A Turning Point for Property Prices in Turkey
Turkey’s property market has reached a significant milestone. After nearly two years of inflation-adjusted declines, housing prices have recorded their first real-term increase, signalling renewed confidence in the Turkish real estate sector.
According to the Central Bank of the Republic of Turkey (CBRT), the Housing Price Index (HPI) showed that real housing prices rose by 0.3% in November, marking the first genuine increase in 22 months once inflation is taken into account. For buyers and investors monitoring the market closely, this shift suggests the beginning of a more balanced and potentially sustainable growth phase.
Business Turkey
Housing Price Index: What the Latest Data Shows
The Housing Price Index, which measures residential property prices while adjusting for quality differences, increased by 2.7% month-on-month, reaching a value of 204.2 in November.
On an annual basis, house prices across Turkey rose by 31.4%. While this figure reflects strong nominal growth, the most notable development is that prices have finally outpaced inflation, resulting in positive real growth for the first time since early 2024.
This change is particularly important for both domestic and foreign buyers, as real price growth often signals improving market stability rather than speculative inflation-driven rises.
Major Cities Lead the Recovery
Turkey’s three largest cities continue to play a central role in shaping national housing trends.
Monthly Price Growth (November)
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Istanbul: +2.5%
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Ankara: +3.0%
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Izmir: +2.4%
Annual Price Growth
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Istanbul: +31.7%
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Ankara: +37.9%
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Izmir: +31.6%
Ankara’s stronger annual growth reflects increasing demand driven by population movement, infrastructure investment, and expanding employment opportunities, while Istanbul and Izmir continue to benefit from both local demand and international interest.
Regional Housing Market Performance Across Turkey
Beyond the major cities, regional housing markets are showing varied but generally positive trends.
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The highest annual price increase (40.1%) was recorded in eastern regions including Bingöl, Elazığ, Malatya, Tunceli, Van, Bitlis, Hakkâri, and Muş.
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The lowest annual increase (21.9%) was seen in Hatay, Kahramanmaraş, and Osmaniye, areas still influenced by regional rebuilding and economic adjustment.
These regional differences highlight opportunities for buyers seeking value-driven investments or emerging markets with long-term growth potential.
Buying Property
What This Means for Buyers and Investors
The return to real price growth suggests that Turkey’s housing market is moving into a more stable and sustainable phase. For international buyers, investors, and lifestyle purchasers, this can present several advantages:
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Improved confidence in long-term property values
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Better alignment between prices and inflation
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Continued opportunities in both established cities and emerging regions
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Strong fundamentals driven by population growth, urban development, and foreign demand
For those considering purchasing property in Turkey—whether for relocation, rental income, or investment—current conditions may offer a strategic entry point before further real-term growth becomes established.
Looking Ahead
While economic conditions and inflation trends will continue to influence the market, the latest housing data points to a positive shift in momentum. As real price growth returns, Turkey remains an attractive destination for property buyers seeking affordability, lifestyle benefits, and long-term potential.
At Oceanwide Properties, we continue to monitor market developments closely and provide clients with up-to-date insights to help them make informed property decisions across Turkey.
Considering Property in Fethiye?
With Turkey’s housing market showing renewed real-term growth, Fethiye continues to stand out as one of the most attractive locations for buyers seeking lifestyle, value, and long-term potential. Whether you are looking for a coastal holiday home, a permanent move, or a buy-to-let investment, local expertise makes all the difference. At Oceanwide Properties, we specialise in Fethiye and the surrounding areas, offering carefully selected homes and trusted guidance throughout the buying process. Contact us today to explore current opportunities and take the next step with confidence.
