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Turkey: Home values on the up

Turkey: Home values on the up

Turkey: Home values on the upTurkish property prices continue to show they are on a steady growth curve again this month, with latest figures from the REIDIN price index showing 1.1 per cent growth nationally compared to May, and a 10.19 per cent growth on the year.

Regionally, Izmir and Antalya are demonstrating the biggest increases with Antalya at a 1.7 per cent climb on last month, and Izmir growing by 13.46 per cent in the last year.

Residential rental prices are also enjoying a healthy jump, appreciating 1.01 per cent nationally between April and May.

`This is yet more heartening news for overseas home investors looking to Turkey`, says Suleyman Akbay of Oceanwide Properties, a firm specialising in residential sales and lettings in Turkey.

`With property prices not determined by the fluctuating Euro, new property laws that have eased buying opportunities and of course the wonderful weather, now is the ideal time to snap up a second home or rental investment to take full advantage of the steady returns Turkey is able to offer.`

View our portfolio: Property for sale in Turkey | Property to let in Turkey

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