Reasons for the high real estate prices in Turkey
Last Updated: 2023-07-27Reasons for high real estate prices in Turkey
There is a large scope for buying real estate in Turkey, and accordingly, the prices of real estate in it are not fixed in the same case, and there is no single standard for all real estate, regions and cities in this country. At the present time, the Turkish state is witnessing a clear and noticeable increase in the prices of its real estate, but what is the reason that makes the prices of these properties rise in this way, this question is the most important, as it concerns investors and real estate owners in Turkey and those who have the intention to buy from these real estate. You will find everything related to this topic in the next lines.
What are the most important factors that make real estate prices in Turkey high?
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The competitive atmosphere in the country: Turkey is a country where investors compete in order to buy real estate. You see different nationalities from the east and the west, and they work in this field specifically; You see the Arab and the foreigner, which creates a competitive atmosphere between them, and this is what makes the prices of these properties rise with the passage of days, so you will not be able to find them in one form. Also, the increasing demand for the prices of these properties makes their price rise continuously. The less the number of properties available for sale, the more expensive it will be, as we know that the few materials are always of high price and the materials that are available in abundance will be cheap.
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The strategic location of the Turkish state: Turkey is characterized by being located in an excellent geographical location on the world map, where the largest presence is in the continent of Asia and some in the continent of Europe, which makes many investors want to see such a beautiful and unique blending, and therefore you will see real estate prices always rise. We must mention that the prices of these real estates had a major role in the wide fame they gained all over the world, and if they were not so, they would not have been in the first ranks globally.
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Turkey is a first-class tourist country: Also, when we say a tourist country, it means that real estate in this country will be in great demand for Turks as well as for tourists. Also, all types of real estate in Turkey will be required by them, whether commercial real estate, residential real estate, hotel or other properties. We must point out that the rise in real estate prices does not only include buying and selling, as rents are also high.
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High quality infrastructure: Infrastructure also plays a major role in making real estate prices rise in Turkey because this infrastructure is one of the services that these properties enjoy. Turkey has a developed technical infrastructure in the sectors of transportation, communications and energy, and is characterized by a well-developed railway that facilitates transportation to Central and Eastern Europe. This excellent structure makes life easy, simple and provides a great deal of luxury.
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Stability in the general situation in the country: In general, Turkey is characterized by being stable at all levels, especially at the economic level. It knows very well that the real estate on its land will not be exposed to any accident or anything that reduces its stability or makes its financial value collapse, and therefore you find its prices are high, and the coming days may carry a new rise. Just as stability at the political level has a role in the increase in its price, Turkey will not be subjected to a political shock that affects the real estate sector in it, and therefore the investor will not be affected by such things. We see that the rise in real estate prices is logical.
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The presence of a lot of services: There is nothing that you need in Turkey that cannot be found, as it contains many service centers. For example, we have shopping services; Turkey has many small and large shopping centers, in addition to the famous malls, in addition to websites dedicated to remote shopping. From a medical point of view, there are many hospitals, health centers and clinics equipped with the latest medical devices and reliable staff. We also have a lot of entertainment places such as places for children's games, restaurants and many others. On the surface, all of these factors seem simple, but on the inside they are effective and have strongly affected real estate prices in Turkey.
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Real estate in Turkey is very safe: Turkey is a country in which natural disasters such as earthquakes abound. Therefore, the Turkish government imposes that real estate be designed in a unique and high-quality way so that it will not be affected by these disasters. In the event that these real estates were harmed, the government in Turkey bears part of the damage caused by the disaster, by imposing earthquake insurance on all residents.
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Turkish real estate from the inside carries the advantage of comfort and luxury: You rarely find a property in Turkey that is devoid of the entertainment and comfort that it provides for people. Most of the properties work on the smart system, even if it is not completely. Also, real estate in Turkey is built with high quality materials and according to international standards for construction in addition to modern designs, which made this quality added to the value of the property each time it is sold.
Edited by Mersat Real Estate Team©
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