Housing Prices Rise 31 Percent in 1 Year

Central Bank of Turkey Republic (CBT), ignoring the quality of the houses in Turkey and providing an understanding of the changes in prices “Housing Price Indexannounced the results of “July. 31.0 percentshows an increase of 10.2 percent in real terms.

The latest data announced by the CBRT show that the price increase in housing continued between June and July. showing itself reveals. According to the data, the data for July shows that the average house prices in June 2.8 percent shows an increase in rate. The graph created using the data shows that the rise in housing prices is getting more and more intense. have hardened states.

Here is the House Price Index chart for July

According to the data of the Central Bank, the province with the highest increase in housing prices on an annual basis Izmir it happened. While the residences in İzmir increased by 31.4 percent on an annual basis, this rate was recorded as 28.1 percent in Istanbul and 27.1 percent in Ankara. On a monthly basis, 2.3 percent of the residences in Ankara and Izmir in Istanbul On the other hand, we see that the houses increased by 2.7 percent.

According to the announced data, the average price of a house with a size of 100 square meters, has increased to 466.9 thousand TL for the whole of Turkey.. This average price is in Istanbul and Izmir, respectively. 694.3 thousand TL and 574.9 thousand TL, which is above the average of Turkey. In Ankara, the average price of a house with a size of 100 square meters is 341 thousand TL.