The best time to buy an apartment in Turkey 2022
What is the most appropriate time to buy an apartment in Turkey with the best specifications and the cheapest prices?
Do you have an idea of the best time to buy apartments in Turkey? Many people have this question, which is really important for anyone who wants to enter the real estate market in Turkey, but does not have prior knowledge or sufficient information.
Knowing the appropriate time to own real estate in Turkey helps you get the profits you are looking for and saves you money, and given the importance of this topic, we decided to dedicate the following article to be a guide for every foreigner looking for an adequate answer on this topic.
Table of contents
Find out the best time to buy an apartment in Turkey:
In fact, it is not possible to talk about a specific period, as the matter varies according to the main purpose for which you want to buy the apartment:
Do you want housing and stability permanently?
Do you want to enter the field of real estate investment?
Do you want to stay in the property during the summer period only?
Do you want to obtain Turkish citizenship?
Below we will focus our conversation on this topic, as we will work hard to clarify all the information related to the most appropriate time to own real estate in Turkey.
First, let us tell you that you will not get a single opinion on this aspect, as the opinions differed and the advice was numerous, for example, real estate experts and specialists in the real estate field advise everyone who wants to enter the field of real estate investment in Turkey to buy at the present time and not to delay the matter because real estate prices is recording a noticeable increase and is likely to rise during the current year by 50% to 60%.
In this regard, it should be noted that in some areas, prices have increased in a few years by one hundred percent, especially in Istanbul (During the past three years, prices in Basaksehir, which is located on the European side of the city, increased by 45%, and it is expected to rise more than that after the completion of the construction of some important projects close to it, such as the new Istanbul Water Canal).
Based on the foregoing, it is the opportunity for any investor who hopes to obtain high and abundant profits, as he buys at an appropriate price, and when he wants to sell, he will get an abundant profit from the price difference that will result between the two stages of buying and selling.
Note: Among the information that it is important to know about the real estate market in Turkey is that it is one of the most active markets in the world, and in the past year 2021 AD, Turkey was the most growing in its prices on the level of the European continent, and this only indicates that the movement of buying and selling is large and that real estate in Turkey is striking and has a high level of sophistication and modernity.
Contrary to the opinion that we discussed above, there are those who warn against taking any step and buying real estate in Turkey at the present time, as it fluctuates very quickly and is witnessing instability and may rush and lose money in a deal that is not guaranteed, but if you look at the opinions of experts in this regard you find that many of them, especially Warren Buffett, who encourages dealing with the frenzy of the real estate market and take him as a friend rather than an enemy.
Which seasons are the best to buy apartments in Turkey?
In terms of the seasons of the year, there are some tips and information that have been provided to those wishing to buy real estate in Turkey. The clever investor is the one who chooses the period in which the real estate market is in a state of dormancy or stagnation for purchase, and when he wants to sell in the future, he chooses the active periods when the demand is great to ensure obtaining high profit.
Winter is one of the most favorable times when real estate available for sale is abundant while the demand is low compared to other seasons, and add to your knowledge that the process of completing the sale will only take a short period.
While in the summer or spring, many people want to move to new homes, along with foreigners coming from outside Turkey in the tourist seasons, which constitute an increase in the demand for real estate, and therefore prices rise and finding an apartment suitable for you at the right price becomes somewhat difficult.
Important information when buying a property in Turkey:
After all the information we provided to you in the previous paragraphs about the best times for buying real estate and real estate investment in Turkey, we must point out some important aspects that you should take into consideration and that play a prominent role in reaching the best time, which are as follows.
- Find out the status of the area in which you want to buy the apartment and its future.
- Check if there are important strategic projects nearby.
- Check if there are plans to implement any project in or near it.
There are many opportunities that come to you that you have to seize and buy a property or an apartment (if the owner of the apartment wants to sell urgently and quickly, as he resorts to reducing its price, or if one of the construction companies offers attractive offers, and this really happens, as you can get wonderful properties at a special and appropriate price).
Do not forget that the Turkish government provides a lot of facilities, which is one of the main incentives that encourage ownership in Turkey at all times. The tax cuts and exemption from the value added tax saved them a lot of money and obligations, in addition to granting them real estate residence and Turkish citizenship in exchange for the price of the property being four hundred thousand US dollars or more.
Now you can make the decision and buy an apartment in Turkey and you can decide which times are best for you because in general there are many differences about it, and do not forget that we at TUR PROPERTY offer you the most important advice and consultations you need .. Contact us without hesitation.
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