Real estate prices in Turkey are acceptable and reasonable compared to real estate prices in Europe and many other countries, but what are the factors on which the determination of real estate prices in Turkey is based?
1- Location: The first factor is the location, as real estate prices vary from one area to another and from one province to another, as well as the distance from public services and facilities, as real estate prices are in rich-facilities areas, which include many construction and real estate projects , are usually higher than real estate prices in other areas that do not include these advantages.
2- Readiness of the property: well, most people know that property under construction is cheaper than the move-in ready property. Real estate prices also differ according to the equipment of each property, in addition to other items like design, furniture, final finishes, electrical installations and others, as they play the fundemetal role in determining the price of the property.
3- The area of the property: the price of the property changes according to the area, as larger properties are more expensive than small properties.
4- View : Of course, the beautiful view of the property increases its price, whether it is sea, mountainous view.
5- The services available inside and around the property: as the properties that have better services and are in a service-rich area are more expensive, and that's why real estate within fully-service residential compound in Turkey is more expensive than others.
How does a licensed real estate appraiser do his work?
Actually, real estate prices, like any other investment, are affected by the supply and demand market, and this is the first factor that the real estate appraiser depends on, and the statement of the property and its defects, in addition to the services available within the property or within the property’s location and the property’s cladding and finishes, and the view also plays a role Important in the real estate appraisal process.
