Turkey’s land prices are increasing

The rate of buying property in Turkey is increasing steadily according to the latest figures from the ReidIn Turkey Residential Property Price Index. And property hunters are also searching for bigger properties.

Sale prices increased by 0.83% across Turkey generally, rising by 1.05% in Istanbul, 0.84% in Izmir and 1.02% in Kocaeli throughout July 2011. There were also rises of 0.32% in Adana, 1.02% in Ankara, 0.64% in Antalya and 0.66% in Bursa.

Turkey Property

Rental costs are also on the up, increasing by 0.36% in Turkey generally.

The information also brought out the popularity of new builds, which are particularly in vogue with those from overseas and second home owners. The numbers buying new homes increased by 1.2% from June to July and are now 7.29% higher than this time last year.

The numbers looking for larger properties also greater than before, it has been reported. For example, there was a 0.65% increase in those looking for 126 to 150 square metre properties, and a 1.16% increase in those hunting for 151 square metres and above.

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