- Jan 10, 2020
- Reading time: 2 minutes
Domestic car production will increase housing prices in Gemlik
Görkem Öğüt, Co-Founder and CEO of technology-oriented real estate valuation platform Indexa.com, evaluated the real estate market in Gemlik, where the domestic car production facility will be established. The factory, which will employ about 4,500 people and create significant economic mobility in the region, will increase existing real estate prices, he said.
Index Co-Founder and CEO Görkem Öğüt, Turkey's Automobile Enterprise Group (TOGG) domestic car will cost 22 billion TL, approximately 4 thousand 500 people will provide employment factory will be established in The Gemlik district of Bursa related to the announcement assessed the housing market in the region. Starting mass production in 2021, the first half of 2022 is targeted to hit the roads in the first half of the domestic car production in Gemlik announced that the district has already created mobility on housing and land prices in the region, indicating that the advice, the factory they predicted that house prices and rental prices would increase in the period until it came into effect.
AVERAGE SQUARE METER UNIT PRICE OF HOUSES 1.611 TL
According to Endeksaa.com, the average house prices in Gemlik district are TL 193,320. The average housing size is 120 square meters. The average sales price of the houses is 1.611 TL in the district, the return period of the housing investment is 20 years. The average marketing time for houses in Gemlik is 92 days.
2+1 DWELLINGS 156 TL
When we look at the distribution according to the type of housing, it is seen that 1+1's are 64 m2, 2+1's are 95 m2, 3+1's are 140 m2 and 4+1s are 200 m2. The average price of 1+1s with a unit m2 price of TL 1,954 in Gemlik is TL 125,056, 2+1s with a unit price of TL 1,646 are TL 156,370, 3+1s with a unit price of TL 1,556 are TL 217,840, 1,540 TL unit priced at TL 308,800. According to Endeksa.com data, the total return of house prices in Gemlik in the next 6 months will increase by 2.77% and will increase by 6.08%.
CURRENT SITUATION IN THE NEIGHBORHOODS OF GEMIK
The neighborhoods with the highest house prices in Gemlik are Karacaali, Leaded, Büyükkumla, Umurbey and Kumla, respectively. According to the current data of The Index, the sale price of the house square meter is TL 2,520 in Karacaeli, TL 2,421 in Leaded, TL 2,060 in Büyükkumla, TL 2,046 in Umurbey and TL 1,947 in Kumla.
When the value change is taken into account, the neighborhoods that have gained the most value in the last 1 month are Gencali, Umurbey, Büyükkumla, Ashraf Dincer and Jihadist respectively.