Central Bank Announced August Housing Price Index and New Tenant Rental Index Data

The Central Bank of the Republic of Türkiye announced KPI and New Tenant Rental Index (YKKE) data for August.

KPI (2023=100), which is calculated to monitor the quality-adjusted price changes of houses in Türkiye, increased by 0.9 percent compared to the previous month and reached 236.8 in August.

KPI, which increased by 23 percent compared to the same month of the previous year, decreased by 6.5 percent in real terms in the same period.

KFE increased by 1.9 percent in Istanbul, 1.5 percent in Ankara and 2.7 percent in Izmir on a monthly basis in August.

Index values ​​increased by 26.3 percent in Istanbul, 24.8 percent in Ankara and 23.3 percent in Izmir on an annual basis in August.

When the annual housing price index changes of the regions are examined according to the Statistical Regional Units Classification, the highest annual increase in August was observed in the Bingöl, Elazığ, Malatya, Tunceli, Van, Bitlis, Hakkari, Muş regions with 27 percent, and the lowest annual increase was observed in the Edirne, Kırklareli and Tekirdağ regions with 13 percent.

YKKI, which increased by 2.3 percent in August compared to the previous month, increased by 26.4 percent in nominal terms and decreased by 3.9 percent in real terms compared to the same month of the previous year.

YKKE recorded an increase of 4.9 percent in Istanbul, 2.6 percent in Ankara and 5.4 percent in Izmir in August.

Index values ​​increased by 34.5 percent in Istanbul, 28.3 percent in Ankara and 25.5 percent in Izmir compared to the same month of the previous year.

When the annual new tenant rent index changes of the regions are examined according to the Statistical Regional Units Classification, the highest annual increase in August was seen in the Istanbul region with 34.5 percent, and the lowest annual increase was seen in the Edirne, Kırklareli and Tekirdağ regions with 17.3 percent.