Do you intend to buy real estate in Turkey? So you should see a lot of information related to the real estate market in Turkey and the most important details related to it in order to ensure that your choice is 100% correct and completely free of errors and problems.
Through the following article, you can see the most important information that interests you about the real estate sector in Turkey. You can follow up if this interests you.
The most important types of real estate in Turkey:
The reatate market in Turkey is rich in many options that meet different tastes, opinions and budgets, and this is what made it the focus of the attention of many investors around the world, businessmen, capital owners and many interested in the real estate sector.
1 - Apartments of residential complexes:
Among the most important types of real estate and apartments in Turkey are the apartments of residential complexes, which are considered the most sought after by foreigners, according to a report issued by the Turkish Statistics Authority, and this is for many reasons, most notably:
* It is possible to have a safe and stable life in it, as it is provided with all means of protection and security such as security guards, surveillance cameras, alarms, and others.
*The distinctive view of the green spaces, forests, the sea, lakes, and other beautiful views.
*Construction companies often build these complexes in important strategic locations that increase the investment value.
* Most of these complexes contain a sauna - Turkish bath - steam rooms - swimming pools.
*It has designated walking paths –cycling paths- Meeting rooms - mosque - restaurant - school and others.
In this context, you should know that the prices of apartments in residential complexes are high compared to the prices of other real estate in Turkey.
2- Regular apartments:
Due to the high prices of apartments in residential complexes in Turkey, many people and foreigners choose to buy regular apartments in independent buildings, but you should know that this type of apartments are modest in specifications and advantages, as well as their prices are lower than others, and do not forget that they lack many of the services that are provided in the complexes which makes life there are some difficulties.
The specifications of ordinary apartments differ from one building to another and from one city to another. For example, the properties in Istanbul have different characteristics than what are found in another city.
3- Studio apartments:
Many people in Turkey need to live in studio apartments, especially as it is one of the tourist countries to which millions of people flock annually in order to see its archaeological and historical monuments and enjoy the beauty of its beautiful nature,there are many of them who come as immigrants looking for security and stability, and others for work, and among them are students in order to enroll in universities, and many come to Turkey for treatment, especially after the wide shift it has witnessed in the world of health. All of these groups need a small apartment to live in, because its space is small and sufficient for a person living alone, as well as its prices and costs.
4 - Villas:
Did you know that villas occupy the second place directly after apartments as the most requested properties for purchase by foreigners, local residents and tourists coming to them for several reasons, the most important of which are:
*A wonderful opportunity for housing and stability, as it gives its owner a lot of privacy, independence and comfort.
* A profitable investment opportunity for sure, as the demand for it is very large, especially in the tourist seasons.
* It has strategic locations and great views of the sea, greenery or forests.
*Villa prices in Turkey are constantly rising.
*There are many special offers you can have.
5-Penthouse apartments:
One of the most important types of apartments that you will find in Turkey are penthouse apartments, which are considered one of the modern terms that have occurred in the real estate market in Turkey and first appeared in New York, America and later spread their name in various countries of the world and these are its most prominent characteristics:
*They are located on the last floors of apartment complexes or tall skyscrapers.
*It is characterized by spacious areas, high luxury and modern design.
*Glass panels surround it all around instead of walls, giving it a great view of the city.
*Each apartment has its own private swimming pool and an external elevator, making it completely independent from the surroundings.
*It is considered the preserve of high budgets, celebrities and businessmen because its prices are very high.
6 - Duplex apartments:
Duplex apartments are characterized by spacious areas and modern specifications, and are considered a successful investment idea and a wonderful place to live and stay, especially if we are talking about members of a large family consisting of 8 or 7 people in order to obtain comfort and a wide independence, and it must be mentioned that it consists of two floors connected to each other with an internal staircase, each floor can be allocated as a separate apartment.
7 - Triplex apartments:
The specifications of the duplex apartments intersect with the triplex in many places, but the difference lies in the fact that the triplex apartments consist of three floors connected to each other by an internal staircase. Due to the large area that characterizes these apartments, part of them can be allocated to work as an office, gym or other ideas.
-Commercial real estate:
A wide category of investors choose to invest in commercial real estate because it is considered a very special idea, through which a high profit can be obtained because its rents are very high, and the tenant does not prefer to change his property a lot because this makes him lose customers and fame.
Add to your information that when investing in commercial real estate, you will not have to deal directly with the tenants or fix any errors that appear in the property because the tenant prefers to fix it in proportion to his work or project.
While if you choose to invest in residential real estate, there are a lot of problems that you will face such as making a property modification or incurring late rent payments.
Is investing in residential real estate in Turkey profitable?
Certainly it is, especially since the community's need for residential real estate will not stop in light of the high population density witnessed by the Turkish state and the great tourist seasons, where Turkey annually hosts millions of tourists.
Add to your information that apartments in Turkey record a significant increase in their prices annually, and according to real estate experts, prices will increase between 50% and 60% during the coming period, which makes the opportunity available to you to achieve the equation that says that you should buy when prices are low and sell when they rise to build a profitable real estate investment.
Is it possible to buy a property in Turkey easily?
It will come to your mind that you will not be able to buy a property in Turkey easily with the large population in the country, but the reality is otherwise, as many construction companies are working on the construction of modern and high-end projects commensurate with the volume of purchase demand, and the buyer can find various offers of different specifications.
Real estate prices in Turkey:
Despite the great distinction that characterizes real estate in Turkey, real estate prices in Turkey are somewhat low compared to the prices that you will find in European countries, the countries of the American continent or in many countries of the Arab world, as the Turkish government follows a certain policy in order to maintain prices are as they are.
One of the most important measures taken by the Turkish government in order for prices to be stable is its imposition of the real estate appraisal document, which controlled prices and prevented any manipulation by sellers and prevented the buyer from paying a lot of money in the wrong place, and there are specialized committees responsible for following up the real estate market and the progress of the construction process and the extent of compliance with the approved specifications and standards.
How to buy real estate in Turkey?
There are many steps that must be adhered to when buying a property in Turkey in order to ensure that your choice is completely correct and through the following paragraph you can view it in detail:
First: You must determine the goal that you intend to achieve by buying a property in Turkey. Are you looking for a place to settle or to invest in real estate, or do you want to obtain Turkish citizenship? Most of those looking for apartments for sale in Turkey consider this one of the goals they intend to achieve.
Second: You must study your financial balance well. Is what you own sufficient to cover all the procedures of ownership, or will you have to borrow?
Third: Do not buy a property in Turkey without the help of a specialized real estate company to provide you with the assistance you are looking for, because thanks to its many relationships with the most important construction companies in Turkey, you can put in your hands a lot of special offers commensurate with your goals.
Fourth: There are a lot of legal and routine procedures that you must abide by, such as extracting a real estate appraisal document, title deed, earthquake insurance document, and others.
Fifth: In order to ensure that you get the best offers available in the real estate market in Turkey, you must make field tours and visit the most important real estate projects to see the available specifications and prices, and here lies the importance of hiring a famous and specialized real estate company.
Is real estate investment in Turkey safe?
According to the studies presented in this context, more than 80% of those who buy real estate in Turkey aim to invest in real estate, as all the components of the available data confirm the importance of this step, as it is possible to obtain a high and abundant profit, especially during the tourist seasons and with the predictions that Indicates higher prices in the future.
What makes real estate investment one of the best investment options at all is that real estate prices cannot remain on the same condition for a long time, as they are constantly rising as a result of the great and continuous demand for them.
The importance of buying real estate in Turkey:
There are many advantages that can be obtained when buying real estate in Turkey, the most important of which are:
-Obtaining real estate residency, which is the best ever thanks to its many advantages and ease of access.
-Obtaining Turkish citizenship when buying a property with a value of not less than 400 thousand US dollars or more.
- A suitable and developed environment for housing and stability, where the Turkish government is working to improve all areas and sectors in Turkey.
-Ease of procedures for owning and buying real estate in Turkey and completing all the details in a few days.
-Tax cuts provided by the Turkish government.
-Exemption from value added tax for foreigners who buy for the first time in Turkey.
-The abolition of the principle of reciprocity in 2012.
-Those who do not have the price of the property in cash can buy an apartment in installments, and construction companies offer many distinguished offers.
-It is possible to buy an apartment under construction, as its prices are cheaper than ready-made properties, and after the completion of the construction stages, prices rise by a high rate ranging between 35% and 70%.
-Turkey has a developed and modern infrastructure that competes with the most important countries in the world, among the most prominent of these projects:
*the new Istanbul Airport, the new Istanbul Water Canal, the Eurasia Tunnel, the Basaksehir Medical City and many others.
-Modern and high-end advanced projects.
-The booming Turkish economy has outperformed many of the world's economies thanks to the strategic plans put in place by the Turkish government.
In the context of talking about real estate in Turkey, it is necessary to point out a very important thing, which is that the present time is the best option for buying real estate.
Turkey is an important alternative to the Middle Eastern countries that are experiencing many crises, wars, and others. Turkey has proven itself at the present time and ranked fourth in the world as the most important destination for real estate investment at all.
This is the most important information that you should know about the real estate market in Turkey. If there are more questions, you can contact our consultant to get accurate answers and do not forget to visit our website constantly because we provide you with the most important information you are looking for.
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