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Factors that determine the attractiveness of real estate in Turkey

  • Property in TurkeyProperty in Turkey
Date: 09.11.2013


What house in Turkey will be most in demand in the coming decade?

Know the answer to this question is useful both to those who buy a property with a view to resale , that is, as an investment asset , and that is going to buy a house in Turkey for the purpose of renting it out .

And those who buy property for himself, for the purpose of temporary or permanent residence , such information will also be out of place .

What kind of houses and apartments will be the most popular among the Turks :
The most preferred are houses and apartments built in three - four rooms, with a total area of 110-120 square meters. meters.
The second most attractive will be one-bedroom and two-bedroom houses and apartments of 75-90 square meters. meters.

It should be noted that the average size of homes and apartments in Turkey gradually decreases.
In 2003, it amounted to 161.8 m. meters, in 2006 - 155.6 square meters. meters in 2011 and 144.8 m. meters , in the near decades increasing demand will be home to a small area of ​​one hundred meters.
This is due , apparently , to the reduction in the number of households and the rising costs of utilities, which are calculated as a function of housing.

As for the price point , it would be one of the most popular real estate, price range that is within the 75 - 125 thousand dollars. As soon as the Turks income will grow at a preferred price range of real estate will move from 125 to 175 thousand dollars.

source of financing
Since buying a house or apartment for cash or savings remains a daunting task for most people in Turkey , mortgage loans remain the main source of financing the purchase of real estate. In this area, the interest rates on housing loans , the size of the initial payment and the required monthly payments will continue to be demand-driven .

Age of property
The greatest demand will be in the primary real estate market - apartments in new high-rise buildings or newly constructed homes .

The apartments are located in a well- guarded complex , will enjoy greater popularity in the cities and in the suburbs .

Among the factors that influence the attractiveness of real estate , will be , in descending order of priority , landscaping , security , availability of kindergartens and shops . When buying a home will take into account its location , price, resistance to earthquakes , area, belonging to the primary housing market and proximity to public transportation, and in descending order of priority.

Luxury housing
The demand for luxury homes and apartments, located in the territory of the superior brand complexes , as well as private residences in the suburbs will be limited depending on the level of income of the wealthy segment of the population .

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