The Housing Price Index increased by 5.3% in December 2022 compared to the previous month and became 662.5.
The Housing Price Index data for the period of December 2022 has been announced by the Central Bank of the Republic of Turkiye (CBRT).
The (KFE) (2017=100), calculated to monitor the quality-adjusted price changes of houses in Turkiye, increased by 5.3% in December compared to the previous month and was recorded as 662.5.
While the Housing Price Index increased by 167.8% on an annual basis in December, the real increase in this period was 58.7%.
Looking at the housing price index changes for the three big cities, in December 2022, an increase of 4.7%, 4.6% and 4.2% was observed in Istanbul, Ankara and Izmir, respectively, compared to the previous month. Index values increased by 174.2% in Istanbul, 172.7% in Ankara and 168.3% in Izmir on an annual basis in December.
Source: Trthaber / Prepared by Irem Yildiz