Housing Price Index Announced: Real Decline Continued in August.
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The Central Bank of the Republic of Turkey has released the August 2026 Housing Price Index (HPI) and New Tenant Rent Index (NTRI) data! While the Housing Price Index increased by 23 percent annually, it decreased by 6.5 percent in real terms. The New Tenant Rent Index, on the other hand, showed an annual increase of 26.4 percent.
The highest annual increase in housing prices was observed in Bingöl, Elazığ, Malatya, Tunceli, Van, Bitlis, Hakkari and Muş regions with 27%. In the new tenant rent index, the highest year-on-year increase was recorded in Istanbul with 34.5 percent in August, while the lowest increase was 17.3 percent in Edirne, Kırklareli and Tekirdağ regions.
Housing prices in Turkey increased nominally by 23 percent year-on-year in August. However, when the effect of inflation is taken into account, housing prices decreased by 6.5 percent in real terms. The new tenant rent index, despite rising by 26.4 percent year-on-year, decreased by 3.9 percent in real terms. Istanbul stood out among the three major cities with a 34.5 percent year-on-year increase in new tenant rents. The Central Bank of the Rep…
The real decline in housing prices has continued for the ninth month. While housing prices rose 23 percent year-on-year in August, they decreased by 6.5 percent when adjusted for inflation. In Istanbul, housing prices increased by 26.3 percent, while rent paid by new tenants increased by 34.5 percent.
According to Central Bank data, the Housing Price Index increased by 23 percent year-on-year in August, but decreased by 6.5 percent in real terms. The New Tenant Rent Index, on the other hand, showed a 26.4 percent year-on-year increase, with Istanbul leading the way with a 34.5 percent annual rent increase.
According to the Turkish Statistical Institute (TÜİK) August Housing Price Index (HPI) data, the housing price index increased nominally by 23 percent in August compared to the same month of the previous year.
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