In recent years, the real estate market in Turkey has witnessed a significant increase in real estate prices, and this rise is only a result of the increased demand for real estate, especially after the increase in the number of Arab and foreign real estate investors in Turkey in order to invest in real estate and buy real estate, as the real estate market in Turkey has become one of the great opportunities to achieve investment success and profit for most businessmen.
Check out the real estate market in Turkey:
The real estate market in Turkey is one of the most important and most successful real estate markets in the world. The multiplicity and diversity of real estate in Turkey is one of the most important features for those wishing to buy real estate and real estate investment.
The real estate market in Turkey covers all the objectives of investment projects, whether they are tourism, residential, commercial or industrial.
The investor is always looking to get the best prices before starting a private investment project, as the real estate market in Turkey provides the best and most suitable prices for most investors wishing to buy real estate in Turkey, the investor can find a property, apartment or house at a price that is considered cheaper compared to the nearby European countries, and from here real estate prices in Turkey can be described as cheap or appropriate.
This moderation prompted many investors to turn to the real estate market in Turkey, which reflected positively on the market movement, which has become dominated by activity and movement in the daily transactions of buying and selling.
Real estate price developments in Turkey:
Real estate investment in Turkey today has become one of the most successful opportunities to make profits for investors due to the many advantages in real estate investment in Turkey. Turkey today is one of the most powerful global countries on the political and economic levels, in addition to its distinguished geographical location, as it links between the three continents of the world, which led to developments in real estate prices and a state of activity And the movement witnessed by the Turkish real estate market, which has become one of the most important global markets today.
Perhaps the most important reason for developments in the real estate market in Turkey is the increasing demand by investors, as it witnessed increasing growth and became the destination of many investors. This demand generated an increase in demand, which led to a gradual rise in prices.
Among the reasons for the increasing demand for the real estate market in Turkey:
The development and urban designs witnessed by Turkey in the recent period.
Turkey's political and economic standing.
Successful projects and previous experiences of investors.
Arabs find in Turkey closeness in social values, customs and religious traditions, which prompts them to travel to Turkey in order to invest, especially real estate investment,
While foreigners consider it similar to their country in terms of urban development and public services provided by the Turkish government.
Prices that are cheaper compared to investors' countries.
The population increase that Turkey is witnessing also has an impact on the movement of the real estate market in Turkey. The increase generates increased demand, and the increase in demand generates an increase in the price. Most of the requirements of Turkish citizens were to obtain housing close to government centers and public facilities and close to universities, schools and hospitals, which led to a rise in the prices of houses and apartments in cities, especially huge Turkish cities such as Ankara - Istanbul and other Turkish cities.
Real estate prices in the first half of 2022:
The price of real estate in Turkey, which is described as moderate compared to real estate markets in the neighboring countries of Turkey, is one of the most important factors that attract investors to buy a property in Turkey, the price is the first thing that the investor studies to compare the budget of his investment project with the required price, as investors want to achieve financial profits by buying a property in Turkey, If you compare it with European and foreign prices, it is considered low even though it contains all the components of foreign real estate from urban designs, modern technologies, infrastructure, high quality building materials and many many features that make it comparable to European homes and real estate.
If we compare prices in the real estate market in Turkey, we find that prices in the Istanbul real estate market are high compared to other Turkish markets, due to the importance of the city in terms of tourism and economics, and the special increasing demand for the Istanbul real estate market.
The first half of 2022 witnessed an increasing growth in price compared to last year, and this is an indication of the state of prosperity, price stability and economic growth that Turkey is witnessing, which reflected positively on the real estate sector in Turkey.
Future expectations of real estate prices in Turkey:
Most expectations of economic experts and observers of the state of the real estate market in Turkey indicate that prices will continue to rise in the coming years. The Turkish government still provides all facilities that will increase the investment movement in the country, especially real estate investment, as it grants real estate residence to investors who buy real estate at a price greater than 75 thousand US dollars and it grants Turkish citizenship to real estate investors worth 400 thousand US dollars or more, and therefore this continuation of these facilities will increase the number of investors in the coming years, which means the continued rise.
The Turkish government's endeavor to develop the service sector in most Turkish cities and the continuous support for the infrastructure would make real estate prices in Turkey rise continuously, as it seeks urban development and support for real estate investment projects and construction of residential complexes, which means that the real estate market in Turkey will witness a state of stability and gaining more strength, which will reflect positively on the movement, and therefore the demand will continue, which means the continuation of the rise indicator.
Factors that determine the price of real estate in Turkey 2022:
1. The state or city in which the property is located
2. The activity of the area and the infrastructure of the area in which the property is located
3. Proximity and distance from city centers, government service centers or major projects such as the Istanbul Water Canal, where real estate prices near them are very high
4. The view that the property enjoys
5. Proximity to tourist areas
6. The type of property itself (commercial - residential - tourist)
7. Local and global market movement
8. Type of payment (full payment - installments)
All of these things and the previous factors are related to determining the price of real estate in Turkey.
In order to constantly see the state of the real estate market in Turkey, you can contact our real estate consultants to provide you with all the answers you are looking for.