16.12.2025 11:05
According to the data from the Central Bank of the Republic of Turkey (TCMB), the housing price index increased nominally by 31.4% in November compared to the same month of the previous year. During the same period, the housing price index showed a real increase of 0.3%. Thus, it rose in real terms for the first time in 22 months.
The Central Bank of the Republic of Turkey (CBRT) announced the Housing Price Index (HPI) data for November. Accordingly, the HPI, which increased by 2.7% compared to the previous month in November 2025, rose nominally by 31.4% and real by 0.3% compared to the same month of the previous year.
FIRST INCREASE IN REAL TERMS AFTER 22 YEARS
The Housing Price Index (HPI), calculated to track price changes of housing in Turkey adjusted for quality effects, reached a level of 204.2 in November 2025, increasing by 2.7% compared to the previous month.
Compared to the same month of the previous year, the HPI increased by 31.4%, while it showed a real increase of 0.3% during the same period. Thus, housing prices increased in real terms for the first time after 22 months.
THE HIGHEST INCREASE IN ANKARA AMONG THREE MAJOR CITIES
In November 2025, increases of 2.5%, 3.0%, and 2.4% were observed in Istanbul, Ankara, and Izmir, respectively, compared to the previous month. The index values showed increases of 31.7%, 37.9%, and 31.6% in Istanbul, Ankara, and Izmir, respectively, compared to the same month of the previous year.
WHICH PROVINCES HAVE THE HIGHEST INCREASE?
When examining the annual changes in the housing price index of regions according to the Statistical Region Units Classification, the highest annual increase in the period of November 2025 was observed in the Bingöl, Elazığ, Malatya, Tunceli, Van, Bitlis, Hakkari, and Muş region at 40.1%, while the lowest annual increase was recorded in the Hatay, Kahramanmaraş, and Osmaniye region at 21.9%.