According to the latest report of the Central Bank of Turkey, rising real estate prices in the country is much higher than the average rate of inflation, according to Property-abroad.com . During the period from February 2010 to February 2014 house prices rose by 80%, while the inflation rate rose to 33%. In February 2014, property prices in Istanbul rose to 20% compared with February last year, Ankara and Izmir - 15% and 14%, respectively. Over the four-year period the annual growth of the rental value amounted to about 7-8%. According to official statistics, the volume of mortgage loans decreased by 50% during the first four months of 2014. Property Sales in Istanbul decreased by 15% during this period. In Ankara, during the period from January to April, sales fell by 18%. HomesOverseas.ru
The growth of prices for real estate in Turkey exceeded the rate of inflation
23.06.2014
Homesoverseas.ru editorial office
19
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