The Housing Price Index reached 1163.2 in December 2023, with a monthly increase of 1.1% and an annual increase of 75.5%.
Housing Price Index data for the period of December 2023 was announced by the Central Bank of the Republic of Turkiye.
HPI (2017=100), which is calculated to monitor the quality-adjusted price changes of houses in Turkiye, increased by 1.1% in December compared to the previous month, reaching 1163.2.
While HPI increased by 75.5% on an annual basis in December, the real increase in this period was 7.1%.
When we look at the HPI change for three major provinces, an increase of 0.1%, 2.5% and 3.5% was observed in Istanbul, Ankara and Izmir, respectively, in November compared to the previous month.
Index values increased by 61.8% in Istanbul, 92.3% in Ankara and 75.6% in Izmir compared to the same month of the previous year.
Source: Trthaber / Prepared by Irem Yildiz