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Apartments in Antalya, Bodrum and Izmir become more expensive than in Istanbul

 

The price of a sq. meter of housing on the coasts of the Mediterranean and Aegean Seas has exceeded the costs in Istanbul. These figures are given by Emlak Kulisi, the development and actual property newspaper in Turkey. The demand for properties in seaside cities started to develop through the coronavirus pandemic. Adopted by demand soared in property costs. The most important rise in condominium costs has been recorded in Bodrum, Antalya and Izmir. Housing costs in some districts of those cities exceeded the costs for residences in Istanbul.

 

Emel Akbash Idikut, founding father of the funding and consulting firm ProjEkspert Gayrimenkul: “Working remotely permits individuals to not depart the seaside cities and villages after their holidays and are available there at any time no matter work and examine. Because of the pandemic, many have taken the chance to reside on the coast. So long as potential working and learning remotely. This case has affected the costs and demand for actual property by the ocean. So in Bodrum from January to August 2020, costs for the secondary housing elevated by 20 p.c. For brand spanking new tasks – as much as 40 p.c. The common price of secondary residences in Izmir has elevated by 17 p.c and new tasks – by greater than 20 p.c.”

 

In line with the true property publication, the height in demand for actual property has been notice this 12 months in Antalya. On common, from January to August, costs for secondary residences in Antalya elevated by 20 p.c. And for brand spanking new ones – as much as 40 p.c.

 

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