Turkey housing market June 2026: prices rise nominally, decline in real terms; transaction volume concentrated in major cities
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TCMB, TKGM and TÜİK data compilation: although nominal housing prices rose, they declined in real terms against inflation (Istanbul real −5.2%); land registry transaction volume is concentrated in the three largest provinces.
- Real price change: nominal increase loses to inflation
- Land registry transaction volume: demand concentrated in three major provinces
- Brief assessment
A compilation of official data in one place: CBRT House Price Index, TKG land registry transaction numbers, and TurkStat housing sales statistics. Brief summary: house prices continue to rise nominally (in numerical terms), but when adjusted for inflation, they lose real value; the sales volume is concentrated in the three largest provinces.
Real price change: nominal increase loses to inflation
According to the CBRT index, the Istanbul house price index rose to 216.9, with an annual nominal increase of 25.3%. However, since the CPI for the same period (32.11%) exceeded this increase, housing lost −5.2% of its real value after adjusting for inflation. The picture is similar in Ankara and Izmir.
| Province | Price index | Annual nominal | Real change (CPI 32.11%) |
|---|---|---|---|
| Istanbul | 216.9 | +25.3% | −5.2% |
| Ankara | — | — | −5.0% |
| Izmir | — | — | −7.2% |
Real change = nominal increase adjusted for CPI. "—": The CBRT only published real comparisons on a provincial basis, so nominal breakdowns were not provided.
Land registry transaction volume: demand concentrated in three major provinces
According to TKG's 2025 data, the number of properties that changed hands was 276,644 in Istanbul, 193,912 in Ankara, and 99,223 in Izmir. The fact that transaction volume remains lively while prices decline in real terms indicates that demand is concentrated in major cities.
| Province | Properties changing hands (2025) |
|---|---|
| Istanbul | 276,644 |
| Ankara | 193,912 |
| Izmir | 99,223 |
Brief assessment
Nominal price increases continue, but there is a real decline against inflation; transaction volume remains active in major cities. For homebuyers, this means a picture of "numbers are rising, but purchasing power is falling." The figures are compiled from official publications of the CBRT, TKG, and TurkStat; source links are below.
This article is a summary compiled by satisofisi.com from official and statistical sources; you can reach the sources via the links above.
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