Turkey rent inflation 39.71% in October 2026

Turkish rents rose 39.71% in the year to October, 9.94 points faster than the 29.77% headline inflation rate, the central bank's October report shows.

The facts

• Rent inflation ran at 39.71% over twelve months to October 2026, with a monthly rise of 2.55%, in the central bank's October price report published on 4 November 2026.
• Headline consumer price inflation was 29.77% annually and 2.58% monthly, putting rent 9.94 points above the general rate.
• Rent inflation has nonetheless more than halved from a year earlier: in October 2025 the annual rate was 66.28% and the monthly rise 3.74%.
• Within services, annual inflation reached 36.56%. Only communication at 43.29% and transport at 42.51% ran faster than rent, while restaurants and hotels came in at 28.42% and other services at 36.55%.
• Core measures eased, the B index to 28.46% and the C index to 28.28% in annual terms.

What it means for your money

• Rents are climbing faster than prices generally. A landlord's nominal income grew 39.71% while the broad price level grew 29.77%.
• The currency cuts the other way: these are lira figures, so a foreign buyer's return depends on how much of a 39.71% nominal rise survives conversion.
• Glopra records Turkish rent at 5.90 USD per square metre a month and an effective 18.39% tax on rental income, so 18.39% of every nominal rent rise goes in tax before it reaches the owner.

What to watch

• The report appears on the working day after the statistics office release, so the November reading follows the November consumer price figures.
• One structural limit: the report carries no housing, dwelling or construction expenditure group at all. Rent, inside services, is its only housing-related series, so it says nothing about purchase prices or building activity.

Sources: TCMB https://www.tcmb.gov.tr/wps/wcm/connect/15fe8641-cdde-4e1e-846a-446eed1d9447/afiyatekim26.pdf

Market data: Antalya (province) · Istanbul · Fethiye · Izmir (province)