One of the most frequently asked questions when buying real estate in Turkey is (prices). Are real estate prices in Turkey high, low, or stable, and what path are they taking, will they register any rise or are they likely to fall? Many questions about this topic, you can find the adequate answer about it, as it will shed light on the future of prices and the path it takes, as well as the factors affecting it.
According to many experts, analysts and scholars of the real estate sector in Turkey, real estate prices will record a significant increase, which may reach more than 60%, and this is the result of many reasons that we will talk about through the following paragraph:
First: Turkey is one of the most densely populated countries in the world, and this automatically leads to a high demand for buying or renting real estate.
Second: Turkey is distinguished as one of the most important tourism destinations in the world. It has many important attractions that attract the attention of tourists, and if you are interested in this matter, you certainly know that the tourist flow is increasing day by day.
Third: The great luxury that characterizes real estate in Turkey, especially the newly built, cannot be overlooked, and this has an important impact on prices, as the higher the luxury, the higher the price index, and from here, you should know that the prices of modern real estate are higher than the old ones.
Fourth: The continuation of the Turkish citizenship program in return for real estate investment with a value of at least 400,000 US dollars, and construction companies have built their projects in accordance with the conditions for obtaining it.
Fifth: The reviving infrastructure and its great impact on the real estate sector. What you do not know is that real estate or real estate projects near it are more expensive than those that are far from it, and most real estate investors interested in obtaining great wealth or abundant profit choose to buy real estate near them.
We have a set of factors through which it is possible to know the prices of real estate in Turkey, which you should know before you pay for the property so that you do not have to pay money in the wrong place:
1 - The location of the property has the first power in determining its price, the more strategic it is, the higher the price, and therefore there is an important piece of information that must be taken into consideration, which is that the property with the privileged location is suitable for real estate investment.
According to the experts, the three elements for the success of any real estate investment project (location, location, then location).
2 - Did you know that if your apartment overlooks the sea or green spaces, this only means that it is of high importance, especially in terms of real estate investment, and in return, its price is high.
As for real estate with interior or city views, the price is lower and this is an ideal solution for anyone looking for cheap apartments for sale in Turkey.
3- You should know that the distance of the property and its proximity to public transportation has a significant impact on the price of the property. In order to build a profitable real estate investment, choose your apartment or property near the metro bus or metro station.
4 - The abundance of service facilities near the project, such as shopping centers, hospitals, educational institutions and other places.
If you compare real estate prices in Turkey and other developed countries around the world, you will find that they are very moderate and suitable for different budgets, and this made it an ideal destination for buying real estate, while European countries put many obstacles in front of real estate buyers, the first of which is the large rise in prices that does not suit different budgets.
Will the promised rise in the real estate market in Turkey make the buyer hesitate to choose and buy in Turkey? Certainly not, because despite the rise, it remains low compared to others, and this is one of what supports the decision of foreigners to settle and own property there.
One of the first reasons that encouraged the purchase of real estate in Turkey is the comprehensive set of privileges that will be obtained, which are as follows:
First: It is easy to buy real estate in Turkey, and do not forget that real estate ownership in Turkey is not limited to a certain period of time, as is the case in most European countries, which specify a period of only 99 years in which this ends, in addition to the many facilities that you would have, which were provided by the Turkish government in its desire to attract and attract more possible number of investors and capitalists because of its absolute belief in the positive impact of this matter on various sectors in the country.
Second: By buying a property in Turkey and using it for housing, and its price is not less than 75 thousand US dollars, you can apply for real estate residency, which is one of the best types of residencies in Turkey at all, and it can be obtained quickly and renewed annually.
Third: By purchasing a property in Turkey with a value of not less than 400 thousand US dollars, it is possible to apply for Turkish citizenship, which has been classified among the most important nationalities in the world due to its ease of obtaining and the many advantages it provides to its holder.
Add to your information that with the many ways to obtain citizenship, however, real estate investment is the best way, and the reason for this is that you will not only have obtained citizenship, but also entered the world of real estate investment, that is, you have hit two goals in one step.
Fourth: The real estate market in Turkey is witnessing a great diversity that meets different tastes and suits most budgets.
Fifth: Turkey is an ideal environment for permanent residence and stability, where various means of integrated and recreational life are available.
Sixth: Did you know that Turkey is the gateway to success in the real estate investment project, thanks to the large population it is witnessing, the economic recovery and its unique geographical location, which made it a distinctive and global destination.
Seventh: The Turkish government abolished the principle of reciprocity in 2012, and therefore any foreigner around the world can buy real estate in Turkey, but with the exception of five nationalities (Syria - Armenia - Cuba - Northern Cyprus - North Korea).
Eighth: Real estate investment in Turkey is a safe opportunity, as the Turkish government works with all its efforts to monitor the real estate market and has imposed a real estate appraisal document that controls real estate prices and prevents any fraud, deception, or the like.
Ninth: When you want to buy real estate in Turkey, you will find many offers available in your hands, as real estate and investment projects abound in response to the great local and foreign demand.
Tenth: There are many real estate companies specialized in the real estate sector in Turkey that provide assistance to clients and investors, and their relationships with the most important construction companies can be benefited from.
As a matter of talking about the prices of real estate and apartments in Turkey, many people are looking for cheap apartments for sale in it in order to be suitable for their financial balance. Through the following points, you can see the most important means by which you can get cheap apartments.
-Do not choose a privileged location because apartment prices are constantly and periodically increasing.
-Stay away from catchy views like the sea or forest.
-It is preferable to choose an apartment in remote areas or far from the city center, because the closer to its center, the higher the price of the property.
-Do not buy a property in Turkey on your own, as this may make you pay a lot of money in the wrong place or be exposed to real estate fraud.
-Buy old real estate because newly built real estate is constantly increasing in price due to the increasing demand for it.
-You can take advantage of some of the opportunities and offers that the owners are in a hurry to sell the apartments or real estate they own and thus can be sold for less than their real price.
There are many advantages that can be obtained by buying cheap apartments in Turkey, the most important of which is that it is a good alternative to rent. Do not forget that the prices of real estate or apartments are constantly increasing, which indicates the possibility of obtaining abundant profits and sure profit over time because your apartment or property price will increase in return even if by a small percentage.
Inexpensive apartments are a golden opportunity for real estate investment for those who do not have enough financial balance to buy luxury properties, and do not forget that when living in them, you will not have to pay the monthly returns that are paid in residential complexes. (Important note: Just as cheap apartments in Turkey have many positive aspects, there are also many negative aspects, such as being far from facilities, service and entertainment centers, shopping centers, etc.).
Real estate prices in Turkey are on an ascending scale, but the most expensive is commercial real estate, and at the same time, is the most ideal real estate option for real estate investment and to achieve a lot of abundant profit, especially during the tourist seasons and when the property is strategically located close to the frequently visited tourist places and landmarks.
On the other hand, it must be noted that villas rank second among the most sought-after types of real estate in Turkey at all, especially by real estate investors, as they can be a stand-alone investment project. What helps its success is its wide area, view, location and other details.
Many people interested in the Turkish real estate sector or real estate investment choose to buy apartments under construction instead of ready apartments because their prices are much cheaper than others and the important news is that their prices rise upon completion of construction work at very high rates, with a reason that may reach 70%, and this is an important opportunity for every believer in investing in real
It cannot be overlooked that the price of the apartment will increase by a small percentage when buying apartments in installments in Turkey, but this does not negate the importance that is obtained in return, as:
- Installment apartments are an important alternative to living in Turkey with rentals.
-In the end, the property is yours.
-Through it, you can obtain real estate residency.
-It may be appropriate to apply for Turkish citizenship.
-A good start for those who wish to invest in real estate, but cannot pay the full value of the property at once.
-There is an abundance of offers available for sale in installments in Turkey, meaning that it is not followed by any difficulties.
One of the important tips that we usually give to our customers is the urgent necessity to check all the news of the real estate market in Turkey before making a purchase, as you must investigate well and research about areas / prices / advantages / specifications / regulations / laws and other details that guarantee you a safe and profitable investment experience.
Our website allows you to learn about everything that interests you regarding the real estate market in Turkey and answers your various questions, so do not forget to visit it periodically. Among the advantages we offer to investors and clients:
-Advice and consultation.
-Explanation, clarification and answering your questions.
-Assistance in obtaining Turkish citizenship or real estate residency.
-We put in your hands a list of the most important offers available for sale in Turkey for you to choose the best.
-We assist in obtaining the real estate appraisal document.
-You can take advantage of our distinguished relationships with the most important construction companies in Turkey to get high discounts.
-A comprehensive legal study of all contracts and papers and the discovery of any loophole or defect.
-Following the routine procedures.
-Assistance in extracting the title deed of the property.
-Negotiating the price of the property.