House prices in Turkey 2021

Created: 2021-11-25
Last Updated: 2024-04-25
Views: 2068

Content Index

The most important details about house prices in Turkey during the current year 2021:
What is the future of house prices in Turkey?
What about investing in real estate in Turkey at the present time?
What are the most Turkish states that recorded an increase in real estate prices this year?
What is the role of Turkeys geographical location in the rise in house prices this year?
What are the types of houses that record the largest increase in their prices in Turkey?

When you are in the process of buying a house in Turkey, you are faced with many questions and details that you would like to find an answer to before embarking on this trip. One of the first questions you would like to get an answer about revolves around what are the prices of houses, are they high? or low? And what will be the situation in the coming period, according to expectations? Is this the best time to own a property in Turkey?
Many details about this topic will be answered in the following article.

The most important details about house prices in Turkey during the current year 2021:

Since the beginning of this year, real estate prices in Turkey have recorded a noticeable increase, which indicated that the real estate sector has almost recovered from the recession it suffered in the past year due to the Corona pandemic, and these are among the most prominent reasons that led to the rise in real estate prices in general:
- As a result of the Corona crisis, many real estate projects have stopped construction work, and work will be resumed at a later time, and with the Turkish government allowing foreigners to own real estate remotely, there has been a discrepancy in the volume of demand and supply for these properties, and thus the result was an increase in their prices.
- With the increasing demand for obtaining Turkish citizenship through real estate ownership, many construction companies have directed their compass towards establishing projects that conform to the conditions of Turkish citizenship (the price of the property should be no less than two hundred and fifty thousand US dollars + a pledge not to sell it before the lapse of three years).
- The economic recovery that Turkey witnessed this year, which reflected positively on the real estate sector, especially with expectations that its growth could reach ten percent.
- Turkey is recording a clear increase in the number of its development projects, which are considered to have a significant impact on real estate shops in Turkey.
- Turkey is witnessing a remarkable population density, in addition to the large foreign influx from different countries of the world, in a desire for safety and stability for some, and for another group, Turkey is an important investment scene.
- This year, Turkey opened its doors in front of tourists, and during the first ten months of the year it recorded the arrival of 17.6 million tourists.

What is the future of house prices in Turkey?

According to the data and studies presented in this regard, it is expected that the prices of houses in Turkey in the coming period will record a significant increase in their prices, as a result of a number of reasons, most notably the increase in demand around them / the urban transformation projects that are sweeping them / the luxury and sophistication they enjoy / and this is one of the Expected upon completion of the construction of a number of important projects that are being built, such as (the new Istanbul Water Canal).

What about investing in real estate in Turkey at the present time?

This is one of the most common questions that concern those who are about to invest in a property in Turkey, especially since the Turkish lira is fluctuating against foreign currencies.
According to a number of specialists, this is what we can call the golden investment opportunity, but it needs intelligence and knowledge of the right time to seize the real estate opportunity with high specifications and the right price, and then resell it when prices rise, (to be a successful investor you have to be a skilled huntsman).

What are the most Turkish states that recorded an increase in real estate prices this year?

Istanbul topped the list of Turkish cities selling real estate this year, and thus recorded a significant increase in the prices of its properties, especially apartments.
As for the second place, it was occupied by the Turkish capital, Ankara, in the states selling real estate, and the third place was taken by Izmir.

What is the role of Turkey's geographical location in the rise in house prices this year?

The geographical location of the Turkish state plays an important role in influencing the prices of real estate in it, as it is in the middle of the world on the one hand and on the other hand it overlooks the most important seas and on the third hand it extends within two continents at the same time.
After the house prices in Turkey increased significantly, did this constitute an obstacle for those who wish to buy a house in Turkey?
Real estate prices in Turkey maintain its global position, as it is lower than real estate prices in other countries in several stages and sometimes drops to fifty percent of real estate prices in Europe or the United States of America and some Arab countries.

What are the types of houses that record the largest increase in their prices in Turkey?

Residential complex houses are considered the highest as a result of the comfort, luxury and modernity they bear for those who live in them. They also provide high and distinguished investment returns, especially in the tourist seasons.
So, house prices in Turkey are taking an upward trend, and this is an indication that the investment future for them will be full, with profits and high returns, in light of what Turkey is witnessing political stability and economic development.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
Our services:
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.

#apartments #istanbul #turkish_citizinship

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