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Are Ready Apartments Cheaper than Apartments under Construction?

Government facilities in Turkey have led to an increase in real estate offers that will facilitate ownership...

Are Ready Apartments Cheaper than Apartments under Construction?
5,632
2018-02-02 Last update 2020-02-12

Are Ready Apartments Cheaper than Apartments under Construction?

Government facilities in Turkey have led to an increase in real estate offers that will facilitate ownership. January 2011 saw real estate prices fall by 1%, which is a significant number, especially if we take into account the prices of real estate in major cities such as Istanbul and Ankara. Real estate experts point out that the process of "selling then building" was previously cheaper and more beneficial to the buyer, but the situation is changing now, as the process of (building then selling) is more profitable for the customer.

Real estate experts predict that Turkish government support for the real estate sector will rise in 2018, leading to an increase in local and foreign investors in the near term. This support is also expected to spur construction and real estate companies to offer multiple offers and start new projects.

In addition, many well-known brands have launched leading projects in major cities such as Istanbul, Ankara, and Izmir. Recently, many foreign companies, in general, and the Arab ones in particular, have entered the building and construction sectors within the Turkish real estate market. Many are currently under construction in cities such as Istanbul, Antalya, and Trabzon.

Source: Gayrenmakul habar

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