Imtilak Properties
28-09-2016

In cooperation with the Turkish Labor Bank "Türkiye İş Bankası", REIDIN Foundation, which is competent in real estate analysis and research, published its August 2016 real estate index showing that property prices rose during August in Turkey by 0.33% compared with the previous month of this year, by 13.35% compared with the same month last year. This year, the highest rise was in August in the city of Balıkesir, which recorded a rise of 2.26% compared with last month, while the city of Giresun recorded the highest decline of property prices in the country during the considered month with a rate of 1.76%.

Concerning the property rental rates in the whole country during August, the index recorded a rise in rental rates by 0.71% compared with the previous month of this year, 14.52% compared with the same month last year, and the city of Bursa has the highest rise in the whole Turkey during the named month with a rate of 2.56%, while the city of Batman recorded the highest decline of rental prices with a rate of 1.80%.

According to the discussed index, 25% of the branded properties sales, which are located within the modern branded residential complexes, during August, are achieved for foreign investors; the rate of the branded properties sold to foreign investors during the last six months is 23% of the total sold branded properties, and 1+1 was the most preferred type to the foreign investors during the month of August.