Evidence revealing real estate prices in Turkey

Evidence revealing real estate prices in Turkey

Before you buy real estate in Turkey, you should look at their prices, the factors that affect them, the reasons that lead to their rise, and many other details that you must take into account to help you know the real price of the property you intend to buy.

In this article, the editorial team at Tamam Lama Real Estate Company will shed light on some important aspects related to real estate prices in that country, an enjoyable read.

How do you define the real price of a property in Turkey?

Here are the most important guides that help you discover real estate prices in Turkey:

If you are thinking of buying a property in Turkey, it is important to know how to calculate the real price of the property. There are some factors that can affect the price of real estate, and it is important to be aware of them so that you can make an informed decision when you are ready to buy.

 Usually, real estate in big cities like Istanbul costs more than real estate in smaller towns or rural areas. The second factor is the size of the property. Obviously, a larger house will cost more than a smaller one. The third factor is the age of the property. Older properties are usually cheaper than newer ones. .

On the other hand, as a foreigner, it is difficult to know the prices of the real estate market in that country, and there are many ways to know them. The most common way is to ask people involved in the real estate market in Turkey, and you can also search for websites specialized in providing information on this subject.

The reasons for the high real estate prices in Turkey:

There is a wide range of causes that led to the rise in real estate prices in Turkey, including:

-  The Turkish economy has grown rapidly in recent years, and this has led to an increase in the demand for real estate.

- Turkey is a stable country with strong democratic traditions and this makes it an attractive destination for investors looking for a safe place to invest their money.

- Turkey is located at the crossroads of Europe and Asia, making it an ideal base for companies wishing to operate in both markets.

- Turkey is one of the most popular tourist destinations in the world.

- The land area suitable for development is limited in Turkey, which leads to higher prices.

- Population growth also contributes to a higher demand for housing, which in turn leads to a higher housing stock.

- The government offers a number of incentives to encourage investment in the real estate market, which helped raise prices.

How to buy cheap apartments in Turkey?

The real estate market in Turkey is not devoid of offers or options suitable for everyone, even for those with low budgets. Here are the most prominent ways that allow you to get cheap or moderate-priced apartments.

First: look for apartments that are still under construction:

The prices of apartments under construction are lower because the developers are keen to sell all the apartments in their buildings, so they offer discounts to buyers who want to wait until the construction is completed.

You can often negotiate a better price and since builders are keen to sell quickly, they are usually open to negotiating the price, especially if you are buying more than one apartment.

You have more time to do your due diligence. When you buy an already built apartment, you have to make a quick decision and there is less room for negotiation and with an off plan apartment, you can take your time to make sure the developer is reputable and the build quality is up to your standards.

Second: look for apartments in rural areas:

If you are looking for cheap apartments in Turkey, your best bet is to look in rural areas, and while apartment prices in urban areas have increased in recent years, rural areas have remained relatively affordable.

Of course, there are things to consider when choosing a rural apartment over an urban one, as rural areas tend to be less developed, so you may not have access to the same amenities as if you were in the city.

Third: Look for old-built apartments for sale:

There are many reasons to buy an old built apartment in Turkey and the most important reason is that old apartments are cheaper than newly built apartments and also, old built apartments have a more central location and finally, these apartments have a more traditional architecture which is in line with the culture of Turkey.

The most expensive real estate in Turkey is overlooking the sea?

Real estate buyers in Turkey are willing to pay a high premium for a sea view, and construction companies are well aware of this, which is why some of the most expensive properties in the country are those that offer stunning views of the Mediterranean.

If you're looking for luxury property in Turkey with a stunning view, you'll need to be prepared to pay a steep price tag but it's all worth it - nothing like waking up to the sound of the waves and watching the sun set over the water.

Villas are among the most expensive properties in Turkey:

Villas are among the most expensive properties in Turkey, for example, the cost of a villa can reach $5 million, but there are many other factors that must be taken into account when searching for suitable offers, including:

- Villas in Istanbul will be more expensive than those in other parts of the country but if you want to be close to the city, you will have to pay more.

- The size of the villa is another important factor to consider. If you want a big villa then you have to pay more but if you are just looking for a small villa then you can find a villa at a lower price.

- The age of the villa is another factor that will affect the price, and old villas are usually cheaper than newer ones.

Advantages of real estate investment in Turkey through TamamLama Group Real Estate Company:

- We have intimate knowledge of the real estate market in Istanbul and can help you find the perfect property that suit your needs and budget.

- We offer a full range of services, from helping you find the right property to managing the purchase process and even providing post-purchase support.

- We have helped hundreds of clients find suitable properties to obtain Turkish citizenship and real estate residence in Turkey.

- We have a wide range of the finest villas for sale in Istanbul.

- We make the process of buying an apartment in Turkey easy and convenient, and we take care of all procedures

Real estate prices in Turkey are volatile and will often record a significant increase during the coming period as a result of the increasing demand for it and other factors. If you intend to own property in it, do not hesitate before contacting our real estate consultant so that he informs you of the most important offers and options available. Prices are still stable, quality is high, and opportunities are unlimited.