Turkish Statistical Institute (TUIK) announced growth figures for the first quarter of 2017. Accordingly, in the first three months of this year, Turkey’s economy grew by 5.00 percent.

While the industrial sector grew by 5.3 percent, the growth rate in the construction sector was 3.7 percent.

turkey real estate sector

The rate was 4.5 percent in the same period of last year, while it was 2.9 percent in 2016. Dollar prices, which were trading at the 3.5320 level before the critical growth rate, declined to 3.5250 after the data was released.


Turkey Ranks 5th in Property Price Increase Click Here For Read All

The results of Knight Frank’s “Global House Price Index” study have been announced.

The countries where property proices have increased the most in order are:

Iceland (17.8 percent), Hong Kong (14.4 percent), New Zealand (13.8 percent), Canada (13.5 percent), Turkey (13.3 percent), Malta (12.6 per cent), Czech Republic (11.5 per cent), Estonia (10.7 per cent) and Hungary (10.5 per cent).

According to the survey, in the world as a whole, the average annual increase in housing prices in this period was recorded as 6.5 percent…

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