Istanbul property market recovers as rents stabilize

On April 11, real estate experts announced that market instability caused by the global recession appeared to be over. Realtor Engin Kevenk cited December to March as a particular low point due to fears of the Greek crisis spreading, but that he expected sales to normalize in the spring and increase in the fall. Other realtors have said “The future is looking good. We feel optimistic that the market is healing.”

The revival of the Istanbul property market will be another indication of Turkey’s successful recovery from the global recession. 

Source: Hurriyet Daily

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