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Turkey New-Build Price Index — October 2026

As of 10/29/2026, the median new-build price per square metre in Turkey is $1,700 (114 projects with price and floor area); Istanbul $2,130, Ankara $1,460. This is the base edition; month-on-month changes start with the next edition.

A monthly index of new-build apartment prices in Turkey based on the EMLAKTRY catalogue: the median price per square metre and the median starting price of a project, for the country and for provinces with a sufficient sample. Open data (CC BY 4.0): free to republish with a link to the source.

RegionUSD per m², medianMid-market range, USD per m²TRY per m², medianMonth on monthStarting price, medianProjects: with area / with price
Turkey, all regions$1,700$1,340 – $2,780₺84,600—$197,000114 / 179
Istanbul$2,130$1,590 – $3,080₺106,100—$230,00058 / 81
Ankara$1,460$1,200 – $2,250₺72,600—$183,00022 / 29
Bursa————$145,0007 / 16
Izmir————$220,0005 / 13

Data as of 10/29/2026. Central Bank of Turkey rate: $1 = 49.79 TRY. Mid-market range: price per m² of half of the region's projects (P25–P75).

CSV, October 2026 · CSV, all editions

How to cite

Source: EMLAKTRY New-Build Price Index, emlaktry.com/prices/index/2026-10

Open data under CC BY 4.0: free to republish, including in the media, with attribution and a link to emlaktry.com.

Methodology

  • Sample: projects in the EMLAKTRY catalogue with a published developer price — 179 of 1,218 in this edition. Prices come from developers' public listings on Turkish property portals; prices older than 12 months are excluded.
  • A project's price per m² is the median across its layouts (the layout's starting price divided by its floor area); each project counts once, and the regional figure is the median across projects. The median is more robust than the average to a few expensive projects.
  • Mid-market range (P25–P75): the range that contains the price per m² of half of the region's projects.
  • A region enters the index with at least 10 priced projects; price per m² and the range are shown from 8 projects with both price and floor area.
  • Month-on-month change is measured only on the same projects present in two consecutive editions (at least 8): the median change of their price per m². New expensive or cheap projects therefore do not distort the trend.
  • Developers publish prices in Turkish lira; US dollar figures use the Central Bank of Turkey rate on the price date, lira per m² uses the rate on the edition date.
  • Each edition is frozen once a month, with data as of the end of the month (from the 25th), and is not revised after publication.
  • Limitations: not all developers publish prices, so the sample is smaller than the catalogue and skewed towards large cities; provinces without a sufficient sample are not included.

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