| Date: | Thursday, January 12, 2023 |
The Turkish real estate market is a market full of vitality and constant movement, despite the global and local economic .
What do you know about the importance of Turkish real estate?
The Turkish real estate market is a market full of vitality and constant movement, despite the global and local economic crises, the Turkish real estate market continued to compete globally, and today Turkish real estate is comparable to European real estate, as they are unique properties and have many characteristics that distinguish them from their counterparts in other countries, all of these The factors, and to which we add the Turkish real estate laws and their smoothness, have made Turkish real estate a target for every Turkish or foreigner for housing and investment.
What do you know about real estate prices in Turkey?
Like other economic fields, prices vary from day to day, so we cannot set a fixed price per square meter for agricultural or residential, or the price per square meter for Turkish apartments, because this price is determined according to many factors and variables related to the global and local economy and specific to the property specifications.
Brief description of Turkish real estate prices
In short, if we want to talk about real estate prices in Turkey in general, regardless of the factors and peculiarities, we can say that real estate prices are appropriate, acceptable, and competitive, if compared to real estate prices in other countries.
How do you know the real price of a particular Turkish property?
To determine the real price of a house, apartment or any property, you must be aware of several things, and conduct custom studies on these matters that will determine the real price of your property.
Do not hear the words of the street!
Very important advice, it is worth noting that, if you are about to buy a property in Turkey, and you want to know the real price for it, then you should go to a real estate expert and specialized and reliable real estate companies to take accurate information and advice, the words of the street are never accurate, Since the person you ask about the real price of a particular drug will answer you based on his experience, which may be positive or negative, and not based on existing abstract data.
Now learn about the factors that determine the real price of a property
There are many factors affecting the issue of determining the real price, and these factors may or may not be apparent and visible.
We start with the location, the property located in the city center of Istanbul, for example, its real price is not equal to the real price of a property similar to it with all specifications, but is located in the suburbs, if “the real price of the property increases the closer it is to city centers.
How about the look ...?
Certainly an apartment that overlooks the Bosphorus, the Sea of Marmara, or Lake Tanga, the real price will be high compared to the real price for an apartment with a view on the public street or a public park.
As the rise in construction, the property gains a wider view, and thus the price of the property increases with the increase in the height and the number of floors.
We mention one of the influencing factors related to the location, as the presence of an apartment, for example in a huge residential complex equipped with the latest equipment and services, will definitely have a different price than an apartment located in a normal and unequipped building.
Now, without a doubt, the larger the property area, the higher the property price.
The property may be empty, that is, just a building, or it may be furnished, and accordingly, the quality and quality of the furnishings have a role in raising the real price.
The interior and exterior design of the property, meaning the decoration, its luxury and its degree, are all factors that contribute to raising the real price, the higher its quality.
We come to explain some relatively invisible factors "and their importance in determining the real price of the property.
The most important of them are the construction methods and quality, and the quality of the building materials used. Inevitably, all Turkish properties offered in the real estate market are subject to standard and unified specifications, but the differences lie in the quality of building materials, modern methods used and additions that determine and make differences in the real prices of Turkish real estate.
Thus, we have reviewed the factors that determine the real price of the property in Turkey, which is a somewhat difficult and long process, requiring deep experience in this field, so it is necessary to use the services and expertise of real estate companies in Turkey that will be able to determine the real price of any property in Turkey given because of the knowledge of its experts, and their many and long experiences with trading different real estate.
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REAL ESTATE INVESTMENT IN TURKEY
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