imtilak logo

On the Prices of Villas in Turkey and the Factors Affecting Them

: 2019-05-03 Modified date : 2019-05-29

On the Prices of Villas in Turkey and the Factors Affecting Them
+ Font Size -
60 like

It is normal that the prices of villas in Turkey vary according to several factors such as location, geographical nature, proximity to the city center, space, the extent of finishing, and the interaction of supply and demand...

For example, considering the price of villas in Istanbul compared to its peers in Europe, we see a significant decline in the prices of villas and real estate in Istanbul in general, which makes Turkey the right investment environment attractive to investors from all over the world.

Prices of villas in Turkey: for those who look for the best

Many people tend to prefer real estate ownership in Turkey to other types of investment, regardless of the type of property (apartment-villa-farmland-offices-shops).

However, what makes the choice to own a villa in Turkey distinctive is the possibility of combining tourism in Turkey with future investment at the same time!

Perhaps the biggest gain is in obtaining Turkish citizenship, on the basis that the price paid for the villa must cover the minimum required to apply for Turkish citizenship through real estate ownership ($ 250,000).

All the above gains make the price of villas in Turkey a focus of search and investigation by investors and businessmen, looking for options within the price of villas in Turkey in dollars, or the price of villas in Turkey in Saudi riyals...

Types of villas in Turkey:

Normal villas

This type of villa spreads on the outskirts of the cities, across the Turkish countryside, away from the tourist centers and the vital points. Therefore, the prices of normal villas are cheaper than the rest of the villas in general.

Tourist Villas

Distinguished from the previous one with spectacular views of green or marine areas. Compared with normal villas, prices of tourist villas are significantly higher.

Villas with historical value

Palaces that witnessed the famous historical events and perhaps the best example of this area is the Ottoman palaces overlooking the Bosphorus in Istanbul.

These palaces are famous for their extremely high prices to attract the elite of the wealthy Arabs, and some of these palaces may cost $ 100 million!

Prices of villas in Turkey

What are the factors affecting the differential prices of villas in Turkey?

The following are some of the specific factors affecting the prices of villas in Turkey:

1- Location

Where the proximity or distance from the city centers directly affects the value of the villa, villas located in the heart of the city are more expensive than those in the suburbs.

As well as the Villa's proximity to historical areas and sea views, all play a key role in determining the value of the villa to be evaluated.

2 - The situation of the villa

If the villa is under construction, it is usually expected to have a relatively low price, leaving a better margin for a good return on investment compared to the ready villa, In addition to the likelihood of future price improvement.

3 - The villa’s area

Also, play a key role in determining the price of the villa, but you should pay attention to the cantilevers and net area and the total area and internal division, and In general, the larger the area of the property, the lower the unit price per square meter and vice versa.

Prices of villas in Turkey in dollars

4 - Luxury of finishes

This is the final stage of construction. It relates to the walls, floors, ceilings, and roofs of the villa. The importance of finishes stems from the fact that it will emerge later for all parts of the villa, whether interior or exterior.

The level of quality of the finishes can be controlled which is inevitably reflected in the price of the villa directly.

 5- Supply and demand interaction

Like any other commodity, real estate is affected by the law of supply and demand so that prices fall when supply is available and in return increases when scarce.

Istinye Kent Villas: the Dream Project

With its charming view, exquisite design and luxurious finishes, Istinye Kent Villas feature the following advantages:

  • The villas are a very special complex which is capable of offering the green and sea together on the crests of the Bosporus in the heart of Istanbul as a location.
  • Its vicinity to İstinye Park and İstinye Marina which is newly being constructed, its location in the immediate vicinity of the settlement in the coast of Bosporus, its connection to TEM exit and Fatih Sultan Mehmet Bridge as well as the Bosporus Bridge offer a unique location advantage to the project.
  • Situated in Sarıyer / İstinye in the very close proximity of Maslak office area, IMKB and Enka Schools, the complex is easily accessible via metro, sea route, and public transport.
  • Our complex respects nature! It’s considered a modern and rare housing project in Turkey respecting to the silhouette of the Bosporus, which is a candidate for the certificate of Leed for Homes.
  • Specially designed with a unique housing understanding, the project preserves the nature and ensures energy saving with its building structure respecting to nature, thinking about tomorrows, with low carbon release and high energy efficiency.
  • In this spacious complex projected in low-rise three blocks in İstinye and a life intimate with nature in which you will be able to take maximum benefit from sunlight and landscape awaits you.
  • The complex has been projected by Tabanlıoğlu Architecture, the owner of many national and international awards, with an innovative architecture understanding.
  • The buildings were planned so as to create a city panorama and form a visual and physical harmony with each other.

The following are examples of prices and available spaces for villas within the Istinye Kent project:

Number of rooms

Area

Number of bathrooms

Parking

The lowest price is in US dollars

2+1

207

2

1

Million and 54 thousand dollars

3+1

270

2

1

Million and 340 thousand dollars

4+1

375

3

1

Million and 861 thousand dollars


Prices of villas in Turkey in Saudi riyals

Edited by: Imtilak Real Estate

Source: Daily Sabah

Did you like our topic? Share it with your friends now!

+ Font Size -

Articles Most Read

Read More

Investment & Real Estate Ownership in Turkey

Read More

Tourism in Turkey

Read More

Imtilak Banners

Subscribe To Our Newsletter

to know more about the latest real estate offers


Privacy Policy

We use cookies to offer you the best possible user experience, learn more about how to use them