Turkish house prices and rents were both on the up last month, according to the latest figures.
Property values climbed by 10.76 per cent compared to 2011, REIDIN's new report reveals, with Izmir leading the way with a 14.66 per cent annual price hike. Istanbul also performed strongly, with values of real estate increasing by 12.29 per cent.
Both cities also posted increases in rents, adds Property Showrooms, with rates climbing by 13.79 per cent and 11.38 per cent respectively. Indeed, rents rose by 10.34 per cent year-on-year across the country and were 1 per cent higher than May.
The positive growth follows news that demand is also increasing. Tim Morgan, director of Emerging Real Estate, recently announced that the agent had witnessed rising interest from both international and local investors.
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