Among T\u00fcrkiye’s top three cities, price growth accelerated more strongly in Istanbul than in capital Ankara and western Izmir during the month.<\/p>\n
Home prices rose 2.7% month-over-month in Istanbul, compared with 2.2% in Ankara and 0.5% in Izmir.<\/p>\n
On a regional basis, the largest annual increase in the residential property price index was recorded in the Bing\u00f6l, Elaz\u0131\u011f, Malatya, Tunceli, Van, Bitlis, Hakkari and Mu\u015f region, at 35.5%.<\/p>\n
The smallest annual increase was seen in Bal\u0131kesir and \u00c7anakkale, at 16.4%.<\/p>\n
Rents also drop in real terms<\/strong><\/p>\n The CBRT’s new tenant rent index, which tracks newly signed lease contracts, also showed a decline in real terms.<\/p>\n The index rose 1.9% month-over-month in July and 28.4% year-over-year in nominal terms, but declined 2.6% in real terms.<\/p>\n Regional rental trends diverged from the housing market. The Eastern Black Sea region recorded the strongest annual increase, with rents rising 35%, ahead of Istanbul, Ankara and Izmir.<\/p>\n In Istanbul, annual rent growth reached 32.4%, exceeding July’s 31.75% inflation rate and resulting in a real increase.<\/p>\n Annual rent increases were 28.6% in Ankara and 26.3% in Izmir.<\/p>\n The strongest regional increase was recorded in Artvin, Giresun, G\u00fcm\u00fc\u015fhane, Ordu, Rize and Trabzon, where the new tenant rent index rose 35% year-over-year.<\/p>\n The lowest increase was again recorded in Bal\u0131kesir and \u00c7anakkale, at 18.8%.<\/p>\n \n The Daily Sabah Newsletter\n <\/p>\n \n Keep up to date with what\u2019s happening in Turkey, SIGN ME UP\n <\/p>\n \n You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.![\"\"\/](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/08\/1787122301_131_JN9LXf.png\")
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