Housing prices increased in February

According to the report announced by the Central Bank of the Republic of Türkiye (CBRT), Türkiye's Housing Price Index (KPI) (2017=100) increased by 2.2 percent compared to the previous month in February 2024, reaching the level of 1216.

KPI, which increased by 58.3 percent compared to the same month of the previous year, decreased by 5.1 percent in real terms in the same period.

When the developments in the housing price indices of Istanbul, Ankara and Izmir are evaluated, an increase of 1.5, 2.0 and 1.6 percent, respectively, was observed in February 2024 compared to the previous month.

Index values increased by 45.6, 72.9 and 57.4 percent in Istanbul, Ankara and Izmir, respectively, compared to the same month of the previous year.