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Turkish Real Estate Price Index, Highest Growth in Europe
Turkish Residential Real Estate Price Index has the highest growth in Europe with 18,5 % when global house prices shifted in the year to June 2015 rising by only 0.1%.
The Knight Frank Global House Price Index established in 2006 allows investors and developers to monitor and compare the performance of mainstream residential markets around the world. The index is compiled on a quarterly basis using official government statistics or central bank data where available. The index’s overall performance is weighted by GDP and the latest quarter’s data is provisional pending the release of all the countries’ results.
Europe is no longer the weakest-performing world region, a title it has held for 15 consecutive quarters. On average prices across Europe increased by 2.8% year-on year with Turkey, Estonia, Luxembourg and Ireland all achieving double-digit annual price growth.
Some of the countries to be noted in world ranking they are the nearest competitors of Turkey in second home market:
2- Turkey 18.5%,
33- Portugal 2.4%
35- Bulgaria 2.2%
42- Spain -0.1%
47- France -2.3%
50- Italy -3.4%
53- Greece -5.9%
54- Cyprus -6.5%
56- Dubai -12.2%
The complete reports are viewable on the following links:
RESIDENTIAL RESEARCH GLOBAL HOUSE PRICE INDEX Q1, 2015:
RESIDENTIAL RESEARCH GLOBAL HOUSE PRICE INDEX Q2, 2015: