Real estate sector in Bursa 2024
Based on data and economic studies, the real estate sector in Bursa is among the most prominent investment sectors. Moreover, it is witnessing an increase in prices and an increase in value over time, so that the investors can achieve significant financial returns in a short period of time. In this article from Ebla Real Estate, we will provide a guide on the real estate sector in Bursa 2024.
Real estate sector in Bursa 2024:
The real estate sector in Bursa is among the most attractive investment sectors as Bursa is one of the largest cities supporting the Turkish economy… It ranks second after Istanbul industrially and commercially, in addition to its advanced infrastructure and urban renewal projects.
In addition, real estate in Bursa has ideal specifications in terms of quality, view, and investment value.
Furthermore, commercial projects in the real estate sector in Bursa are a successful investment project as Bursa’s economic diversification is reflected in the growth of its commercial real estate sector. From modern office spaces to industrial properties, the city provides a supportive environment for businesses. Proximity to Istanbul and a well-connected transportation network make Bursa an attractive location for commercial investments.
Due to the great tourist and investment importance for the city of Bursa in addition to its industrial development, it has become among the leading Turkish cities in terms of real estate sales as there is an increasing demand.
In last year’s statistics, 2023, Bursa ranked fifth among the Turkish states that sell most properties to foreigners.
Urban transformation and urban expansion have greatly enriched the real estate sector in Bursa, which has provided many diverse investment opportunities and options.
In addition to the above, real estate experts and analysts expect real estate prices in Bursa to rise by between 15 and 20% during the year 2024, specifically in developing urban areas and new urban expansion areas.
The impact of economic growth on the real estate sector in Bursa 2024:
The rising growth of the economy of Bursa is a fundamental factor that affects the prosperity of the real estate sector in Bursa 2024. There is no doubt that Bursa is the first industrial city in Turkey in several fields, such as the manufacture and assembly of cars, in addition to the furniture and furnishings industry, the textile industry, and many other industries.
Moreover, the Turkish city of Bursa, especially in the field of cars and textiles, contributed an amount exceeding $10 billion during the past year 2023.
According to information from the Exporters Council of Turkey, Bursa’s exports reached 180 countries, free zones and territories during the year 2023. Furthermore, during the same year Bursa’s exports showed an increase of 0.5 percent compared to the year 2022.
The impact of tourism on the real estate sector in Bursa 2024:
Bursa is among the most livable cities in the world. It is visited annually by thousands of visitors and tourists from different countries of the world, as it is considered the first historical capital of Turkey.
It is worth noting that Bursa contains many archaeological and cultural sites. Bursa is also famous for its natural beauty and the variety of its charming landmarks, including mountains, beaches and forests.
In addition, it includes Mount Uludag in addition to hot water springs. All of that has enriched the real estate market in Bursa, as many visitors want to stay there for a long period of time. This also led to attracting investors to establish their investment and real estate projects in this important city.
This was the most prominent information regarding the real estate sector in Bursa 2024, presented to you by Ebla Group.
Edited by: Ebla Group Real Estate
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