RPPI – February 2022 – Residential Property Price Index (RPPI)
RPPI – February 2022, increased monthly by 13.5 percent, recorded an annual increase of 96.4 percent in nominal terms and 26.9 percent in real terms.
Residential Property Price Indices (RPPIs), also called House Price Indices (HPIs), are index numbers measuring the rate at which the prices of residential properties (flats, detached houses, terraced houses, etc.) purchased by households are changing over time. Both new and existing dwellings are covered if available, independently of their final use and their previous owners. Only market prices are considered. They include the price of the land on which residential buildings are located.
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The Residential Property Price Index (RPPI) (2017=100), which measures quality adjusted price changes of dwellings in Turkey stands at 317.6 in February 2022 by a monthly increase of 13.5 percent.
The RPPI increased annually by 96.4 percent in nominal terms and by 26.9 percent in real terms.
In February 2022, the RPPI increased monthly by 14.9, 16.0 and 12.7 percent in İstanbul, Ankara and İzmir respectively. İstanbul, Ankara and İzmir recorded an annual increase of 106.3, 97.1 and 90.1 percent respectively.
Reference from: “TCMB Residential Property Price Index Study”
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