The laws related to foreign ownership of real estate in Turkey have recently been amended and that was a short time ago, as all real estate prices have risen rapidly, and many Arab and foreign nationalities have the right to own real estate of all kinds within the state of Turkey, this led to the diversification of apartment prices in Turkey and brought about many developments.
About the prices of apartments in Turkey
Apartment prices are expected to increase in all cities of Turkey, based on forecasts that it is expected to rise by 50 to 60%, which may occur during the current year, and in fact, prices have begun to rise significantly.
Real estate prices in Turkeyhave begun to rise since the Turkish government issued the abolition of the reciprocity law in 2012, which allowed all foreigners around the world to own real estate in Turkey. This increased demand created a lack of supply in front of the demand rate.
At that time, a package of real estate and investment laws that positively encouraged the prices of apartments and achieved the common and permanent interests of both parties were issued.
The government of Turkey and some real estate companies in its own sectors have played leading roles, in order to encourage real estate investment in Turkey, by providing special offers and many facilities for owning apartments in Turkey.
In addition to encouraging new real estate projects, This will have a positive impact on the prices allocated for ownership apartments in Turkey.
Various payment methods are also provided to meet the needs of investors, and a distinguished group of options are offered in convenient installments, and the reason for this is to make the prices of apartments within Turkey within the reach of all budgets, and for all social and investment segments.
In addition to the political, social and economic stability that the State of Turkey enjoys, which ensures the protection of apartments and all other real estate, which have been purchased in Turkey, with their prices rising in varying proportions that guarantee high profits for investors over time.
Are the prices of apartments in Turkey cheap:
What attracts Arab investors the most is the cheapest apartment prices in Turkey, if we compare it with European countries, Istanbul, which is the economic capital of Turkey, and the largest city in the world in terms of population density, as well as enjoying a good tourist location, and promising investment values, but the real estate prices in it are cheaper than what you will find in similar cities in terms of importance, especially in European countries.
The American newspaper The Times recently stated, explaining that real estate prices in Turkey are still so far less than the normal price by approximately 50% to 60% compared to real estate prices in Eastern European countries.
Turkey also provides foreign investors with better opportunities in terms of real estate prices, in addition to huge rental returns, which may reach 5.4%.
Factors affecting the prices of apartments in Turkey:
There are several factors that determine the price of apartments in Turkey, and through the following paragraph, you can see the most important of them:
The type of city and its importance
The commercial, tourist and industrial advantages of each area, and its proximity or distance from the sea, are among the most important reasons that determine the prices of apartments in it.
There are huge numbers of tourist cities available inside Turkey, such as Istanbul, which is considered the most important, due to the presence of beaches, places of entertainment, and archaeological and tourist attractions. It is also considered the most expensive city in Turkey, in addition to the high prices and costs of living in it.
Among these cities, the city of Trabzon, Antalya, these cities are of great importance like the city of Istanbul due to several reasons, including the nature of these charming and attractive areas, as well as the tourist advantages.
Prices are also relatively low, and the demand decreases the closer we get to the inner cities, such as Konya, Şehir, Eski, Gazi and many other cities.
The location of the apartment in relation to the city
There are several important factors on the basis of which the price is determined. These factors are related to the strategic location of the apartment, and how close or far it is from the city.
Proximity or distance from tourist places such as beaches, sea views, parks, and famous archaeological sites such as ancient palaces, museums and entertainment venues, is one of the main factors on which the price of the property is determined.
In addition to the proximity to airports, main streets, and places of transportation such as the metro or the rapid bus line ( metro bus) and highways.
Thousands of investors are also expected to come after the opening of development projects in Turkey, for example, Istanbul's third airport, the new Istanbul Canal, where work began on these projects several years ago, and a huge rise in apartment prices is expected, once the completion stages of these major projects are completed. .
Also, proximity or distance from the city center plays a very important role in determining prices and their rise most of the time, such as the Basaksehir area, which is the new center of Istanbul, and is characterized by its excellent prices for apartments.
Interior specifications of the apartment:
The interior specifications of the apartment, the building materials used in it, and the splendor of the designs play a key role in determining the price of the apartment, and this is what we will learn about in the following lines.
First: The total area of the apartment, the number of rooms allocated to sleep in it, as well as the number of bathrooms and balconies, the year in which the property in which the apartment is located, the extent of the apartment’s readiness for housing, or the date of its receipt, and the quality and quality of the cladding..
The future of real estate prices in Turkey:
It is expected by economists that the Turkish real estate and construction sector will continue to grow, and therefore it is an opportunity to achieve profits and high returns.
And that Arab, foreign and European investors also continue to give their attention to these two sectors, as a result of the profits that will return to them, due to the continuous improvement in the prices of apartments inside Turkey.
Statistics related to Istanbul's need for nearly two million new homes have been estimated, which is the reason why all private and government construction companies are working to start constructing new housing projects, which is an important indicator of the growth of prices related to apartments in Turkey in the future.
Why to choose zoom real estate company for a real estate investment trip in Turkey ?
– helping you finding suitable properties for real estate investment and obtaining Turkish citizenship.
– We offer extensive real estate services in Antalya, where we have
Villas for sale in Antalya with the most beautiful views in addition to all types of residential, commercial and hotel properties .
– Our services extend to various areas of Istanbul where you can find luxury properties for sale that meet your wishes.
– We have properties for sale in Turkey in installments .
– Investing in earthquake-resistant buildings in Turkey and ensuring the best service standards
Most of the time some clients are looking for answers to their frequently asked question: How much are apartments in Turkey?? And what are the latest developments? Therefore, you should constantly follow our website and communicate with our real
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