New builds in Malatya for Sale

Locations and climate

Malatya is a city, the administrative center of the province of the same name, located in the central-eastern part of Turkey, on a fertile plain irrigated by the Tohma River (a tributary of the Euphrates), surrounded by high ranges of the eastern Taurus mountains.

The climate is temperate continental: hot dry summers and cold snowy winters. The highest recorded temperature is +42°C, the lowest is -19°C.

Buying an apartment in a new build in Malatya becomes profitable

The economy is dominated by the processing of agricultural products, the textile, woodworking industries, the production of cement, transformers, construction ceramics, paints, varnishes, and paper. This is the center of an agricultural region: cereals, fruits, vegetables, rice, tobacco are grown. There are deposits of chromium, lead and copper.

The plateau on which Malatya is located is surrounded by high mountains, many of which are covered with apricot orchards, the processing of which is famous for the city called the "apricot capital" of Turkey. Many guests come to the International Festival of Arts and Apricot, held annually in July (meetings of producers, concerts, competitions are organized).

Inonu University is in the top 40 best universities in the country a member of the European University Association (EUA) group, and has its own library. During the training, students are also given the opportunity to take part in international exchange programs.

The airport is located 30 km from the city center and can be reached by airline shuttle buses and taxis. Flights go to Istanbul and Ankara, in summer international flights are carried out mainly from German cities.

Malatya is an important rail and road junction where the line between Aleppo (in Syria) and Samsun (on the Black Sea) meets the line eastward leading to Elazig and Diyarbakir. Public transport is represented by trolleybuses and buses.

The investment potential of the city is significant, the development of industry contributes to internal migration from the regions. The demand for real estate in the new builds for sale is growing, primary housing is in demand by visiting specialists for rent and purchase.

Residential complexes in Malatya are actively purchased even at the stage of the start of construction by Turkish citizens thanks to the program of providing mortgage loans at low rates.

The sale of apartments from developers is carried out in compliance with the legislation, the quality of objects in new builds for sale corresponds to Turkish building standards, which is confirmed by customer reviews, the price of apartments in new homes for sale is still low.

According to the information provided by the real estate search engine GEOLN.COM, the minimum price per square meter of space in a new home from a developer in Malatya (apartment handed over in a turnkey condition) is 280 USD.

Sights

• Stone buildings of the late Ottoman era
• Eski - the ancient part of the city
• ruins of Arslantepe settlement
• New mosque (Yeni Jami) with three minarets (1912)
• Statue of Ismet İnönü (second President of Turkey, 1938-1950)
• Kernek Meydany waterfalls square and park
• Kernek Meydana Museum
• Hurriyet park
• Monument to Kemal Ataturk
• Ataturk Museum
• Mall Malatya Park AVM with skating rink and cinema
• Apricot market (fruit)
• Copper bazaar (handicrafts, antiques)

Conditions for buying apartments from the developers in Malatya by foreigners

The sale of apartments to foreigners is prohibited in military zones, regions considered strategic. These zones are determined by the Ministry of Defense of the Republic of Turkey. Foreign investors can buy an apartment from a developer in Malatya on the same terms as the citizens of the country.

Purchasing an apartment in a new development in Malatya is a pragmatic investment, given the low cost of investment, which makes it possible to receive a stable rental income, live in the city of business activity and developed infrastructure.