Euro rates
  • USD/RUB78.7526
  • GBP/RUB106.0031
  • TRY/RUB5.8104
  • EUR/RUB88.7384
Alanya
+9°C
647apartments on site

Turkey is one of the leading countries with the highest housing prices in their cities

  • 15.12.2021
  • 375
  • 0
  • 0
Turkey is one of the leading countries with the highest housing prices in their cities

Knight Frank published the results of research on real estate market trends for the first half of the year. The global price growth index is based on a study of 55 countries and 150 cities. As a result of information processing, it was found that 10 cities have the highest real estate value. The TOP includes the cities of Turkey, Russia, Canada, and the USA. Izmir ranks second in the list of leaders with an indicator of 30%. It lost to Canadian Halifax only 0.8%. Istanbul and Ankara rank ninth and tenth, with growth rates of 26.4% and 25.8%, respectively. This demonstrates the interest in Turkish real estate not only of locals but also of foreign nationals. The average cost of buying property from the latter has already reached almost $200,000.

Read also
  • The fall of the Turkish lira – foreigners actively buy housing
    The record devaluation of the Turkish national currency contributed to the sale of real estate to foreigners. In November, there were over 7,360 transactions, the highest figure for the month. The annual sales growth among foreign nationals exceeded 48%. This was the highest indicator not only for...
    21.12.2021
  • Turkish property prices are higher and higher
    This time, the price spike is not caused by demand but by the local currency situation. Turkey's economy is directly related to construction. Up to 6% of the total GDP is allocated to this area. Thus, economic growth depends on how quickly new property is built and how profitable it is to sell. The...
    07.12.2021
  • October showed leading results in real estate sales to foreigners
    For the first time in the last three years, the number of real estate deals in Turkey, which were concluded with foreigners, has reached a record level. According to Emlakkulisi portal, this number was 5,893 compared to 5,258 transactions in the current period of last year. In 2019, this figure...
    01.12.2021
Free consultation

Schedule a consultation with our real estate experts

Vildan van Welsen
Sales representative
+90 (530) 566 06 66
Turkish, English, Norwegian, Danish, Swedish