Turkey economic data: Card payments hit 2.97 trillion TL in July

Turkey economy housing price index card payments inflation forecast rent index

Turkey's economic indicators for July 2026 show significant activity in card payments and real estate. According to the Interbank Card Center (BKM), total card payments reached 2.97 trillion TL, marking a 37% annual increase. This growth was driven by credit cards, which accounted for 2.54 trillion TL of the total. Internet-based card payments rose by 34% to 908.9 billion TL, while contactless transactions saw a 44% surge in value.

In the real estate sector, the Central Bank of Turkey reported that the Housing Price Index (KFE) rose by 1.5% month-on-month in July, reaching 234.8. While nominal annual prices increased by 25%, the index saw a 5.1% real decrease when adjusted for inflation. Regional trends showed monthly increases in Istanbul (2.7%) and Ankara (2.2%), whereas Izmir experienced a 0.5% decrease. The New Tenant Rent Index also rose 1.9% monthly, with a 28.4% nominal annual increase and a 2.6% real decrease.

Additionally, the Central Bank updated its year-end inflation forecast for 2026, raising it to 28%.

Entities

Ankara · Bankalararası Kart Merkezi · Bilal Emin Turan · Central Bank of the Republic of Turkey · Central Bank of the Republic of Türkiye · Istanbul · Turkish Statistical Institute · Türkiye Cumhuriyet Merkez Bankası · İzmir

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Investing 5 million TL in a bank account with 41% interest yields approximately 148,000 TL in monthly net income. www.yenialanya.com
[DISPUTED] The Central Bank raised its year-end inflation forecast for 2026 from 26% to 28%. www.gazeteabc.com · dokuzeylul.com
[● 11 SOURCES] The New Tenant Rent Index increased by 28.4% annually in nominal terms and decreased by 2.6% in real terms. www.61saat.com · www.haberankara.com · www.haber3.com · www.haber61.net · www.baskentgazete.com.tr · +3 more
[● 11 SOURCES] The Housing Price Index (KFE) increased by 1.5% month-on-month in July 2026, reaching 234.8. www.61saat.com · www.haberankara.com · www.haber3.com · www.haber61.net · www.baskentgazete.com.tr · +3 more
[● 11 SOURCES] The Housing Price Index saw a 25% nominal annual increase but a 5.1% real decrease. www.61saat.com · www.haberankara.com · www.haber3.com · www.haber61.net · www.baskentgazete.com.tr · +3 more
[● 12 SOURCES] In July, housing prices rose by 2.7% in Istanbul and 2.2% in Ankara, while İzmir saw a 0.5% decrease. www.61saat.com · www.haberankara.com · www.haber3.com · www.haber61.net · www.sozcu.com.tr · +4 more
[○ 1 SOURCE] In July, consumer prices rose 1.78% monthly, with annual inflation reaching 31.75%. dokuzeylul.com
[DISPUTED] The Central Bank's updated 2026 year-end inflation target is 28%. www.gazeteabc.com · dokuzeylul.com
[● 10 SOURCES] Total card payments in Turkey reached 2.97 trillion TL in July, a 37% annual increase. acikgazete.com · www.aydinses.com · www.ekonomist.com.tr · www.bursahakimiyet.com.tr · www.dunya.com · +4 more
[● 7 SOURCES] Internet card payments reached 908.9 billion TL, a 34% annual increase. acikgazete.com · www.aydinses.com · www.wanhaber.com · www.ekonomist.com.tr · www.ticarihayat.com · +2 more
[● 7 SOURCES] Contactless payment amount increased by 44% to 1.015 trillion TL. acikgazete.com · www.aydinses.com · www.wanhaber.com · www.ekonomist.com.tr · www.ticarihayat.com · +2 more