Considering the possibility of investing in housing in Turkey when applying for economic citizenship, but are afraid of the possible cost of real estate in Turkey amid the subsidence of the lira? Experts recommend paying attention to apartments and villas for sale in Turkey because this type of housing is always profitable.
How To Choose A Property
Investors considering Turkey as a place to buy their first investment property should be clear about what they want. In the process of selecting profitable real estate, it is important to pay attention to many factors:
- housing itself;
- secondary housing or new building;
- the city/district in which the housing is located;
- whether you plan to live here yourself or not.
Let’s consider each item separately.
The type of real estate determines the liquidity of the housing and its value. In 2021, there has been a shift in consumer preferences. People are more likely to choose spacious housing away from noisy city centers and closer to nature. A lot of people choose villas and detached houses nowadays.
You need to decide whether you prefer a villa or an apartment. Both of these options can vary in size but they will definitely determine your lifestyle.
- Resale or new build
The resale property market in Turkey differs from the classic view: houses are not the first fresh, built about 40 years ago, with peeling lining, etc. However, in Turkey, everything is not quite like that and depends mainly on the area. Much depends on the individual quality of a particular building complex. Some projects can compete with and even surpass new residential complexes in some respects.
On the other hand, new projects from the developer are being built using modern technologies, using high-quality materials; construction is under strict state control, which allows investors to minimize the risks. An important advantage of buying apartments from a developer is the possibility of purchasing apartments at different stages of construction (off-plan) with a benefit of up to 30%, as well as with the calculation of an individual payment schedule and individual discounts that companies often provide to buyers for a one-time payment of the full amount.
- City/district in which the housing is located
The coastal and central regions and provinces of Turkey are chosen by the most. Especially those that combine comfort, well-being, and a variety of leisure activities. Mahmutlar district in Alanya is a good example because it has everything you need if you want a comfortable stay and a measured life: the sea, clean beaches, picturesque places, developed infrastructure, and a large selection of housing.
- Whether you plan to live here yourself or not
Whether you plan to live in the real estate of your choice or rent it out, there will be different parameters you will pay attention to while choosing it. Firstly, you need to carefully choose the area, pay attention to the availability of public transport, hospitals, schools and shops nearby, etc. You will have to look for housing not only based on your preferences but also taking into account liquidity and demand.
An interesting offer of residential real estate in Istanbul is Arch Renaissance. The area in which this complex is located is Avcilar. Business and student life are in full swing here. The cost of housing in Arch Renaissance is affordable and ranges from USD 97,000 to 552,000. The area of apartments varies from 79 to 342 square meters.
Description Of The Complex
Arch Renaissance includes 7800 square meters of territory with a unique exterior, beautiful landscape, and infrastructure of dreams. The buyers are able to choose one of the 124 fully-equipped apartments: built-in appliances, ceramics, parquet, fittings, batteries, plumbing – all this will provide you with the highest level of quality of life. At the same time, everything you need to meet your needs will be literally a step away from you: shops, children’s and sports grounds, cafes, and restaurants.
The complex is an ideal place to live and a great investment value.
Another advantage of this project is the transport interchange. It includes:
- the proximity of the E-5 highway and the TEM highway;
- proximity to the Metrobus station;
- 10 minutes from Avcilar bus station.
Soon, a metro line will be laid in this area and a station will be built accordingly, which will add even more comfort and convenience in terms of movement for residents of the Arch Renaissance residential complex.
Prices For Property
Price offers are presented in the table
|Number of rooms||1+1||2+1||3+1||4+1|
|Area||79 sq m||123 sq m||177 sq m||282 sq m|
|Number of bathrooms||1||2||2||2|
|Average price||USD 97,000||USD 179,000||USD 185,000||USD 423,000|
Apartments in Asteria Houses
Another super offer for buying real estate in Istanbul (Esenyurt district) is an apartment in Asteria Houses. The cost of real estate in this residential complex ranges from USD 162,000 to USD 312,000.
The area where Asteria Houses are built is modern, dynamic, and promising.
The territory of Asteria Houses takes up 25,000 square meters. The project consists of 8 buildings with perfect architectural design. Full infrastructure (playgrounds, shops, cafes, spa, Turkish bath, fitness center) will ensure the convenience and comfort of living in Asteria Houses.
Buy an apartment in Asteria Houses – it will be the best investment in your life!
Prices for Property
|Number of rooms||2+1||3+1|
|Area||133 sq m||172 sq m|
|Number of bathrooms||2||3|
|Average price||USD 162,000||USD 225,000|
Real Estate in Turkey
The best purchase of a property in Turkey is possible if you are guided and assisted by a real estate expert. You will be told in detail about each project:
- Arch Renaissance,
- Asteria Houses.
You will learn about the benefits and features of each option. The experts will help to carry out the purchase and sale transaction while providing full legal support. Please contact Turk.Estate for advice.
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