Whenever the price of land is announced it will undoubtedly draw much attention amongst real estate companies
Whenever the price of land is announced it will undoubtedly draw much attention amongst real estate companies. The increase in the exchange rate in the cost of housing production has a knock on effect and so causes an increase in the prices of construction materials.
According to some real estate valuation platforms, residential land increased by 60% on average and by 12% throughout Turkey as a whole.
Antalya proved to be the province with the highest increase in land value, followed by Aydin, whilst Istanbul remains the province with the highest sales price per square metre.
The highest increase in land values was Mugla with an increase of 203%
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