The dynamics of property prices in Turkey in October has been news

According to the Central Bank of the Republic of Turkey (CBRT), Turkey's Residential Property Price Index (RPPI) rose by 2.1% in October compared to September, reaching a level of 151.1 on a basic scale. The index recorded an annual nominal increase of 26.8%, but a real decrease of 14.7% after taking inflation into account. This index tracks changes in house prices, taking into account the quality of the houses, and provides a picture of the state of the property market in Turkey.

The sharp rise in home sales was fuelled by a fall in real prices, as confirmed by CBRT data. According to the Turkish Statistical Institute (TurkStat), total housing sales in Turkey increased by 2.8% in October compared to the previous month. From the beginning of the year to October, new home sales rose 20.4% to 358,558 units.