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Commercial property prices across Türkiye continued to increase, rising 30.9% annually in 2025, in line with the pace of inflation, according to central bank data.
When adjusted for inflation, prices declined by 0.5% year-on-year, while the Commercial Property Price Index rose 8.1% in the fourth quarter compared with the previous three-month period, the data showed.
Retail and office property prices continued to rise strongly in nominal terms in the final quarter of 2025.
The Shop Price Index increased 8.5% quarter-on-quarter and rose 31.0% compared with the same period a year earlier, while real price growth remained limited after adjusting for inflation.
Office property prices also continued to rise, although at a slower quarterly rate. The Office Price Index gained 5.7% in the fourth quarter and recorded a 30.5% nominal annual increase but showed a slight decline of 0.8% in real terms after adjusting for inflation.
Average commercial property prices reached ₺49,283 ($1,127.49) per square meter for shops and ₺57,444 per square meter for offices, reflecting higher unit values in the office segment.
The price growth in commercial properties reflects broader real estate trends, as Türkiye’s Residential Property Price Index (RPPI), which tracks housing price movements, rose 29% year-on-year in nominal terms in December, while recording a 1.4% decline in real terms after adjusting for inflation.
Annual housing price increases reached 28.5% in Istanbul, 34.9% in Ankara, and 30.8% in Izmir, reflecting continued nominal growth across Türkiye’s largest urban markets.
The average residential property price stood at ₺41,347 per square meter.
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