Plot prices soar in Turkey due to pandemic

Gülistan Alagöz – ISTANBUL

Land prices have skyrocketed due to the pandemic and fear of earthquakes in recent years, as land sales have also outpaced home sales across the country.

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According to real estate experts, there is huge demand for six provinces, the Aegean provinces of Izmir and Muğla, the northwestern provinces of Çanakkale and Balıkesir, and the southern provinces of Antalya and Mersin.

“Some buy to settle on this land to escape the cities, while others buy for investment purposes,” said Sertan Ünal, deputy director of TSKB Real Estate Assessment.

The numbers also show demand, with 950,000 land sales in the first nine months of this year. The number of homes sold could reach 920,000 over the same period.

It also triggered a rise in prices per square meter per plot.

The price per square meter of land has increased in Izmir by 178% in two years. The rate in Muğla is 143 percent, 131 percent in Çanakkale, 105 percent in Mersin, 91 percent in Balıkesir and 87 percent in Antalya.

The first three districts where people flock to buy land in Izmir are Seferihisar, Urla and Dikili.

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Datça, Bodrum and Marmaris are among the first neighborhoods of Muğla. Geyikli from Çanakkale, Edremit from Balıkesir, Kaş from Antalya and Anamur from Mersin are other neighborhoods in which people have shown great interest.

Turkey, property,

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