In April, the House Price Index (HPI) increased by 1.5% monthly and by 32.9% annually. However, in real terms, housing prices decreased by 3.6%.
According to the data for April 2025, the House Price Index (HPI) rose by 1.5% compared to the previous month. Compared to the same month of the previous year, it increased by 32.9% in nominal terms, while it decreased by 3.6% in real terms.
In a statement by the Central Bank of the Republic of Turkey (CBRT), the following was noted:
“The House Price Index (HPI), which is calculated to monitor price changes in residential properties in Turkey excluding quality effects (2023=100), rose by 1.5% in April 2025 compared to the previous month, reaching a level of 176.4.
Compared to the same month of the previous year, the HPI increased by 32.9% nominally, while in real terms it decreased by 3.6%.
When developments in the housing price indices of Istanbul, Ankara, and Izmir are evaluated, in April 2025, increases of 2.7%, 2.8%, and 0.2% were observed respectively compared to the previous month. Compared to the same month of the previous year, the index values increased by 34.4% in Istanbul, 41.9% in Ankara, and 30.9% in Izmir.”
