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Apartments in Istanbul increased by 22.7 percent in a year

 

The common housing value per sq. meter in Istanbul has elevated (from the top of August 2019 to the top of August 2020) by greater than 1,000 TL over the yr. These figures have been print by Emlak Kulisi, the development and actual property newspaper in Turkey.

The property costs progress stats for flats in Istanbul are as follows: in September 2018, the typical value per sq. meter was 5,123 TL (about €550). Then, till April 2019, there was a lower in property costs in Turkey, throughout which the typical value per sq. meter dropped to 4,623 TL (about €495). Since Might 2019, costs for Turkish housing have been rising for 17 months in a row, on the finish of August 2020, the typical value per sq. meter in Istanbul was already 5,767 TL (about €615). Thus, in 8 months a sq. meter of Istanbul housing has risen in worth by 828 TL (about €89) or 16.8 p.c. The annual improve in costs (from August 2019 to August 2020) amounted to 1,069 TL per meter (about €114) or 22.7 p.c.

 

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