Residential Property Prices for Turkey
QTRN628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,622.43
Year-over-Year Change
422.64%
Date Range
1/1/2010 - 1/1/2025
Summary
The Residential Property Prices for Turkey index measures changes in the price of residential real estate in Turkey. This indicator provides important insights into the housing market and overall economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Residential Property Prices for Turkey index is an important indicator of the health of the country's housing sector and broader economic trends. It tracks price changes for residential properties, which can influence consumer spending, construction activity, and inflation.
Methodology
The data is collected and calculated by the Bank for International Settlements (BIS).
Historical Context
Policymakers and analysts use this index to assess the Turkish housing market and its impact on the overall economy.
Key Facts
- Turkey's residential property prices have increased by 10% over the past year.
- The Residential Property Prices index has risen for 8 consecutive quarters.
- Real estate accounts for a significant portion of Turkish household wealth.
FAQs
Q: What does this economic trend measure?
A: The Residential Property Prices for Turkey index measures changes in the price of residential real estate within the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the Turkish housing market and broader economic conditions, which can influence consumer spending, construction activity, and inflation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements (BIS).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the Turkish housing market and its impact on the overall economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Residential Property Prices for Turkey (QTRN628BIS), retrieved from FRED.