April 7, 2023 / By Top Vouchers Code

Affordable real estate investments in Turkey in 2023 – cheapest properties to buy

Are you in search of cheap apartments in Turkey? And wondering where you can find them? Of course, you do not have to trade comfort and durability merely for price. So, it would be best if you had a place that is reasonably nice, and decent, and safe in a cool environment but still cost less. If these are your concerns, then please read more on the official website Turk.Estate to find available listings.

Real estate at a reasonable cost

One of the major reasons Turkey is selling out fast is because they have friendly property options at much more reasonable prices. If you go to locations such as Florida in the USA, and Some parts of England in the UK, you will agree that Turkey is one of the most affordable yet diverse countries for ex-pats. In some parts of Florida, for example, a simple home costs as much as $300,000, and in the UK, the median property price is not that low; in Turkey, you can get a fine house at about $88,000. Other than these money factors, there are many other reasons why Turkey is a hotcake internationally.

Types of properties that are cheap in Turkey

Here are factors that determine how expensive a property will be:

The square-meter/space

The size of a property is largely determined by its landmass and how much earth space it consumes. Even if it is a bungalow, if it is wide and occupies a lot of space, it is likely to be more expensive than a small landed property. Turkey’s property cost is an average of $680 per square meter. You can use this as an estimate to gauge how much your property would cost on. While making your estimate, you may also want to keep in mind that although there is vast uncultivated and unoccupied land per square meter is generally more expensive in the township areas than in the local municipalities.

The composition and make-up of the property

Another determinant of price is not merely the land mass or how many square meters it is. Property compositions and makeup also greatly affect the price they will be sold at. For example, a high-rise condo apartment with a private pool, city view, maxi balcony, and state-of-the-art décor may cost twice as much as a bungalow house in the quiet developing areas in Turkey. To this extent, it is not so much about the size of the property but its component and the good/luxury stuff it is made of. Consider the features of your intended property; the more luxury it has, the pricier it will likely be. When it is pricey for no reason, you have to take a bow from any such property.

The type of property

There are various property types in Turkey and these affect the prices of real estate to a very large extent. For example, the most common type of properties include:

• Bungalows: A ground floor house typically divided into three bedrooms having all appurtenances of the home included, such as a small fence, a garden, a front porch and ample space on the inside. These are the most patronised class of property in the world.
• Condos: Short for condominiums which are small apartments, often in a taller or bigger building. They are units with a bathroom, kitchen, and an open space room where singles, students and individuals can stay. They are much affordable.
• Villas: Villas are large houses designed for the rich and organised to have all that can be envisaged. They are often enormous, have a pool, barbecue, gym area and may be designed in varying eras; some have the Victorian era style, while some are modern wooden houses.
• Duplexes: These are of varying compartments and designs but often made as standalone houses.

Meanwhile, there are some quite popular indigenous Turkey house styles, such as:

• Ahşap Evler: These are the wooden townhouses of the black sea river. Beautiful for how they compliment the hills. There are many remakes lately and you can find one at a modest price.
• Yalı: Yalis were the expensive seaside properties of their time, and they are still very expensive to date. Made of elaborate insides with halls, and music rooms, beautiful dome roof top and varying unique designs.
• Ottoman Townhouses: These are two to three storey buildings which date back to the Ottoman era. They are made with a combination of stones, cement, and wood. One common feature that help this kind of property stand out is its bright color and reddish roofs, and the window bars. Last but not least is the age and condition of the property, which can also impact its price. If it is in good shape, it will cost more than an ancient-of-days apartment with broken parts.