Land plots in Turkey increased in price by 400 percent!

Land plots in Turkey increased in price by 400 percent!

These figures are given by Emlak Kulisi, the construction and real estate newspaper in Turkey. The coronavirus pandemic has changed investor preferences - from February to August 2020, Turkey has seen a dynamic growth in demand for land (by 28 percent) and, as a result, an increase in land prices (up to 400 percent in six months). In May 2020, the growth in demand was observed both for vast farm lands (which were bought by agricultural and development companies), and for small plots of land (8-10 acres), which residents of big cities consider as an opportunity for organic farming.

According to experts and land buyers in Turkey, investments in plots today turn the minimum capital into a capital that begins to grow from the moment of purchase. 90 percent of demand for land in Turkey is for simple land plots, without buildings, any other facilities and zoning. Experts add that in the medium term (2-5 years), land within Turkey's settlements can be  sold to developers at a higher price. They also say that investing in Turkish land is now safer and more profitable than investing in gold.

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