Housing price growth reaches record levels in Eastern and Southeastern provinces

Despite high interest rates, the Turkish public's interest in housing has continued without slowing down. The number of houses sold in the January-September period of 2025 increased by 19.2 percent compared to the same period last year, reaching 1 million 128 thousand 727. The 150 thousand 657 houses sold in September alone were recorded as the highest September sales to date.

Experts on the subject point to the potential interest rate cut expected from the Central Bank of the Republic of Turkey and rapidly rising rents as one of the main reasons for this activity. Many people are turning to real estate to escape the burden of rising rents and to become homeowners before prices rise even further.

REGIONAL INCREASES IN HOUSING PRICES IN TURKEY

According to the Central Bank's Housing Price Index data, the index, which was 158.5 at the end of 2024, rose to 195.7 as of September 2025; this rate represents a 23.47 percent increase on an annual basis. However, the changes observed between cities diverged remarkably. In the first nine months of 2025, Eastern and Southeastern Anatolian cities were among the provinces where prices rose the most.

The following cities were at the top of the list of the 15 provinces that gained the most value during the year:

• Bingöl: %53.63
• Diyarbakır: %49.07
• Muş: %42.86
• Siirt: %41.08
• Bitlis: %40.06
• Erzurum: %37.96
• Batman: %37.48
• Manisa: %34.20
• Elazığ: %33.61
• Kırıkkale: %32.55
• Kütahya: %32.46
• Çanakkale: %32.42
• Niğde: %32.23
• Rize: %31.90
• Bolu: %31.66

A different situation occurred in the coastal city of Muğla. Seen as one of Turkey's most expensive housing markets, Muğla ranked at the bottom in terms of price increase speed this year, with only an 11.22 percent increase observed during the period in question. Malatya, Osmaniye, Mersin, and İzmir were also among the provinces with low increases.

Other provinces with low average price increases were listed as follows:

• Malatya: %16.46
• Osmaniye: %16.85
• Mersin: %18.43
• İzmir: %18.46
• Yozgat: %18.61
• Trabzon: %19.57
• Antalya: %19.96
• Nevşehir: %20.56
• Kilis: %20.88
• Hatay: %20.91
• Aydın: %20.96
• Konya: %21.59
• Adıyaman: %21.94
• Sinop: %22.01

MAJOR CITIES NOT ON THE INCREASE LIST

Major cities such as Istanbul, Ankara, and İzmir were not among the provinces with the highest increases this year. Despite this, square meter prices in these provinces remain well above the Turkish average. According to the data, in the first nine months of 2025, housing prices increased by 26.06 percent in Istanbul, 31.16 percent in Ankara, and 18.46 percent in İzmir.

WILL REGIONAL DIFFERENTIATION CONTINUE?

Experts state that the high increase experienced in Eastern and Southeastern Anatolian cities in the housing market may continue in the coming period. It is noted that price increases in coastal cities are slowing down. It is stated that the expected interest rate cuts could create a general revival in demand, but this will not be felt equally across the country. Thus, it is underlined that regional divergence has become a permanent trend in the housing market.