According to Knight Frank Global House Price Index 2015, Turkey holds first place among 55 countries on the fastest house price rising. About 22% increasement in the real estate prices made Istanbul the leader of the housing price on global stage. Top performing province Istanbul has done 7.493 sales in 2015. This enormous leaping in last 10 years, has several reasons to remain its rising potential. Urban transformation with Reciprocity Law provided Turkey a huge capacity of foreign buyers on the real estate sector. 3 million Syrian refugees and some Arabian countries rush into Turkey. It has several advantages for them due to seasonal demands, cultural closeness and Turkish lira currencies.
On this period, Istanbul is the most desirable place with its significant location, job and education opportunities and cultural heritage. Eventually, demand in Istanbul created more comprehensive construction project opportunities, but the crowdedness of the population makes it harder day by day. Therefore, while some region reaches the maximum capacity and mark up the price with itself immediately; some regions still head an average house prices and waiting for further constructions. Here you are, you can check out some regions with average sold house prices and the percentage of the price change in last 10 years;