Izmir new star of Turkey’s housing market amid Istanbul exodus – report

The city of Izmir is leading an increase in Turkish house prices as people migrate to the city from Istanbul and Ankara, Sabah newspaper reported on Tuesday.

Prices in the city rose three times faster than in Istanbul, where they climbed 6.3 percent, below the national average of 10 percent, Sabah said, citing central bank data. Three other regions around the Aegean – Aydin, Denizli and Mugla, have also seen big increases, it said.

Antalya, a traditional market for foreigners wishing to buy holiday homes, has seen an 8.4 percent increase, again below the national average. Few provinces in the southeast of the country saw price rises above the average, Sabah said.