Real estate market in Bursa
In recent years, Bursa has witnessed a remarkable growth in the real estate market. Many investors have established their investments and real estate projects in it because it is of great importance. And in this article from Ebla Real Estate, we will talk in detail about the real estate market in Bursa.
Real estate market in Bursa:
The real estate market in Bursa is the most attractive to investors compared to other investments in the city. It is one of the largest cities supporting the Turkish economy as it ranks second after Istanbul industrially and commercially. Additionally, Bursa witnessed a comprehensive renaissance and continuous development. It has strong infrastructure, constructive projects and integrated services. Every neighborhood in Bursa includes vital facilities, entertainment facilities, shopping centers, service centers and transportation systems.
Bursa offers diverse real estate options including residential, commercial and industrial buildings. Moreover, real estate in Bursa is characterized by reasonable prices compared to other cities in Türkiye. Thus, investors can get high returns from their investment in real estate in Bursa.
As a result of being one of the best regions for investment in Turkey, in addition to the large number of urban projects and luxury residential buildings in it; In the statistics for the first quarter of the current year 2023, Bursa ranked fifth among the Turkish states that sell real estate to foreigners, with more than 320 properties.
An increase in real estate prices in Bursa:
Bursa is witnessing a remarkable rise in real estate prices because of several factors, including:
- Increased demand due to the large number of local and foreign residents, in addition to the huge number of tourists.
- Moreover, inflation has contributed to the double increase in the prices of real estate and all materials and products.
- Furthermore, the luxury urbanization has led to an increasing demand for housing in the modern apartments.
The impact of urbanization on the real estate market in Bursa:
The urban transformation and expansion greatly enriched the real estate market in Bursa, as the modern urban projects in Bursa are commensurate with the requirements of the real estate market today.
This led to an increase in the demand for housing in such buildings, particularly in the developing investment areas, in which prices are constantly rising.
The future of the real estate market in Bursa:
The ambitious vision that Bursa, Turkey has, the huge investment potential that it possesses, its distinguished geographical location, and the renaissance it has witnessed at all levels recently, have made it a great investment opportunity for investors looking for areas that have a promising future.
Moreover, reports and studies indicate that Bursa is one of the ideal investment destinations in the world because of its distinguished strategic location, historical and tourist importance, robust economy, low taxes, amazing nature, and developed infrastructure.
Thus, all factors and circumstances show that the future of investment in Bursa will be safe and bright, promising many profits and gains.
Edited by: Ebla Group Real Estate
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