Turkey’s real estate prices in 2022 are still reasonable

Despite all the problematic global and local conditions that the country has gone through, there are still many promising opportunities to own a property in Turkey because Turkey’s real estate prices have remained cheap compared to European countries,

Today, Turkey is a brilliant destination for real estate investment and real estate ownership, as Turkey offers promising golden opportunities for those who want stability, safety, and profitable investment, in addition to the multiple real estate options that suit all tastes and budgets between a ready property and those under construction,

Turkey’s real estate prices rose at the beginning of this year for several reasons, including real estate tax cuts that the Turkish government has repeatedly approved and the political and social stability that Turkey enjoys despite the region’s circumstances.

This is in addition to the facilities provided to foreign investors and owners, such as real estate residence, and even linking real estate investment with the possibility of applying for Turkish citizenship in return.

And do not forget the completion of many globally competing infrastructure projects in Turkey, such as Istanbul’s new airport and the Istanbul Water Canal project.

Real estate and apartment prices in Turkey today

The Turkish real estate market offers a lot of facilities and offers that encourage foreigners and investors to buy properties in Turkey

The best real estate and apartment offers in Turkey are also available at excellent prices, as well as the provision of various and multiple payment methods, including payment in installments, so that all people can buy properties, whether for stability or investment in the long term, 

and the political, economic, and social stability in Turkey ensures that real estate maintains its prices and the rise in profits over time.

The average price of apartments in Turkey is approximately 100 thousand dollars, while the cheapest apartments cost around 50 thousand dollars. In Turkey, real estate prices vary according to the city in which you are located. 

Real estate prices:

Istanbul: The prices of apartments and houses in Istanbul range between 35 thousand dollars and 170 thousand dollars.

Izmir: The prices of apartments and houses in Izmir range between $75,000 and $150,000.

Antalya: The prices of apartments and houses in Antalya range between 50 thousand dollars and 164 thousand dollars,

Ankara: The prices of apartments and houses in Ankara range between 70,000 dollars and 125,000 dollars for medium apartments.

The difference depends on the property’s area, location, or services, of course.

Factors that affect real estate prices in Turkey

Turkey real estate prices vary, as we mentioned, according to the city in which they are located, and prices vary within the same city due to several factors that increase or decrease the value of the property, the most important of which are:

The location of the property where the site is the main factor affecting the high price of the property or apartments in Turkey. That’s why choosing the right one positively impacts the cost of the property and brings you great benefits.

The space area of ​​the property as the increase in the size of ​​the property leads to a rise in its price. Usually, the price of a small property is higher than the price of a large property; for example, four- or five-room apartments are cheaper than two-room apartments.

The floor on which the property is located. When the floor where the apartment is high, its price rises and decreases when the floor where the apartment is lower.

Interior cladding and real estate decoration, where the better the interior finishes and decoration, the higher the price of the apartment.

The method of paying the price of the property or apartment, as the price of the condo when buying it in cash, differs from its price when purchasing a property in installments in Turkey.

This is in addition to other factors such as the view, area services, building security and guarding, surveillance cameras, car garages, sports clubs, and recreational places.