Türkiye Home Prices Trail Inflation as Rents Rise Faster
Housing prices rose 22.3% year over year in September, while new-tenant rents in Istanbul increased 35.5%.
Key takeaways
- Home prices rose 1.2% monthly and 22.3% annually in September.
- Prices fell 5.7% in real terms, while Istanbul new-tenant rents rose 35.5% year over year.
Türkiye’s housing price index rose 1.2% in September from the previous month, reaching 239.4, according to the Central Bank of the Republic of Türkiye. Prices increased 22.3% year over year but fell 5.7% in real terms.
Istanbul recorded the steepest annual home-price increase among regions, at 26.8%. The lowest rise was 15.3% in Edirne, Kırklareli and Tekirdağ.
New-tenant rents rose 35.5% year over year in Istanbul, compared with 25.1% in Ankara and 23.7% in İzmir. In Istanbul, annual rent growth exceeded home-price growth by 8.7 percentage points.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
