With a population of almost 82 million people, Turkey is one of Europe’s most promising real estate markets due to its strategic location at the crossroads of Europe, the Middle East, and Central Asia. The country offers excellent real estate developers and investors opportunities by combining a large construction sector with growing commercial and industrial output.
Turkey’s population is growing at a rapid pace, while the new housing stock is plummeting. Its construction activity is growing rapidly. The country’s construction industry grew by 25.1 percent in the first six months of 2018, compared to the same period last year, according to the Turkish Statistical Institute (TurkStat). The growth rate is even more astonishing when compared to the growth rate of the overall construction sector in the same period, which was only 6.1 percent.
The price for buying a house in Turkey varies greatly from city to city and from season to season. Generally speaking, it costs around $100,000 to buy a home in any given city during the Spring or Fall seasons, while it costs much less between November and March due to high demand for housing. When it comes to rent prices, however, each locality has its own rules and regulations that affect how much rent is affordable for different types of dwellings within that particular area. So always speak with an agent or real estate broker when planning your rental move-in date as there may be some discrepancies between what is advertised online or on physical properties and what you may find during your inspection process!
Renting a house in Turkey can be expensive depending on several factors such as size and number of bedrooms/ bathrooms compared to other areas of the world; location; type of property; monthly rent amount; holiday period; etcetera. Generally speaking though, rents will range anywhere from 100% up (for apartments) all the way down 50%-75% during peak months (like May-September). Always ask around specific neighborhoods or cities before making any decisions as landlord’s fees can differ significantly from place-to-place withinTurkey!