In the second quarter of 2016 property prices grew up the fastest in Turkey

Sept. 24, 2016

In the second quarter of 2016 property prices grew up the fastest in Turkey

According to Knight Frank, in the second quarter of 2016 the prices of residential properties were the fastest growing in Turkey (+13.9%). However, the pace of development of the Turkish market decreased - in the first quarter the cost per square meter in Turkey rose slightly higher - 19%.

In addition to Turkey the top ten of the world ranking includes the following European countries: Sweden (5th place, 8,9%), Malta (6th place, 8,8%), Austria (7th place, 8.1%), Iceland (8th, 8,1%), Germany (10th,7,9%). It is important to note that in Sweden the growth has also slowed - in the first quarter of 2016 prices increased by 13%.


UK with a result of 5.2% is on 24th place, Denmark and Belgium are located on the 31st and 32nd positions. The smallest positive growth in prices shown in Croatia (0.2%).


Of the 55 reviewed countries, 11 had a decline in the cost of housing. For example, apartments and houses in Italy fell by 1.2%, in Greece by 2.9%, in Cyprus – by 1.6%.

Based on the materials of iexpats.com

Photocredit Depositphotos.com