It is known in the real estate market that the higher the quality of the property and the more services and facilities available in it, the higher the price. However, a property buyer may meet some properties that have special services, but at a cheap price, so what is the reason for the low price of real estate in Turkey.
• The location of the property: We have previously mentioned how important the location of the property is and how it is one of the most important factors affecting its price, so the first reason that lows the price of a property is the inappropriate location. The district may be non-viable or not have service centers, schools, universities, or even social facilities. Some people looking for apartments in Turkey may have to buy in non-vital places for their own reasons, such as having their place of work there, so we strongly advise them to seize the opportunity and buy property in this area. As for investors, we do not advise them at all.
• Real estate specifications: real estate prices vary according to the area, number of rooms, quality of finishing, and even the floor that houses the property plays a role in determining its price. The view also plays a very important role, especially since Turkey is full of beautiful landscapes, whether mountainous or marine.
• Circumstances of the property owner : chance may play a role and the searcher for a property meets a person who wants to sell his property quickly. These - that is, real estate sellers - offer lower prices for the property in order to complete the process of selling the property quickly.
• Legal problems in the property: the property with a cheap price may suffer from legal problems, such as the existence of a mortgage on it, the problem of determining the inheritance of the property's heirs, or even a warning to demolish the property.
Therefore, we advise anyone who wants to buy a property in Turkey to contact reputable real estate companies in order to avoid such problems in real estate.
