Housing prices have increased almost 3 times in a year

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The House Price Index (PPI) increased by 5.4 percent in October compared to the previous month and became 605.8. The Housing Price Index increased by 188.2 percent on an annual basis.

The Housing Price Index data for the period of October 2022 has been announced by the Central Bank of the Republic of Turkey (CBRT). The (KFE) (2017=100), calculated to monitor the quality-adjusted price changes of houses in Turkey, increased by 5.4 percent in October compared to the previous month and was recorded as 605.8. While the Housing Price Index increased by 188.2 percent on an annual basis in October, the real increase was 56.3 percent in this period.

HOUSING PRICES IN ISTANBUL INCREASED 3 TIMES Looking at the changes in the housing price index for the three big cities, there was an increase of 4.7 percent, 5.3 percent and 6.2 percent in Istanbul, Ankara and Izmir, respectively, in October compared to the previous month.

Index values ​​increased by 204.6 percent in Istanbul, 194.1 percent in Ankara and 186.4 percent in Izmir compared to the same month of the previous year.



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