Canakkale Bridge flies real estate prices
The 1915 Canakkale Bridge and motorway project, which was built in the Çanakkale Strait and will be opened on March 18, 2022, will connect European and Asian continents and make the city more accessible. Located in Istanbul, Izmir and Bursa triangle, Canakkale has become an important attraction with ease of accessibility to large cities along with the bridge. This situation was also reflected in real estate prices. Annual value increase in Çanakkale was 32% for dwellings, 38% for plots and 37% for plots.

The 1915 Canakkale Bridge, which was scheduled to be opened on March 18, 2022, increased real estate values in the region. Once completed, it will operate as part of Kınalsi-Tekirdag-Çanakkale-Balıkesir Highway, which is partially constructed and will be the title of the longest suspension bridge in the world and transport of the region with the bridge it's getting very easy.

 

According to the data of the Next Generation Real Estate Valuation and Location Analysis Platform Indexsa.com, annual value increase in Çanakkale is 32% for residential buildings, 38% for plots and 37% for plots While the average housing sales price across Çanakkale was 3 thousand 866 TL, and the average housing price was 429 thousand 126 TL. The bridge between Lapseki and Gelibolu districts also increased real estate values in these two districts. Annual value increase in housing prices in Lapseki is 37%, average square meter sales price 3 thousand 206 TL, average housing price 380 thousand 875 TL. In Gallipoli, the annual value increase in housing prices is 34%, average sales price of 3 thousand 116 TL, average housing price 362 thousand 040 TL.

 

According to the data of Indexsa.com, the average price of square meters of residential buildings in Çanakkale is 798 TL. Land prices increased by 31% in Lapseki in the last 1 year and 23% in Gallipoli. The sale price of square meters of land is 842 TL in Lapseki and 517 TL in Gallipoli. The average price of square meters of land in Çanakkale is 56 TL. Land prices have increased 31% in Lapseki and 11% in Gallipoli over the past 1 year. The sale price of square meters of land is 83 TL in Lapseki and 31 TL in Gallipoli.

Housing sales prices and value change in Çanakkale districts

Districts

Square Meter Sale Price (TL/m2)

Sales Price (TL)

Annual Value Change (%)

Ayvacik

5.227

658.696

48.37

Bayramic

2.511

274.120

18,95

Biga

2.928

284.200

28.42

Bozcaada

18.235

1.987.920

37.67

Eceabat

3.526

448.890

31.27

Ezine

4.084

517.440

44.67

Gallipoli

3.116

362.040

33.56

Gokceada

5.797

439.872

54.05

Lapseki

3.206

380.875

37.01

Centrum

4.028

427.680

31.03

Yenice

2.940

376.515

40

Bell

2.591

278.740

27,82

Land prices in Çanakkale districts

Districts

Average Square Meter Price (TL/m2)

Ayvacik

854

Bayramic

479

Biga

721

Bozcaada

620

Eceabat

1.238

Ezine

914

Gallipoli

517

Gokceada

791

Lapseki

842

Centrum

2.105

Bell

317

Land prices in Çanakkale districts

Districts

Average Square Meter Price (TL/m2)

Ayvacik

75

Bayramic

26

Biga

29

Bozcaada

142

Ezine

55

Gallipoli

31

Gokceada

95

Lapseki

83

Centrum

56

Yenice

21

Bell

27