Types of Properties in Turkey and the Features of Each

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The real estate market in Turkey witnessed a significant and remarkable boom and growth in the last period and this growth continued despite all the difficult conditions that the Turkish economy went through and the reason for the permanent and continuous demand for Turkey's real estate is the presence of many types of properties in Turkey of different forms and sizes, this matter also contributed to Attracting more foreign investment to the Turkish real estate market, because this diversity in real estate types means high and guaranteed investment returns and profits

And the types of properties in Turkey differ from the types recognized around the world, so those who are interested in the field of real estate investment in Turkey must familiarize themselves with these differences in order to know the conditions of the real estate market in Turkey and therefore have a complete idea for its next investment in Turkey.

Residential Properties

Residential properties include many different types of houses, and it is considered a common and sold type of properties in comparison to the other types. Residential properties are used for the purpose of housing and stability, or for investment, in order to obtain a regular monthly or annual return

Residential Apartments Within a Residential Complex

They are usually higher in price than apartments in ordinary properties, and these residential complexes are distinguished by providing many services: Security services, as they provide day and night guard personnel, Swimming pools, Sauna and fitness centers, Turkish baths, Cleaning, care, and maintenance services for buildings, Private gardens and playgrounds.

Payment is immediate or in installments according to the agreement. In the case of installments, the price of the apartment increases by 10% -50%, depending on the period of the installment and the down payment

Residential Apartments Outside a Residential Complex

It is usually independent buildings, and it consists of 4-10 floors at a maximum, but it is without any services except for the public services provided by the Turkish government in each neighborhood, And the average price of apartments in Turkey in independent buildings outside of housing complexes is about 60 thousand dollars and increases depending on the location of the building. For example, the prices of apartments in Istanbul in independent buildings located in tourist and commercial neighborhoods are higher than others,

Old Apartments

They are apartments located in buildings over 20 years old, the price of which depends on the age of the building, its location, and the view provided by the building. This type of property in Turkey provides more room for choice for the foreign investor or the person who wants to own a property in Turkey in general, as the prices of these properties are low and suitable for most budgets. As the fact that the property is old check the price by 10-30%.

Studio Apartments

Studio apartments are characterized by very small areas, usually 60 square meters, and it consists of one bedroom connected to the living room, kitchen, and bathroom, it is suitable for the category of young or single workers because it does not allow more than one person or two at most.

Duplexes

Duplex apartments consist of two floors, connected with a private internal staircase, and its area varies according to the need of people, starting from two bedrooms (2 + 1), and can reach six bedrooms (6 + 1) and more. It is the most preferred type of real estate by large families, and it can also be used as two separate residential apartments, and each floor is a separate apartment. In addition, its cost is low compared to standalone villas.

Triplex apartments

They are three-story apartments, with an internal staircase connected to them, similar to the organization of duplexes, and can be used for large families or as separate apartments, as they are of low cost compared to independent villas.

Source: https://www.maximosrealestate.com/