The Global Residential Cities Index by Knight and Frank tracks the movement in average residential prices across 150 cities worldwide. According to the Q1 2018 results, the index rose by 4% in the year to March 2018, down from 6.4% a year ago.
Three Turkish cities are listed in this index with good appreciation rates. The residential prices increased in Izmir, Turkey with 16.5% in 12 months, making Izmir the second best profitable city after the Indian city of Surat.
Taking into account that the average increase was 4% in 150 global cities, and the prices in Dubai and Abu Dabi has decreased by 4.8% and 7.2% respectively, Izmir, Turkey is definitely one of the best places to invest real estate.
The increase rates in Ankara and Istanbul were 5.6% and 3.8% respectively. The increase in Ankara is over the global average, where the increase in Istanbul is almost the same with that of the average.
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