Feb 5, 2023

Cheap Houses for Sale in Turkey 2024

Despite the steadily increasing prices, it is still possible to find cheap houses for sale in Turkey and in some of the most famous cities of the Mediterranean and Aegean. Finding cheap houses for sale and Turkish villas for less than market value does not mean imperfect quality. However, real estate that is known by its quality and location is still the best. To search for cheap houses for sale in Turkey, you can always search the websites of real estate agencies that have thousands of villas and houses for sale. Each listing includes photos, indoor and outdoor information, floor plans if available, key features, reasons to buy, and current market price, in order to receive additional details and also details of the purchase costs, so that you can somewhat understand the price of the property.

What is the cost of cheap real estate in Turkey?

Prices for one- to two-bedroom apartments start at around £35,000, but low prices don't mean poor quality - most Turkish houses for sale offers focus on good use of space, modern features and an always-adjustable open plan design. These residences have vacation facilities for adults and children. It's not just the apartments that are positively priced. It is possible to find great deals on villas. Bargaining prices for villas start at around €90,000. Sometimes these resale homes will be in need of loving care, but sometimes the owner wants a quick sale, or the property is just off-plan.

Bank recapitalizations and distressed offers are below market value. These types of deals can be anywhere in Turkey. As long as you move quickly and buy quickly, you can take advantage of these great deals on bargained Turkish real estate. Deal, opportunity.. Whatever you want to call it, cheap cheap houses for sale in Turkey is a great opportunity.

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Why buy cheap real estate in Turkey?

There are many reasons, the first is that over the past decade, Turkey has embarked on a mission to reinvent its market, and buyers now have access to thousands of cheap off-the-shelf plans. Newly built apartments and villas, and resale apartments. From coastal destinations to mountainous highlands, the options of houses for sale are endless.

Low prices also provide an excellent opportunity for capital appreciation if you keep your home for a while. However, if you want to sell to turn your brick and tile investment into cash, you have a global market to advertise because both Turks and foreigners are active in the market.

Best places in Turkey to buy cheap property

Chasing and following sites of cheap houses for sale or villas is endless until you can find a destination that fits your lifestyle preferences. Whether you want to live in a trendy urban destination or a quiet village, the coasts of the Mediterranean and Aegean offer many houses for sale of interest. Sometimes, some owners want a quick sale, in this case; They will decrease the price of the property, in case you are looking for properties below market value.

Other than that, some destinations stand out more than others as places to look for cheap houses for sale. Bursa is the latest newcomer to the market and thanks to the ongoing developments, apartment prices are among the lowest in Turkey. Some are located in the center, while others sit on the coastal side, but regardless, Bursa is a destination worth seeing as it grows the real estate and tourism industry to match other places in Turkey.

It is also worth looking at the European side of Istanbul which is undergoing tremendous development with large and comprehensive housing dominating the market. Places like Beylikduzu. Avcilar and Kucukcekmece are located on the outskirts of the city center, however long term offers many opportunities for return on investment thanks to the continuous development of the area.

Meanwhile, heading to Fethiye, Tasyakka district which is also in the early stages of development and prices per square meter are falling, is shining. In Antalya, Mahmutlar locality in Alanya is attracting great interest, especially from European buyers who are looking for a summer holiday home. If the Bodrum peninsula is attractive, the smaller resort of Guvercinlik offers some well-priced apartments for sale that emphasize the serene Aegean lifestyle that Bodrum is famous for.

Advantages of investing in Turkey real estate

Real estate investment is considered one of the most profitable types of investments that generate steady income and has long been known for its importance as fixed assets characterized by many positives, the most important of which is high returns. We will summarize the positives of investing in Turkish real estate in several points:

Investing in Turkish real estate is a safe investment. The houses for sale market in Turkey does not suffer from drops and collapse because it depends on the sales of Turks and not on the sales of foreigners. The percentage of Turkish purchases of Turkish real estate compared to the percentage of foreign purchases is 93% compared to only 7%.
Increasing the value of the properties that you own in the short term means you will definitely increase your capital with in few years, and this matter only exists in Turkey.
The continuous and non-stop demand for searching for houses for sale in Turkish real estate, whether the property is new or old alike, which guarantees a stable additional income.
Obtaining Turkish citizenship: by owning one or a number of Turkish properties with a value of 400 thousand US dollars. This advantage is certainly considered the best among all the advantages of investing in Turkish real estate. So that the investor can apply and obtain Turkish citizenship with his/her spouse and children who are under eighteen years of age, regardless of the type of property, whether it is an apartment, office, villa, or commercial store.
Obtaining real estate residence permit: by purchasing one or a number of Turkish properties worth 200,000 US dollars in any city in Turkey. This residency has many features and positives, including that it is renewable and allows you to travel to Turkey at any time without the need for a visa. It is also possible for its owner to apply for Turkish citizenship after 5 years.

Generally, there is no specific time in which these deals will be active, or cheap houses for sale can be found at an attractive price. This follows the extent of the buyer's activity on the real estate agencies' websites as he stays informed first.

Following the Turkish real estate market is a common trait enjoyed by the Turkish people, so as a foreigner, you need to make a greater effort. In the follow-up and survey and know how to manage your financial balance in the event of a delay in the purchase process. As the market can be very volatile. You don't want to lose some of your money while waiting.

If you would like to know more about offers for houses for sale in Turkey, do not hesitate to contact us via WhatsApp, here. The real estate consultant will contact you as soon as possible.

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