| Reforms to property laws, years of solid economic growth and political stability have combined to produce a real estate boom in Turkey. Buoyed by growing investor interest, which is particularly high in top-end developments, property prices in Turkey are rising rapidly, with luxury flats in Istanbul estimated to have more than doubled in value during the past eight years, surpassing $4500 per sq metre.
According to British real estate firm Knight Frank, Turkey recorded the third-highest property price growth rate in the world in the first six months of 2012, outpacing well-established hotspots such as Russia, which is a rising investment market, and Hong Kong, where supply is constrained by space...............................................Full Article: Source
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