Turkish house prices rise
By Danny Bance

Turkish house prices rise

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There has been an increase in the value of residential property in Turkey, the latest REIDIN.com index has revealed.

According to the data, average house prices rose by 0.73 per cent in September, compared to the previous month, while rental values jumped by 0.90 per cent in the same period.

In terms of capital value growth, Izmir experienced the biggest hikes, with prices in the city increasing by 2.11 per cent.

Meanwhile, Istanbul, Ankara, Adana and Kocaeli also saw values rise, although none of these regions broke the one per cent mark.

It was a different story in Antalya and Bursa, where real estate values dropped last month.

However, both these areas recorded rental growth of one per cent and 0.65 per cent respectively. Istanbul came out on top in this category, seeing rents increase by 1.13 per cent.

Earlier this month, Assetz highlighted Turkey as a top spot for international investment, with chief executive of the company Stuart Law explaining that the country's property market is "underpinned by a strong economy with a growing tourism sector".
 

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