Buying a house in Turkey 2022 - 2023
Last Updated: 2023-07-27Buying a house in Turkey 2022 - 2023
Many investors aspire to start their investment projects in the Turkish real estate market , due to the high ingredients and specifications of real estate in Turkey .
Turkey has a strong and well-established economy, solid infrastructure, in addition to natural factors, such as the middle strategic location between the countries of the Middle East, European countries, and extending over the continents of Asia and Europe, but due to the difference in the exchange rates of the Turkish lira from year to year, real estate prices vary , so Marsat Real Estate Company discusses Turkish house prices during this year.
You will read in this article -
Features of houses in Turkey -
House prices in Turkey
- Banking facilities that bring Turkey real estate back to the forefront
What are the features of houses in Turkey 2022-2023?
Like all other types of real estate, houses in Turkey have the characteristics of location, views and ... These characteristics vary from one house to another, depending on the different location, for example, (in the suburbs or in city centers), and the beauty of the view and its importance ...
Homes in Turkey enjoy a wide range of diverse services, such as transportation, security and safety, guarding and cleaning, protection from natural disasters, proximity to various service centers, health centers etc.
With regard to decorations, interior and exterior designs, there is no limit to their diversity, beauty ... There are several forms of it, there are traditional designs and authentic Turkish decorations and there are modern practical designs. Where this diversity works to satisfy the tastes of all customers.
House prices in Turkey 2022 – 2023?
Despite the spread of the Corona epidemic in the first quarter of this year, and the application of the complete ban, in most countries of the world ... Homes in Turkey continued to achieve high numbers in terms of the number of sales , and Turkish house prices are generally considered acceptable and competitive prices , if compared to their counterparts in the rest of the countries .
And of course, house prices vary according to the characteristics and specifications of one house.
It attracts many destinations from residents, investors, and tourists.
Houses in Turkey located in city centers and different states are more expensive than houses in suburbs and other areas.. due to their proximity to public transportation, work centers and different life.
Suburban and rural houses are no less important than city houses, as they have special specifications, and distinct, they are quiet and simple, and they lie in an attractive healthy and rural environment, away from congestion and overcrowding in cities, as they are characterized by features of Turkish tradition and originality, and beautiful traditional life.
Many prefer to buy a separate house, rather than buying an apartment in an apartment complex, because they tend to settle down and do not want to crowd apartments and residents, as the houses are considered more luxurious, and relatively quieter ... We notice the rise in real estate prices in general day after day ... So if you are thinking of buying a house in Turkey.. hurry up to take your chance as soon as possible... Being late is never in your favor.
Post-Corona openness and banking facilities bring Turkey's real estate back to the fore
The real estate sector in Turkey escaped the
Corona prison, restricting movement and travel, and hedging against risking liquidity and savings, so the decline in the prices of apartments and the Turkish lira had the impact that broke the rule of the global recession, so Turkish decisions came, foremost of which are soft bank loans at a low interest rate and a long repayment period, increasing the demand, especially from Turks, to buy real estate Which increased, according to the Ministry of Environment and Urban Planning, by 32% compared to the first half of 2021 with the number of apartments sold to about 281 thousand homes, Istanbul had the largest share by selling more than 95 thousand apartments, followed by the capital Ankara with more than 64 thousand apartments and Izmir came third
The recovery of the real estate sector in Turkey during the first half of 2022 came as an extension of the first quarter, during which real estate sales to foreigners increased by 14% with a number of apartments approaching 11 thousand apartments, according to figures from the Turkish Statistical Authority, Istanbul also topped the list of cities selling real estate with more than 5.2 thousand apartments, followed by Antalya with 2.15 thousand apartments, which were absent from the first places in selling real estate during the first half of this year.
The 3 largest banks in Turkey, "Ziraat", "Waqf" and "Halk", in addition to other participation banks, had announced last month 4 packages of loans, the forefront of which was real estate, through low interest rates of 0.64% and a long repayment period extending up to 15 years, as well as a repayment period of one year and the application of a low repayment rate starting from 10% on the use of financing.
According to specialists in the real estate sector, bank facilities and loans were reflected in the increase in demand by about 50% a month ago until today, which revived the sector and raised "prices slightly" and restored the down payment that was absent during the past months and was one of the ways to attract and encourage purchases.
Mersat Real Estate Company offers many services that determine the success of investments in Turkey, such as the property evaluation service for free, where you can communicate with our professional team before buying any property to learn every detail about it, including its real price, and also you can visit our company's headquarters in Istanbul and request a real estate tour in the most important investment projects in Istanbul.
Editorial Mersat Real Estate Team©
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