Investor's Eye In Canakkale, Prices Rising Quickly

Görkem Öğüt, Founder Partner and General Manager of Indeksa.com, stating that housing has attracted interest in the recent period especially under 1 million TL, said, “Those who want to evaluate the money in their hands are more affordable selects the land and fields as an investment tool. Since prices were high, the investor turned to the plots and fields. Canakkale is quite popular in the purchase of land at the moment, and prices are also rising rapidly. Residential land land across Canakkale increased by 49% in the last 1 year and 136% in 4 years. The annual increase in housing prices is 102% and 4-year increase at 197%,” he said.

The 1915 Canakkale Bridge, built in Canakkale Strait and will come into service on March 18, 2022, has increased interest in Canakkale, adding that “Due to the fluctuation in the currency investors see real estate as a safe port. In real estate, those priced below 1 million TL immediately find buyers. There is also housing in it. But rather there is demand for fields and plots. Since land prices were relatively high, there were those who went to the fields. Those who say, 'I'll live a hut on the field. ' At the same time, those who do not know what to do against the currency are those who shift their investments into these areas with the idea of 'Let me take a plot or field, albeit 300-400 thousand.

Canakkale, which is the reason for the new choice, is very interested in the purchase of the plot at the moment. Both being a cottage area and being more valued with the bridge to open are among the reasons for attracting interest. Tekirdag, Edirne are the other regions of choice. It is preferred because it is close to Istanbul both in terms of transport, and prices are relatively affordable. Mugla, Bodrum, Cesme and Izmir have prices slightly above Istanbul. Interest in areas close to the sea is high on the Black Sea or lower sides, and prices are higher here than in other regions.”

“Real estate is not a market with sudden rises or sudden descents. Under it, it has a more stable, long-term and reliable stance than the currency,” he said.