Turkey residential real estate market report for September 2026. National house prices 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
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. The latest quarter shows annual growth decelerating from its previous reading — a sign that the upswing is maturing.
| 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). The easing cycle — 6.00 points lower than a year ago — is the main tailwind for demand.
Turkey in the News
- Buying Property in Turkey : All You Need To Know in 2026 – Get Golden Visa (Get Golden Visa, 22 Sep 2026)
- 33 jailed in $72 million citizenship fraud probe in Turkey – Turkish Minute (Turkish Minute, 25 Sep 2026)
- 40% Increase: Significant Growth in Real Estate Purchases by Iranians in Turkey – صوت الإمارات (صوت الإمارات, 20 Sep 2026)
- Turkey Reviews Past Citizenship by Investment Cases, With 6,134 Citizenship Decisions Cancelled or Withdrawn – Outbound Investment Group (Outbound Investment Group, 21 Sep 2026)
- Another 1,070 foreigners who may have obtained citizenship illegally have been identified in Turkey – UA.NEWS (UA.NEWS, 21 Sep 2026)
- Montenegro will introduce visas for citizens of Russia, Belarus, and Turkey starting November 1—these changes could affect tourism and real estate market – Open4business.com.ua. (Open4business.com.ua., 26 Sep 2026)
Reading the Trend
Prices in Turkey are growing at a pace well above income growth. Markets like this reward sellers and early buyers, but the faster the rise, the more sensitive the market becomes to a change in financing conditions.
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
- Eurostat, House price index (prc_hpi_q)
- BIS, Central bank policy rates
- Headlines via Google News RSS; content belongs to the linked publishers.
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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