How is the real estate price evaluation process done in Turkey?
Last Updated: 2023-07-27How is the process of evaluating the price of a property in Turkey?
The real estate market in Turkey is one of the richest and most diverse real estate markets in the world, and in different types, forms and features of Turkish real estate, it shares the fact that it has competitive prices globally, as Turkish real estate is generally cheap when compared to its corresponding properties in European countries, and this is the essence of the orientation of foreign investors towards the real estate market Al-Turki, in addition to a number of other factors and features such as location, views, modern infrastructure, quality, high efficiency, and associated services, and returning to the competitive prices of real estate, inevitably different properties vary in prices among themselves according to specific specifications and factors, and the question here is how is the process of evaluating the price of a property in Turkey?
Learn about the determining factors of different real estate prices in Turkey
- The area and size of the property in Turkey
is self-evident, the larger the area of the property, the higher its value and price
- Location and view
Turkish real estate in general enjoys an ideal and strategic geographical location and varies among themselves as follows: The closer the property is to the main roads and public transportation, and the higher its price, the greater the view Well and splendor, and the more tourism and commercial activity in the area where the property is located in Turkey, its price increases, the closer it is to the centers of health and educational life and the various workplaces, the higher its value and there are many other factors
- Services related to real estate in Turkey
Many services are related to real estate in Turkey, such as paying water, electricity and internet bills, cleaning services, protection, security, safety and delivery, and according to these services and their quality and the company supervising their implementation, the price of real estate in Turkey increases
- Tourism activity
The value of the property increases and the value of profits as a result of its various investments increases as tourism activity increases in the area in which it is located
- The quality of construction and cladding
The value of the property in Turkey varies according to the quality of building materials and the techniques used in building the property, and also the value of the property increases according to the quality of cladding, interior and exterior designs and furniture
- Type of property
Turkey Real estate in Turkey is very diverse and variable, and the price per square meter varies according to the type of property and its importance. Residential property, tourist facility, hotel, commercial property, apartments, agricultural lands, farms, houses, villas, swimming pools Several factors combine to determine the
price of the property and you also have to take into account several other things such as the real estate company's commission, registration expenses and real estate taxes
Government support for the real estate sector in Turkey
The Turkish government provides a lot of support to the real estate sector in Turkey, and attaches it to great importance through a number of various decisions to attract major foreign investors and push them to invest in Turkish real estate, and the most prominent mention of the law granting Turkish citizenship to foreign investors by buying a property in Turkey There are also several other decisions, such as reducing taxes paid Real estate companies supervise the process of evaluating the price of real estate in Turkey, taking into account all the above factors mentioned
Real estate companies in Turkey are considered the best broker to evaluate the price of real estate and supervise the implementation and process of various real estate commercial transactions in Turkey with foreign investors of various nationalities around the world and local real estate investors as well.
Do not hesitate to buy real estate in Turkey, as real estate investments in Turkey have achieved wealth and huge funds for major investors around the world
Editorial Mersat Real Estate Team©
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