|Date:||Thursday, January 12, 2023|
Today, Turkey attracts thousands of people from several countries around the world to own and buy real estate in.
Will real estate prices rise in Turkey 2022?
Today, Turkey attracts thousands of people from several countries around the world in order to own and buy real estate in Turkey.
Turkey has become the focus of attention due to several factors and advantages that this country enjoys, including its strategic location among the countries of the world, the beauty of its nature, and the charm of its history that is present today with the great historical monuments scattered in all over the world. Most Turkish cities.
Certainly, the availability of the appropriate time component alone is not enough for the property to be successful and suitable, so one should not be deceived by the modest price, he should search about the specifications and location of the property, and should take a look at the services that surround it and the transportation network, in addition to making sure that it is free from defects Or if there is a reservation on it.
Is the price of real estate in Turkey rising or falling?
It is certain that real estate in Turkey, like all land real estate, is increasing at times and decreasing at other times, and if we highlight the Turkish area, we will see that real estate in it is in a rapid rise almost like successive leaps, when you buy a property in it and want to sell it after a while, you will reap what Approximately half of its price is in addition to its original price, and in the midst of the wave of projects related to the establishment of new real estate in Turkey, which became famous in the recent period, we can say about it that it is in a gradual decline, and if it is controlled and these projects subside, this will reflect positively on the Turkish real estate market, as Prices will stabilize and stop, and after another period of time there is a possibility of another jump, and here lies the golden conclusion in the success of this investment.
The m² price will increase by 109% in Turkey in 2021
The Center for Economic and Social Studies at Bahçeşehir University in Istanbul conducted a study on apartment price changes in Turkey during 2021.
The study was conducted on the database of -sahibinden.com- one of the most famous sites specialized in publishing advertisements for selling and renting real estate in Turkey.
The results of the study were published in a report titled: February 2022 Report "An Overview of the Residential Apartments for Sale Market in Turkey".
According to the data contained in the aforementioned report, the selling prices of residential square meter in Turkey during the year, starting from January 2021, witnessed an increase of 1.109 percent.
The average price per square meter of housing in all of Turkey reached 7 thousand and 496 Turkish liras.
This figure was almost twice the average price per square meter in apartments across Turkey for the month of January 2021, which had reached 3,584 Turkish liras.
Factors that determine the price of real estate in Turkey:
The location of the property is the most important factor affecting the determination of real estate prices in Turkey, as the closer the property is to the city center, the higher its price, and vice versa, as real estate prices in Beylikduzu are very different from real estate in Taksim area, and also the facilities play an important role in determining the price of the property, as the property Which is located near transportation, hospitals and universities, its price differs from the price of real estate that lacks these details.
This criterion is considered relative and can negatively or positively affect the price of the property, meaning that the majority of those who are looking to buy real estate in Turkey avoid buying used properties, as it can be very worn out and need a major repair, and this leads to a decrease in the price of the property, but we do not lose hope in this type of real estate, as sometimes the price of these real estate rises after the repair more than the price at which you bought it before the repair.
In Turkey in general, the larger the area of the property, the lower the unit price per square meter. If you want to buy by one square meter, the price per square meter in an apartment with a room and salon style is more than the price per square meter in a 4-room apartment and a salon.
The location of the property in the building or complex:
One of the most important factors affecting the price of the property is its location in the building or complex, as the price of the apartment on the first floor is very different from the price of the apartment on the last and higher floors.
The external appearance of the property in Turkey:
The external appearance is very important in determining the price of the property, especially in the famous areas and central areas such as the city center, where the price of properties that are located within luxurious buildings with modern designs such as glass facades is high, and properties that lack these details and finishes may not attract the attention of the investor, which leads to a lower price .
And you can contact the FCC property team and benefit from the free consultations provided by the company’s real estate consultants, which may save you a lot of time and money at the same time.
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