Real Estate

Housing prices continue to rise

The upward trend in housing prices continued in April as well. The Housing Price Index increased by 2% in April compared to the previous month and by 32.4% compared to the same month of the previous year.

The Housing Price Index data for the period of April 2021 has been announced by the Central Bank of the Republic of Turkey (CBRT).

The KPI (2017=100), calculated to monitor the quality-adjusted price changes of residences in Turkey, increased by 2% in April compared to the previous month and amounted to 168.8.

While the Housing Price Index increased by 32.4% compared to the same month of 2020, the real increase in this period was 13%.

Looking at the change in the housing price index for the three big cities, it was seen that an increase of 1.5% in Istanbul and Ankara and 1.4% in Izmir in April compared to the previous month.

Index values increased by 28.6%, 29.8% and 34.3% in Istanbul, Ankara and Izmir, respectively, compared to the same month of the previous year.

Source: NTV / Translated by Irem Yildiz

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