Real Estate

The Housing Price Index increased by 10.2% in April

The House Price Index (KPI) increased by 10.2% in April compared to the previous month and became 383.1.

The Housing Price Index data for the period of April 2022 has been announced by the Central Bank of the Republic of Turkey (CBRT).

The (KFE) (2017=100), calculated to monitor the quality-adjusted price changes of houses in Turkiye, increased by 10.2% in April compared to the previous month and was recorded as 383.1.

While the Housing Price Index increased by 127% on an annual basis in April, the real increase in this period was 34.9%.

Looking at the changes in the housing price index for the three big cities, an increase of 10.7%, 10.6% and 9.7% was observed in Istanbul, Ankara and Izmir, respectively, in April compared to the previous month. Index values increased by 142.2% in Istanbul, 130.9% in Ankara and 122.6% in Izmir compared to the same month of the previous year.

Source: Trthaber / Translated by Irem Yildiz

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