In Turkey August 2019, RPPI increased monthly by 0.59 % , recorded an annual increase of 4.00 % in nominal terms and decreased by 9.57 percent in real terms.

property-unit-prices-in-turkey-2019

Table: Residential Property Price Indicates and Unit Prices in Turkey 2019

The Residential Property Price Index (RPPI) (2017=100), which measures quality adjusted price changes of houses in Turkey stands at 113.07 in August 2019 by a monthly increase of 0.59 percent.

The RPPI increased annually by 4.00 percent in nominal terms and decreased by 9.57 percent in real terms.

In August 2019, the RPPI decreased monthly by 1.21 percent in İstanbul and increased by 1.05 and 0.59 percent in Ankara and İzmir respectively. İstanbul recorded an annual decrease of 3.41 percent and Ankara and İzmir recorded an annual increase of 3.78 and 2.15 percent respectively.

Resource: www.tcmb.gov.tr