The House Price Index (HPI) reached 1150.4 in November 2023, with a monthly increase of 1.9% and an annual increase of 82.8%.
Housing Price Index data for the period of November 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 1.9% compared to the previous month in November and reached 1150.4.
While HPI increased by 82.8% on an annual basis in November, the real increase in this period was 12.4%.
When we look at the KPI change for three major provinces, an increase of 0.8%, 1.8% and 2.8% was observed in Istanbul, Ankara and Izmir, respectively, in November compared to the previous month.
Index values increased by 69.2% in Istanbul, 96.3% in Ankara and 76.9% in Izmir compared to the same month of the previous year.
Source: Trthaber / Prepared by Irem Yildiz