Despite its historical sites, natural and rich vegetation, unique natural beauty, Çanakkale is a less well-discovered city than it deserves. However, Çanakkale is becoming a place for more consideration in the coming period. The 1915 Çanakkale Bridge, which was started to be built, will completely change the fate of the province. It is expected that commercial activity in the region will increase after the Bridge’s operation date. It is especially prevalent that Biga's surroundings will be the new industrial region of the country. Çanakkale and its provinces are likely to gain a more dynamic and attractive image over the next 10 years.
All these reviews and comments we mentioned in the introduction are made by Harmoni Real Estate Appraisal and Consultancy Inc. Çanakkale Regional Director Şevki Vural. Şevki Vural, Real Estate Appraisal Expert, makes remarkable statements about the present situation of the city and the next 10 years with detailed evaluations he has shared about Çanakkale.
Headquartered in Istanbul, Harmoni Real Estate Appraisal and Consultancy Inc. experts serve in the major cities of our country. These experts have previously evaluated the real estate market in Ankara, Izmir, Adana, Samsun and Antalya. Now, I interviewed Şevki Vural, Harmoni Appraisal Expert, to get the real estate market appraisals of Çanakkale and its districts.
Is there any activity in Çanakkale in the real estate sector? If so, what are the reasons for that?
In Çanakkale, there is a circulation over the country average until 2015 to now in the real estate sector. In the first stage, the sector, which is in the form of a hand change of the fields with residential and urban development close to the city boundaries, has reached to the upper levels of dynamism with the hand change of the field properties close to the bridge route after the bid of the Çanakkale Bosphorus Bridge. The main reason for this is that the expectation of the increase of industry and trade volume, which is weak in the region and the bridge construction will lead to a significant leap in the region.
How did the 1915 Çanakkale Bridge, which was started to be constructed, affected land and real estate prices? Before the project, what are the current prices? What is the expectation after the opening and the operation of the bridge? What kind of city will Çanakkale be in the near future?
1915 Canakkale Bridge, which was started to be constructed, affected the immovable prices in the whole city positively. In particular, the largest increase occurred between the years 2015-2016, housing prices began to exceed the average purchasing power of the residents and attracted investors from outside the city. Housing prices between 1,500 - 2,500 TL / m2 before the year 2015 have risen to an average of 2,500 - 3,500 TL / m2. In particular, the increase in the production of qualified housing is also the subject of housing sales over 3,500 TL / m2, although the sales rates are low. Parallel to the negative events experienced in the country's agenda and the economic recession, it was seen that there was no value increase especially in luxury houses in 2017. Despite the unfavorable developments in the country's economy, housing production still continues throughout the province. It is expected that in parallel with the increase in the sector prices that reached the upper level rapidly in the previous years, a more parallel picture would be expected. It is expected that the commercial activity in the region will increase after the operation of the Bridge. We anticipate that the downtown of Çanakkale will be positively affected by the increase in commercial activity, especially in the expectation that Biga's surroundings will become the new industrial region of the country. With these positive developments, we expect that the city will have a more dynamic and increased purchasing power image in the next 10 years.
Urban transformation in Çanakkale is in what stage? Which projects are came forward so far in Çanakkale?
In addition that there are regions where the urban transformation planning studies are carried out in Çanakkale, they have not been implemented yet. Urban transformation studies carried out today are being implemented as parcel-based studies and transforming public immovables into renewed public spaces and cultural centers. Urban transformation studies planned in the social housing district in particular are expected to host an intensive housing production in the region.
Which regions are valued in this city? Where are the attractive regions for investors?
Especially in the last 1 year, land on the route of the 1915 Çanakkale Bridge and the lands in close proximity came to the forefront as the most valuable regions. Despite the increase in housing prices throughout the region in the last four years, there has not been an increase in the prices of luxury housing, especially in the period of 2016 - 2017, parallel to economic developments. With the increasing interest in the region, choices for natural life enthusiasts have been created. Especially the villages belonging to the Ayvacık district and those located near the Küçükkuyu and Dalyan coastal shrines, the unit price of the land belonging to the villages has reached to the level of most district center unit prices. Küçükkuyu, Bozcaada and especially with the windsurfing opportunities, Gökçeada is the region where the investors are attracted and led to the value increases.
What are the first ranking districts in terms of house price increase?
When we take the last 5 years as the basis for the increase in housing prices, the regions where the primary housing production is most concentrated are the Çanakkale center, Biga and Gelibolu districts. After the groundbreaking ceremony of the Köprü construction in the last 2 years, the Lapseki district, which continues to invest in housing, has also become a subject of significant housing production. For primary residences, we can say that the greatest increase in the province is at Çanakkale center and Kepez district. For the secondary housing production, Ayvacık, Küçükkuyu and Gökçeada are the districts where the greatest increase is experienced.
Can you give information about the average rent and sales prices in the city center and other districts?
Ayvacık: It can be said that the average residential sales prices are between 1,500 TL / m2 and 1,800 TL / m2 depending on the location, the building quality and whether the building is located in a site and it can be said that an average 100 m2 area can be rented between 700 TL and 900 TL.
Central district: It can be said that the average residential sales prices are in the range of 2.500 TL / m2 to 3.000 TL / m2 in average standard apartment according to the building quality and location of the building, and an average 100 m2 area can be rented between 800 TL and 1,200 TL.
Bayramic: It can be said that the average residential sales prices are between 1,500 TL / m2 and 1,600 TL / m2 depending on the building quality and the building quality and whether the building is located in the site and an average 100 m2 area can be rented between 600 TL and 750 TL.
Çan: It can be said that the average residential sales prices are between 1.600 TL / m2 and 1.900 TL / m2 depending on the building quality and the building quality and whether the building is located on the site and an average 100 m2 area can be rented between 600 TL and 800 TL.
Ezine: It can be said that the average residential sales prices are between 1,500 TL / m2 and 1,800 TL / m2 according to the building quality and the building quality and the site is located, and an average 100 m2 area can be rented between 600 TL and 800 TL.
Eceabat: It can be said that the average residential sales prices are in the range of 1.000 TL / m2 to 1.200 TL / m2 depending on the building quality and whether the building is in the site and the average 100 m2 area can be rented between 600 TL and 700 TL.
Yenice: It can be said that the average residential sales prices are between 1.300 TL / m2 and 1.500 TL / m2 depending on the building quality and the building quality and whether the building is located in the site and an average 100 m2 area can be rented between 500 TL and 700 TL.
Gelibolu: It can be said that the average residential sales prices are between 1,700 TL / m2 and 2,000 TL / m2 depending on the building quality and the building quality and whether the building is located in the site. An average 100 m2 area can be rented between 750 TL and 1,000 TL.
Gökçeada: Since 1 + 1 flats are preferred as new buildings in the district center, the average price is between 2.000 TL / m2 and 2.200 TL / m2 according to the location of residential sale prices and the building quality and site availability according to the average 50 m2 1 + A house of 50 m2 can be rented between 400 TL and 600 TL.
Bozcaada: According to the location of the sale price of an apartment on average 100 m2 due to the use of houses as a pension in the district center, the building is between 5.000 TL / m2 and 10.000 TL / m2 according to the quality of the building and the existence of the building in the site rents are handled on a room-by-apartment basis. The daily rental price of a single room in the room varies from 200 TL - 300 TL.
Lapseki: It can be said that the average residential sales prices are between 1,700 TL / m2 and 2,200 TL / m2 depending on the building quality and the building quality and whether the building is located on the site and an average 100 m2 area can be rented between 750 TL and 1,000 TL.
Biga: It can be said that the average residential sales prices are between 1.500 TL / m2 and 2.000 TL / m2 depending on the building quality and the building quality and the building is located in the site. On average 100 m2 can be rented between 700 TL and 900 TL.
What will be the average increase in rents and sales in the coming years and how much will it increase?
The increase in the Çanakkale real estate market, which has remained above the country average until 2016 and has become a major attraction as it has been the subject of increase in value under the average of the country in the horizontal trends especially after this year. According to the developments to be experienced in the economic indicators of the country in the coming years, it is expected that the sales figures of the houses will increase in the least inflation rate. However, since the region's purchasing power does not increase in parallel with the increase in housing value, the increase in the residential sales prices should not be expected to reflect the increase in rent values.
Where are the districts that attract attention in your region?
The regions attracting attention throughout the region are the housing investments and Çanakkale and Gelibolu; the expectation of an increase in industrial investments and the number of annual housing production increased. With the increase in secondary housing production, Küçükkuyu, Ayvacık and Gökçeada and the diversity of tourism businesses and Bozcaada and Assos, the places frequented by holidaymakers, are places of interest.
How are the prices of land and housing in the organic island and the calm city Gökçeada and Bozcaada?
Gökçeada has become a place frequented by those who prefer affordable seaside tourism with the increased bed capacity after the conversion of the houses to touristic facilities and the production of new apart-priced tourist facilities in the last 2 years. Housing production in the region has also gained momentum and is favored in the vicinity of the district center. Land prices in Gökçeada are in the range of 1000 TL / m2 to 1,200 TL / m2 in the district center and 200 TL / m2 to 300 TL / m2 in the distance from the district center and the land prices in the coastal areas far away from the district center are 500 TL / m2 to 700 TL / m2.
As it is known, a new construction license is not arranged in Bozcaada. The housing production in the region has already taken place in the past, which has already been licensed and is still in the registration period. In addition, there are also mansion-type multi-storey houses that can be used as tourist facilities in the district center, especially near the pier. Thus, the land and land prices vary between 10.000 TL / m2 and 15.000 TL / m2 in the district center and between 400 TL / m2 and 600 TL / m2 in the remote areas near the district.
Canakkale'da there is a restriction on the sale of foreign homes. What happens to the real estate market if this restriction is lifted?
Çanakkale Province is a province that is generally less well-known than the country it deserves, especially with its historical sites, natural vegetation and unique natural beauties. In particular, there are opportunities to attract many investors such as settlements located in the quiet areas of the province and the Kaz Mountains, the virgin village located on the banks of Saros Bay, fertile agricultural areas around Bayramic, Çan and Yenice, and secondary housing, farmhouses and organic farming. Çanakkale province offers attractive opportunities both for domestic and foreign investors. For this reason, it should be expected that the removal of the obstacle to the sale of housing for foreigners will have a positive impact throughout the province.
Çanakkale is a city attracting attention with its wind energy investments. Do you have to work in this area?
Çanakkale Wind energy is an important province located in the 2nd Battalion of the country according to the potential of the wind. The corridor where the greatest potential is, Lapseki which starts from Bandırma Biga in the north of Çanakkale, corridor which ends with Çanakkale and Ezine through Ayvacık / Babakale. Only 11% of the theoretical potential in the region has been processed as a land investment. We have carried out valuation studies for the companies that invest in various renewable energy in the region.
What do you do in Çanakkale as Harmoni Real Estate Appraisal? What work did you sign up to now?
As Harmoni in Çanakkale, we have provided our services for many years by opening our branch in 2014. Since the opening of our branch, our team has been growing and continues to provide services throughout the province through valuation and consultancy services. We have contributed to the increase in the number of new graduates who have been educated in the sector and increased awareness with the Real Estate Appraisal Courses that we organized in Çanakkale Onsekiz Mart University in 2016 with the technical knowledge which is the most important feature of our company.
We have signed works such as the evaluation of the immovable properties such as Shopping Centers, Touristic Facilities, Thermal Power Plant Facilities, Port Operations, Mining Operations, evaluation of the immovables belonging to public institutions and the best and most efficient usage analysis.