It is difficult for novice investors and ordinary homebuyers to believe that an apartment abroad can be inexpensive. However, if we are talking about Turkey, this is more than real. The source – https://turk.estate/en/ – will give you material about inexpensive real estate in Turkey and the reasons for the low cost.
Is it really possible to buy a Turkish apartment cheap?
Foreign housing can be inexpensive. There may be several reasons for this. There are destinations that are available on their own, such as Turkey, where some properties are cheaper than in Europe and other countries. It does not necessarily mean that there is a catch here. Now the Turkish real estate market is still in its infancy. There are many properties of outdated housing stock and vice versa. There are many development projects under construction.
It is much more difficult to choose housing in more expensive countries, where the presence of frankly cheap housing is suspicious. That’s where you should look for pitfalls.
Why can real estate in Turkey be cheap?
- The house may be located in a disadvantaged area with poor transport accessibility (away from infrastructure and public transport stops);
- Old repair or its complete absence;
- Unpaid debts of previous owners.
These were the most unfavorable factors of low cost. But can the cost of apartments in Turkey be below without a catch? It can be. Here are a few reasons that are relevant for 202:
- Large selection of properties in the secondary and primary markets;
- The uneven development of individual housing sectors;
- The general economic situation in the country;
- Location – the apartment can be located in a nice residential development project with a swimming pool, gym, etc., but at the same time be at a decent distance from the sea or the city center.
Real estate in Alanya is the most attractive right now. Here you can buy an apartment for EUR 32,000. Depending on the location, the cost may vary. In the suburbs, housing is cheaper. Although it is not inferior in quality to apartments in the center or by the sea. If the location is not important for you and you are looking for a place to live permanently, you can pay attention to apartments at a distance from the sea. If you consider the properties as an investment asset or a second home for seasonal recreation, it is better to give preference to areas closer to the sea and recreation, where there is a higher demand for rent among tourists and more places for interesting pastimes.
To buy property in Turkey
More interesting housing options are presented on the Turk.Estate website. The catalog contains apartments and villas directly from developers at attractive prices. If necessary, you can get advice, you can contact the manager of the company. The agent will provide comprehensive information support and ensure the security of the transaction.
