Every year the Turkish real estate market lures an increasing number of potential buyers. Expanded infrastructure and inferior taxes are convincing arguments to buy real estate on the second line in Turkey.
Real estate in Turkey under construction
One of the most advantageous options to fund money is a new building. Savings up to 30% compared to ready-made accommodation. The developer takes out a loan to buy land to construct a residential complex. His task is to give the bank money as soon as possible. Therefore, developers are interested in selling real estate in the early stages of construction and offering discounts for buyers.
Buy property for cash
Don’t be surprised, you can ask for a discount on this. This practice is found in Turkey. Compared to installments, this is convenient and encouraged by the developer. After all, he can immediately invest in the acceleration of construction or other needs of the object. Moreover, as a compliment, the seller can give you household appliances or even furniture for all housing.
Follow promotions and sales
How else to purchase property in Turkey inexpensively? Look for great deals from Turkish developers or real estate agents.
Sometimes the construction is completed long ago, but 5-6 apartments are not sold. And as we wrote above, in order to build a new residential complex, the developer takes a loan to buy land. Therefore, if not all apartments from the residential complex have been sold, the construction company still owes money to the bank. The developer cannot take out a loan for the next building until he closes the debt to the bank. To speed up the sale process, the rest are sold cheaper.
Property in a remote area
The most expensive apartments are located close to the sea. The reasoning is clear – the sea is prestigious. Sellers cut prices from the second line. Accordingly, the further – the cheaper.
And if the developer does not invest large budgets in the prestige of the land, he can invest in the highest quality materials. The ratio of price and quality in the complexes remote from the sea is more attractive because you do not overpay for prestige.
Prioritize the suburbs
When planning a move, you often want to choose a city with good infrastructure, rich history, and new buildings. The center of the capital, not otherwise. That’s just because the suburbs are no worse! For example, Kargicak. A city with a population of about four thousand people. It is located 16 kilometers from Alanya. There are both new residential complexes and inexpensive secondary real estate. Orchards, banana plantations, and mountain views. Ideal for a quiet and peaceful life by the sea.
Secondary real estate
To save money when buying a home, you should pay attention to the secondary real estate market. Secondary doesn’t mean bad. This is an apartment in which not the first owners will live. It also happens that secondary housing is new. The first owner bought it for resale. Sometimes it is impossible to sell more expensively, and the seller is forced to lower the price.
There is another category of resale on the market – houses built before 2000. Houses of typical Turkish architecture, where the only infrastructure is a swimming pool. Their price is significantly lower than the average price of newer properties. This is usually due to the need to make repairs and poor infrastructure. But older real estate has an absolute plus – often, it is located in the historical part of the city.
Resale housing in Turkey is represented by various options: apartments, villas, duplexes, and more. The main advantage is its location. New buildings, as a rule, are built on the second and third coastlines, while inexpensive secondary housing is located near the sea. In addition, the necessary infrastructure is already fully developed: educational institutions, hospitals, shopping and entertainment centers, shops, and restaurants, which means less construction work nearby.
The designation of the layout in Turkey is somewhat different: 1 + 1, 2 + 1, 3 + 1, so to choose the appropriate option, you need to navigate the main parameters:
- Secondary flat 1 + 1 consists of 1 bedroom, a living room, and a kitchen. One of the most popular options since the cost is the lowest of all flats presented on the real estate market.
- 2+1 apartments with 2 bedrooms and a living room combined with a kitchen. One of the advantages of housing (in addition to the area) is the presence of several balconies and, often, 2 bathrooms.
- 3+1 housing just for families. 3 bedrooms, living room, 2 bathrooms, and several terraces.
Resale Alanya: real estate market in the region
Alanya is one of Turkey’s most favored cities for purchasing resale property. Real estate in this region can offer numerous benefits, such as proximity to the sea, invented infrastructure, and affordable prices. There is little industrial production in the region, so water and air meet the standards of a resort town.
The secondary real estate market in Alanya offers a broad spectrum of apartments and villas of various sizes. You can also choose a house and a villa, a townhouse, and commercial facilities that will allow you to run your business. The price per sq. m. of secondary housing in Alanya, Turkey, depends on the location, distance from the sea, type, area of housing, year of construction, and surrounding infrastructure. Resale is relatively inexpensive, 15-25% lower than new buildings.
Find a good realtor
A good realtor in an unfamiliar country is worth its weight in gold. He will be able to suggest how to purchase inexpensive property in Turkey. After all, who understands the real estate market better than someone who functions with it daily?
If you desire to preserve money when purchasing property in Turkey, contact Turk.Estate for a consultation. Experts are constantly functioning on developing the real estate catalog and from various price categories. Contact right now, and they will discover accommodation for you according to your wishes and financial capabilities.
