The Central Bank of Türkiye (CBRT) has unveiled the House Price Index data for June 2023, revealing notable trends in the country's real estate landscape.

In June, the House Price Index soared by 4.8 percent in comparison to the preceding month. The most striking revelation, however, lies in the annual increase, which stands at a remarkable 95.9 percent.

This substantial annual upswing has propelled the PPI to achieve a reading of 920.5, notably pushing it into double-digit annual figures after a considerable span of time.

The annual real increase in the PPI stands at a noteworthy 38.0 percent. This remarkable trajectory underscores the dynamic shifts within Türkiye's housing market, reflecting both short-term dynamics and broader long-term trends.

The announcement of the House Price Index data provides invaluable insights into Türkiye's real estate sector, shedding light on the evolving trends and dynamics shaping the housing landscape. (ILKHA)