Buying a House in Turkey Is It Really as Cheap as It Is?

Buying a House in Turkey Is It Really as Cheap as It Is?
  • Son Güncellenme: 27/08/2021

Buying a House in Turkey is a great option. We are reviewing all the details of Buying a house in turkey for you. First, we should start by evaluating the general situation. Lets start by the real estate sector in Turkey. After seeing the whole, it becomes much easier to understand the rest of the details.In Turkey, there is a new generation waiting for the right time to buy a house. Especially the conventional change created by the pandemic period in our lives made real estate owners happy. Who chosen to buy estate as an investment option. Although cost inflation is the main reason for the serious increase in house prices, we also see an acceleration in demand as well.

In times of such chaotic transformation, investors take care to buy solid assets.

Urbanization and quantitative growth of structures in Turkey have reached their peak in the last 20 years. Especially the new residences built on the land in Istanbul are a living center. All from start to finish. However, we also see that prices increase every year. Compared to the previous year in commercial areas where the historical architecture in Istanbul is dense.

We want to give a small example through the Taksim area. Taksim has a history of about 800 years. For centuries, this area has been an entertainment and shopping center for commercial ships and crews that have anchored in Karaköy. Buildings, hotels and restaurants with popular passages in Taksim bear a completely historical texture. Looking at its present state, it continues to carry the same characteristics almost one-to-one. All of the various real estate products in Taksim, such as shops, hotels, apartments, are the focus of interest.

Residences in Istanbul in Residences of Turkey

We are proud to have the opportunity to work with hundreds of happy customers.They all planned to buy housing in Turkey. Serving in the real estate and housing market in Istanbul for many years has allowed us to get experiences from many different perspectives. We want to pass on all this information to you.

If you are looking for investment housing and are wondering about the right time, the best time to buy housing in Istanbul is ‘now’.

Buying a house in Istanbul is like setting up a throne in the heart of Turkey

 First of all, Istanbul has a structure that constantly renews itself, just as nature renews itself. This renewal we are talking about is the volume in the rate of human and population change. Istanbul, Turkey’s industrial, corporate and commercial gateway, is the first stop of every young person who wants to be successful in their career. The most talented people who live all over the country and have completed their education start their business life in Istanbul. If we compare it with the old Istanbul, the situation was not the same even 15 years ago. The fact that the people coming to Istanbul consist of qualified people increases the demand for settled housing in the city day by day.

Let’s take a look to one of the most important factors for buying a house in Turkey. Investors who bought real estate in the country in recent years were unlikely to get citizenship.

In recent years, thanks to laws organized by government officials, becoming a citizen of Turkey has become more accessible for people.

For investors who already come to Turkey very often and want to live in Turkey, this is a great opportunity. Citizens of foreign countries who buy housing with a value of 250,000 USD and above can become citizens of Turkey.

Being a citizen of Turkey has many advantages, especially in terms of Health Services and Care. The quality and widespread health system in Turkey is very cheap compared to other countries.

You can get more information by checking out our Benefits Of Turkish Passport And Citizenship article.

Buying a House in Turkey and the ROI Rate and Period

Health system and other advantages may not be enough for you to buy a house in Turkey. The behavior of the smart money, the profit return of the principal in the invested area and the ROI of the real estate (Return of Investment) should be calculated one by one. These subjects are important before making the big move.

Here we would like to share a general analysis. The 3rd Bridge and New Airport, built in Istanbul in the last 5 years, increased the city’s surface growth rate by 24%. We all know Istanbul is already a metropolitan city with a large hinterland. Along with the sustainable success of the construction sector in Turkey, the activation of these two giant structures relieved the city’s traffic. At the same time, the traffic problem in Istanbul has decreased relatively, thanks to the rapid equipping of the city with metro networks for the last 3 years. As an indirect result of this situation, immigration to the districts outside the city has intensified and urbanization has been equipped with luxury and modern buildings in these surrounding regions compared to the population.

To give a small example why is property so cheap in Turkey, Başakşehir Pandemi Hospital has turned into a new center away from the noise of the city, with easy access to trade and business life, thanks to the metro network going to the region.
Therefore, housing investments in Istanbul became really cheap in foreign currency. This is what makes it stand out among other metropolitan cities.

Today, there is a settlement culture that has become popular towards the area where the new airport and the 3rd Bridge are located. In the upcoming period, the metro network going to Istanbul Airport will also start to work. When you do a little research, you will see that Sabiha Gökçen Airport and the residences around it increase in value day by day.

Starting from Taksim; Maslak, Levent, Sarıyer and Arnavutköy forms a new life center line to Istanbul Airport.

In conclusion;

  • Istanbul has shown an increasing value in real estate throughout its history.
  • The construction ecosystem in the country is getting better every day. And it’s pretty big. The 30% increase in costs has also increased the prices of the houses.
  • With its unstoppable growth, Istanbul has remained very cheap in housing prices among the world’s metropolises. Housing in foreign currency is quite cheap compared to countries such as Germany, France and Spain.
  • Turkish Citizenship offers you many benefits among the countries of the world. And together with the health system, it secures a future where you can protect your quality of life.

Don’t you think the prices are really cheap to buy a house in Turkey?

Each investment plan is part of an individual life plan. As Haliç Property company, we guide you in making choices that will improve your quality of life. Do not hesitate to contact us about all the topics you are interested in.We tried to help you understand why is property so cheap in Turkey in this article.

We are here to experience a feast of life in which you become richer and your quality of life increases every day.

To Buy a House In Turkey is really profitable with huge ROI gains. Buying a house in Turkey is becoming a more increasingly popular option for foreign investors to choose. Since 2017, it has become possible with in investment to become a Citizen of Turkey by purchasing a house in Turkey. Especially in the period from 2010 to 2020, with the growth of the real estate sector in the country, housing investments have made a high profit for their investors.

So, is buying a house in Turkey a logical option right now?

There are various opinions on this subject. Therefore, your priorities and investment plan for buying a house in Turkey should be taken into account as a starting point. Haliç Property Company and its experienced team allows you to make the most profitable real estate investment in Turkey. With the experience and field knowledge we have accumulated over many years; we are here to make sure that you have the ideal real estate investment made easily just for you.

Especially the city of Istanbul is among the most popular options for foreigners who want to buy a house in Turkey. There are metropolitan cities in many countries of the world. Such as; New York, Paris, Berlin, Tokyo and of course Istanbul.

The city of Istanbul has a unique grandeur that fascinates the whole world with Its historical beauties, unique architectural structures and natural beauty that it has accumulated for over the centuries.

Therefore, Istanbul is the perfect real estate paradise to buy a house in Turkey and thus to become a Citizen of Turkey as a result. The demand for buying houses in places close to shopping malls, passages and historical sites is quite high. Because of their popularity.

Popular Cities to Make a Housing Investment in Turkey

There are cities with unique characteristic and features all over the country. Let’s talk about the cities most preferred to invest in real estate by buying a house in Turkey and thus to become a Turkish citizen.

Except for Istanbul; Antalya, Ankara and Canakkale are among the other great options for investors due to their high rate of population growth for their investors.

In recent years, in real estate investments; we observe the recent trend changes in the priorities of investors and individual buyers. Property valuations are increasing in regions with high population growth rates. However, people who take into account of climate change and the opportunities offered by business life; They usually mainly focus on the city of Istanbul because of its location and options.

Istanbul; Compared to other metropolitan cities around the world, as an investment is a very cheap and attractive city in terms of ROI (Return of Inclusion) ratios. For example, if you want to use The recycling time of the average home investment in Istanbul; it is usally between 15-20 years. When we compare this ratio to the city of Berlin; The ROI of a residence you buy in Berlin takes at least 30 years.

You can also have turkish citizenship just by buying a house in Turkey. In this way, you make a very profitable investment and get another citizenship. You can also take advantage of many privileges such as the country’s successful and inexpensive health system for their citizens. Which is really in important subject which cant be found in many countries around the world.

Especially during the pandemic period, the success of the health system has started to increase the interest in buying a house in Istanbul. This is an important issue in this crisis enviroment we try to live through.

So, will the housing crisis is a thing to happen in Turkey?

The most important thing for an investor who wants to buy a house in Turkey is to be able to buy a residence at the ideal prices to their choosing. Therefore, we want to answer this question very clearly for you with our expertise.

With the rise of the exchange rates in Turkey, the purchasing power of the people decreases day by day. But a possible drop in construction prices is not expected. However, just in case, even if the prices are slightly cheaper, it is unlikely that the houses in Istanbul will get cheaper in the future. Considering various analyses we did; You can easily see that house prices in Istanbul remain more valued even at the worst time. However, the demand for housing in Istanbul is increasing due to the sector that is becoming more and more popular across the country every day. It is one of the best investment options for an investor to consider.

What is the Best Time to Buy a House for Investment Purposes in Turkey?

We would like to examine the question “Is it cheap to buy a house in Turkey?” from the perspective of the year of 2021. With the inflation factor in every country in the world, the costs of housing increased by 30% at last. First of all, we wanted to take note of this production cost. Because this cost has not yet been reflected in the house prices in Turkey yet. Therefore, inevitably, prices are quite cheap compared to the rising costs of housing at the moment.

Another important factor is the balance of supply and demand. In the summer of 2020, you may have heard that the Government and banks have cut their housing interest rates dramatically. To help out the owners and investors.

During this period, there was a very serious housing exchange across the country. Almost all people who want to buy a house in Turkey have benefited from this cheap loan opportunity. Today, interest rates are higher than before in the previous years due to the increase in foreign currency rates and inflation rates of the country. With interest rates falling again, there could be a significant increase in demand. This is a subject should be taken very seriously.

To summarize; There are two important indicators regarding the price increase of houses in Turkey. First; costs are increased by 30%. Secondly; the demand rate is on the rise. If we consider these two important indicators; Prices are very cheap for anyone who wants to buy investment housing. It is really profitable and cheap to buy a house in Turkey in this current situation. Therefore you should be quick about it.

Haliç Property company offers all the consultancy services you are curious and in need about buying a house in Turkey. You can build your life at the center of commerce, art and entertainment by evaluating the right investment options in luxury and magnificent locations in Istanbul.

You can take advantage of attractive opportunities. Among developing countries; Turkey, which has a young population, increased trade volume, increased prosperity level and unique tourism centers is among the leading countries of real estate investment.

You can contact us about every topic you are interested in to buy a house in Turkey.

Colorful geographical beauties and real estate prices, whose value is increasing day by day, cause your investments to increase exponentially.

As Haliç Property Company; We contribute to the fact that you can buy the residences in the most popular locations of Istanbul in an ideal way.

BUYING A HOUSE FOR FOREIGNERS

Buying a house in Turkey is one of the most popular investments in the last 15 years. The construction sector in the country has a considerable volume. In certain major cities of Turkey, the growth momentum of the construction sector has been strong in every period of history. But in the last 10 years, housing and it's consumption has increased in all small cities. In terms of urbanization, we live in a world where social life and business life are sh



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