Reasons behind villas' prices variation in Turkey

Created: 2022-09-07
Last Updated: 2024-04-19
Views: 1121

Content Index

First general factors:
- which city are the villas located:
- Type of villa:
Second, villa-specific factors:

No one can deny that one of the distinguishing features of Turkey is the diversity in all fields, the diversity in its nature as it has the sea, green plains, valleys and mountains, as well as the diversity of its features between tourist attractions dating back to the Byzantine era or the Ottoman era, which makes the tourist activity in it also diverse, also, the diversity in its economic activities, as there is trade exchange in the food, pharmaceutical and timber industries.

Also, the diversity of the nature of the areas, there are some areas for the elite and there are other areas for the middle or lower classes, this diversity is reflected in the real estate market in Turkey, which enjoys by plenty of real estate options between apartments, commercial real estate, hotel apartments, villas, lands and many other properties, this diversity also affected the prices of all services and products, as well as real estate. There are apartments for 50 thousand dollars, while there are some apartments that exceed a million dollars, as well as villas. There is a great discrepancy in the prices of villas in Turkey, as it varies from one district to another or far from the city center or away at the outskirts of the city, where there are cheap villas with prices ranging from 600 thousand to 2 million dollars, while we find villas in important areas of Istanbul with prices ranging from 2 million to 30 million dollars, in this article we will discuss the causes and factors that influence and control the prices of villas in Turkey.

In fact, there are two types of factors that control the price of villas. There are general factors such as the city in which the villas are located, and the purpose for which the villas are intended, is it a tourist, residential or investment villa, as well as special factors related to the villa itself, such as space, number of rooms, age of construction and other factors that we will mention it in detail in this article.

First general factors:

which city are the villas located:

Each city has some characteristics that distinguish it from other cities, Istanbul is the tourist and economic capital of the Turkish state, while Antalya is characterized by its charming sandy nature because it is located on the Mediterranean Sea, while Trabzon is “Turkey’s paradise” due to the vast green spaces in which the lakes sparkle to paint a wonderful painting of green plains embraced and surrounded by mountains, and therefore the city in which the villa is located is one of the factors affecting the price of villas, to learn more about the best cities to buy villas in Turkey click here.

Type of villa:

Turkey contains more than one type of villas, and this leads us to the fact that these types of villas will not be at the same price, here in Turkey there are three types of villas in Turkey:

Normal villas: They are the most widespread in Turkey, and this type of villa is characterized by a number of advantages, starting with spacious areas, beautiful decorations, in addition to the plenty of facilities such as swimming pools and gardens surrounding the villa.

Tourist villas: These villas are located within city centers and near the most important tourist areas. These villas are a like to normal villas in terms of spaciousness and luxury in design. They are distinguished by the fact that their prices are more expensive than the previous type because of its purpose which is tourism investment and rental for tourists coming for a short period to spend their vacations. As these villas are for investment purposes for not for housing.

Historical villas: The prices of this type of villas are very high and date back hundreds of years, and this adds a special beauty to them. and this category of villas is the most expensive, these villas are luxurious and elegant and resemble palaces, as they are more than just a villa, and perhaps the villas on the Bosphorus Strait are the best proof of that.

Second, villa-specific factors:

There are several special factors related to the villa itself, such as its area, age and condition of the villa, whether it is within a residential complex or not, its location within the city and other factors, including:

1- The area and its nature:

The closer the villa is to the city center, the higher the price of the villa is, and the more it is on the outskirts, the lower the price is. Areas such as Besiktas or those areas near the Bosphorus in Istanbul, the areas that are within the old city center, are the most expensive areas in Turkey and not only in Istanbul.

2- Within a complex or a separate villa:

Villas within a residential complex are usually much more expensive than their separate counterparts in the same area, because the residential complexes are more secure and guarantees greater privacy for its residents of the villa, and has many unlimited services such as football fields, basketball, Turkish bath, saunas, and there are complexes with international schools, hotels or horse tracks.

3- Villa views:

The location of the project and its view control the price of the villas, the projects that are close to the Marmara Sea or those that have a view of the Bosphorus strait are always more expensive than other counterparts.

4- The shape and type of the villa:

There are 3 types of villas, there are townhouse villas, which are the cheapest type of villas among the other types, and these are suitable for middle-class families who aspire to have a higher privacy than that they can get from an ordinary residential apartment, and there are normal villas, which are known to everyone, which consist of five rooms or more and are often designed for the family, and have a large gate and a large front garden and a number of independent recreational services such as a swimming pool and a back garden, and in some villas they have Sauna, jacuzzi, steam bath and other services which give the family a high level of luxury and privacy, and this type is not required to be inside a residential complex or not, this type of villas may be separate outside a complex.

Also, there are Twin House villas, which are two houses connected on one side with a single exterior design, and each of them has a garden surrounding it on three sides, and each villa has its own entrance, and they are surrounded by a special fence. This type of villa is usually for large families. To know the types and shapes of villas, click here.

5- Villa area:

The size of the villa, the number of bedrooms, the number of bathrooms, the number of balconies, control the price of the villa. the larger the villa, the higher the price.

6- The quality of the interior finishes of the villa:

It is one of the most important factors affecting the price of the villa, the more first-class materials used in the finishes, the higher the price of the villa, especially if the villas are within a residential complex.

7- Condition and age of the villa:

The age of the villa controls its price. If the age of the villa is zero, the price is more expensive than those over 20 years old, and the condition of the villa is one of the factors affecting its price, as it is related to its age, for example, the old villas may be in dilapidated condition due to their aging, while the new villas are much better condition than the old one. There are old villas, but due to the ongoing renovations, their condition is like new villas.

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.

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