Turkey leads in housing price growth

According to Knight Frank, Turkey ranks first in the world in real estate price growth in the first quarter of 2022. The analytical review examines data from 56 countries. The rate of cost increase in the first quarter of 2022 reached 110%. The Czech Republic (25.9%) and Slovakia (22.1%) are in second and third places after Turkey. The gap is significant. Experts note that in many respects such a jump was caused by inflation. Taking into account the depreciation of the Turkish lira, the real increase in the value of real estate was 30.3%, which is significantly higher than in other countries. The highest price jump was recorded in Antalya, it reached 180.3%. Istanbul's indicators are slightly lower, they are 165.4%.