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House prices in Turkey: house price index (2017=100)

August, 29, 2020

Turkey

House prices in Turkey. The Turkish Central Bank publishes a monthly Residential Property Index, starting in 2010, which we use here.  REIDIN.com publishes a monthly Turkey Residential Property Price Index, limited to subscribers.      

House prices in Turkey, % change 1 yr

Nominal and inflation-adjusted ('real')

Turkey

Source: Turkey Central Bank


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20203.197.6
2019-1.34-0.820.53-0.03
2018-0.57-2.79-9.65-0.56
2017-1.071.01-0.24-2.23
20161.81.481.58-1.49
20151.682.610.870.89
2014-0.291.793.231.48
20130.912.361.390.24
20121.812.910.04-1.06
20110.16-0.140.58-4.18
20101.57-0.341

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.