The Turkish House Price Index (RPPI) increased by 31.3% in February 2025 compared to February last year, but decreased by 5.6% in real terms. Such data was reported by the Central Bank.
The nominal price growth rate decreased in February compared to January (from 31.95% to 31.3% year-on-year and from 4.68% to 2.8% month-on-month).
In Istanbul, the financial and commercial capital of the country, real estate prices rose by 28.4% in nominal terms in the year to February. In the capital Ankara, the annual growth was 37.2% excluding inflation. In Izmir, Turkey's third most populous city, housing prices increased by 32.7% year-on-year in nominal terms.
In February 2025, national inflation was 39.05%, which is lower than in January (42.12%) and the level of January last year (67.07%).
Source: Hurriyet Daily News
