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How do you know the real price of real estate in Turkey

How do you know the real price of real estate in Turkey

When you are in the process of buying or owning a property in Turkey, the first question that comes to your mind is knowing real estate prices, or at least getting a broad idea of ​​them because your lack of knowledge or awareness of the matter only indicates that you are likely to be a victim of real estate fraud.

Given the importance of this topic, the editorial team at Ramzy Real Estate has prepared the following report for you, in which it will discuss the issue of (how to know the real price of real estate in Turkey).

We wish you an enjoyable reading.

 

An idea about real estate prices in Turkey:

First of all, you should take a look at the prices of real estate and apartments in Turkey, are they high or appropriate? In general, if you compare the prices of real estate in Europe and those in Turkey, you will find that the prices in Turkey are low and acceptable.

According to the American newspaper The Times, real estate prices in Eastern Europe are 50 to 60 percent higher than prices in Turkey, and prices in Western Europe are significantly higher than Turkey, ranging from 80 percent to 90 percent.

Real estate prices were one of the main reasons that encouraged foreigners and investors around the world to choose to own property in them over other countries in the world.

 

real estate prices in Turkey

 

Find out the real price of your property in Turkey:

One of the first things that you should do before buying a property in Turkey is to see the factors that affect its value so that you do not have to pay thousands of Turkish liras.

Through the following paragraphs, we will introduce you to all the main and secondary influences on the price of real estate in Turkey.

The location where the property is located:

An important piece of information to keep in mind is that the location of the property is one of the main factors that contribute to determining the value of the property. When its importance increases, the price of the property rises with it.

- The property is near and far from the city center.

- Proximity to public transportation.

- Is it in luxury or middle-class neighborhoods?

- If it is close to strategic projects.

 

Property view:

The view of your property determines its value. The more distinguished it is, the higher the value of the property, but how do you know that it is really special? When at sea, on the lake, or on green spaces, parks and forests.

For example, an apartment overlooking the Bosphorus in Istanbul is different from the prices of an apartment overlooking the city streets.

 

Property area:

Are you thinking of buying a property with a small area or a large area? One of the established rules is that the larger the area of ​​​​the apartment or property, the higher its value.

 

property condition:

What is meant by property status? Whether it is under construction or ready to move in, it is known that ready-made properties are more expensive than properties that are under construction.

Is it a newly built property or is it old? New properties are more expensive (did you know that it is recommended to invest in new properties because their prices are constantly increasing?).

 

Property Specifications:

- Is the decor modern or classic?

- paint.

- Is the property furnished or unfurnished?

- Is it in a residential complex or in a separate building?

- What services are available in construction?

In the context of talking about real estate prices in Turkey, it must be noted that the way you buy the property determines its value. If you pay for it in cash, it will be cheaper if you buy it in installments or take a loan from a bank in Turkey.

 

Direct reasons determine real estate prices in Turkey:

Away from all of the above information mentioned above, there are more factors that lead to an increase or decrease in prices, the most important of which is the change in the value of the Turkish lira against foreign currencies, which affected the real estate sector and was one of the main reasons that increased prices.

In your opinion, has the exchange rate of the lira changed positively or negatively on the property? Some may think that it is negative, but in fact it is very positive, especially for foreign investors who will have to sell the dollars they have in order to pay for the property in Turkish lira. This is one of the conditions stipulated in the Turkish constitution.

The movement of buying and selling in the real estate market in Turkey casts a shadow over its price. When the demand for purchase increases, the volume of real estate available for sale decreases, and thus its price increases. (It is recommended to be well-aware of the market to choose the ideal or appropriate time to buy, as the clever investor buys the best real estate at the most appropriate prices and sells at the highest).

real estate prices in Turkey

 

 

Are real estate prices in Turkey stable?

Yes, it is somewhat stable compared to other countries, thanks to many reasons, the most prominent of which is the imposition of the Turkish government on those who will buy a property in Turkey to extract the real estate appraisal document that controlled real estate prices and did not make it possible for sellers to manipulate prices as they like without controls.

Add to your information that it supervises the construction of residential and investment projects in order to ensure that the required standards are adhered to without prejudice to any of them. (In other words, you will not only get an affordable property, but also of high quality).

What we can tell you is that according to expectations, the prices of apartments and real estate during the coming period will rise significantly, ranging between fifty and sixty percent. If you want to own, the current period is the best as it allows you to obtain a high return in the future when you want to sell.

A comprehensive article about real estate prices in Turkey and how you can determine the price of your property in it we discussed it, but since the matter is a lot of inquiries about it, you may not find the adequate answer for you. You can contact our consultants to provide you with all the help you need.

 

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.

 

Editing by Ramzy Real Estate Team ©

 

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