Turkey’s residential property price index (RPPI) measuring the quality-adjusted price changes of homes increased by 90.3% on an annual basis in August, and 5.5% month-over-month according to data from the Central Bank of the Republic of Turkey (CBRT).
Although remaining at high levels, the increase in house prices has been easing over recent months, according to official data. According to the central bank, the RPPI surged an annual 121.25% in May before easing to 95.9% measured in June.
The latest data comes a day after official data shared by the Turkish Statistical Institute (TurkStat) indicated that house sales in Türkiye lost pace as they fell to the lowest level in the past three months in September.