Housing prices continue to decrease in real terms

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Lerato Khumalo

In April 2025, KFE, which increased by 1.5 percent compared to the previous month, increased by 32.9 percent nominal compared to the same month of the previous year, while in real terms decreased by 3.6 percent.

The Central Bank of the Republic of Türkiye (CBRT) said in a statement as follows:

“Housing Price Index (KFE) (2023 = 100), which is calculated to monitor the price changes free of the quality impact of the houses in Türkiye, increased by 1.5 percent in April 2025 to 176.4.

Increased by 32.9 percent compared to the same month of the previous year, KFE decreased by 3.6 percent in the same period.

When the developments in the housing price indices of Istanbul, Ankara and Izmir were evaluated, an increase of 2.7 percent, 2.8 and 0.2, respectively compared to the previous month in April 2025. The index values ​​increased by 34.4 percent, 41.9 and 30.9 percent in Istanbul, Ankara and Izmir, respectively in Istanbul, Ankara and Izmir. “