TGFE Data from CBRT: 2026 II. Quarter Analysis

TGFE data for the second quarter of this year was announced by the Central Bank of the Republic of Turkey (CBRT). In the second quarter of 2026, TGFE increased by 5.5 percent compared to the previous quarter, by 29.4 percent in nominal terms compared to the same quarter of the previous year, and decreased by 2.2 percent in real terms.

Throughout Turkey, the Shop Price Index, which increased by 5.4 percent in the second quarter of 2026 compared to the previous quarter, increased by 29.2 percent in nominal terms and decreased by 2.4 percent in real terms compared to the same quarter of the previous year. In the same quarter, the Office Price Index, which increased by 6 percent compared to the previous quarter, increased by 30.6 percent in nominal terms compared to the same quarter of the previous year. Office Price Index decreased by 1.3 percent in real terms.

When the developments in three major cities are evaluated, commercial real estate price indices increased by 5.3 percent in Istanbul, 6.4 percent in Ankara and 5 percent in Izmir in the second quarter of 2026 compared to the previous quarter. Index values ​​increased by 27.8 percent in Istanbul, 32.5 percent in Ankara and 25.7 percent in Izmir compared to the same quarter of last year.