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Favorable factors for purchasing real estate in Turkey in 2020

07.07.2020

According to the current data of the Turkish Institute of Statistics, the sales of residential real estate in the Republic of Turkey over the past year amounted to about 1.35 million. Objects. Of this indicator, about 38% accounted for the primary housing market, the secondary fund was 62%.

Every year, the Eastern country is visited by a huge number of citizens from around the world. A particularly increased flow of foreigners to Turkey is observed in the summer. Moreover, the purpose of the visit is different:

Favorable factors for purchasing real estate in Turkey in 2020


Content:

  1. Housing in Turkey
  2. The New Housing Law
  3. Where to buy a house abroad?
  4. What are the factors that make foreign nationals buy a home in Turkey?

Favorable factors for purchasing real estate in Turkey

Favorable factors for purchasing real estate in Turkey

Fig.1 Favorable factors for the acquisition of real estate in Turkey

According to the current data of the Turkish Institute of Statistics, the sales of residential real estate in the Republic of Turkey over the past year amounted to about 1.35 million. Objects. Of this indicator, about 38% accounted for the primary housing market, the secondary fund was 62%.

Every year, the Eastern country is visited by a huge number of citizens from around the world. A particularly increased flow of foreigners to Turkey is observed in the summer. Moreover, the purpose of the visit is different:

  • rest;
  • purchase of real estate;
  • Guests;
  • Seasonal work.

Housing in Turkey

If you want to buy a property in Turkey, then the choice should be treated with increased attention. In order to make it easier to make your choice, it is optimal to contact one of the reliable local real estate agencies.

Specialists, having listened to all your wishes, will definitely offer rationally profitable options and tell you in detail about all the features of the purchase and sale transaction.

In large real estate databases, a huge variety of offers are presented. Such a choice will satisfy the needs of even demanding customers. The cost of new housing in the Republic of Turkey for 2020 is approximately:

  • 2-room apartment – 50-100 thousand euros;
  • 3-room apartment – 50-300 thousand euros.

The final cost of residential square meters depends on the location of the housing stock, the development of infrastructure, and the equipment of the rooms. If you need a comparative analysis of housing prices in 2015-2020, then the specialists of the agency where you will turn will reasonably answer the question.

In the resort state, the construction of buildings for various purposes is carried out according to modern, world standards. Housing construction is carried out smoothly, quickly and without loss of quality. The commissioning of the finished facility is carried out by a specialized commission, which imposes rather stringent requirements for new buildings.

The New Housing Law

This bill includes a housing renovation program, according to which buildings that have reached 30 years of operation are demolished regardless of the current state. A new, modern complex is being built on the cleared area.

Holidays in Turkey for Russians and citizens of other countries in 2020 will become even more memorable and exciting, because the tourism sector is developing at an intensive pace, and responsible specialists are making a lot of efforts to provide service at a high level of quality.

Where to buy a house abroad?

Every year, foreign citizens purchase residential square meters in different countries of the world. In the Republic of Turkey over the past calendar year, a greater number of transactions for the purchase and sale of real estate were carried out by citizens of Iraq, followed by Iranians, and then Russians, residents of Saudi Arabia and Afghanistan.

Istanbul is considered the most attractive Turkish city for the purchase of real estate. Over the past year, more than 240,000 transactions have been made in the main tourist center of the warm country.

The peak of transactions occurred in the hot months of summer (July, August). For the active sale of real estate after Istanbul, it is worth noting Antalya, Ankara, Bursa and Izmir, located on the Aegean coast.

What are the factors that make foreign nationals buy a home in Turkey?

  • Citizenship.

The Republic of Turkey offers an affordable investment program. Subject to the purchase of a property worth more than 250 thousand dollars, the buyer becomes the owner of a Turkish passport.

  • Comfortable living conditions, affordability.

Compared to many European countries, the cost of housing in Turkey is at a fairly acceptable level. The living conditions are very good. Good medical care will also please.

  • Warm, mild climate.
  • Picturesque nature, clean ecological situation.
  • The presence of a large number of landmark monuments of ancient architecture and modernity.

You can talk about the advantages of a colorful and hospitable country for a long time, it is better to see everything once and draw your own conclusion about the issues of interest.

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