price of apartment in istanbul and the Turkish real estate market
It is self-evident that the real estate market in any country around the world of all its types varies from one region to another, and the prices of apartments in a residential complex or the same architecture vary according to different factors and conditions.
As for the Turkish real estate market:
Turkey has a strong and stable economy, and despite the variation in real estate prices from time to time in any real estate market in general, the economic balance in Turkey reduces these differences related to economic crises, and thus real estate maintains its value clearly.
The residential and investment real estate projects in Turkey are diversified to meet the ever-increasing population needs, as well as tourism.
We find availability of houses, apartments, residential complexes, buildings, hotel apartments, lands, and shops.
The prices of real estate and homes in Turkey can be considered within the reach of the buyer when compared to houses with the same specifications as in the rest of European countries.
Cheap housing prices in Turkey have become one of the most important reasons for attracting investors, tourists and residents, as we find high quality, beautiful views, and easy mobility thanks to the abundance of transportation.
Despite the spread of the Corona pandemic in the first quarter of last year in all parts of the world, and the global readiness to address this epidemic and reduce victims, Turkish real estate continued to attract interested people and achieved record sales numbers for locals and investors.
We find that major cities witnessed the largest percentage of home sales, such as Istanbul, Antalya, Izmir, and others.
The specifications differ from one house to another, as for its location, you can buy a house in the heart of Istanbul, the Turkish capital, with certain specifications, and you can also have the same house, but in the outskirts of cities, that is, far from urban life, and of course you will find big differences because homes in city centers are more expensive than homes in Suburbs and countryside.
As for the interior and exterior decoration and design, they are very diverse, you can buy a house under construction and rebuild it in the way that suits you, and you can get a fully designed and equipped ready-made house, then the price is determined based on the degree of luxury, type, and quality of designs and building materials used.
Of course, the price of the house under construction will be cheaper than the prefab.
Services also play a pivotal role, as there are services that are added to the house, especially if it is located within a residential complex or buildings, such as security, bills, and cleaning ... where these services increase the value of the house.
The competitive prices of Turkish homes have attracted the attention of investors and residents from all countries, thanks to the incentives for investment and the support that the real estate sector receives from the state.
One of the reasons for the distinction in real estate prices in Turkey over other European countries is the social and political stability that characterizes the country despite the difficult circumstances surrounding its neighboring countries on the social and political levels, and the facilities it provides to foreigners from other countries in their access to the real estate and homes they want. At cheap prices, which made the real estate revolution reach its summit, challenging its counterparts who compete in this field, in addition to the Turkish government has .