Real estate prices in Turkey 2022

Real estate is a type of commodity, located in a specific market, which is the real estate market, and it has different prices that suit all consumer segments, and real estate prices in Turkey are subject to many factors or the so-called determinants that affect the price of the property up and down, and you as an investor must have these factors arouse your curiosity and take the initiative to look at it in this article.

Real estate prices in Turkey 2022

Real estate prices in Turkey vary depending on several factors, including the type of property, its area and technical specifications, in addition to the area of the property that plays an important role in its price, as well as the season you choose to buy the property, the additional costs that are added to the price of the property and other important factors.

Factors that affect real estate prices in Turkey:

The location of the property and its impact on real estate prices in Turkey:
Turkey is witnessing a huge diversity in the areas spread on its lands that directly affect the price of real estate, there are areas where there are cheap real estate and other areas known for high real estate prices:

Cheap real estate areas in Turkey:

Cheap real estate in Turkey is the modest real estate in terms of technical specifications, the level of internal architecture, the size of the property and the number of rooms in it if it is intended for housing, in addition to the proximity and distance from vital facilities and the transportation network.
Cheap real estate in Sanlıurfa.
Cheap real estate in Trabzon.
Cheap real estate in Ankara.
Cheap real estate in Bursa.

Luxury real estate areas in Turkey:

The luxury real estate in Turkey is the real estate that is of a high standard and luxurious in terms of the urban designs that are characterized by it, the spacious areas, the integrated interior equipment and its presence within the important centers near the parks and parks.
Luxurious real estate in Istanbul.
Luxurious real estate in Alanya.
Luxurious real estate in Fethiye.

Type of property and its impact on real estate prices in Turkey:

The Turkish real estate market is characterized by diversity as the properties in it meet all levels and we will mention these types in a hurry:

Studio apartments

These properties are usually located in residential towers and may be very luxurious, but they consist of one room with the benefits of a kitchen, bathroom, and others, This type of real estate is in great demand by students and by people whose stay is short and temporary in Turkey, so there is no need to incur accommodation costs in hotels and luxury apartments. The prices of studio apartments are moderate, reasonable and suitable for everyone.

Penthouse

Here, we have raised the level and thus increased the level of real estate prices. Penthouses are often located on the top of skyscrapers and high towers and occupy an entire floor area with glass facades that provide a charming view overlooking the entire city.

Duplexes

This type of real estate is called high-end properties consisting of two floors, each of which is equipped with all rooms, bathrooms, living rooms, and all modern and advanced facilities, and of course the prices are high compared to the previous ones.

Butterplex

Please expand your financial bag, as we have approached the very luxurious properties in Turkey with high prices, which are called Butterplexes, which are in the style of a duplex, but it is made up of three floors with all the elements of comfort, recreation and luxury.

Villas

As for the villas, they are desired and loved by good investors. They consist of a small building on the outskirts of cities, suitable for large families. They are distinguished by a different distribution of rooms inside them. They are also distinguished by the extremely beautiful interior architecture that keeps pace with the artistic movement in the field of real estate investment in Turkey. It has two types:

Tourist Villas

Since Turkey is a tourist country that people come from all over the world to enjoy the charming nature that characterizes Turkey, the Turkish real estate market has benefited from this point, where you find tourist villas, which are preferred by people and investments have been encouraged in villas in order to collect the huge investment returns that this type of investment enjoys.

Residential Villas

Housing means calm and distance from the city center. This atmosphere is ensured by the residential villas scattered on the outskirts of cities and in high-end neighborhoods far from noise, surrounded by huge vital projects, as they are intended for luxury housing and not for summer holidays, and therefore their prices are really high.
Real estate purchase season and its impact on real estate prices in Turkey:
One thing is certain that the price of real estate in the summer season, which witnesses global tourism movement, is different from the price of the same property in other regions and cities and in another season, such as winter.

Taxes and fees and their impact on real estate prices in Turkey:

Here are a number of taxes and fees the investor is the only one who bears it and add to the price of the property, including:
- Real estate tax: Its value is 4% of the value of the purchased property, and it is paid equally between the seller and the buyer at a rate of 2% for each party. This tax is paid only once and not annually. Of course, there are some costs necessary to pay the tax
- Ownership fees: which are paid annually and amount to 0.003% of the property value.
- The cost of the various services provided by the housing project, which are security protection fees, electricity fees, maintenance fees and other costs required by any property in order to live in it and benefit from its facilities.

Global economic changes and their impact on real estate prices in Turkey:

Recently, the pace of global economic crises and the resulting fluctuations that hit the economic systems of the relevant countries is accelerating, which is directly reflected in the exchange rate changes, which in turn affects the purchasing power of the currency of the country concerned and thus all prices of all commodities and materials are affected by these changes. The Turkish real estate market is one of the slowest Sectors affected by these changes due to the strength of the economic systems that govern this market.

Real estate prices in Turkey 2022

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