The real decline in prices continued
Quick Look
- The real house price index entered its 10th month as of last month.
- In Istanbul, the annual price increase was 26.8%, the monthly increase was 2%, and the average sales price of a 100 square meter house increased to 9 million 84 thousand 300 TL.
- The average square meter price across the country was 53 thousand 887 TL, and the value of a 100 square meter house was calculated as 5 million 388 thousand 700 TL.
AI-generated summary
Why It Matters
The real housing price index entered its 10th month and the highest price increase occurred in Istanbul.
As of last month, the real decline has entered its 10th month. The highest price increase took place in Istanbul. In Istanbul, the annual increase was 26.8 percent and the monthly increase was 2 percent. The average sales price of a 100 square meter house in Istanbul increased to 9 million 84 thousand 300 TL. In the third quarter of the year, the average square meter price across the country increased to 53 thousand 887, and thus the average value of a 100 square meter house became 5 million 388 thousand 700 TL.
New Tenant Rent Index (YKKE) smd increased by 2.1 percent in September and 26.6 percent in nominal terms compared to the same month of the previous year.
Open Questions
- What is the sustainability of this price increase?
- What will be the impact of the price increase on tenants?
