Apartments prices in Turkey
Apartments prices in Turkey usually vary between their locations and sizes and levels of luxury. There are apartments designed for low-income people, and apartments designed for luxury seekers, and between these and those degrees. So that everyone can find in Turkey the appropriate property or the appropriate residential house.
Also, the prices of apartments in Turkey vary due to the different types of residential buildings, between old traditional buildings and modern-style buildings. As well as between individual buildings and buildings within residential complexes.
In Turkey, there is no specific tariff for real estate prices, as it enjoys a free economy, in which prices are determined according to the rule of supply and demand.
In general, the building systems in Turkey enjoy high technical levels, and these systems place all residential real estate, old and new, under the supervision of the municipality, in terms of building safety and the availability of health conditions in it.
However, to ensure the integrity of real estate contracts and the non-occurrence of fraud or deception, the law stipulates that at every sale transaction, a report from a specialized and duly licensed company called the “real estate appraisal report” be among the papers required to register the contract in the real estate records. The report must include the following data:
1- Information about the resident company, its licenses and the certificate it obtained from the Banking Supervision and Regulatory Agency.
2- The engineering plan of the real estate and its net area, and how its area and divisions are distributed.
3- A copy of the title deed (Tapu) and information about the real estate registry of the deed.
4- Information about the location of the property, its surroundings, and means of transportation leading to it.
5- A statement of the property’s specifications, condition, date of establishment, and defects, if any.
6- A statement of the suitability of the drug for use in the required or designated destination.
7- Indicating the extent to which the building is capable of demolition and rebuilding.
8- Institutions, buildings, and service centers surrounding the real estate, such as schools, hospitals, health and recreational centers, places of worship, and others.
9- Legal papers: such as the building permit, its ability to transfer ownership easily, and the fact that the property is free from any legal problems or entailed rights for others.
10- Estimating the price of the property according to the prevailing prices at the time of organizing the report.
This report can be obtained before entering into a contract or purchase.
And we had explained more details about the real estate appraisal report in a previous bulletin.
This , and noting the levels of quality in residential real estate and the areas in which it is located , we note that prices in Turkey are moderate to a large extent compared to similar conditions in European and American countries , and they may not have exceeded half of them .
What plays a major role in the moderation of residential real estate prices in Turkey is the interest of Turkish municipalities in always preparing new lands for construction and providing the necessary infrastructure for them, as well as the large number of major construction companies that have high efficiency, competing with each other, which provides a large supply to meet the demands.
After this, we return to the statement of prices for residential buildings for ownership or rent:
The prices of apartments in Turkey may range between 30 thousand US dollars and several million dollars . So that it allows very wide segments of those who want residence or real estate investment to find what suits them.
And just as real estate prices vary between Turkish cities , they also vary within one city . In all Turkish cities, there are all grades, according to the location of each property, its area, and the type of its cladding.
Anyone who does not wish to own property can rent the residential house that suits him, as the homes offered for rent are always available in every city and every village. Rental prices vary to suit everyone who wants to reside in Turkey .
Finally, our office and our experts can provide all the assistance or advice you require in order to choose the right residential real estate for you, through a phone call or Email.
Email address: [email protected]
Phone: 00905383726510
