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Where to find a cheap for sale property in turkey

Posted by admin on September 30, 2022
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A large segment of people who come to Turkey to buy real estate choose to search for cheap apartments either for sale or for real estate investment, as there’s an mutual goal among all of them which is saving money while getting an apartment with special and modern features, real estate prices in Turkey considered to be cheap and moderate compared to real estate prices in European or American countries, and if you look at the Arab real estate markets you’d find that prices in some countries are high, therefore, Turkey is an important and successful option for foreigners in general and Arabs in particular, especially after the economic crises and security instability that most Middle Eastern countries have witnessed.

Who wants to buy cheap apartments in Turkey?

There are some particular cases in which the foreigner would want to buy cheap properties in Turkey, for example: who does not have a huge budget which allows them to pay a big amount of money, or they’d want to purchase multiple properties as a principle to diverse the capital on multiple properties, this type of apartments is a suitable solution to get rid of rent, and it is important to know that apartments in Turkey does not stay on one state for a long period of time, as the real estate markets are constantly fluctuating and recording an increase at any time, and thus the capital has increased without effort or fatigue.

Is searching for an apartment for sale in Turkey a good idea?

Turkey, with its vast area is the first option for many investors and foreigners and those interested in purchasing real estate in Turkey, because it is located on two continents at the same time (Asia and Europe) this location also led to a great diversity in its climate, culture and population, many foreigners and Arabs choose to settle in Turkey permanently due to the availability of all the necessities of life everyone is looking for, recently, Turkey has witnessed a great renaissance in its various fields, in addition to the fact that the cost of living is considered low compared to prices in Europe.

Cheapest apartments in Istanbul, Turkey:

There’s no doubt that every Turkish city has pros and cons, but Istanbul remains the first option for all foreigners and those looking for Properties for sale in Istanbul , especially in light of all the special offers offered by construction companies, Istanbul is considered one of the most prestigious cities in the world due to many factors, including the distinctive location and the historical and touristic nature, and because Istanbul is one of the most Turkish cities that investors ask about, we will present the most important areas in it:

  1. Cheap apartments in Esenyurt, Istanbul: It is one of the biggest areas in European Istanbul, featuring cheap real estate prices compared to other areas, it offers old real estate as well as modern ones (compounds), many investors believe that it has not yet reached the urban development witnessed in other regions, which is inaccurate since many construction companies is constructing mega projects with modern and prestigious features, rea estate prices are expected to increase in this area during the upcoming period of time after the completion of the construction of the metro project, and this specifically supports the investor's decision to own property in it.
  2. Cheap apartments in Beylikduzu, Istanbul: This area is one of the most important areas in Istanbul located in the European side, as it has gained too much popularity lately thanks to the modern projects which was built according to a style of luxury and architectural sophistication, Beylikduzu features an advanced and modern infrastructure, real estate investment value has witnessed a great increase after the passage of the metrobus line, which made it easier to reach Istanbul’s centers without much effort and time, according to experts study in the real estate sector, its possible for prices to increase in the future due to the increase in demand for apartments, and also due to its proximity to the most important infrastructure projects such as (New Istanbul Airport, New Istanbul Water Canal).
  3. Cheap apartments in Buyukcekmece, Istanbul: This area is located in the European side of the city, prices are relatively reasonable depending on the apartment, the building, and the view.
  4. 4- Cheap apartments in Silivri, Istanbul: If you like to live in rural areas and enjoy the features of nature, you should choose Silivri, which has the cheapest apartments for sale in Turkey, and it has high-end villas of modern design and style. The Turkish government seeks to develop remote and rural areas far from city centers by providing them with modern means of transportation, and in this regard, the Asian side of the city contains many wonderful offers such as: Uskudar, Umraniye, Beykoz, Tuzla, and Sanjaktepe.

Cheapest for sale apartments in Bursa, Turkey::

Bursa is one of the big Turkish cities located between the Turkish capital Ankara and the economic capital Istanbul, many foreigners choose to buy an apartment there as all of its features indicate the importance of investing in it.

So, is it possible to find a cheap apartment for sale in Turkey?

We will highlight the most important ways to help you buy an apartment in Turkey at an affordable and cheap price:

  1. In case you don’t have enough budget to pay for a property in cash, you can choose to buy in installments, this is a good solution to those interested in ownership in Turkey.
  2. You should search in under-construction projects as they are cheaper than ready projects and residence-ready apartments.
  3. To buy a cheap apartment, search in the far from city center areas like rural areas.
  4. When paying in cash, many companies offer high discounts ranging from 10 to 20%.
  5. You should use an experienced real estate company, such as Europ Homes Real Estate because it has great knowledge and experience in the real estate market and helps you get the right apartment at a reasonable price for your budget.

How to know the real price for apartments in Turkey:

There are many factors that could help you determine the real price for an apartment in Turkey:

  1. The location of the apartment is one of the main factors that determine its price. The more distinguished the location, the higher the price.
  2. The view of the apartment, does it have sea view? or green spaces? Or city streets?
  3. Is the apartment inside a private building? Or inside a compound? As known that prices inside compounds are higher than others.
  4. there is certainly large disparity in real estate prices among each city, as prices in Istanbul differs from prices in Bursa in Antalya or other city.

Advantages of real estate ownership in Turkey:

  1. Acquiring real estate residence permit: when you purchase an apartment in Turkey, you have fulfilled the first condition for applying for real estate residence permit, which is that the property is intended for housing, which is the means that enables its owner to permanently settle in Turkey.
  2. The ability to obtain the Turkish citizenship: if the apartment price is 400k Euro or more, you can apply to obtain the Turkish Citizenship Law , and after obtaining it you can immediately apply for the Turkish passport..
  3. The facilities provided by the government: Turkish government provides privileges to motivate the foreign investor to purchase a real estate in Turkey among which:
  • Repeal the law of reciprocity.
  • Allowing foreigners to purchase all types of real estate.
  • Exemption from paying the value-added tax.
  1. Gaining a big return when investing: many of those looking for for-sale apartments in Turkey are looking to inter the world of real estate investment, where it is possible to obtain a fixed return and profit per month when renting it, and the profits double during the tourist seasons. If you are interested in the real estate market in Turkey, you will notice that prices are constantly rising. If you want to sell after a period of time, you will benefit from the price difference that results between the buying and selling stages.

Disadvantages of cheap apartments in Turkey:

  1. Some apartments lack some services and recreational facilities that are found in luxury residential compounds.
  2. Somewhat far from public transportation.
  3. Far from service facilities such as: malls, commercial centers, schools, and hospitals.
  4. In case you goal was for real estate investment ; you won’t have very high profit returns.

Important advices when purchasing cheap apartments:

  • If you want a real estate investment in these areas, you should do some renovations and maintenance to attract attention in order to rent it easily, and if you want to sell it, it would be easy.
  • You should take a look at the legal situation of the apartment, in case there are any problems like unpaid taxes or seizure of property or mortgage.
  • Working with a famous real estate agent shortens you a lot of details and effort because they offer a set of advices that would help you do the right choice and prevents you from falling victim to a scam or real estate fraud.
  • Finally, Europ Homes Real Estate offers you a full report about everything regarding cheap apartments for sale in Turkey, also, we note an important point, which is that the real estate market in Turkey is full of distinguished options, you only have to determine your options, study your budget, and tell us your desires to help you find what suits you.

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