18.03.2025 11:42
According to the data released by the Central Bank of the Republic of Turkey, the housing price index increased nominally by 31.3% in February 2025, while it decreased in real terms by 5.6%. In Istanbul, Ankara, and Izmir, an increase in housing prices was also observed.
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The housing price index increased nominally by 31.3% in February compared to the same month of the previous year, while it decreased in real terms by 5.6%.
HOUSING PRICES DECREASED BY 5.6% IN REAL TERMS
The Central Bank of the Republic of Turkey (CBRT) announced the Housing Price Index (HPI) data for February 2025. Accordingly, the HPI, which increased by 2.8% compared to the previous month in February, increased nominally by 31.3% compared to the same month of the previous year, while it decreased in real terms by 5.6%. The Housing Price Index (HPI), calculated to track the price changes of housing in Turkey adjusted for quality effects, increased by 2.8% in February 2025 compared to the previous month, reaching a level of 170.5. The HPI, which increased nominally by 31.3% compared to the same month of the previous year, showed a real decrease of 5.6% during the same period.
THE INCREASE IN IZMIR OUTPACED ISTANBUL
When evaluating the developments in the housing price indices of Istanbul, Ankara, and Izmir, an increase of 2.6%, 3.3%, and 3.8% was observed in February 2025 compared to the previous month, respectively. The index values showed an increase of 28.4%, 37.2%, and 32.7% in Istanbul, Ankara, and Izmir, respectively, compared to the same month of the previous year.
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