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According to data from Index, an artificial intelligence-powered property valuation and sales platform, property prices in Turkey increased by 36% year-on-year in July 2024. However, the rate of growth is beginning to slow. Adjusted for inflation, in real terms house prices are down 18% year-on-year. Index CEO and co-founder Herkem Nazyut stated that nominal house price growth has reached the levels seen before the crisis and emphasised that it is an optimal time for cash buyers.
