Turkey House Prices Growth

2011 - 2023 | Monthly | % | CEIC Data

Key information about House Prices Growth

  • Turkey house prices grew 75.5% YoY in Dec 2023, following an increase of 82.8% YoY in the previous month.
  • YoY growth data is updated monthly, available from Jan 2011 to Dec 2023, with an average growth rate of 12.7%.
  • House price data reached an all-time high of 189.1% in Sep 2022 and a record low of 1.5% in May 2019.

CEIC calculates House Prices Growth from monthly Residential Property Price Index. The Central Bank of Republic of Turkey provides Residential Property Price Index with base 2017=100.

View Turkey's House Prices Growth from Jan 2011 to Dec 2023 in the chart:

Turkey House Prices Growth

What was Turkey's House Prices Growth in Dec 2023?

Turkey house prices grew 75.5% YoY in Dec 2023, following an increase of 82.8% YoY in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
75.5 Dec 2023 82.8 Nov 2023 1.5 May 2019 189.1 Sep 2022 % monthly Jan 2011 - Dec 2023

House Prices Growth by Country Comparison

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Includes House Prices Growth on 68 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Australia (%) -0.9 Jun 2023 quarterly Sep 2004 - Jun 2023
Austria (%) -4.0 Sep 2023 quarterly Sep 1987 - Sep 2023
Belarus (%) -2.5 Dec 2021 quarterly Mar 2010 - Dec 2021
Belgium (%) 0.3 Sep 2023 quarterly Mar 1974 - Sep 2023
Bosnia and Herzegovina (%) 17.0 2022 yearly 2009 - 2022
Brazil (%) 5.2 Jan 2024 monthly Jan 2009 - Jan 2024
Brunei (%) 2.0 Sep 2023 quarterly Mar 2016 - Sep 2023
Bulgaria (%) 9.2 Sep 2023 quarterly Mar 2006 - Sep 2023
Canada (%) -0.7 Jan 2024 monthly Jan 1982 - Jan 2024
Chile (%) -2.2 Sep 2023 monthly Jan 2004 - Sep 2023
China (%) 6.7 Dec 2023 monthly Mar 1999 - Dec 2023
Colombia (%) 12.4 Dec 2023 quarterly Mar 1998 - Dec 2023
Croatia (%) 20.1 Dec 2022 semiannually Jun 1996 - Dec 2022
Cyprus (%) 7.6 Sep 2023 quarterly Mar 2007 - Sep 2023
Czech Republic (%) 1.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Denmark (%) 12.3 Jan 2022 monthly Jan 2007 - Jan 2022
Estonia (%) -2.2 Mar 2024 quarterly Sep 2004 - Mar 2024
European Union (%) -1.0 Sep 2023 quarterly Mar 2006 - Sep 2023
Finland (%) 2.0 Dec 2017 quarterly Mar 2011 - Dec 2017
France (%) -1.5 Sep 2023 quarterly Mar 2001 - Sep 2023
Georgia (%) 7.8 Jun 2021 monthly May 2016 - Jun 2021
Germany (%) -10.2 Sep 2023 quarterly Mar 2001 - Sep 2023
Greece (%) 12.1 Sep 2023 quarterly Mar 2000 - Sep 2023
Hong Kong SAR, China (%) -6.8 Dec 2023 monthly Jan 1994 - Dec 2023
Hungary (%) 1.5 Sep 2023 quarterly Mar 2008 - Sep 2023
Iceland (%) 5.4 Feb 2024 monthly Mar 2001 - Feb 2024
India (%) 2.7 Jun 2023 quarterly Mar 2011 - Jun 2023
Indonesia (%) 1.7 Dec 2023 quarterly Mar 2003 - Dec 2023
Ireland (%) 4.4 Dec 2023 monthly Jan 2006 - Dec 2023
Israel (%) -1.4 Nov 2023 monthly Jan 1995 - Nov 2023
Italy (%) 1.8 Sep 2023 quarterly Mar 2011 - Sep 2023
Japan (%) 1.3 Nov 2023 monthly Apr 2009 - Nov 2023
Kazakhstan (%) -4.2 Jan 2024 monthly Nov 2013 - Jan 2024
South Korea (%) -2.8 Feb 2024 monthly Jan 1987 - Feb 2024
Latvia (%) 17.3 Mar 2022 quarterly Mar 2007 - Mar 2022
Lithuania (%) 13.1 Mar 2023 quarterly Mar 2007 - Mar 2023
Luxembourg (%) -13.6 Sep 2023 quarterly Mar 2008 - Sep 2023
North Macedonia (%) 2.1 Dec 2019 semiannually Jun 2004 - Dec 2019
Malaysia (%) 0.1 Sep 2023 quarterly Mar 2000 - Sep 2023
Malta (%) 7.5 Dec 2023 quarterly Mar 2001 - Dec 2023
Mexico (%) 10.0 Dec 2023 quarterly Mar 2006 - Dec 2023
Mongolia (%) 1.3 Sep 2021 quarterly Dec 2008 - Sep 2021
Montenegro (%) 24.6 Sep 2023 quarterly Mar 2012 - Sep 2023
Morocco (%) 0.1 Jun 2023 quarterly Mar 2007 - Jun 2023
Netherlands (%) 1.6 Dec 2023 monthly Jan 1996 - Dec 2023
New Zealand (%) -9.1 Jun 2023 quarterly Dec 1990 - Jun 2023
Norway (%) -0.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Palestinian Territory (%) 1.4 Jun 2023 quarterly Mar 2019 - Jun 2023
Peru (%) 7.0 Dec 2021 quarterly Dec 2008 - Dec 2021
Philippines (%) 12.9 Sep 2023 quarterly Mar 2015 - Sep 2023
Poland (%) 11.2 Dec 2023 quarterly Sep 2007 - Dec 2023
Portugal (%) 7.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Romania (%) 7.0 Sep 2022 quarterly Mar 2010 - Sep 2022
Russia (%) 11.8 Dec 2022 quarterly Mar 2006 - Dec 2022
Serbia (%) 6.5 Jun 2023 semiannually Jun 1995 - Jun 2023
Singapore (%) 6.8 Dec 2023 quarterly Mar 1976 - Dec 2023
Slovakia (%) -8.6 Dec 2023 quarterly Mar 2006 - Dec 2023
Slovenia (%) 5.7 Sep 2023 quarterly Mar 2008 - Sep 2023
South Africa (%) 7.3 Nov 2016 monthly Jan 1967 - Nov 2016
Spain (%) 3.7 Dec 2023 monthly Jan 2002 - Dec 2023
Sweden (%) -6.3 Dec 2023 quarterly Mar 1987 - Dec 2023
Switzerland (%) 0.1 Dec 2023 quarterly Mar 1971 - Dec 2023
Taiwan (%) 8.0 Dec 2023 quarterly Mar 2002 - Dec 2023
Thailand (%) 8.5 Sep 2021 monthly Mar 2009 - Sep 2021
Turkey (%) 75.5 Dec 2023 monthly Jan 2011 - Dec 2023
Ukraine (%) 17.0 Dec 2023 quarterly Mar 2017 - Dec 2023
United Kingdom (%) 1.2 Feb 2024 monthly Jan 1992 - Feb 2024
United States (%) 6.4 Dec 2023 quarterly Mar 1992 - Dec 2023

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Turkey Key Series

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Includes 268 key indicators for Turkey, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.3 Dec 2023 quarterly Dec 2006 - Dec 2023
Consolidated Fiscal Balance (USD mn) -6,138.900 Jan 2024 monthly Jan 2006 - Jan 2024
Tax Revenue (USD mn) 17,224.697 Jan 2024 monthly Jan 2006 - Jan 2024
Tax Revenue: % of GDP (%) 18.0 Dec 2023 quarterly Mar 2006 - Dec 2023
National Government Debt (USD mn) 254,513.1 2022 yearly 2001 - 2022
Government Debt: % of GDP (%) 30.5 Sep 2023 quarterly Dec 2001 - Sep 2023
Forecast: Government Expenditure (TRY bn) 62,930.420 2028 yearly 2000 - 2028
Forecast: Government Net Debt (TRY bn) 60,762.080 2028 yearly 2000 - 2028
Forecast: Government Revenue (TRY bn) 56,428.620 2028 yearly 2000 - 2028
General Budget: Revenue (TRY mn) 621,736.130 Jan 2024 monthly Jan 2005 - Jan 2024
General Budget: Expenditure (TRY mn) 828,571.320 Jan 2024 monthly Jan 2005 - Jan 2024
General Budget: Cash Balance (TRY mn) -206,835.190 Jan 2024 monthly Jan 2005 - Jan 2024
General Budget: ytd: Revenue (TRY th) 608,284,871.421 Jan 2024 monthly Jan 2006 - Jan 2024
General Budget: ytd: Expenditure (EX) (TRY th) 792,615,929.422 Jan 2024 monthly Jan 2006 - Jan 2024
General Budget: ytd: Revenue: Tax (TRY th) 517,201,252.022 Jan 2024 monthly Jan 2006 - Jan 2024
General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) 15,799,069.582 Jan 2024 monthly Jan 2006 - Jan 2024
General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) 346,732,972.724 Jan 2024 monthly Jan 2006 - Jan 2024
General Budget: ytd: Balance (TRY th) -184,331,058.001 Jan 2024 monthly Jan 2006 - Jan 2024
General Budget: ytd: Revenue: Tax: Direct (TRY th) 136,802,612.677 Jan 2024 monthly Jan 2006 - Jan 2024
Central Government Debt: External (TRY mn) 538,505.357 Mar 2019 monthly Jan 2002 - Mar 2019
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.230 2028 yearly 1980 - 2028
Trade Balance (USD mn) -8,483.7 Apr 2023 monthly Jan 2013 - Apr 2023
Total Exports (USD mn) 14,265.9 Dec 2019 monthly Jan 1997 - Dec 2019
Total Exports Growth (%) 0.9 May 2023 monthly Jan 2014 - May 2023
Aluminum: Exports (USD th) 5,241,090.145 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,290,644.710 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 651,764.672 2022 yearly 1995 - 2022
Total Imports (USD mn) 17,684.5 Dec 2019 monthly Jan 1997 - Dec 2019
Total Imports Growth (%) 6.5 May 2023 monthly Jan 2014 - May 2023
Imports: Medicament (USD th) 2,306,593.258 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,692,489.997 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 1,223.646 Jan 2024 monthly Apr 1964 - Jan 2024
Total Imports from USA (USD mn) 1,401.861 Jan 2024 monthly Apr 1964 - Jan 2024
Total Exports to China (USD mn) 277.500 Jan 2024 monthly Jan 2013 - Jan 2024
Total Imports from China (USD mn) 2,893.078 Jan 2024 monthly Sep 1992 - Jan 2024
Trade Balance: USD (USD mn) -2,136.727 Mar 2019 monthly Jan 1969 - Mar 2019
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 721.0 Dec 2023 monthly Jan 1992 - Dec 2023
Current Account Balance (USD mn) -2,091.0 Dec 2023 monthly Jan 1992 - Dec 2023
Current Account Balance: % of GDP (%) -1.6 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Direct Investment (USD mn) 1,038.0 Dec 2023 monthly Jan 1992 - Dec 2023
Foreign Direct Investment: % of GDP (%) 1.3 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment (USD mn) 7,522.000 Dec 2023 quarterly Mar 1992 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 2.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 1,552.0 Dec 2023 quarterly Mar 1992 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 5,970.000 Dec 2023 quarterly Mar 1992 - Dec 2023
External Debt (USD mn) 482,639.5 Sep 2023 quarterly Dec 1989 - Sep 2023
External Debt: % of GDP (%) 51.3 2022 yearly 1989 - 2022
External Debt: Short Term (USD mn) 168,854.0 Sep 2023 quarterly Dec 1989 - Sep 2023
External Debt: Short Term: % of GDP (%) 16.7 2022 yearly 1989 - 2022
Total Debt: % of GDP (%) 305.1 Sep 2023 quarterly Dec 2014 - Sep 2023
Forecast: Current Account Balance (USD bn) -36.365 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -285,208.000 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: Current Account: Goods (USD mn) -4,586.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: Current Account: Goods: Imports: F.o.B. (USD mn) 27,242.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: Current Account: Goods: Exports: F.o.B. (USD mn) 22,656.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: Current Account: Services: Debit (USD mn) 5,114.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: Current Account: Services: Credit (USD mn) 7,688.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: Current Account: Primary Income: Credit (USD mn) 1,720.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: Current Account: Primary Income: Debit (USD mn) 1,953.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: Current Account: Secondary Income (USD mn) 154.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: FA: Direct Investment: Net Acquisition of Financial Assets (USD mn) 721.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: FA: Portfolio Investment: Net Acquisition of Financial Assets (USD mn) -364.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: FA: Portfolio Investment: Net Incurrence of Liabilities (NI) (USD mn) 1,326.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: FA: Other Investment: Net Acquisition of Financial Assets (FA) (USD mn) 989.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: FA: Other Investment: Net Incurrence of Liabilities (NI) (USD mn) 4,142.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: Current, Capital and Financial Accounts (USD mn) 3,061.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: Net Errors and Omissions (USD mn) -1,083.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: Capital Account (USD mn) -8.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: CA: Services (USD mn) 2,574.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: CA: Primary Income (PI) (USD mn) -233.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: FA: Direct Investment (DI) (USD mn) -317.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: FA: Portfolio Investment (PI) (USD mn) -1,690.000 Dec 2023 monthly Jan 1992 - Dec 2023
BoP: FA: Other Investment (OI) (USD mn) -3,153.000 Dec 2023 monthly Jan 1992 - Dec 2023
International Investment Position (IIP) (USD mn) -285,208.000 Dec 2023 quarterly Mar 2006 - Dec 2023
IIP: Assets (USD mn) 326,914.000 Dec 2023 quarterly Mar 2006 - Dec 2023
IIP: Liabilities (USD mn) 612,122.000 Dec 2023 quarterly Mar 2006 - Dec 2023
External Debt Stock: Net (USD mn) 230,962.624 2022 yearly 1989 - 2022
External Debt: BR: Long Term (LT) (USD mn) 313,785.469 Sep 2023 quarterly Dec 1989 - Sep 2023
FDI: Flows: NACE 2: SE: Financial and Insurance (FI) (USD mn) 23.000 Dec 2023 monthly Jan 2005 - Dec 2023
FDI: Flows: NACE 2: IS: Electricity, Gas, Steam & Air Conditioning (USD mn) 6.000 Dec 2023 monthly Jan 2005 - Dec 2023
FDI: Flows: NACE 2: IS: Manufacturing (Mfg) (USD mn) 295.000 Dec 2023 monthly Jan 2005 - Dec 2023
FDI: Flows: NACE 2: Industrial Sectors (IS) (USD mn) 301.000 Dec 2023 monthly Jan 2005 - Dec 2023
FDI: Flows: NACE 2: Services (SE) (USD mn) 510.000 Dec 2023 monthly Jan 2005 - Dec 2023
FDI: Flows: Europe: Spain (USD mn) 37.000 Dec 2023 monthly Jan 2005 - Dec 2023
Foreign Direct Investment (FDI): Flows: NACE 2 (USD mn) 815.000 Dec 2023 monthly Jan 2005 - Dec 2023
FDI: Flows: Europe: Austria (USD mn) 11.000 Dec 2023 monthly Jan 2005 - Dec 2023
FDI: Flows: Asia: NM: GA: Qatar (USD mn) 0.000 Dec 2023 monthly Jan 2005 - Dec 2023
FDI: Flows: Europe: Germany (USD mn) 44.000 Dec 2023 monthly Jan 2005 - Dec 2023
FDI: Flows: Europe: Netherlands (USD mn) 145.000 Dec 2023 monthly Jan 2005 - Dec 2023
Investment Abroad: DI: FL: RE: IS: Manufacturing (Mfg) (USD mn) 25.000 Dec 2023 monthly Jan 2005 - Dec 2023
Investment Abroad: DI: FL: RE: Industrial Sectors (IS) (USD mn) 164.000 Dec 2023 monthly Jan 2005 - Dec 2023
Investment Abroad: DI: FL: RE: IS: Mining and Quarrying (USD mn) 137.000 Dec 2023 monthly Jan 2005 - Dec 2023
Investment Abroad: DI: FL: RE: SE: Financial and Insurance (FI) (USD mn) 278.000 Dec 2023 monthly Jan 2005 - Dec 2023
Direct Investment Abroad: Flows: Residents (RE) (USD mn) 697.000 Dec 2023 monthly Jan 2005 - Dec 2023
Investment Abroad: DI: FL: RE: Services (SE) (USD mn) 533.000 Dec 2023 monthly Jan 2005 - Dec 2023
Direct Investment Abroad: Flows: RE: Europe: United Kingdom (USD mn) 47.000 Dec 2023 monthly Jan 2005 - Dec 2023
Direct Investment Abroad: Flows: RE: America: North: United States (USD mn) 107.000 Dec 2023 monthly Jan 2005 - Dec 2023
Direct Investment Abroad: Flows: RE: Europe: OT: Russia (USD mn) 2.000 Dec 2023 monthly Jan 2005 - Dec 2023
Direct Investment Abroad: Flows: RE: Asia: NM: OT: Azerbaijan (USD mn) 6.000 Dec 2023 monthly Jan 2005 - Dec 2023
Direct Investment Abroad: Flows: RE: Europe: Netherlands (USD mn) 244.000 Dec 2023 monthly Jan 2005 - Dec 2023
Number of Companies: Newly Established (Unit) 11,045.000 Jan 2024 monthly Jan 1995 - Jan 2024
Number of Companies: Liquidated (Unit) 1,759.000 Jan 2024 monthly Jan 1995 - Jan 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Jan 2024 monthly Jan 2003 - Jan 2024
Household Debt: % of GDP (%) 11.7 Sep 2023 quarterly Dec 2014 - Sep 2023
Non-Performing Loans (USD mn) 6,458.355 Jan 2024 monthly Dec 2002 - Jan 2024
Money Supply M1 (USD mn) 160,312.087 Jan 2024 monthly Dec 1963 - Jan 2024
Money Supply M2 (USD mn) 464,425.044 Dec 2023 monthly Dec 1976 - Dec 2023
M2 Growth (%) 66.5 Dec 2023 monthly Dec 1977 - Dec 2023
Reserve Requirement Ratio (%) 8.0 Feb 2024 monthly Jan 2011 - Feb 2024
Foreign Exchange Reserves (USD mn) 78,002.0 Jan 2024 monthly Apr 2000 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 7.776 Dec 2023 quarterly Jun 2000 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 3.0 Jan 2024 monthly Apr 2000 - Jan 2024
Gold Reserves (USD mn) 48,164.000 Dec 2023 monthly Dec 1956 - Dec 2023
Total Deposits (USD mn) 489,172.349 Nov 2023 monthly Dec 2002 - Nov 2023
Total Deposits Growth (%) 63.4 Jan 2024 monthly Dec 2003 - Jan 2024
Domestic Credit (USD mn) 508,682.5 Dec 2023 monthly Jan 1986 - Dec 2023
Domestic Credit Growth (%) 55.9 Dec 2023 monthly Jan 1987 - Dec 2023
Debt Service Ratio: Private Non-Financial Sector (%) 23.000 Sep 2023 quarterly Mar 2002 - Sep 2023
Credit to Households (USD bn) 93.089 Sep 2023 quarterly Mar 1986 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 512.544 Sep 2023 quarterly Mar 1986 - Sep 2023
Household Debt (USD mn) 88,562.3 Jan 2024 monthly Jan 1986 - Jan 2024
Total Loans (USD mn) 320,675.682 Jan 2024 monthly Jan 1986 - Jan 2024
Total Loans Growth (%) 52.93 Dec 2023 monthly Jan 1987 - Dec 2023
Private Debt: % of Nominal GDP (%) 33.94 Dec 2023 quarterly Dec 1998 - Dec 2023
Money Supply: M3 (TRY th) 14,179,075,897.000 Jan 2024 monthly Dec 2005 - Jan 2024
Asset Quality: Banking Sector: NPL to Total Loan (%) 1.599 Jan 2024 monthly Jan 2003 - Jan 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.4 Feb 2024 monthly Jan 2008 - Feb 2024
Composite Leading Indicator Index: Trend Restored (NA) 278.650 Dec 2023 monthly Dec 1987 - Dec 2023
Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) 102.000 Feb 2024 monthly Jan 2007 - Feb 2024
Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) 114.479 Feb 2024 monthly Jan 2011 - Feb 2024
Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) 91.849 Feb 2024 monthly Jan 2011 - Feb 2024
Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) 118.634 Feb 2024 monthly Jan 2011 - Feb 2024

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