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Weary Istanbulites flock to seaside Izmir

Tired of traffic, extreme concretization and decelerated social interaction, white-collar, educated Turkish people are abandoning Istanbul for Turkey’s Aegean coastal province of Izmir.
IZMIR, TURKEY - MAY 26: View of the city of Izmir on May 26, 2016 in Izmir, Turkey. NATO's Standing Maritime Group 2 including the German combat support ship "Bonn" is currently deployed in the region between the mainland of Greece and Turkey, and will conduct surveillance and monitor illegal crossings in the Aegean Sea. The number of attempts by refugees to reach the islands of Greece has dropped rapidly. (Photo by Alexander Koerner/Getty Images)

When a list of the world's cities with the most rapid property price increases in 2017 was released last month, it came as little surprise that trendy Berlin was on top.

A matter of intrigue, however, was the second name on the list: Izmir, Turkey's third largest city, where prices surged by 18.5% last year. Flanking the Aegean coast, the city itself and the greater Izmir province have witnessed an intense wave of internal migration over the past couple of years, spiking prices and increasing speculation.

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