The property prices are rising 20% in Izmir

The biggest price rise in property is observed where the ranking of cities in the world is made.

Experts of the international consulting company compiled a report on the Global Residential Cities (GRCI), which recorded an increase in the cost of housing. 150 cities of the world made a presence in the report. The second place in the ranking after the Icelandic Reykjavik, is the Turkish city İzmir. The prices increased in Izmir 19.8% from the third quarter of 2016 to the third quartIr of 2017.

And also, for example, the capital city of Turkey, Ankara, occupied 36th position, the prices increased 7.6%. The prices grew even less in Istanbul with a 6 and a half percent.

Recall ; Izmir is the third largest city in Turkey, whose population is about three million people.

19.01.2018

May be interesting

News

GE starts wind blade production in new Turkish factory

LM Wind Power, a subsidiary of GE Renewable Energy, announced the start of production at its wind turbine blade factory in Turkey on July 13.

Australia commemorates 50th anniversary of diplomatic ties with Turkey

On the 50th anniversary of diplomatic ties between Australia and Turkey, Australian Immigration Minister Peter Dutton took time to express appreciation for the Turkish community.

Important news

All news

Tourism

FlyMe Helicopters from Alanya to Northern Cyprus

The first passengers were the Deputy Prime Minister and Minister of Tourism of Northern Cyprus, Fikri Ataoglu, as well as the Minister of Public Works and Transportation, Erhan Arıklı.

The Euro Became the Most Profitable Asset of March 2025

According to the results of March 2025, the most lucrative investment was the euro, with a return of 3.83%. According to analysts, gold yielded 2.9% for investors, while the BIST 100 index rose by 1.66%.

Forbes Publishes Updated List of the World's Richest People: Elon Musk Tops the Rankings Again

Forbes magazine has released its new list of billionaires, with the number of billionaires surpassing 3000 for the first time. The leaders of the list are well-known business tycoons and tech giants, including Elon Musk, Mark Zuckerberg, and Jeff Bezos.

A new phase of urban transformation has begun in Alanya

The municipality of Alanya has implemented important changes as part of the Şehirsel Dönüşüm program, aimed at improving the efficiency and transparency of urban modernization processes.