Property Prices in Turkey 2021
Property Prices in Turkey 2021: The nature of residential neighborhoods, industrial regions, and commercial marketplaces, as well as the distribution of properties in them, such as apartments, lands, offices, and stores, real estate development levels, and other factors affecting the Turkish real estate market. Real estate prices in Turkey 2021 vary from one state to the next, depending on infrastructure improvements such as road and transportation networks, as well as geographical location.
Real estate prices in Turkey
The comparatively low value of real estate, combined with the strengthening of the dollar against the Turkish lira, has resulted in real estate prices in various Turkish states being significantly cheaper than those in Arab and European countries. In addition to the high quality standards that are adhered to in new complexes.
Due to various factors, including ownership regulations that allow most foreign nationals to own real estate on their lands, with the exception of a few countries, real estate prices in Turkey are attractive to investors, businesspeople, and those desiring to start a new life and live in Turkey.
The government’s assistance to those who desire to acquire property, particularly the change of executive regulations relating to the Turkish Citizenship Law, as well as real estate amendments and tax exemptions.
When looking at the country’s real estate market, the magnitude of the massive rise and increase in real estate prices in Turkey in general becomes evident, and the huge desire from investors to buy real estate in various states becomes clearer.
We can provide information on real estate prices in several of Turkey’s larger states, which are attractive to businessmen for investment as well as stability and a pleasant stay.
The region covers two continents and is bordered by a number of regional Arabic-speaking, Kurdish, Persian, Turkish, Russian, and other countries, in addition to cultural similarities among the peoples.
Strong infrastructure, as well as the construction of numerous massive investment projects, all have a significant part in determining the property’s worth.
Real estate prices in Antalya
With its beautiful beaches and charming tourist attractions, real estate prices in Antalya, which has the highest percentage of foreign residents in Turkey, increased by 48.97 percent year over year, with the average monthly price per square meter for residential apartments reaching 3,350 Turkish liras. The deadline is March 2021.
Real estate prices in Bursa
Green Bursa, which has a long history of succeeding civilizations and preserves many of their historical and religious sites, saw a 1.09 percent increase in real estate house prices in March 2021, with the average price per square meter in this city reaching 2,734 Turkish liras.
Real estate prices in Trabzon
The enticing aspect of Turkey’s Black Sea gem has prompted investors to seek out real estate in Trabzon, the jewel of the Turkish north. As a result, apartment prices in Trabzon grew by 2.89 percent in March 2021, bringing the average price per square meter in this city to 2,549 TL.
Real estate prices in Istanbul
The heart of Turkey, where dozens of big investment projects have been completed and continue to be built, including the world’s largest airport, the new Istanbul airport, and the forthcoming Istanbul Water Canal project.
Istanbul is constantly at the top of the Turkish states that attract real estate investors, as it is the center of money and business, as well as the mesmerizing nature and historical civilizations.
When we look at the rates of real estate prices in Istanbul, we see a 23.16 percent growth in the last year compared to the previous year, when the average price per square meter was around 4,267 Turkish liras.
In terms of the municipalities that saw the highest rates of growth in their populations, Beylikdüzü, Esenyurt, Başakşehir, Princesses Islands, Bakırköy, Beykoz, Beyoğlu, Beşiktaş.
Real estate prices in Yalova
Projects being developed in Yalova, which connects it to its neighbor Istanbul, are adding significant value to the city’s real estate market.
Apartment prices in Yalova increased by 1.81 percent in the previous month, with the average price per square meter reaching 3,183 Turkish liras.
Istanbul, Antalya, and Bursa were among the states with the greatest percentage of real estate sales in Turkey, according to the Turkish Statistics Authority. Additionally, 2,675 homes were sold in January 2021, according to the Turkish Statistics Authority.
Real estate prices in Izmir
Izmir, which encompasses all aspects of tourism and successful investment, was also one of the Turkish states where real estate prices increased by 1.58 percent last month, with the city’s average price per square meter reaching 4,291 Turkish liras.