Property costs globally saw a year-on-year growth of 3.6%, according to consultancy Knight Frank Property prices in Türkiye saw a year-on-year increase of 132% in the first quarter of 2023, according to the Global House Price Index released by real estate consultancy Knight Frank. House prices in Ankara, Izmir, and Istanbul grew by 135.3%, 133%, and 127.3% respectively, marking the biggest increases across the country. The sharp jump in property prices was recorded after a series of powerful earthquakes struck the Turkish-Syrian border region in February, killing more than 51,000 people in Türkiye alone. Ankar
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