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Rise in the Real Estate Prices in Turkey During March 2017

The real estate prices index rose by 0.23 percent in one month and by 2.36 percent compared to last year...

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2017-04-21 Last update 2020-02-13

Rise in the Real Estate Prices in Turkey During March 2017

The real estate prices index rose by 0.23 percent in one month and by 2.36 percent compared to last year, according to a report by real estate investment firm Ryden Giodar. And that the rate of rise compared to the same period of 2010 has reached more than 73.70 percent.

The mega real estate projects in March in the European part of Istanbul have witnessed an increase of 0.06 percent and in the Asian part 0.28 percent. The increase in the Asian part compared to the European part was more than 9.9 percent since the beginning of the stage.

The month of March witnessed a high demand by foreign investors for the real estate ownership, as the purchase rates in this month reached a percentage exceeding the purchase rates for the last six months, where the projects witnessed a big turnout by the foreign investor and reached the purchase rates of more than 10 percent of Total apartments sold in the markets during this period.

A survey of 68 Turkish cities was conducted by Ryden Giodar to determine the rate of increase in the real estate prices. The survey showed that Bursa had the highest rate of increase in real estate prices.

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