According to the report of UK based international real estate company Knight Frank, Turkey tops global house price index in 2015. UK based international real estate company Knight Frank has published a report that shows Turkey having the fastest rising housing prices in the world. According to the report, prices in Turkey are up 18,4% year over year. Knight Frank said: “Having an expanding population at a geography that connects the East and West, Turkey is considered more and more as a safe harbor by the Middle Eastern investors.” According to the report that examines 55 countries in the world, global overall housing prices increased 3% last year. This rate was 2,3% in 2014. Knight Frank estimates the global housing price increase to be lesser in 2016 as a result of different factors such as low oil prices, strong dollar and the recession in Chinese economy.