If you are looking for an apartment to buy in Turkey, you’ll want to keep in mind the following factors: Location, Size, Price, and Return on Investment. These factors will help you choose the right property for your needs. However, before you make your final decision, take some time to explore the market. There are several properties to choose from in Turkey. Read on to learn more. Here are some of the best apartments to buy in the country.
Location
There are many reasons to buy apartments in Turkey. Buying an apartment in Istanbul means investing in a city that has both European and Asian sides. Istanbul is one of the most popular destinations for international travelers and offers a variety of amenities for its residents. Some apartments are located in the center of the city, near airports, schools, and hospitals. Other features of apartments in Turkey include underground parking and concierge services. Read on to learn more about the advantages of purchasing apartments in Istanbul.
Apartments in Istanbul come in all shapes and sizes, ranging from studios to five-bedroom houses. They can range in size from 30 square meters to over 300 square meters. The layout will depend on the buyer’s preferences. For example, two 2+1 apartments could have different layouts, or be located in different parts of the city at different prices. If you want to purchase an apartment in Istanbul in 2022, you should know that many of them are designed to accommodate young families.
Size
The size of apartments for sale in Turkey is important for construction companies. The size of a studio apartment in Istanbul can range from 30 square meters to more than 300 square meters. Apartments in Istanbul have different features, such as a kitchen and a salon. A one-bedroom apartment is a studio, and a two-bedroom apartment includes a kitchen and a salon. Moreover, there are also duplex apartments for sale in Istanbul.
In 2018, Turkey recorded impressive economic figures, and the country is now accelerating its steps towards a sustainable economy. The plot year 2022, which is also the country’s centenary year, is also a doorway to its Vision for Turkey. Turkey is also a major earthquake-resistant country, and many investors have already made their plans to purchase apartments in Istanbul during the second half of the year. A new luxury housing tax law has also increased the demand for earthquake-resistant apartments in Istanbul.
Price
One of the factors that determines the price of an apartment in Turkey is its location. A higher-quality apartment is more expensive than one that has less square footage. Another factor that determines the price of an apartment is its floor. Higher floors are considered better, but a lower floor can be just as expensive. Lastly, location is also an important factor in determining the price. iResidence estimates that the price of an apartment will decrease by about two percent by 2022.
While the real estate prices in Turkey have increased in recent years, there is no reason to panic. Turkey is an affordable place to buy a property, even for those with limited financial resources. There are affordable apartments available for those who are willing to make the investment. Turkish lira prices have recently declined against the US dollar. However, they reached their highest levels in the last two months of 2021. Thus, you should plan accordingly and find an apartment that fits your budget.
Return on investment
One of the most important aspects of buying an apartment in Turkey is its return on investment. This percentage refers to the profit generated on investment as a percentage of the original cost. As the real estate market in Turkey continues to grow every year, the country offers the highest potential returns. However, the return on investment of apartments for sale in Turkey depends on the financing method used. Some investors choose to pay cash for rental homes while others opt to use mortgages for their investment properties. In any case, investors should evaluate their financing approach carefully and determine the expected rate of return before making a purchase.
Real estate investment in Turkey is a safe and lucrative venture, as the Turkish economy is stable and solid, ensuring that investors’ capital is safe. Prices of Turkish apartments for sale fluctuate with the value of the Turkish lira. The most promising projects for real estate investment in Turkey are expected to be completed in 2024, so investors who can plan their purchases for the long term will reap the desired profits.
Currency budgets
While you may have heard that Turkey has sky-high property prices, this isn’t always the case. In fact, a new 2+1 apartment in Istanbul is unlikely to cost under 1.3 million TL at current prices. Depending on the region, you could find an apartment for less than that, but if you want to enjoy a more luxurious life, you may have to spend more than two million TL.
The price of an ordinary Turkish apartment building will be less than that of a five-star hotel. You can expect to pay fifteen to fifty Turkish liras per month for utilities. A gym membership and a monthly maintenance fee aren’t that expensive, either. If you have extra money, you may even be able to afford a gym membership, tennis courts, and a movie ticket for under four euros.
Source : شقق للبيع في تركيا