Turkey: Residential Property Price Index - August 2021

Transcription

1. RESIDENTIAL PROPERTY PRICE INDEX DATA GOVERNANCE AND STATISTICS DEPARTMENT SURVEYS AND INDICES DIVISION AUGUST 2021
2. Residential Property Price Index | August 2021 Residential Property Price Index (RPPI) In August 2021, RPPI increased monthly by 3.9 percent, recorded an annual increase of 33.4 percent in nominal terms and 11.9 percent in real terms. Table 1: Residential Property Price Indices (2017=100) and Unit Prices Residential Property Price Index Residential Property Price Index for New Dwellings Residential Property Price Index for Existing Dwellings Unit Prices (TL/m2)* 192.6 (33.4%) 208.3 (40.2%) 189.7 (32.0%) 4851.2 ₺ 163.5 (30.7%) 176.2 (34.7%) 162.8 (30.1%) 7265.4 ₺ 180.1 (28.5%) 218.4 (40.5%) 176.0 (27.1%) 3508.6 ₺ 204.0 (33.6%) 218.8 (41.2%) 202.0 (31.9%) 5973.2 ₺ *Square Meter Prices are constructed by using the Stratified Median Price method. Figures in parentheses indicate annual percentage changes. Residential Property Price Index has been published as part of the “Official Statistics Programme (OSP)”. 1
3. Residential Property Price Index | August 2021 Graph 1: Residential Property Price Index (Level, 2017=100) 200 180 160 140 120 The Residential Property Price Index (RPPI) (2017=100), which measures quality adjusted price changes of dwellings in Turkey stands at 192.6 in August 2021 by a monthly increase of 3.9 percent. 100 80 08.21 01.21 07.20 01.20 07.19 01.19 07.18 01.18 07.17 01.17 07.16 01.16 07.15 01.15 60 Graph 2: Residential Property Price Index (Annual % Change) Nominal Real (CPI Adjusted) The RPPI increased annually by 33.4 percent in nominal terms and by 11.9 percent in real terms. 08.21 01.21 07.20 01.20 07.19 01.19 07.18 01.18 07.17 01.17 07.16 01.16 07.15 01.15 36 32 28 24 20 16 12 8 4 0 -4 -8 -12 -16 -20 Graph 3: Residential Property Price Index for Three Major Cities (Level, 2017=100) İstanbul Ankara İzmir 220 200 180 160 140 120 100 80 08.21 01.21 07.20 01.20 07.19 01.19 07.18 01.18 07.17 01.17 07.16 01.16 07.15 01.15 60 In August 2021, the RPPI increased monthly by 4.3, 3.3 and 3.8 percent in İstanbul, Ankara and İzmir respectively. İstanbul, Ankara and İzmir recorded an annual increase of 30.7, 28.5 and 33.6 percent respectively. 2