The cost of buying a home in Turkey and rental charges have both increased in April.
According to the latest figures from REIDIN, the value of Turkish residential properties climbed by 0,86% in April, compared to a month earlier, while rents jumped by 1,02%.
The biggest rise in sales prices was recorded in Istanbul and Ankara, with both destinations experiencing appreciation of 0,96%.
Istanbul was also the most robust rental market, with the cost of leasing a home in the city increasing by 1,18%. Meanwhile, Izmir posted strong growth of 1,12% last month.
Year-on-year, the value of Turkish real estate is up by 11,93%, this new data revealed.
There are also hopes the country's property sector could be boosted further by the introduction of new legislation that will open up the market to a greater range of overseas buyers.
If approved, the draft law will allow foreigners to buy larger plots.
Source: http://www.propertyshowrooms.com/turkey/property/news/turkish-rents-property-prices-up_312132.html