House Price Index increased by 3.8 percent in October

Central Bank of the Republic of Türkiye announced the House Price Index data for the period of October 2023.

The PPI (2017=100), which is calculated to monitor the quality-adjusted price changes of houses in Türkiye, increased by 3.8 percent in October compared to the previous month and realized at 1129.6.

While the PPI increased by 86.5 percent on an annual basis in October, the real increase in this period was 15.4 percent.

Looking at the change in PPI for the three major cities, Istanbul, Ankara and Izmir increased by 2.9, 4.7 and 3.3 percent, respectively, in October compared to the previous month.

Compared to the same month of the previous year, index values increased by 74.4 percent in Istanbul, 101.5 percent in Ankara and 80.1 percent in Izmir.