Istanbul extends its rapid growth

Istanbul extends its rapid growth

The price tag on the property in Istanbul continues to grow: in July 2014 by 21.59% y-o-y, reports ee24.ru citing Antalya Today and the company Reidin. Housing in the largest city of Turkey has grown by 1.8% in the monthly calculation.

Istanbul shows the highest property prices growth in the Turkey, while Adana and Ankara are the 2nd and 3rd on the indicator: +1.34% and +0.9% respectively, compared with June 2014, and 12.41% and 21.1% y-o-y.

The less data is in the areas of Kocaeli and Bursa, where property prices rose by 8.01% and 9.03% y-o-y in July 2014.

The real estate in Turkey has risen in price by 11% over the year. In this case, the number of sales decreased by 7.8% in the first half of 2014.