House prices rose 95.9 percent in June

The Central Bank (CBRT) announced the House Price Index (KFE) for June 2023.

Consequently, the KPI, which increased 4.8 percent in June 2023 compared to the previous month, increased 95.9 percent in nominal terms and 38 percent in real terms compared to the same month last month. last year.

As of May 2023, house prices had risen 3.6 percent from the previous month and 103.6 percent from the same month a year earlier.

ANKARA, ISTANBUL, IZMIR

House prices increased 85.5 percent in Istanbul, 100 percent in Izmir and 106 percent in Ankara in the past year. The average price of a 100 square meter house was TL 1,827,500 in Ankara, TL 2,870,500 in Izmir and TL 3,722,000 in Istanbul.

When evaluating the evolution of the house price indices of Istanbul, Ankara and Izmir, an increase of 4.0, 5.6 and 4.9 percent was observed in these cities, respectively, in June 2023 compared to with the previous month.

THE AVERAGE PRICE OF A HOME IS CLOSE TO 2.5 MILLION

The average price per square meter of a house in Turkey was 24,598 TL. Thus, the average price of a house of 100 square meters was 2 million 459 thousand 800 TL.

The regions where house prices increased the most were Zonguldak, Karabük, Bartın with an annual increase of 134.7%, Ağrı, Ardahan, Kars, Iğdır with an annual increase of 127.5% and Edirne, Kırklareli and Tekirdağ with a increase of 117.7%.