Market report · October 2026Hot market
Turquia

Turkey residential real estate market report for October 2026. National house prices were climbing strongly, 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 September 2026, down from 40.50% a year earlier.

October 2026 at a Glance

House prices · Turkey
+28.5% YoY
+6.7% QoQ · Q4 2024
Momentum
Slowing
+28.5% now vs +33.3% a quarter earlier
Policy rate
37.00%
Falling over 12 months · September 2026

House Prices and Trends

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 +49.7%, so growth has cooled over twelve months. The latest quarter shows annual growth decelerating from its previous reading — a sign that the upswing is maturing.

Quarter Prices YoY Prices QoQ
Q2 2024 +49.7% +6.1%
Q3 2024 +33.3% +6.1%
Q4 2024 +28.5% +6.7%

House price index, % change year on yearQ2 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 September 2026 (BIS, Central bank policy rates). The easing cycle — 3.50 points lower than a year ago — is the main tailwind for demand.

Turkey in the News

Reading the Trend

Hot market

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

Compradores

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.

Sellers

Pricing at the market rather than above it still sells fastest; over-reaching invites a stale listing once momentum turns.

Investidores

Falling financing costs improve leveraged returns and widen the gap between yield and mortgage rate.

Sources

Previous edition: Turkey Real Estate Market Report — September 2026

Cover photo: Turkey vulture (Cathartes aura) in flight by Charles J. Sharp via Wikimedia Commons, CC BY-SA 4.0.

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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