Housing Prices Have Actually Declined!
According to data from the Central Bank of the Republic of Turkey (TCMB), the Consumer Price Index (CPI) for July 2025 (2023=100) rose by 0.9 percent compared to the previous month, reaching 187.7.
This article was translated automatically from Turkish. Türkçe orijinal ›
Compared to the same month of the previous year, the nominal increase was 32.8 percent; however, due to inflation, there was a 0.5 percent decline in real terms. This index, which tracks quality-adjusted price changes for housing, reflected the general trends in Turkey’s housing market.
PRICE MOVEMENTS IN MAJOR CITIES
On a monthly basis, prices rose by 0.6 percent in Istanbul and 1.2 percent in Ankara. In Izmir, however, a 1.0 percent decline was observed.
On an annual basis, increases of 33.5 percent in Istanbul, 42.9 percent in Ankara, and 31.0 percent in Izmir were recorded.
REGIONAL DIFFERENCES
According to the Statistical Regional Unit Classification, the highest annual change in the housing price index in July was observed in the Ankara region at 42.9 percent.
The lowest increase, at 19.6 percent, was recorded in the Antalya, Burdur, and Isparta region.
The data highlighted regional differences in the housing market.
