Housing Price Index increased by percentage in September Housing Price

The Central Bank of the Republic of Turkey (CBRT) announced KFE and New Tenant Rental Index (YKKE) data for September.

KPI (2023=100), which is calculated to monitor the quality-adjusted price changes of houses in Türkiye, increased by 1.2 percent in September compared to the previous month, reaching 239.4.

KPI, which increased by 22.3 percent compared to the same month of the previous year, decreased by 5.7 percent in real terms in the same period.

KPI increased by 2 percent in Istanbul, 0.1 percent in Ankara and 1 percent in Izmir on a monthly basis in September. Index values ​​increased by 26.8 percent in Istanbul, 22 percent in Ankara and 21 percent in Izmir on an annual basis in September.

When the annual housing price index changes of the regions are examined according to the Statistical Regional Units Classification, the highest annual increase in September was observed in the Istanbul region with 26.8 percent, and the lowest annual increase was observed in the Edirne, Kırklareli, Tekirdağ regions with 15.3 percent.

YKKI, which increased by 2.1 percent in September compared to the previous month, increased by 26.6 percent in nominal terms and decreased by 2.4 percent in real terms compared to the same month of the previous year.

YKKE recorded an increase of 3.5 percent in Istanbul, 0.6 percent in Ankara and 1.1 percent in Izmir in September.

Index values ​​increased by 35.5 percent in Istanbul, 25.1 percent in Ankara and 23.7 percent in Izmir compared to the same month of the previous year.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)