According to Knight Frank’s latest Global House Price Index, house prices in Turkey rose by 13.3% in the 12 month period Q1 2016 – Q1 2017.
This was the 5th highest % increase in all 55 countries tracked by the index.
Iceland, Hong Kong, New Zealand and Canada occupied the top 4 places, with increases ranging from 17.8% – 13.5%.
Interestingly, Turkey was the only European Zone ‘second home’ destination that posted an increase in excess of 10%, with Spain and Portugal sposting increases of 2.2% and 5.6% respectively. Cyprus and Greece were among the bottom 5 countries, with negative swings of -1.3% and -1.8%.