The Central Bank of Turkey (CBRT) published data on housing price trends for February 2025

In nominal terms, the price index for residential real estate increased by 31.3% compared to February last year.

However, this growth was below the inflation rate, which amounted to 39.05% for the same period.

As a result, adjusted for inflation, the real value of housing fell by 5.6%.

Nominal home prices did increase, but because of high inflation, their real value declined.

In February 2025, monthly price growth was 2.8%, exceeding monthly inflation of 2.27%. Differences in price growth are noticeable by region:

• Istanbul - the annual increase in housing prices amounted to 28.4%.
• Izmir - here the growth was higher - 32.7%.
• Ankara - the highest growth among major cities - 37.2%.

Housing sales in Turkey in February 2025 increased by 20% year-on-year to nearly 113,000 units. About 1.48 million housing units were sold in the whole of 2024, which is comparable to the sales volume of 2022.