Property Prices in Turkey – 65% increase in 4 years !!!
A recent report by Knight Frank shows that property prices in Turkey have increased by 65.6% in just the last four years.
The country with the second highest growth rate was Ireland, where the cost of an average home has increased by 34.3% since 2012.
By contrast, prices in France are 6% lower than they were in 2012, with prices in Ukraine decreasing by 22%.
According to the report, the growth in the Turkish property market has been largely driven by increased mortgage lending, growing urban populations and sound economic growth.