What are the affecting factors on real estate prices in Turkey?

One of the most difficult choices a person can make is to buy and own a new property as everyone aims to make the right choice, and a successful real estate ownership is to own a flawless property, to reach this goal each buyer must listen to specialists and friends advices who have previous experiences.

In this article we will talk in general about real estate prices in Turkey, ways to determine it, and the factors that affect it.
These factors are known only by experts and analysts in the real estate field.

The most important point that determines the price of the property is the ability of this property to generate large profits and the rapid turnover of the capital, as residential or commercial real estate in the tourist areas in Turkey is relatively more valuable than the rest of the real estate in other regions, because its monthly returns is higher.

Affecting factors on real estate prices in Turkey:

The location:

location selection is very important to determine the property price, as real estate prices in Turkey’s states are lower than real estate prices in Istanbul due to its vital, tourist and commercial site, also, in the same state, the prices of apartments in the central and tourist neighborhoods are more expensive than suburban real estate, even if they have similar specifications.

In addition to that the proximity of real estate to the sea, and the service facilities such as shopping malls, hospitals, universities, and various transportation lines make its price higher, especially since most people who are coming to buy ask about their proximity to transportation stations.

The area:

In Turkey, big property area means low price, for example the price per square meter in an 1+1 apartment is more than the price per square meter in an 4+1 apartment, and the buyer should pay attention to the net area, total area, and internal division.

affecting factors on real estate prices in Turkey

Age and construction status:

The prices of properties under construction usually are lower than the ready to move ones, and that leads to good return on investment compared to the real estate ready to move, in addition to the possibility of improving the prices in the future.

The property outside appearance:

The external appearance is very important for determining the property price, especially in the famous central areas where the price of real estate that is located in luxurious modern buildings is higher compared to ordinary buildings in the same area. Also, normal real estate in normal buildings with old finishes may not attract the attention, leading to a decrease in its price.

The property facilities:

such as:
- Floor number and apartment view.
- Services inside the complex
- Home decoration and furniture

Ways to reduce the property price:

As we mentioned previously, the buyer should pay attention to the property location, features, and area before purchasing, if these elements combined together so the property price will be expensive,if he want a property with less price, he must give up on one of these elements, or search for buying under construction properties to benefit from real estate financing.

The purchase of real estate in an area where the movement of demand is much less than the offer is better, because this gives the buyer a stronger ability than the seller, and enables him to request a price lower than the market price.

Real estate investment in Turkey during the Corona pandemic:

Always in hard times you discover that your retreat from real estate investment is a big mistake, especially in Turkey because it is always in the top investments in the country, doesn't lose or reduce its price, and that makes it a safe place to keep money for investors.

Reasons… why to invest in Turkey:

- The huge demand for real estate in Turkey, where more than 1.2 million homes in Turkey are sold per year, and about 45 thousand foreigners own real estate in Turkey annually.

- There are large and long-term plans for construction and urban rehabilitation in Turkey, where more than 7 million homes in Turkey will be rehabilitated by 2023.

- Turkey is characterized by the presence of attractive real estate investment sites in all its forms and types.

- Real estate prices in Turkey are increasing annually, with an annual increase in the average property price in Turkey 10%, and in Istanbul, the annual increase in the average real estate price is about 3.7%.

- Owning a property in Turkey has many advantages, starting with obtaining real estate residence, and ending with obtaining the Turkish citizenship.

- The real estate market in Turkey has not experienced any recession since 2002 and has faced many crises without causing any damage.

Contact with us …..

Featured Properties
Ongoing Project
ISTH 652 Luxury apartments for sale with Belgrad view in Maslak - ISTHOMES Real Estate
Citizenship approved
Ready To Move In
ISTH 317 Luxury apartments for sale wıth Bosporus view in Şişli - ISTHOMES Real Estate
Citizenship approved
Ongoing Project
ISTH 624 Luxury Apartments for sale in kağıthane - ISTHOMES Real Estate
Citizenship approved
Ongoing Project
ISTH 621 Luxurious apartments for sale in Beylikdüzü - ISTHOMES Real Estate
Citizenship approved
Ready To Move In
ISTH 531 A Luxury Project at the heart of Üsküdar - ISTHOMES Real Estate
Citizenship approved
Ongoing Project
ISTH 209 A luxury apartments with sea view in büyükçekmece - ISTHOMES Real Estate
Citizenship approved
Ongoing Project
ISTH305 A luxury residential investment project in the Asian Üsküdar IST Homes Real Estate
Citizenship approved
Ready To Move In
Bakirkoy /İstanbul
ISTH 47 Sea Front Luxury Project in Bakirkoy District in Istanbul
Citizenship approved
Ongoing Project
ISTH 61 Apartments in Excellent location for investment in Istanbul
Ready To Move In
ISTH 101 Mixed Used Luxury Project in Beyoglu Area in City Center Istanbul
Citizenship approved
Ready To Move In
ISTH 322 Bosphurs View Luxurious Apartments in The Heart Of Istanbul
Citizenship approved
Ready to move- Under construction
ISTH 617 High Quality Family Concept Project in famous Beylikduzu Area Near Marmara Sea
Citizenship approved
Ready To Move In
ISTH 323 Luxurious Apartments For Sale at Ritz-Carlton Residence in Nişantaşi / Istanbul
Citizenship approved
Find the property that suits your needs!
It’s easy to find the most suitable property for you with our propery widget.
We use cookies
We use cookies and other tracking technologies to improve your browsing experience on our website, to show you personalized content and targeted ads, to analyze our website traffic, and to understand where our visitors are coming from.