Küçükçekmece residential real estate market report for September 2026. Nationally, house prices in Turkey were surging, up 28.5% from a year earlier in Q4 2024 (+6.7% quarter on quarter). The pace of annual growth is slowing. The Central Bank of Türkiye’s policy rate stood at 37.00% in August 2026, down from 43.00% a year earlier.
September 2026 at a Glance
House Prices and Trends
No free, official monthly price series is published for Küçükçekmece specifically, so this section uses the national index for Turkey as the reference; local asking-price movements typically follow the national direction with a lag of one to two quarters.
The national house price index for Turkey rose 28.5% year on year in Q4 2024 and was +6.7% against the previous quarter, according to Eurostat, House price index (prc_hpi_q). A year earlier the annual rate was +63.4%, so growth has cooled over twelve months. More recently, though, the annual rate has eased from the previous quarter, which suggests the market is losing some steam even as prices stay well above year-ago levels.
| Quarter | Prices YoY | Prices QoQ |
|---|---|---|
| Q1 2024 | +63.4% | +7.0% |
| Q2 2024 | +49.7% | +6.1% |
| Q3 2024 | +33.3% | +6.1% |
| Q4 2024 | +28.5% | +6.7% |
House price index, % change year on yearQ1 2024+63.4%Q2 2024+49.7%Q3 2024+33.3%Q4 2024+28.5%
Financing and Interest Rates
The Central Bank of Türkiye’s policy rate was 37.00% in August 2026 (BIS, Central bank policy rates). Rates have come down 6.00 points over the past year, easing mortgage costs and widening the pool of buyers who qualify for financing.
Reading the Trend
This is a seller's market by any measure. Buyers should expect competition and limited negotiating room; investors should stress-test yields against a slowdown in capital growth.
What to watch next month
- The next quarterly release of the house price index for Turkey (Q4 2024 is the latest) — whether annual growth keeps slowing.
- Upcoming decisions by the Central Bank of Türkiye — any move from 37.00% feeds through to mortgage pricing within weeks.
What This Means for Buyers, Sellers and Investors
Competition is strong and negotiating room is limited; decide quickly on well-priced property, but set a ceiling based on rents and incomes rather than on recent price gains.
Pricing at the market rather than above it still sells fastest; over-reaching invites a stale listing once momentum turns.
Falling financing costs improve leveraged returns and widen the gap between yield and mortgage rate.
Sources
Methodology: all figures are taken directly from the free public statistical sources linked above, for the periods stated; official statistics are published with a lag, so the latest available release is used. Commentary is generated from those figures by rule and reviewed before publication. Nothing here is financial advice.
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