- Jul 30, 2018
- Reading time: 2 minutes
The five cities of Turkey, which are winning in housing investment
Technology-oriented real estate valuation platform according to the current data of the indices in Turkey, the largest increase in housing prices in the provinces, Çanakkale, Kırklareli, Ordu, Sakarya and Aydın respectively. During the last 4 years, housing prices were 97% in Çanakkale, 95% in Kırklareli and Ordu, and 88% in Sakarya and Aydın.
Due to the improved industry and tourism sector, real estate prices have increased significantly for the last 3-4 years in Çanakkale, which is one of the provinces of immigration. The region is expected to attract more investments in the future, with the bridge coming to life, with new roads, connecting roads and exit points in close proximity to the bridge.
According to the data of the Endeksa in the last 4 years, the largest increase in housing prices throughout Turkey is Çanakkale. The last 4-year increase in housing prices in Çanakkale is 97%. In the province where the average residential square meter sales price is 2,240 tl, the average housing price is 235,000 TL, and the return time of the housing investment is 23 years. The Endeksa predicts an increase of 1.53% in Çanakkale housing prices in the next 6 months.
95% increase in Kırklareli and Ordu
The most significant increase in the prices of housing sales after Çanakkale is Kırklareli and Ordu. The last 4-year increase in housing prices in both provinces is 95%. Kırklareli has recently come forward with transportation and investment projects. Transportation projects such as the airport, Istanbul-Edirne high-speed train project between Edirne and Kırklareli increase the real estate prices in the region. According to the Endeksa.com data, the sale price of residential square meters in Kırklareli is 1,617 tl, the housing price is 190,806 TL, the return time of the housing investment is 21 years.
The military's metropolitan, the establishment of Ordu University and the investment projects such as Ordu-Giresun Airport's service, housing prices in the city in the four-year period has doubled approximately. According to the Endeksa data, the average residential square meter sales price is 1,704 TL, the average housing price is 224,928 TL, the return time of the housing investment is 25 years.
88% increase in Sakarya and Aydın
As in the past years, Sakarya and Aydın were among the most preferred provinces of foreign investors in 2018. Emerging economies, natural beauties and ease of transportation, these provinces are among the top five cities with the highest increase in housing prices. According to the Endeksa data, the housing prices in Sakarya and Aydın increased by 88% in the last 4 years.
According to the Endeksa, the average house sales price in Sakarya is 1,704 tl, the average house sales price is 195,960 TL, the return time of the housing investment is 21 years. In Aydın, the average residential square meter sales price is 1,928 tl, the average house price is 231,360 TL, the return time of the housing investment is 22 years.