Turkey is a promising country in the real estate investment sector, which is already witnessing in our days a wave of urban development that knows no boundaries, but exceeds all expectations, so that the real estate sector in Turkey becomes one of the most important international markets in this field. This prompted many foreign investors to highlight it and seek to invest heavily in this field, but before all that, how do they know about real estate prices in Turkey? how are they evaluated? and what factors helped the boom in real estate prices in Turkey? questions that we will try to answer to the extent that gives investors a good background about real estate prices in Turkey.
There are many factors that have contributed to the growth of the real estate sector, such as the modernity that Turkey has reached, as the state has worked to develop all industrial sectors, especially the modernist ones, in addition to developing the infrastructure surrounding residential neighborhoods that provide residents with the best public services within facilities dedicated to all social cases. In addition to the sector of tourism, which is one of the pillars of the Turkish economy, as millions of tourists visit Turkey annually, who flock from all countries of the world. Furthermore, the quality of Turkish architecture that the state impose on construction companies to preserve the life span of real estate as long as possible, which makes the buildings coherent in terms of the general template and designed according to the most modern architectural styles.
In addition to the above, the increase in real estate prices in Turkey is negligible compared to other countries that do not possess the features in Turkey in terms of nature, safety and other advantages that make life in Turkey very easy. However, determining real estate prices is not linked to general growth only. Real estate prices differ from one place to another and even from one floor to another. The factors affecting the prices are many. We can identify some of them.
1_ The location of the property
The location of the property is one of the most important factors determining the price of the property in Turkey, as properties near the main areas, transportation and public facilities, of course, will have a higher price than those on the outskirts of the city.
2_ The area of the property
It is one of the most important factors affecting the general price of the property as real estate prices in Turkey are often determined according to the square meter, so the greater the area of the property, the higher its price will be. And in large areas, the investor may get a special discount per square meter based on the large area that he will purchase
3_ The height of the floors
Within residential and commercial apartments, the height of the floor in which the apartment is located is taken into account, so the higher the floor that contains the apartment, the higher the price of the property will be.
4_ The view
The view is an important matter in determining the prices of real estate in Turkey, as these charming natural views of the lakes or the picturesque natural parks have an effective role in raising the price of the property.
5_ Services
Various services are available in many residential complexes, such as guarding, hygiene and recreational places, such as swimming pools or sports clubs for residential complexes. These additions have some importance in determining real estate prices in Turkey.
Real estate prices in Turkey, as mentioned above, differ from one region to another and vary according to the different features, but every person has limits of knowledge. He who does not have sufficient knowledge of the details of the Turkish markets and the importance of regions and their different features will not be able to set real prices for real estate and can hardly evaluate generally; so if the investor is keen to own a property in Turkey, he has to resort to real estate companies with experience in the market since they have specialists who can determine real estate prices in Turkey exactly. Eventually, One can save time and effort and avoid putting themselves in front of an imminent danger that makes them regret investing money in a property that does not deserve and wasting his money in vain.
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