Turkey's real estate is the world's highest with an increase in prices by 29.2%

Turkish real estate records the highest increase in its prices at the global level, with an increase of 29.2 percent, according to a study by Knight Frank Real Estate Consulting.

Turkey's real estate is the world's highest with an increase in prices by 29.2%
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2021-09-16 Last update 2021-09-21

Turkey's real estate is the world's highest with an increase in prices by 29.2%

Many cities and countries around the world are witnessing a clear increase in the prices of their real estate in the current period, affected by many factors, the most important of which are the regressive effects of the global Covid-19 pandemic, which has affected its results on real estate prices in Turkey and dozens of countries around the world.

In this context, Knight Frank, an independent real estate consultancy, issued its annual study on the global price index to track the performance of (55) major real estate markets around the world, based on official data issued by central banks and national statistical offices in these countries.

The results of the aforementioned report came to confirm the extension of the side effects caused by the Corona epidemic on the real estate sector, through the continuation of the housing boom that affected population movements before and during the Covid-19 pandemic, and a transition to the current stage.

As of June 2021, real estate prices have risen by 9.2% annually across 55 countries and regions around the world.

While the average annual rate of increase in 10 of the economies of developed countries to 12%.

Turkey's residential real estate is at the top of the world ranking

Based on the aforementioned study, Turkey's real estate topped the highest percentage of price increases at the global level according to the annual arrangement, reaching 29.2%, in a clear indication of the recovery of the Turkish real estate market at the current stage.

مجمع أتاكوي بالإنجليزي مجمع أتاكوي بالإنجليزي

The list of States surveyed also included a group of States with important economies, such as:

  • New Zealand's 25.9% annual rise in real estate prices
  • In addition, the United States of America had an increase of 18.6%.
  • Then Australia with 16.4%
  • After that, Canada increased by 16%.
  • Russia, an increase of 14.4%.

 

Edited by Imtilak Real Estate©

Reference: CNN

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