Turkey's top cities globally in increasing investment value

Turkey's cities are holding the lead in their investment value growth during the last quarter of 2020, despite the Coronavirus pandemic, outperforming the world's most important capitals.

Turkey's top cities globally in increasing investment value
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2021-04-15 Last update 2021-04-30

Turkey's top cities globally in increasing investment value

The Turkish real estate sector continues to make its way to global leadership at a confident pace through record-breaking growth in demand and higher investment value. Both in the internal and external market, which has been accompanied by a significant development in Turkish real estate at various levels. That has brought it to the attention of many investors around the world, in particular, Turkey's major strategic and tourism cities; Istanbul, Ankara, Izmir and Antalya.

Reports and studies, both local and global, have shown a significant increase in the demand for Turkish real estate, particularly apartments. This, in turn, led to a steady rise in its investment values, peaking in recent years, and not even when the Coronavirus pandemic changed the face of the global economy.

Turkey's cities are leading globally

According to a study by British real estate consultancy Knight Frank,  three Turkish cities topped the list of major cities in the world, in terms of increasing the investment value of their apartments during the last quarter of last year, with 150 cities around the world.

In detail, the Turkish capital Ankara ranked first among the cities surveyed in terms of increasing the investment value of its apartments during the last quarter of 2020, an increase of 30%. Followed in second place by the city of Izmir with a 29.4% increase in the investment value of its apartments. Istanbul apartments ranked third with a 27.9% increase in value over the last quarter of 2020.

Rank
City
Rate of increase
1
Ankara
30%
2
Izmir
29.4%
3
Istanbul
27.9%

Turkey's cities

An overview of the global market

The above-mentioned group of Turkish cities was followed by a number of Russian cities, with St. Peter's Burg being the first Russian city to be studied, with an increase of 25.4%, followed by Moscow with 21%. The Asian real estate market also featured Seoul in South Korea, an increase of 22.3%.

The study also covered several major cities in the United States of America, topped by Boston with an 11.4% increase in the investment value of its apartments during the last quarter of last year. Washington was second, with an increase of 10.3%, and Los Angeles was third, with an increase of 9.9%. The information of the American cities included in the survey was as follows.

Rank
City
Rate of increase
1
Boston
11.4%
2
Washington
10.3%
3
Los Angeles
9.9%
4
New York
9.8%
5
Miami
9.2%
6
San Francisco
8.7%

As for changes in investment value in European capitals, three of the European capitals studied saw an increase in the value of their apartments during the last quarter of 2020 which are: Paris, the capital of France, was 7.7%, and Berlin the capital of Germany, 4.5%. And London, an increase of 4.3%, while Lisbon, the capital of Portugal, witnessed a decrease of 0.9%, as well as Madrid, the infallibility of Spain, a decrease of 3.7%.

 

Edited by Imtilak Real Estate©

Reference: Emlak Kulisi

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