Real Residential Property Prices for Turkey
QTRR628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
223.92
Year-over-Year Change
45.29%
Date Range
1/1/2010 - 1/1/2025
Summary
The Real Residential Property Prices for Turkey index tracks the inflation-adjusted changes in residential property values over time, providing insight into the health of the Turkish housing market.
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
This index measures the evolution of inflation-adjusted residential property prices in Turkey. It is a key indicator for policymakers and investors to assess the sustainability of the country's real estate sector and its impact on the broader economy.
Methodology
The data is calculated by the Bank for International Settlements using property price indices and consumer price indices.
Historical Context
Real estate trends are closely monitored by Turkish authorities and global investors to evaluate economic conditions and guide policy decisions.
Key Facts
- Turkey's real property prices have risen over 50% since 2015.
- Residential investment accounts for around 6% of Turkey's GDP.
- The index is published quarterly with a 3-month lag.
FAQs
Q: What does this economic trend measure?
A: The Real Residential Property Prices for Turkey index tracks the inflation-adjusted changes in residential property values over time in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator for policymakers and investors to assess the health and sustainability of Turkey's real estate sector and its broader economic implications.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using property price indices and consumer price indices.
Q: How is this trend used in economic policy?
A: Real estate trends are closely monitored by Turkish authorities and global investors to evaluate economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly with a 3-month lag.
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Citation
U.S. Federal Reserve, Real Residential Property Prices for Turkey (QTRR628BIS), retrieved from FRED.