New Home Prices In Istanbul Have Risen By Nearly 8% In 12 Months New home prices in Istanbul, one of the key destinations for international property investors in recent years, have increased by an average 7.72% between October 2014 and October 2015. One of the big surprises to come out of Turkey was the recent election result which saw the re-election of the AKP party. Few people expected this result given the unrest in the summer but it at least brings some political continuity. Many foreign investors who have arrived on Turkey’s shores since the great property boom began will have breathed a heavy sigh of relief. It is largely through the encouragement of the present government, that investing in real estate in Turkey has become easier. This has helped transformed Turkey’s most famous city, Istanbul, into a magnet for investors. Those efforts to encourage investment haven’t always been popular with locals and this has led to mass protests from those who oppose the ongoing development of Istanbul.Yet this doesn’t appear to have put off investors. Another attraction for investors has been the generally lower prices of property compared to other European cities with a comparable historical heritage. While Istanbul does have its fair share of exclusive areas where properties are priced at £3million, it is still possible to buy properties in the less fashionable areas of Istanbul such as Esenyurt for less than £50,000. Istanbul has seen its fair share of glossy new high rise property developments in recent years as well as a few that have faced long delays to completion. The latter has meant disappointment and money lost for some investors.