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 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
- Buying Property in Turkey : All You Need To Know in 2026 – Get Golden Visa (Get Golden Visa, 22 Sep 2026)
- Turkey real estate market in 2026—2030: prices, rent, and the opportunity to obtain citizenship by investment – The National Law Review (The National Law Review, 25 Aug 2026)
- In 2024, Texas’ largest wildfire burned about 46,000 acres of the 77,721-acre Turkey Track Ranch; after r – The Times of India (The Times of India, 7 Oct 2026)
- 40% Increase: Significant Growth in Real Estate Purchases by Iranians in Turkey – صوت الإمارات (صوت الإمارات, 20 Sep 2026)
- 33 jailed in $72 million citizenship fraud probe in Turkey – Turkish Minute (Turkish Minute, 25 Sep 2026)
- Turkey Identifies Another 1,070 People Who Obtained Citizenship Through Fake Real Estate Transactions – Ukraine open for business (Ukraine open for business, 23 Sep 2026)
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
- Eurostat, House price index (prc_hpi_q)
- BIS, Central bank policy rates
- Headlines via Google News RSS; content belongs to the linked publishers.
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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