Knight Frank the UK-based real estate firm, published on Saturday the World Real Estate Price Index in the fourth quarter of 2016. The list witnessed a "Chinese" exception in terms of ranking, with nine Chinese cities It was found that the average price of real estate in these cities increased by 23.7 percent, followed by the New Zealand capital Wellington.
The Turkish city Izmir occupied the third on the European level among the cities where the prices of real estate increased.
Istanbul has fallen in the global real estate price sequence from 17th to 31th place among 150 cities. Ankara has dropped 6 places to 43th, while Izmir has risen two places and ranked 20th on this list.
Oslo the First on the European Level
In Oslo, the capital of Norway, prices have risen sharply, making the city as the European leader, with 21.7% growth. Oslo was followed by the city of Budapest, where the price increase was 19% And the Turkish city of Izmir occupied the third on the European level among the cities where property prices increased in it significantly.