Turkey: Residential Property Price Index - December 2020

Transcription

1. RESIDENTIAL PROPERTY PRICE INDEX DATA GOVERNANCE AND STATISTICS DEPARTMENT SURVEYS AND INDICES DIVISION DECEMBER 2020
2. Residential Property Price Index | December 2020 Residential Property Price Index (RPPI) In December 2020, RPPI increased monthly by 1.7 percent, recorded an annual increase of 30.3 percent in nominal terms and 13.7 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)* 154.8 (30.3%) 160.7 (31.6%) 153.5 (30.2%) 3887.5 ₺ 135.2 (27.9%) 138.5 (26.8%) 135.1 (28.7%) 6483.8 ₺ 149.3 (30.2%) 170.7 (37.1%) 146.2 (28.7%) 2895.2 ₺ 161.8 (29.4%) 168.9 (34.6%) 162.5 (29.4%) 4505.8 ₺ *Square Meter Prices are constructed by using the Stratified Median Price method. **Nomenclature of Territorial Units for Statistics (NUTS) Level 2 definitions are given in the Metadata note. Figures in parentheses indicate annual percentage changes. 1
3. Residential Property Price Index | December 2020 Graph 1: Residential Property Price Index (Level, 2017=100) 160 150 140 130 120 110 100 The Residential Property Price Index (RPPI) (2017=100), which measures quality adjusted price changes of dwellings in Turkey stands at 154.8 in December 2020 by a monthly increase of 1.7 percent. 90 80 70 12.20 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 30.3 percent in nominal terms and by 13.7 percent in real terms. 12.20 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 180 160 140 120 100 80 12.20 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 December 2020, the RPPI increased monthly by 1.3, 1.4 and 1.2 percent in İstanbul, Ankara and İzmir respectively. İstanbul, Ankara and İzmir recorded an annual increase of 27.9, 30.2 and 29.4 percent respectively. 2