In three summer season months, land costs in Turkey have elevated by 35 % in comparison with the identical interval in 2019. Over the summer season 2020. All land plots had been offer in Turkey for 89 billion TL and the demand for plots stays significantly excessive. These figures are given by Emlak Kulisi. The development and actual property newspaper in Turkey. The biggest variety of land plot gross sales was record in Istanbul (by 15.3 billion TL). Ankara is within the second place with 7.5 billion TL, whereas Izmir is within the third place (5.6 billion TL). In some Turkey’s cities and provinces. The demand for land elevated two to a few instances over the summer season and costs rose by 35 %.
What varieties of land plots is in demand? Consumers have an interest not solely in land plots situated in massive cities with a excessive inhabitants density but in addition in Turkey’s coastal and rural areas.
Kurtulus Altun, CEO of Turkey’s on-line actual property change GABORAS (GOS):
“Because of the coronavirus pandemic, many buyers have begun to desire small cities and secluded resort villages to fashionable cities. From June to August 2020, the demand for land in Turkey elevated by a median of 83 % in comparison with the identical interval final 12 months. In Sinop province (which leads within the variety of land gross sales). The demand for plots elevated by 295 %, in Kilis – by 242 %, in Kirikkale – by 238 %. The price of land plots elevated throughout this time on common all through the nation by 35 %, the best worth improve was record in Sinop (82 %), Yozgart (79 %), Ardahan (75 %), Tunceli (70 %).”
The knowledgeable additionally famous that the transition from city to rural way of life in Turkey. Will proceed and the demand for land will stay excessive for the foreseeable future.