Choosing an apartment is a complex process, especially when it comes to buying property abroad. Many foreigners from around the world turn their attention to sunny Turkey. Some come to this eastern republic for work, others for education, or intend to settle here permanently. Regardless of the reason for moving, the need for a home arises. Buyers often face the choice of whether to choose a property on the new or resale market.<\/p>\n
In this article, we will look at the real estate market in Turkey, analyzing the advantages and disadvantages of both new and resale properties.<\/p>\n
What is the difference?<\/strong> New buildings<\/strong> or primary real estate<\/strong> \u2013 This is housing in a building under construction or already completed. Such properties have not previously been assigned a title deed (TAPU), so the developer is the sole legal owner. Purchasing a new property often comes with a number of advantages, such as the ability to choose the layout, the state of the finish, and, most often, lower prices during the construction phase. Pros and cons of new and resale housing in Turkey<\/strong><\/p>\n Both new and existing homes have their advantages and disadvantages. Let's take a closer look, starting with new buildings.<\/p>\n Advantages of primary real estate:<\/strong> Disadvantages of primary real estate:<\/strong> Advantages of secondary real estate:<\/strong><\/p>\n 1. Fast check-in.<\/strong> One of the key advantages of purchasing resale property is the ability to move in immediately. Unlike new developments, where buyers often have to wait until construction is completed, apartments on the resale market are ready for occupancy immediately after the transaction is completed. Disadvantages of secondary real estate:<\/strong> Which type of real estate is more expensive?<\/strong><\/p>\n When it comes to real estate prices in Turkey, it's difficult to give a definitive answer to the question of whether new or resale properties are more expensive. Prices depend on a variety of factors that need to be taken into account.<\/p>\n Factors affecting real estate pricing in Turkey:<\/strong><\/p>\n 1. Age of construction and quality of repair.<\/strong> New buildings often command higher prices due to modern construction technologies and new utilities, while older homes may require repairs and renovations. Properties with high-quality renovations using modern materials also command higher prices. Thus, a new building on the first coastline may cost more than a resale home on the outskirts, while an apartment in an old building in the city center may have a higher price tag compared to a new building in one of the popular but remote areas. Taking these factors into account, potential buyers should carefully weigh all \"pros and cons\"<\/strong> , before making a final decision to purchase real estate in Turkey.<\/p>","protected":false},"excerpt":{"rendered":" \u0412\u044b\u0431\u043e\u0440 \u043a\u0432\u0430\u0440\u0442\u0438\u0440\u044b \u2013 \u044d\u0442\u043e \u0441\u043b\u043e\u0436\u043d\u044b\u0439 \u043f\u0440\u043e\u0446\u0435\u0441\u0441, \u043e\u0441\u043e\u0431\u0435\u043d\u043d\u043e \u043a\u043e\u0433\u0434\u0430 \u0440\u0435\u0447\u044c \u0438\u0434\u0435\u0442 \u043e \u043f\u043e\u043a\u0443\u043f\u043a\u0435 \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u0438 \u0437\u0430 \u0433\u0440\u0430\u043d\u0438\u0446\u0435\u0439. \u041c\u043d\u043e\u0433\u0438\u0435 \u0438\u043d\u043e\u0441\u0442\u0440\u0430\u043d\u0446\u044b \u0438\u0437 \u0440\u0430\u0437\u043d\u044b\u0445 \u0443\u0433\u043e\u043b\u043a\u043e\u0432 \u043c\u0438\u0440\u0430 \u043e\u0431\u0440\u0430\u0449\u0430\u044e\u0442 \u0432\u043d\u0438\u043c\u0430\u043d\u0438\u0435 \u043d\u0430 \u0441\u043e\u043b\u043d\u0435\u0447\u043d\u0443\u044e \u0422\u0443\u0440\u0446\u0438\u044e. \u041e\u0434\u043d\u0438 \u043f\u0440\u0438\u0435\u0437\u0436\u0430\u044e\u0442 \u0432 \u044d\u0442\u0443 \u0432\u043e\u0441\u0442\u043e\u0447\u043d\u0443\u044e \u0440\u0435\u0441\u043f\u0443\u0431\u043b\u0438\u043a\u0443 \u0434\u043b\u044f \u0442\u0440\u0443\u0434\u043e\u0443\u0441\u0442\u0440\u043e\u0439\u0441\u0442\u0432\u0430, \u0434\u0440\u0443\u0433\u0438\u0435 \u2013 \u0434\u043b\u044f \u043e\u0431\u0443\u0447\u0435\u043d\u0438\u044f \u0438\u043b\u0438 \u043d\u0430\u043c\u0435\u0440\u0435\u043d\u044b \u043e\u0441\u0442\u0430\u0442\u044c\u0441\u044f \u0437\u0434\u0435\u0441\u044c \u043d\u0430 \u043f\u043e\u0441\u0442\u043e\u044f\u043d\u043d\u043e\u0435 \u043f\u0440\u043e\u0436\u0438\u0432\u0430\u043d\u0438\u0435. \u041d\u0435\u0437\u0430\u0432\u0438\u0441\u0438\u043c\u043e \u043e\u0442 \u043f\u0440\u0438\u0447\u0438\u043d \u043f\u0435\u0440\u0435\u0435\u0437\u0434\u0430, \u0432\u043e\u0437\u043d\u0438\u043a\u0430\u0435\u0442 \u043d\u0435\u043e\u0431\u0445\u043e\u0434\u0438\u043c\u043e\u0441\u0442\u044c \u043f\u0440\u0438\u043e\u0431\u0440\u0435\u0442\u0435\u043d\u0438\u044f \u0436\u0438\u043b\u044c\u044f. \u0427\u0430\u0441\u0442\u043e \u043f\u0435\u0440\u0435\u0434 […]<\/p>\n","protected":false},"author":1,"featured_media":797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"acf":[],"yoast_head":"\n
There is a significant difference between the concepts of "\" primary<\/strong> \"" And "\" secondary<\/strong> \""real estate, and it is important to understand them in order to make the right choice.<\/p>\n
Resale real estate<\/strong> \u2013 is housing sold by an individual. It's worth noting that resale housing isn't always older buildings. It can also be new apartments in recently built complexes that have already been completed by another owner. Resale properties can offer ready-made infrastructure and a lived-in environment, which is an advantage for many buyers.<\/p>\n
1. High quality of construction.<\/strong> Turkish developers continually improve their housing construction technologies. New residential complexes are built using modern materials and systems that ensure high energy efficiency and excellent thermal insulation.
2. Thoughtful layouts.<\/strong> Apartments in new buildings feature clever layouts with varying room and area combinations. When purchasing in the early stages of construction, investors have the opportunity to choose the most suitable option from a wide range of options on different floors.
3. Developed internal infrastructure.<\/strong> Modern primary housing in Turkey offers attractive residential complexes with playgrounds, swimming pools, parking, saunas, gyms, 24-hour security, and other amenities for a comfortable stay.
4. Fenced local area.<\/strong> New projects include landscaped courtyards with flower beds, decorative greenery, and even private gardens within gated residential complexes.
5. Turnkey repair.<\/strong> Apartments in new buildings in Turkey are sold fully renovated and partially furnished, including kitchen cabinets and bathroom fixtures. The interior design is often done in light pastel colors.
6. Convenient payment system.<\/strong> Buyers are offered flexible terms for purchasing a home, including the opportunity to receive an interest-free installment plan for the entire construction period and a discount upon full payment.
7. Investment potential.<\/strong> A key advantage of new construction is the opportunity to purchase at a lower price during the early stages of construction. By signing a contract with the developer at the foundation stage, you can purchase apartments in 30% at a lower price.
8. Legal purity.<\/strong> The developer's apartments are sold free of encumbrances and unpaid utility bills, guaranteeing the legal integrity of the transaction.<\/p>\n
There are few disadvantages to buying properties under construction, but they do exist.
The main drawback is the long time between payment and occupancy. Those who invested in a new building at the early stages of construction will have to wait until the complex is completed and commissioned.
Despite the rapid pace of construction, delays may occasionally occur due to bureaucratic red tape, economic factors, or unforeseen circumstances.
However, this is no cause for despair. Construction companies in Turkey build projects quickly, paying close attention to quality. New seaside properties in Turkey are often completed in just 1-2 years.<\/p>\n
2. Possibility of bargaining.<\/strong> In the secondary real estate market, the price is set by the owner, giving buyers ample bargaining power. Sellers, especially those seeking a quick sale, are often willing to make concessions, allowing buyers to obtain the property at a more favorable price.<\/p>\n
1. The need for repairs.<\/strong> One of the main drawbacks of existing homes is the potential need for renovations. Older homes may have issues with worn-out utilities, such as electrical wiring, plumbing, and sewer systems. Furthermore, such homes may have outdated interiors that don't meet modern standards and tastes, which will also require additional renovation costs.
2. Legal issues.<\/strong> Resale properties can have complex legal histories, posing potential risks for buyers. Apartments may have encumbrances, such as outstanding utility bills, loans, liens, or other legal restrictions. All of this can complicate the purchase process and require additional due diligence and legal advice.<\/p>\n
2. Location.<\/strong> Apartments in the center of large cities such as Istanbul or Antalya are in high demand due to their developed infrastructure, convenient access to workplaces, educational institutions, shopping centers, and cultural sites.
3. Distance from the sea and view from the windows.<\/strong> Apartments on the beachfront will always command a higher price than those located further inland. Sea or mountain views not only provide aesthetic pleasure but also lend prestige to the property, attracting investors and buyers willing to pay a premium for them.
4. Footage and number of rooms.<\/strong> Large apartments with spacious rooms and bedrooms are more expensive because they offer more living space and comfortable living. Investors and buyers are considering this option.
real estate as a more profitable and promising investment.<\/p>\n
In addition to these factors, the price can be influenced by economic conditions in the country, demand in the real estate market, and infrastructure development plans in a particular area.
Primary housing may offer more modern solutions and potential discounts, while resale properties offer the opportunity for immediate occupancy.
When choosing between the primary and secondary real estate markets in Turkey, it is important to consider not only legal aspects, but also your personal preferences and needs.<\/p>\n