Apartments prices in Turkey
Last Updated: 2023-07-27Factors affecting apartment prices in Turkey
One of the most frequently asked questions regarding owning a property in Turkey is the question about real estate prices in Turkey and what are the important points that affect prices so that the buyer can take them into account well and take into account his requests and needs as well, and here he can make the appropriate and appropriate decision at the most appropriate price for the apartment and the calculated budget.
What affects the price of apartments in Turkey?
- The location of the property: and its location, as this has a great impact on real estate prices in Turkey, especially the proximity of the apartment to the city center and its events, and also the apartment's proximity to important places such as airports, beaches, monuments, historical places and other important places.
- Building age: affects the price of apartments in Turkey, the condition of the property, new or old, andwhat damages it contains.
- Type of property: and its nature, such as the number of apartment rooms in Turkey, the number of bedrooms, the number of bathrooms, the net area of the apartment, the area of the salon , the readiness of the apartment for direct housing.
- Apartment view: For example, the price of apartments overlooking the sea directly increases and decreases in value whenever the view becomes far from the sea. The same is the case of apartments overlooking forests or lakes and even apartments with a view of the city if they are open their price rises compared to apartments with narrow or limited view. etc.
- Apartment height: In Turkey, the prices of apartments and real estate vary in total as the height of the title deed increases, so it is recommended to buy an apartment in Turkey, especially the investment ones, with medium to high floors in construction.
- Construction revenues: Construction services and the social services provided by the residential complex such as swimming pools, sports clubs, gardens, the degree of safety in the complex or apartment, and the consequent monthly expenses that are important and affect the value of the property.
Apartment prices in Turkey have achieved unprecedented price booms as a real investment and development real estate tool, due to the high demand for them, and are preferred by Turkish and expatriate investors, especially from the Gulf countries.
However, their prices are still undervalued, and this is why real estate prices are expected to increase, but the political, economic and social stability that the country enjoys ensures that the prices of apartments and properties purchased in Turkey are maintained.
Recently, encouraging real estate and investment laws have been approved, which will reflect positively on the prices of apartments and achieve the common and sustainable development interest.
In addition to the Turkish government's reduction of taxes on real estate, and most importantly infrastructure projects in Turkey, which are globally competitive.
Why are foreign and Turkish investors attracted to buying an apartment in Turkey?
- Investors are attracted to buy an apartment in Turkey due to the cheapness of apartments compared to other countries, so you can buy an apartment in Istanbul, for example, worth approximately 100 thousand US dollars, that is, in a globally strong capital, yet it is a number that can be collected.
- The average real estate prices in Turkey in general are still 50 to 60% lower than real estate prices in Eastern Europe, and 80 to 90% of the average prices of their counterparts in Western Europe.
Buying property in Turkey in installments:
There is an excellent option for Turkish, foreign and Arab everyone, which is to buy an apartment in Turkey in installments, which is a smart method for those who do not have the full amount, as they can pay the monthly installments and use the rest of their money in a specific small investment and thus make a profit and also buy an apartment in Turkey.
Editorial Mersat Real Estate Team©
Real estate Articles
Real estate News
