- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,194.50-0.52%
- INTEREST37.00%-1.00
- BITCOIN82,961-0.85%
- October 13, 202619°
- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,194.50-0.52%
- INTEREST37.00%-1.00
- BITCOIN82,961-0.85%
- October 13, 202619°
Housing prices increased by 2% and rents by 2.3% in June
According to data from the Central Bank of the Republic of Türkiye, the Housing Price Index (HPI) rose 2% monthly in June to 231.5, with an annual nominal increase of 24.5% but a real decline of 5.8%. The New Tenant Rent Index (NTRI) increased 2.3% monthly and 29.2% annually in nominal terms, while falling 2.2% in real terms.
The Central Bank of the Republic of Türkiye (TCMB) released the Housing Price Index (HPI) and New Tenant Rent Index (NTRI) data for June. The HPI, calculated with 2023=100 as the base, rose 2% month-on-month in June to 231.5.
On an annual basis, the HPI rose 24.5% in nominal terms, but fell 5.8% in real terms after adjusting for inflation.
Housing prices in three major cities
In June, Istanbul saw a monthly housing price increase of 2.1% and an annual increase of 25.3%. Ankara recorded a monthly rise of 1% and an annual rise of 25.5%. Izmir posted a monthly increase of 3.1% and an annual increase of 22.6%.
Regional differences
According to the Statistical Regional Units Classification, the highest annual housing price increase was 33.1% in the Hatay, Kahramanmaraş, Osmaniye region. The lowest annual increase was 16.5% in the Edirne, Kırklareli, Tekirdağ region.
New Tenant Rent Index
The New Tenant Rent Index increased 2.3% month-on-month in June. The annual nominal increase was 29.2%, while it fell 2.2% in real terms.
Rent increases in three major cities
In the NTRI, Istanbul saw a monthly increase of 2.5% and an annual increase of 33.4%. Ankara recorded a monthly rise of 2% and an annual rise of 30.7%, while Izmir posted a monthly increase of 2.6% and an annual increase of 28.4%.
Rent changes by region
In the NTRI, the highest annual increase was again 33.7% in the Hatay, Kahramanmaraş, Osmaniye region, while the lowest increase was 22.6% in the Edirne, Kırklareli, Tekirdağ region.
Stay Updated with The Turkiye Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
