Pandemics, shocking earthquakes, economic crises and wars…
In all this gray atmosphere, lands that offer value increases that make investors happy and the opportunity to live in touch with nature continue to be one of the most preferred investment tools. Investors set their sights on the land due to reasons such as increases in housing prices, access to housing becoming increasingly impossible, and new settlers who want an isolated life turning to natural life. These cities brought the most profit in non-residential real estate purchases, which is a rising trend.
These Cities Are the Center of Attraction in the Land
According to the news published in Ekonomist magazine, Istanbul, Izmir, Çanakkale, Tekirdağ, Bursa, Balıkesir, Kırklareli, Edirne, Kocaeli, Yalova and Bilecik are among the cities that have earned the most for their owners in the last 3 years.
Stating that there are price increases of up to 150% throughout Turkey, officials underline that the rising value of the land will continue for a long time.
Other data included in the research is that Urla, Çeşme, Dikili, Güzelbahçe, Foça in İzmir, Arnavutköy in Istanbul, Çınarcık in Yalova, and locations close to the Gulf in Kocaeli are among the regions where square meter prices of field and land increased the most.
On Record Land
Non-residential real estate sales, the majority of which are land and fields across Turkey, broke a record with 942 thousand 485 sales in the first six months. According to the announced data, 1.6 million real estate properties changed hands in January-July. 675 thousand 327 of these sales were residential and 942 thousand 485 were non-residential real estate.Based on the January-July periods, non-residential real estate sales were 912 thousand 448 in 2022, 742 thousand 583 in 2021, 608 thousand 353 in 2020, and 525 thousand 740 in 2019.Even more surprising is that, compared to the same period last year, there was a 6.6 percent decrease in total sales, a 17.7 percent decrease in housing, while there was a 3.3 percent increase in non-residential real estate.While the share of non-residential real estate in total sales has varied between 44.07 percent and 54.07 percent in the last 10 years, it reached 58.3 percent for the first time this year. Proximity to Highways, Airports and Trade Centers is one of the important criteriaIstanbul, one of the world’s most important trade and tourist centers, continues to gain value with the migration it receives and high-volume investments. Locations such as Tayakadin, Yeniköy, Durusu, Karaburun, Uskumruköy, Boyalık, Terkos are among the regions most affected by the increasing trend in land prices in the region, which started with the Istanbul Airport, Northern Marmara Highway and Canal Istanbul projects. Foça and Dikili districts in Izmir, which stands out with its turquoise beaches, important ports and large industrial volume, are among the locations that gained the most value with factors such as the opening of Foça Marina and the acceleration of the construction of Çandarlı port. In addition to Kocaeli and Bursa, which are at the top of the list in land purchases with their proximity to Istanbul and developed industries, Çanakkale, Thrace, Balıkesir and Bilecik have been among the cities that provide the most profit to investors.