The latest REIDIN GYODER property price index indicates an increase in average residential real estate prices across Turkey, with some regions experiencing more of a jolt than others. Istanbul led the pack with a 1.18% gain followed by Adana at 1.06% and 0.85% in Izmir. The overall increase was pegged at 0.95%, a 1.28% gain over the previous month and an 11.62% rally over last March. Gains broken down by property size showed that real estate built between 76 and100 square meters was most favored with a 1.32% rise in value. For more on this continue reading the following article from Property Wire.
National sales prices for existing residential property in Turkey increased by 0.95% in March, according to the latest data from the REIDIN GYODER home price index.
Regionally they increased 1.06% in Adana, 0.75% in Ankara, 0.49% in Antalya, 1.18% in Istanbul, 0.85% in Izmir and 0.33% in Kocaeli.
New home prices increased by 1.28% compared with the previous month and 11.62% higher than they were in March 2011.
Trademarked projects on the European side of Istanbul increased by 1.38% and on the Asian side of the city they were up 0.69%.
In terms of size of properties, those of between 51 and 75 square meters increased by 1.03%, those between 76 and 100 square meters increased by 1.32%, those between 101 and 125 square meters increased by 1%, those between 126 and 150 square meters increased by 1.21% and those at 151 square meters and over increased 1.14%, all compared with the previous month.
This article was republished with permission from Property Wire.