News alert: Turkish real estate value continues to rise
17 Aug 2012
Residential property prices in Turkey rose by 2.33% in July, according to Property Show Rooms.
On a year-on-year basis price growth is now at 12.41% nationally, with key locations including Istanbul, Izmir and Antalya seeing prices rise even beyond this average.
In Izmir property value has risen by 16.57% year-on-year, with further rises of 13.72% in Istanbul and 12.66% in Antalya.
Amongst the reasons cited for Turkey’s sustained growth in real estate value is its recent changes in property ownership laws that allowed more overseas investors into the market.