The Central Bank of Turkey summarized the results of real estate sales in Q1: prices continue to rise

In March 2025, Turkey again saw an increase in real estate values. According to the country's Central Bank (CBRT), the house price index increased by 2.03% month-on-month and 32.34% year-on-year, the highest since August last year.

Despite the nominal increase, the real value of housing, adjusted for inflation, showed a decline of 4.2% on a year-on-year basis. Although the price index of Turkish housing has been increasing nominally, the real value of housing has shown a decline for the last 7 consecutive months when inflation is taken into account.

In the three largest cities of the Republic, the index increased in March as follows: in Istanbul by 2.5%, in Ankara by 1.9% and in Izmir by 3.8% compared to February. On a year-on-year basis, the figures also increased: in Istanbul by 30.7%, in Ankara by 38.6% and in Izmir by 32.5%.