House prices across the 55 housing markets tracked by our Global House Price Index grew by 3.4% on average in the 12 months to March 2016. Delving deeper into the statistics we see that a number of the top performing markets are starting to cool. Turkey, which leads the annual rankings for the fourth consecutive quarter, has seen its rate of annual growth decline from 18% last quarter to 15%. Security concerns, Russian sanctions and mounting pressures on the lira are curtailing investment despite high demand and low supply characterising the wider property market.
Source : Knight Frank