The most important point that determines the price of real estate in Turkey is the ability of this property to generate large profits

Factors determining real estate prices in Turkey

Date:

Thursday, January 12, 2023

The most important point that determines the price of real estate in Turkey is the ability of this property to generate large profits

Today, Turkey attracts thousands of people from several countries around the world in order to own and buy real estate in Turkey , and Turkey has become the focus of attention due to several factors and advantages that this country enjoys, including matters related to its strategic location among the countries of the world, the beauty of its nature and the charm of its history. To this day, the great historical monuments spread in most Turkish cities.

As for the other aspect that distinguishes Turkey and makes it a point of attraction for real estate investment and those wishing to buy real estate , it is the human efforts made, represented by several steps taken by the Turkish government over the years to encourage tourism and investment in Turkey . $1 million to $250,000.

Now, if you have reached the stage of certainty that you want to buy a property or apartments for sale in Istanbul , for example, you can know the details of the most important point in the process of buying a property in Turkey , which is the price of the property in Turkey .

What is the mechanism by which the prices of apartments in Turkey are determined ?

The most important point that determines the price of real estate in Turkey is the ability of this property to generate large profits and the speed of capital turnover. The more profitable the house, office or store, the greater the price. Turkey 's residential real estate in the tourist areas of Turkey is relatively more valuable than the rest of Turkey's real estate because the level of monthly returns is greater, and the longer the region witnesses the demand from tourists for a longer period, the more expensive real estate prices will be.

Factors that determine the price of real estate in Turkey :

Property location:

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, and facilities also 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.

property condition:

This criterion is considered relative and can affect negatively or positively the price of the property, that is, the majority of those who buy real estate in Turkey avoid buying used real estate, as it could be a lot of consumption and needs major repairs, and this leads to a decrease in the price of the property , but we do not lose hope in this type From real estate, as sometimes the price of these real estate rises after repair more than the price at which you bought it before repair.

Property area:

In Turkey, in general, the larger the area of the property, the lower the unit price per square meter. If you want to buy through 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 an apartment with 4 rooms 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 floor 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 decrease in its price .

In the end, in order to obtain a successful real estate investment , you should deal with caution with the financial assets that you spend in order to buy the property, in order to reduce costs and ensure that there are benefits and profitable returns commensurate with the money you spent for the purchase of a property in Turkey .

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