Increasing Value in Real Estate: Çanakkale

Increasing Value in Real Estate: Çanakkale

Although Istanbul and its splendor come to mind when Turkey is mentioned, the beauty of other cities cannot be ignored. Çanakkale, which is in this category of others, continues to be the focus of attention by investors due to both its natural beauties and the ease of transportation connection with other cities. 1915 Çanakkale Bridge, the construction of which started in 2017, will further highlight this ease of transportation. It is obvious that the bridge project, which is planned to be completed in March 2022, will hand transportation on a silver platter.

According to Endeksa data, Canakkale is one of the cities where real estate prices have climbed in recent years. In Canakkale, the average sale price of a square meter dwelling is 5 thousand 686 TL, the average residential price is 682 thousand 320 TL, and the housing investment return period is 21 years in the index. The ease of access to Izmir and Istanbul, which are prominent cities, especially in terms of business and social life, strengthens the importance of Canakkale. Housing prices in the region have increased by 65 percent per year, and by 144 percent over the last four years.

Çanakkale's value analysis is highly promising in all real estate types, not just the residential ones. According to the Endeksa report, the annual increase in the prices of fields, orchards, and the garden was 33.4%. The 4-year data of this value increase was announced as 100%.

The average sales price of the residential land in Çanakkale is 875 TL, and the average square meter sales price of the land is 60 TL. As the city where comfort and quality life gains value, Çanakkale stands out as the shining value of 2022. It seems that the values of the city, which offers suitable portfolios for both business and family life, in 2023 will be sunshine, too.

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