Housing

House Value Index

This page tracks HVI independently from the house-purchase simulations. The series is CPI-deflated and adjusted with a land-plus-structure depreciation mix, then rebased to January 2018 = 100.

Analysis

House Value Trend

See the house price, rent, maintenance, tax, and depreciation effects together in today's money.

This is a shortcut index. For a more detailed analysis, go to the House purchase or House purchase vs rent pages.

Chart

Share the result chart.

Summary table

Share the selected-cities result table.
Dashboard

Standalone HVI Monitor

The same series is also embedded inside the market dashboard.

Raw JSON ↗
Istanbul
113.92 index
2026-08-31 · EVDS / TCMB + land/structure adjustment
Ankara
159.21 index
2026-08-31 · EVDS / TCMB + land/structure adjustment
Izmir
135.20 index
2026-08-31 · EVDS / TCMB + land/structure adjustment
Türkiye
143.13 index
2026-08-31 · EVDS / TCMB + land/structure adjustment

Net landlord return assumes 3.5% gross rent yield, 5.0% vacancy loss, and 1.0% annual operating-cost drag.

Istanbul Net
138.77 index
2026-08-31 · EVDS / TCMB + assumed net rental carry
Ankara Net
193.93 index
2026-08-31 · EVDS / TCMB + assumed net rental carry
Izmir Net
164.69 index
2026-08-31 · EVDS / TCMB + assumed net rental carry
Türkiye Net
174.34 index
2026-08-31 · EVDS / TCMB + assumed net rental carry

House Value Index (January 2018 = 100)

Standalone housing-value monitor built independently from the house-purchase simulations.

Net Landlord Return Index (January 2018 = 100)

Real total-return path combining housing capital value with assumed net rental carry.

Notes

  • The series is independent from house-purchase and buy-or-rent simulations.
  • Each line starts from the first valid EVDS house-price observation for that geography and is rebased to January 2018 = 100 after CPI deflation.
  • Net landlord return layers a fixed 3.5% gross rent yield on top of the housing path, then subtracts 5.0% vacancy loss and 1.0% annual operating-cost drag.
  • No leverage, transaction costs, or city-specific observed rent series are included yet.