New buildings in Turkey
Location of the country, the state of the economy
Turkey (the official name is the Republic of Turkey) is located in the Asian mainland (to a greater extent) and partly in the European one. It is bordered by the Black Sea from the north, the Aegean Sea from the west, the Marmara Sea from the north-west, the Mediterranean Sea in the south. The country is a member of the Council of Europe, NATO, and a candidate for the European Union.
Climate: from temperate continental to Mediterranean and subtropical.
This is a country with a developed economy, where the textile, food, pharmaceutical, chemical, energy, metallurgical, shipbuilding and automotive industries are well developed, and the production of electrical household appliances are decisive. The most important source of income is tourism, which contributes to the development of the service sector.
Why is it profitable to buy an apartment in Turkey in a new building?
The market for new buildings in Turkey is incredibly active. Demand for primary real estate is increasing at a pace that allows us to talk about its booming nature. Experts predict a steady rise in prices for new buildings in Turkey even in the medium term, as it is due to extraordinary geopolitical processes that are expanding in geography and acquiring a continuing course (increase in the flow of migrants). As a result, visiting investors are actively buying up housing, acquiring commercial real estate in new buildings for the purpose of leasing. Thus, it is more expedient to buy real estate in Turkey in the new buildings now.
Prices for new buildings in Turkey (where it is profitable to invest)
Prices vary by region. Real estate from a developer in Turkey in large and resort cities has especially risen in price. Separate locations are beginning to be built up especially intensively, therefore, it is possible to buy apartments in the new buildings of Turkey in such places cheaper. Real estate in the Turkish province, while not fully appreciated today, will become no less popular tomorrow.
When choosing a property on the primary market, you should rely on the information of experts. GEOLN.COM real estate website (with a convenient search interface) contains a full catalog of real estate in Turkey. The lowest price per square meter of space in new building in Turkey, completed in a black frame condition (according to the information of the GEOLN.COM search engine) is 200 USD.
Types of new buildings in Turkey for sale
- Residential real estate - apartments, two-storey apartments (duplexes), villas, and townhouses.
- Commercial - (hotels, cafes, restaurants, offices, enterprises, warehouses, etc.).
- The nuances of buying real estate in new buildings (expert advice and key benefits)
Developers offer objects for different needs and budgets: from economy-class apartments in small complexes to luxury villas with a private pool, huge offices, shopping centers, etc. At the same time, most objects are sold out at the start of sales and at the excavation stage. Residential complexes in Turkey are being built using high-quality building materials, innovative technologies in compliance with European standards, which is confirmed by customer reviews.
Villas, commercial premises, apartments from the developers in Turkey impress with beautiful and high-quality finishes and well-thought-out planning solutions. In this case, the objects, as a rule, are sold on a turn-key basis. At the initial stage of the project, developers offer various payment options, including installments. Foreign investors can buy apartments from the developers in Turkey, villas, and commercial facilities on the same terms as citizens of the country. However, sales to foreigners are prohibited in military zones and regions considered strategic. These zones are determined by the Ministry of Defense of the Republic of Turkey.
Acquisition of primary real estate in Turkey is an investment for guaranteed rental income, living in a country with a high level of life quality, a comfortable climate and amazing nature with mountain and sea views.
Off-plan property and other buildings in cities in Turkey