Real Estate Prices Increased By 16 Percent in 2014
At 20.09 percent, 2014 experienced the highest increase in real estate prices in Istanbul, according to the January 2015 Turkey composite real estate sale price index of Reidin.com and GYODER. A study for new houses and sublets took place in Adana, Ankara, Antalya, Bursa, Istanbul, İzmir and Kocaeli, the findings of which indicated the real estate price index increased by 0.85 percent when compared to last month and by 16.27 percent when compared to the same term in the previous year. While the highest price increase was observed in Istanbul, the lowest price increase was recorded in the province of Bursa with a 6.66 percent increase. According to the Reidin-GYODER new real estate price index, the prices of newly built apartments increased by 0.98 percent in January when compared to the previous month and by 6.14 percent when compared to the same period of the previous year.