The Residential Property Price Index (RPPI) rose 1.5 percent month-on-month in July 2026, bringing the annual increase to 25.0 percent in nominal terms, while posting a 5.1 percent decline in real terms, the Central Bank said on Aug. 18.
Among the country’s three largest cities, the RPPI increased by 2.7 percent in Istanbul and 2.2 percent in Ankara on a monthly basis, while falling 0.5 percent in İzmir.
On an annual basis, residential property prices rose 27.7 percent in Istanbul, 26.6 percent in Ankara and 23.1 percent in İzmir.
The New Tenant Rent Index (NTRI) increased 1.9 percent month-on-month in July, recording an annual rise of 28.4 percent in nominal terms and a decline of 2.6 percent in real terms.
The NTRI climbed 1.7 percent in Istanbul and 2.2 percent in Ankara on a monthly basis, while decreasing 1.8 percent in İzmir.
Year-on-year, new tenant rents increased 32.4 percent in Istanbul, 28.6 percent in Ankara and 26.3 percent in İzmir.
