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Strong growth in Turkish property market

Posted on 09 April 2013

Turkish property is experiencing strong growth, after years of lacklustre performances, according to the Global Property Guide. Data from REIDIN has shown that in the year to January 2013, nationwide residential sales prices for existing homes increased by 17.1 per cent. When adjusted for inflation, this figure stands at 9.13 per cent.
REIDIN’s Turkey residential property price indices is calculated on a monthly basis, covering seven major cities, 71 districts and 481 sub-districts, painting an accurate picture of market conditions. While new home values only increased by 1.8 per cent when adjusted for inflation in the year to January, it is clear that growth isn’t as slow paced in the existing homes sector………………………………………..Full Article: Source


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