Factors determining real estate prices in Turkey

Turkey has become the focus of attention, as in recent years Turkey has achieved great economic success in attracting thousands of people from several countries around the world to own and buy real estate and invest in Turkey for the investment opportunities it offers, and the Turkish government has opened the doors of the country to foreign investors and Turkey has become the first destination for Arab and foreign investors

Real estate investment in Turkey is distinguished by leading over other investments, as the areas of successful investment are diverse, and investments vary according to their locations, and the elements of success that support them, each location has its own features and each apartment has characteristics, as the prices of houses, apartments or villas in Turkey are determined by several factors, including

Location of the apartment

The location of the property affects its value significantly, as some areas are worth a price more than others. It is certain that real estate located in the city center will be sold more than an apartment located on the edge of the city and far from the city center

Properties located in a vital location where everything that meets your needs and requirements is within a short walking distance will certainly have a higher market value than properties that are completely isolated or located in an abandoned area. In Turkey, the site plays a key role in determining the prices of apartments in Turkey, as real estate prices in the same area sometimes differ.

Real estate in Turkey has many types and their prices vary, of course, depending on the size of the demand for the type of property itself, that is, if the city where you prefer to buy your property is in high demand, this means that the prices are the highest, and in this style, as well as in commercial cities, there is a lot of demand for commercial real estate suitable for real estate investment, such as hotel apartments and offices, their prices are higher.

Apartment specifications

It is important to mention that the specifications of the apartment in terms of area, number of rooms, number of bathrooms, number of balconies, is it within a separate building or residential complex, "the age of construction is new or old" the condition of the property under construction or ready " as well as the area of the apartment because the area has a big role in determining the prices of apartments in Istanbul or Turkey , and all the things that have been mentioned are those who contribute to the disparity in house prices in Istanbul or Turkey

Floor level

Buyers prefer to buy apartments with a higher level or on the upper floors in high-rise residential towers because they offer unique views from lower-level apartments or basements, and are also far from all the noise that low-level apartments are famous for.

Upstairs apartments are not everyone's favorite, however, they are a new trend that provides residents with a luxurious and special lifestyle than basement apartments. It is a well-known fact in the real estate market that the value of an apartment rises as the floor rises.

Services and facilities available for the apartment

The real estate prices in Turkey, which are located within residential complexes, must be higher than apartments located in an independent building, the reason for this is that these complexes provide residents with a wide range of first-class services and facilities that meet the needs and requirements of residents daily.

Properties that offer close proximity to services such as shopping centers, cafes, restaurants, cinemas, supermarkets, schools, hospitals, pharmacies, subway stations and buses will always have a higher value than properties far from these facilities, and usually buyers want to live in a place that provides them with the concept of ” city within a city ” for a more easy life, and this, although it increases the price of the property, but it is highly sought after by buyers, especially foreigners.

The quality of materials used in cladding and finishing

It should also be mentioned that the quality of the materials used in finishing and cladding the apartment or property raises its price, as it will be an increase in the cost of construction if the materials are of high quality must add to its price.

In general, real estate in Turkey is mostly built and finished with high-quality materials of the best types, and perhaps this point is one of the main reasons that push many to buy high-priced real estate in luxury complexes.

Proximity to mega projects in Istanbul

The fact that apartments are located near huge projects is a key factor in their high price and the high price per meter for the area in general. The presence of residential projects near large infrastructure projects directly determines the prices for the region.