With its unique geographical position spanning both Europe and Asia, and a topography surrounded by seas on three sides, Turkey has become a coveted investment hotspot.

Turkey's immigration policies are simple and efficient, with an approval process that is quick. Coupled with a high-quality living environment and a robust passport strength, these factors attract investors from around the world to invest in the country.

According to data released by the Central Bank of Turkey, the House Price Index (HPI) for August 2023 shows a staggering 90.3% increase compared to the same period last year.

The HPI, as an index measuring changes in residential property prices, has garnered widespread attention for its growth rate globally.

Assuming an HPI value of 100 in 2017, the index reached 1043 by August 2023, with a monthly average growth rate of 5.5%.

Although house prices saw a YoY increase of 90.3% in August, considering the increase in the minimum wage standard, the actual increase is 21.9%.

Furthermore, the HPI for the capital Ankara, the largest city Istanbul, and the resort destination Izmir increased by 100.4%, 78.4%, and 90.3% respectively, indicating varying trends in price increases across different regions.

In addition to the rise in the house price index, Turkey's inflation rate is also drawing attention.

According to data from the National Statistical Institute, Turkey's annualized inflation rate in August was 58.94%, while an independent inflation research group, ENAG, reported a figure of 128.05%.

These data illustrate the rapid growth of Turkey's real estate market and the presence of inflationary pressures, providing investors with comprehensive market information.