Founder and CEO of Turkey’s on-line actual property appraisal platform Endeksacom Görkem Ogüt analyzed. The world rating of actual property value progress charges. In accordance with the world actual property market index. Print by the British firm Knight Frank. The TOP-150 cities the place housing is changing into costlier have been head by three Turkish cities. Izmir took the primary place on the earth rating (28.1 p.c of progress in home costs for the yr). In second place – Ankara (26.4 p.c progress), third place was taken by Istanbul (20.2 p.c progress).
Görkem Ogüt:
“Though the very best progress in property costs in Turkey was record by worldwide specialists in Izmir, in actuality, a lot larger progress charges (by 39-50 p.c) have been notice within the provinces of Mugla, Antalya, Diyarbakir and Gaziantep. So it seems that as we speak Turkey is way forward of different international locations by way of actual property costs progress. Nonetheless, for a very long time we have been on the backside of the world’s actual property scores.
There was a downward development in costs within the Turkish actual property market since 2018, however the latest mortgage marketing campaign with file low rates of interest has stopped this decline – over the previous yr, house costs in Turkey have already elevated by 25.8 p.c. In some provinces, the precise progress charges of property costs are nicely above this common. For instance, in Mugla, housing costs elevated by 40.56 p.c, in Antalya – by 39.72 p.c. We additionally count on that costs will proceed to rise pushed by a lower in shares of latest houses on the market in addition to elevated development prices. New flats, that are costlier by way of prime value, are already coming into the market, so the rise in costs will proceed.”
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