Housing Price Increase in Small Cities Exceeds Inflation

May in Turkey CPI figure was announced and annual inflation reached its peak at 74.45%. Annual inflation is expected to enter a downward trend starting from June. In the first stage, a decrease to 50 percent in CPI is expected. high interest policy Its side effects manifest themselves in the form of a slowdown in the housing market, sales and prices.

The annual average price increase in housing throughout Türkiye has been below the annual inflation rate in the last few months. by CBRT According to the announced Housing Price Index data set, the annual average increase was 58.30% in February and 52.00% in March. In these two months, annual CPI was 67.07% and 68.50%, respectively.

Ardahan is at the top in housing prices

real estate platform ENDEKSA According to May 2024 data announced by Ardahan, housing prices increased on an annual basis. 110% With this increase, it became the province where housing prices increased the most. It was noteworthy that among the provinces in the top 10 there were provinces that were not within the scope of metropolitan cities.

Here is the list in the top 10 Our provinces are:

According to ENDEKSA data in May 2024 In the last year, the change in housing prices in three metropolitan cities remained below the CPI. While housing prices in Istanbul increased by 48.99 percent, this rate was 55.31% in Ankara and 46.61% in Izmir. A real decline was observed in the said period, as the annual price increase in three major cities remained below the annual CPI.