Home sales in Turkey for 2022

Real estate and home sales in Turkey this year have increased significantly compared to previous years, but the question here is what are the reasons for the increase in sales?

Reasons for the rise in home sales in Turkey

There are many reasons for the rise in home sales in Turkey and the most important reason is the increase in foreign investment.

Other reasons include:

- The Turkish economy is growing and becoming more stable, making it an attractive investment destination.

- Turkey has become a popular tourist destination, which has increased the demand for holiday homes.

- The government has offered a number of incentives to buyers, such as tax breaks and interest-free loans.

- There is a large supply of new building properties available in the market.

- Mortgage rates are low and easy to obtain.

The most popular Turkish cities for real estate in Turkey

Istanbul continued to be the city with the highest number of real estate sales in Turkey in 2022. This is because Istanbul is not only the largest city in Turkey, but also a global commercial and maritime node and hence the importance of Turkish real estate, not to mention the beautiful landscapes in and around the city.

In this regard, it should be noted that Istanbul was able to maintain the position it enjoys today for several years, followed by the Turkish capital, Ankara, and then Izmir and Antalya. As for the most nationalities who own real estate in that country, they are Iranians, Iraqis, Russians and others.

Advantages of buying a house in Turkey

Here are some of the advantages of buying homes in Turkey:

- When it comes to buying a home in Turkey, buyers can find various options for real estate. There are different types of homes available in different locations that cater to the needs and preferences of different types of buyers.

- One of the main reasons foreigners choose to buy homes in Turkey is that real estate prices are relatively reasonable compared to other countries.

- The real estate market in Turkey has witnessed rapid growth in recent years, which has led to an increase in the number of properties available for purchase.

- Turkey enjoys a stable political environment, which is one of the factors that contribute to the growth of its economy and this stability makes it an attractive destination for foreign investors.

- Turkey has a temperate climate, with warm summers and mild winters and this makes it a desirable place to live for many people.

The future of home investment in Turkey

There are many reasons why investing in Turkish real estate is a good idea as the country has a lot to offer investors, including a stable economy, a growing population, and a rapidly developing infrastructure.

The future of real estate investment in Turkey looks bright, as the country continues to attract more foreign investors and real estate prices are expected to continue to rise, as the demand for Turkish real estate is still high, if you are thinking of investing in Turkish real estate, now is the time to do so.

Use real estate companies to buy a house in Turkey

If you want to buy a property in Turkey, it is recommended to use the services of a real estate company as this will save you a lot of time and effort.

The real estate market in Turkey has witnessed rapid growth in recent years, and there are now many companies catering to foreign buyers.

Here are some tips for choosing a real estate company:

- Make sure that the company is registered with the Turkish government.

- Choose a company that has a good reputation and is recommended by other buyers.

- Ensure that the company offers a wide range of properties to choose from.

- Ask about the fees the company charges and make sure they are transparent and honest.

Possibility to buy under construction homes in Turkey

Yes, it is possible to buy homes under construction in Turkey and you may be required to deposit an amount between 10-30% of the purchase price, and the remaining balance is paid upon completion of construction.

Keep in mind that construction schedules can sometimes be delayed in Turkey, so it is important that you do your due diligence before making a purchase.

Important tips when buying a house in Turkey

When you are looking for homes for sale in Turkey, there are many notes and tips that you should take into consideration, the most important of which are the following:

1 - The most important factor in choosing the right location is to find the area that suits your lifestyle and budget. If you plan to use public transportation regularly, look for a property near bus or metro stations, and if you want to be close to shops, restaurants and other amenities, Choose a location accordingly.

Crime rates vary widely across Istanbul, so be sure to research safety in your potential area before making any decision. Prices for apartments and houses in Istanbul can vary greatly depending on the neighborhood, so make sure you set a budget and stick to it.

2- When buying property in a foreign country, it is essential to have a good lawyer by your side who can help you navigate the process, protect your interests and be sure to find someone with experience in Turkish real estate law.

3 - It is important to know how much you can spend on a home before you start your search as this will help narrow down your options and make the process less stressful.

4 - In order to know how much home you can afford, you need to get pre-approved for a mortgage. This will give you an idea of ​​the price range you should look at.

5 - Don't be afraid to haggle over the price of your new home, as it is a common practice in Turkey and you may be able to get a better deal than the asking price.

6 - It is important to have a realistic idea of ​​the prices in the area you are looking to buy. Use online resources and talk to local dealers to get an idea of ​​what you can expect to pay.

Binaa Real Estate offers to you:

Comprehensive information about the Istanbul real estate sector.
-Field tours, through which you are briefed on the most important offers and options available in the Turkish real estate market.
- Recommendations and advice from experts in the field of real estate investment in Turkey.
- Luxury properties for sale suitable for obtaining Turkish citizenship and others suitable for obtaining real estate residence in Turkey.

We are always ready to offer you all the appropriate real estate options and offers for you in the real estate market in Turkey, as well as we work diligently to provide you with the advice you need to help you reach the right choice.

Everything that interests you about the real estate sector in Turkey, you will find it with us. Visit our website regularly to learn about it.

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