Turkey is among the top ten in the world in increasing the investment value of apartments

2022-01-06

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Turkey is among the top ten in the world in increasing the investment value of apartments

Imtilak Real Estate has monitored for you the report prepared by Knight Frank International Real Estate Agency, related to the rates of rising in the prices of apartments around the world, where 3 Turkish states entered the list of the top ten cities in the world in the increase in the prices of apartments in them, which encouraged foreign businessmen to invest in Turkey.

Three Turkish cities are among the top ten cities in the world in increasing the investment value of their apartments

In a report prepared by Knight Frank, the global real estate agency, on the rates of rising in the prices of apartments around the world, three Turkish cities were among the top ten cities in the increase in the prices of their apartments.

The mentioned study included 55 countries and 150 cities around the world, and these countries and cities were classified according to the annual increase in the prices of apartments in them, during a period of one year between the second quarter of this year and the previous year.

Izmir ranks second

According to the data of the aforementioned report, Turkish, Canadian, American, and Russian cities emerged in the list of the ten cities that ranked first in the annual increase in apartment prices, during a year between the second quarter of 2020 and the second quarter of 2021.

In the classification, the Canadian city of Halifax ranked first among the world's cities, in the annual increase in the prices of its apartments, as the rate of increase in the prices of apartments for this city during the mentioned period reached 30.8%.

While the second rank in the world was the Turkish city of Izmir, which had an annual increase in the prices of its apartments by 30% during the mentioned period.

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Istanbul ranks ninth and Ankara ranks tenth

In the list of the top ten cities, according to the data of the aforementioned report, Istanbul ranked ninth in the world with an annual increase in the prices of its apartments, which amounted to 26.4% during the mentioned period.

The Turkish capital, Ankara, ranked tenth, with an annual increase in the prices of its apartments, which amounted to 25.8% during the mentioned period, and the numbers of increases in the ten cities that occupied the first ranks were as follows:

Rank

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City

Country

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Annual increase in apartment prices

1

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Halifax

Canada

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30.8%

2

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Izmir

Turkey

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30%

3

Seoul

South Korea

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30%

4

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Phoenix

USA

29.3%

5

Moscow

Russia

28.8%

6

Hamilton

Canada

28%

7

San Diego

USA

27.1%

8

Saint Petersburg

Russia

26.7% 

9

Istanbul

Turkey

26.4%

10

Ankara

Turkey

25.8%

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Eleven cities have witnessed apartment prices drop

According to the Knight Frank report, 11 cities around the world witnessed a decrease in the prices of their apartments, and most of these cities were in Italy, and the most prominent of these Italian cities was Venice, which witnessed a decrease in the prices of its apartments by 6.3%, during a year between the second quarter of 2020 and the second quarter of this year.

Dubai, in the United Arab Emirates, was one of the cities that witnessed a decrease in the prices of its apartments, at a rate of 4.4% during the mentioned period.

Edited by Imtilak Real Estate ©

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