Price dynamics: nominal growth vs inflation

Year-on-year change by city, February 2026

Nominal growth Inflation (31.5%) Real change
National average
+26.4%
-3.9% real
Avg. home price
$125k
~5M TRY
Avg. price/m²
$890
~38k TRY
Key rate
37%
target 25%

Source: Central Bank of Turkey, TURKSTAT, IMF, VirtoProperty estimates