Turkey is hotspot for price growth
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.