Many factors affect the prices of apartments and real estate in Turkey, get to know them to know the right time.

Prices of apartments in Turkey 2022

Date:

Monday, March 14, 2022

Many factors affect the prices of apartments and real estate in Turkey, get to know them to know the right time.

Prices of apartments in Turkey 2022

Real estate prices in Istanbul vary depending on a combination of several factors, and the question about price remains at the forefront of questions asked by Turkish and foreign investors and real estate developers.

as each property and house in Turkey has its own price, which is determined by the meeting of several factors and foundations. In general, real estate prices in Turkey, including homes, are considered Or homes are acceptable and even competitive prices, especially when compared to other similar real estate in a European country.

The competitive prices for homes and real estate in Turkey are among the most prominent features of real estate and increase its importance and attractiveness to investors from all over the world and nationalities.

How are the prices of apartments in Turkey determined?

There are a number of factors to determine the prices of apartments in Turkey, including

Apartment location

Real estate located in the city center will sell more than an apartment on the edge of the city and far from the city center and properties located in a vital location where everything that meets your needs and requirements is within walking distance will definitely have a higher market value than properties that are completely isolated Or it is located in a deserted area in Turkey, as the site has a key role in determining the prices of apartments in Turkey, where real estate prices in the same area sometimes differ.

Apartment specifications

Specifications of the apartment in terms of area, number of rooms, number of bathrooms, and number of balconies, is it within a separate building or a residential complex, the age of the building new or old, the condition of the property under construction or ready, as well as the area of the apartment because the area has a major role in determining the prices of apartments in Istanbul or Turkey and all the things that have been mentioned contribute to the difference in house prices in Istanbul or Turkey.

The location of the property near important major projects

Such as: the new Istanbul Canal, Istanbul Airport, and Istanbul's commercial malls, where these properties are witnessing a clear rise in their prices.

Attractive views

Like the property is located in a coastal area and has a sea view.

Services and facilities available in the residence

The prices of real estate in Turkey, which are located within residential complexes, must be higher than the apartments located in a separate building, and the reason behind this is that these complexes provide residents with a wide range of first-class services and facilities that work to meet the daily needs and requirements of residents.

Properties that offer close proximity to services such as shopping malls, cafes, restaurants, cinemas, supermarkets, schools, hospitals, pharmacies, subway and bus stations will always have a higher value than properties far from these amenities.

All of these factors are a guide in determining the prices of apartments in Istanbul and in determining the price of any property in any Turkish city, as there is no specific price for trading in the real estate market, due to the diversity of the factors involved in determining the price of the property in Istanbul.

And even in terms of price in particular, there is a permanent fluctuation in the value of a square meter in a specific area, in response to the global economic movement.

The price of the same apartment may change many times and with various values within one week.

Recently, the "New Home Price Index in Turkey" report was released, which is prepared periodically, in cooperation between the Real Estate Investment and Development Information Network (REIDIN), and the Association of Real Estate and Real Estate Investment Partners in Turkey (GYODER). It states that the price of a new home in Turkey has increased by 107.80%, the largest increase in 11 years! This is due to the economic growth witnessed by Turkey in the recent period.

Is there a fixed price for real estate in Istanbul?

All of these factors are a guide in determining the prices of apartments in Istanbul and in determining the price of any property in any Turkish city, and this process requires you to have good experience and knowledge of the real estate market and keep up with it daily.

As there is no set price for trading in the real estate market, due to the diversity of the factors involved in determining the price of the property in Istanbul...

And even in terms of price in particular, there is a permanent fluctuation in the value of a square meter in a specific area, in response to the global economic movement.

The price of the same apartment may change many times and with various values within one week.

Despite all these variables in the Istanbul apartment price guide, the permanent advice remains .. the advice of grandparents, which says that the property at any time remains a property and its value never decreases, unlike money and other things.

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