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Turkey (National) House Price Index
Turkey
*Please note that the inflation adjusted pricing might not reflect the true situation within the country as many real estate transactions might be carried out in foreign currency due to high inflation of the local currency
House prices in Turkey, % change 1 yr
Nominal and inflation-adjusted ('real')
Turkey
Quarterly change in house prices, inflation-adjusted
Q1 | Q2 | Q3 | Q4 | |
2024 | -6.64% | -1.81% | -2.92% | |
2023 | 12.56% | 6.10% | -2.93% | -4.13% |
2022 | 8.54% | 20.77% | 12.20% | 4.25% |
2021 | 2.86% | 3.60% | 6.16% | 6.22% |
2020 | 4.40% | 5.53% | 3.87% | 0.72% |
2019 | -1.76% | -1.24% | 0.97% | 0.28% |
2018 | -0.36% | -2.26% | -9.12% | -0.94% |
2017 | -0.46% | 1.05% | 0.00% | -2.88% |
2016 | 1.67% | 1.53% | 1.39% | -1.48% |
2015 | 2.02% | 2.60% | 0.97% | 0.12% |
2014 | -0.66% | 1.20% | 3.16% | 1.02% |
2013 | 1.25% | 1.92% | 0.81% | 0.93% |
2012 | 3.14% | 0.83% | -1.10% |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.
Yearly change in house prices, nominal and inflation-adjusted
Year | Inflation Adjusted | Nominal Change |
2023 | 11.14% | 83.14% |
2022 | 53.33% | 151.88% |
2021 | 20.17% | 63.52% |
2020 | 15.27% | 32.06% |
2019 | -1.76% | 9.83% |
2018 | -12.32% | 5.47% |
2017 | -2.31% | 9.38% |
2016 | 3.10% | 11.88% |
2015 | 5.81% | 15.14% |
2014 | 4.76% | 13.40% |
2013 | 5.00% | 12.73% |
The yearly changes table looks at the last quarter's/month's index values for a given year and compares it with the same quarter/month of the previous year to gauge the change in house prices during that given year.