Turkish property prices continue to rise
According to the latest property price index conducted by REIDIN, prices in Turkey have risen for yet another month. Average house prices in Turkey increased by 0.81% from September to October, meaning the annual increase of property price in Turkey has now reached 6.77%.
There is further good news for those who have invested in Turkish property as average rental rates have also increased. Average rental values jumped by a staggering 1.07% in just one month according to REIDIN’s findings, which is all the more impressive given the time of year.
While average prices and rental rates have increased significantly across the board, some regions have excelled. Istanbul for instance boasts one of the fastest growing real-estate markets in the world. From September to October, Istanbul property prices increased by 0.88%, while rental rates increased 1.26%.