Rising of land prices in Turkey

According to reports and statistical studies of the real estate sector in Turkey, there has been a marked rise in the price of land in all its forms, due to the Coronavirus pandemic.

Rising of land prices in Turkey
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2021-05-21 Last update 2021-05-26

Rising of land prices in Turkey

Find out the details of the statistical reports, which point to the marked rise in land prices in Turkey, and the Turkish provinces, which have seen growing investor turnout on land for sale in Turkey, and an increase in the investment value of land in Turkey.

Land prices are rising significantly in Turkey

According to reports and statistical studies on the real estate sector in Turkey, the spread of the Coronavirus pandemic has led to a marked rise in real estate prices in Turkey in general, and in various lands, both agricultural and construction lands in particular, and a change in the trajectory of real estate demand, after the Coronavirus spread, has had a significant impact on the increase in these prices.

It’s known that the spread of the pandemic caused a change in the desires and demand in the real estate market, so the searcher for housing became interested in a home that fulfills the conditions of a healthy home, such as the independence of the home, or the availability of conditions for good ventilation, such as balconies, terraces, courtyards, and green spaces.

The importance of a small number of floors, and the number of units in construction, for buildings in general and office buildings in particular, has also been highlighted. Therefore investment in land has emerged as one of the most important investment options favored by investors, resulting in a higher demand for buying lands in Turkey and thus an increased investment value.

According to official statistics from Turkey's real estate sector, the rise in the investment value of land in Turkey has reached 37% in the investment value of construction land, one year after the pandemic spread.

The average price per square meter of construction land reached 701 TL, while the rise was 24% in agricultural land, where the average price per square meter of agricultural land reached 51 TL.

Lands in Turkey

The rising investment value of land in major cities

According to statistical reports and studies, Turkey's three largest cities have seen a significant increase in the investment value of their land.

The Turkish capital, Ankara, ranked first among the major Turkish cities, in terms of the increase in the investment value of construction land in it, by 35% within one year.

This significant increase in the capital is evident from the average price per square meter of construction land, estimated at 414 TL, while the value of agricultural land in the capital has risen by 11%, bringing the average price per square meter of agricultural land to 42 TL.

مشاريع قريبة من اسطنبول انجليزي مشاريع قريبة من اسطنبول انجليزي

Izmir has topped the Turkish cities, in terms of the increase in the investment value of its agricultural lands, at a rate of 24%, and with an increase in the average price per square meter of 82 TL.

As for the investment value of construction lands in Izmir, it witnessed a 29% increase within one year, and an increase in the average price of a square meter of construction land in it estimated at 1053 TL, while the investment value of construction lands in Istanbul reached 19% within one year. The average price per square meter of construction land in it has reached 1572 TL.

The investment value of agricultural land in Istanbul has risen to 2% in one year, with the average price per square meter of agricultural land in Istanbul reaching 150 TL.

land in Turkey

The high investment value of land has reached its peak in the tourist cities

On the other hand, land in Turkish cities, which are tourist and tourist areas, has also emerged as an investment option, which has seen an increase in demand, following the spread of the Coronavirus pandemic.

These areas have witnessed a significant increase in the investment value of their lands, and Antalya ranked first among the most touristy cities, in terms of the high investment value of its lands, as the investment value in construction lands in Antalya increased by 59% within one year.

The average price per square meter in this territory was 796 TL, while the investment value of construction land in Antalya increased to 35% in one year, with the average price per square meter on agricultural land in Antalya reaching 65 TL.

The city of Mugla was second, with the investment value of its construction land rising by 53% in one year, and the average price per square meter of its construction land reaching 886 TL.

The rise in the investment value of agricultural land in Mugla was 29% in one year and the average price per square meter of agricultural land was 67 TL.

The city of Aydin was ranked third, with an increase in the investment value of its construction land by 49% in one year, and an increase in the average price per square meter of its construction land by 757 TL.

The high investment value of agricultural land in Aydin was 29% in one year, and the average price per square meter of agricultural land was 45 TL.

The following is a statement of land prices in Turkey, and the rates of increase in their investment values, which they witnessed within one year in Turkey, and its cities that occupy the highest ranks in the investment value of their lands:

 
Average price per square meter from the land of construction
 
Annual percentage increase in investment value
in the land of construction
 
Average price per square meter from agricultural land
 
Annual percentage increase in investment value in agricultural land
 
Turkey
701 TL
37%
51 TL
24%
Istanbul
1572 TL
19%
150 TL
2%
Ankara
414 TL
35%
42 TL
11%
Izmir
1053 TL
29%
82 TL
24%
Bursa
868 TL
19%
58 TL
16%
Aydin
757 TL
49%
45 TL
29%
Mugla
886 TL
53%
67 TL
29%
Antalia
796 TL
59%
65 TL
35%
Balikeser
793 TL
39%
36 TL
39%
Canakkale
708 TL
40%
48 TL
33%

Land prices in Turkey

 

Edited by Imtilak Real Estate©

Reference: emlakkulisi

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