Residential property prices increased by 30 percent in nominal terms and 14 percent in real terms in November on an annual basis.
The Residential Property Price Index (RPPI) (2017=100), which measures quality-adjusted price changes of dwellings in Turkey stands at 152.2 in November 2020 by a monthly increase of 1.5 percent
The residential property prices increased monthly by 1.7 percent in all three major cities: İstanbul, Ankara, and İzmir, in November. İstanbul, Ankara, and İzmir recorded an annual increase of 27.8, 30.1, and 29.9 percent respectively, over the same period.