Real estate prices in Bursa – Factors that affect the price of properties in Bursa, Turkey
Bursa attracts many expats to Turkey for the purpose of stability or investment; This is due to its tourism and economic importance, in addition to the urban prosperity in it. It is worth noting that real estate prices in Bursa differ from one region to another. In this article from Ebla Real estate, we will talk about real estate prices in Bursa and the factors that determine the prices of properties.
Introduction to real estate prices in Bursa:
Bursa city is a magnet for real estate investment and those who want to buy properties in Turkey. Moreover, one of the essential matters that buyers and investors care about is the price of the property.
There are factors and criteria that determine the real estate prices in Bursa, taking into account the existence of the real estate appraisal, which limits the exaggeration of the price or the underestimation of its real price.
The factors that contribute to determining the price of real estate in Bursa:
There are major factors that play a prominent role in determining real estate prices in Bursa, which are:
Factors affect the real estate prices related to the property:
- Property location.
- Construction age and quality.
- Its design and architecture.
- Is the property detached, or within a residential complex?
- Is the property ready to move in or under construction?
- The quality of cladding,
- The view of the property.
- Number of rooms, bathrooms and balconies.
- The quality of the kitchen and its equipment.
- Services and facilities of the complex if the property is within a residential complex.
- Services of the building if the property is within a building.
- On which floor the property is, if the building or complex consists of several floors.
Factors affect the real estate prices related to the surrounding of the property:
- The area of the property (central, developed, under development), such as Osmangazi or Nilufer district in Bursa.
- The vital facilities and shopping centers of the area.
- Proximity of the property to transportation, schools and hospitals.
- View of the area, as if the property overlooks Uludag Mountain, green spaces, or the sea.
- Additionally, the fact that the property is in a tourist area increases its value, such as the properties that are in the center of Bursa, Nilufer district and Mudanya district.
- Availability of services and recreational and commercial centers in the vicinity of the property, such as a pharmacy, a market, a park, etc.
The prices of real estate in Bursa:
Undoubtedly, real estate prices vary from one region to another in Bursa city. Thus, we will mention approximate real estate prices in different areas of Bursa. These prices are according to properties in modern buildings. In addition, prices vary according to the market price.
The price per square meter for a ready to move in apartment in a residential complex with full range of facilities in Nilufer ranges from 10,000 TL
Moreover, the price per square meter for a residential property in Osmangazi starts from 8000 TL.
Furthermore, The price per square meter for real estate in Bursa city center ranges from 9000 TL.
Additionally, the price per square meter for a residential property in a tourist area in Bursa ranges from 15,000 TL.
For a residential property near Uludag University in Nilufer, the price per square meter starts from 10,000 TL.
The price per square meter for Mudanya properties also ranges from 10,000 TL.
The price per square meter in the areas that are far from the center of Bursa ranges from 8000 TL.
As for the old buildings, the price per square meter ranges from 5000 TL and may reach 10,000 TL depending on the age of construction and the area of the building.
However, as for the shops, if they are in a vital location in Bursa, the price per square meter ranges from 30,000 TL.
As for the lands designated for construction in areas under development, the price ranges from 3000 TL per square meter.
However, for arable land in Bursa, the price per square meter ranges from 35 TL.
Ebla Real Estate properties:
Ebla Real Estate Company, the first real estate company registered in Bursa, offers the best real estate offers in the most important areas of Bursa at competitive prices. For more information about real estate prices in Bursa, you can contact Ebla Real Estate or leave your contact information.
Thus, we talked about real estate prices in Bursa.
Edited by: Ebla Group Real Estate
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