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Apartments prices in Turkey

Apartments prices in Turkey

Last Updated: 2023-07-27
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Factors 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?

  1. 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.
  2. Building age: affects  the price of apartments in Turkey,  the condition of the property, new or old, andwhat damages it contains.

 

 

أسعار الشّقق في تركيا

 

  1. 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.
  2. 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.
  3. 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.
  4. 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.

 

The price of apartments in Turkey

 

 

Why are foreign and Turkish investors attracted to buying an apartment in Turkey?

  1. 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.
  2. 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© 

 


Last Updated::2023-07-27

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