Turkey is hotspot for price growth

Yorkshire Post - Property - - PROPERTY -

TURKEY continues to oc­cupy top spot in Europe for property price growth, ac­cord­ing to sev­eral mar­ket anal­y­sis re­ports.

Adil Ya­man, di­rec­tor of Is­tan­bul property firm Univer­sal21, says: “Last year was one of our most suc­cess­ful years to date as we ex­pe­ri­enced a surge in de­mand for Is­tan­bul property. Much of this de­mand came from the UK and the Mid­dle East and the lift­ing of re­stric­tions on for­eign own­er­ship has cer­tainly helped us with property sales.”

The aver­age price of res­i­den­tial property rose by 12.5 per cent in 2013 ac­cord­ing to the lat­est re­port by Knight Frank. At city level the largest in­crease in property prices was seen in Is­tan­bul, at 17.06 per­cent, An­a­lysts pre­dict more dou­ble-digit growth in 2014.

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