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Real estate prices are rising

Property prices across Turkey are rising rapidly. According to the Central Bank (CBRT), property prices in Turkey rose by an average of 30 percent from June 2021. Many industry representatives point out that the increase in real estate prices is between 30 and 70 percent annually. In some regions this increase reaches 100 percent. At this point, prices for new apartments in Istanbul have changed depending on the district, but have exceeded TL 1 million.