Property prices in Turkey

Hi Priscilla


I have been involved in some project developments in Real Estate.

My experience is that most "Inshaat" try to sell their houses overpriced ... taken into account building mid-class Aparts in Antalya and Alanya costs prox. 250 Euro a square meter ... + land.

Let say sales price for a mid class Apartment 90 m² may cost
60 000 Euro - 200 000 TL
The rule is that yearly rent should not exceed 5 % on the value
of the house ... and in Turkey even up to only 3 % ...
So then you know how to evaluate.
Conclusion 200 000 * 0,04 % = 8 000 TL / year or 675 TL monthly up to 725 TL for single building apartments accommodated with garden and swimming pool. NOT with furniture.

On top the houses are mostly not isolated at all ...
and some landowners think there is oil in their ground ....

So be careful when you buy, put EVERYTHING on paper and NEVER
give cash to a construction company.
Make sure that you have bank trace of payments of rent or purchase.
***

Chris

I'm actually looking for a flat in Istanbul and the rents are somehow more expensive than other cities.

You can check sahibinden.com/ which is great source of info if you know a bit of Turkish.