Economics
Istanbul Favorite European City for Property, PwC Survey Says
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Istanbul is the best place in Europe to buy or develop property as Turkey’s economic growth contrasts with declines across much of the region, a survey of 600 real estate professionals by PricewaterhouseCoopers LLP showed.
Turkey’s largest city was first among 27 European cities in terms of where respondents are likely to make purchases, the survey showed. It was fifth last year. Istanbul was also first for the best development prospects and second after Munich for returns from existing properties.