Sales transactions of residential property in Turkey increased by 0.89% during December 2011, according to recent data from the REIDIN Home Price Index.

The majority of regions in Turkey saw an increase, with prices up by 1.08% in Istanbul, 0.93% in Adana, 0.55% in Ankara, 1.27% in Antalya and 1.14% in Izmir, however prices fell by 0.11% in Bursa but remained steady in Kocaeli.

Rents meanwhile also increased across Turkey during December 2011 with a 0.7% improvement. In Istanbul itself rental prices went up by 1.09% followed by gains in most areas including a 1.54% increase in Adana, 1.69% in Antalya, 0.39% in Izmir and 0.45% in Kocaeli. Not everywhere saw a rise as Bursa again saw a decline at 0.65% whilst in Ankara prices remained constant.