Is winter is the best time to buy a property in Turkey?
For investment opportunities or as a way of getting citizenship or residency, purchasing real property in Turkey has been a favorite of numerous foreigners in recent times.
A question that a lot of buyers and investors might ask is whether the period you select to purchase an investment property is crucial in determining the best moment to buy a property in Turkey?
The simple answer is that if you locate the perfect property at the right location and at a price that is within your financial budget it is the right opportunity to purchase.
But, there are many other factors that you should consider when purchasing real property in Turkey that we will cover in this article and we will keep you posted.
Advantages of buying a property in Turkey
- The cost of living in Turkey is cheaper than in Europe and America.
- This is how you may get Turkish residence and citizenship.
- Turkey has a lot of high-quality items, and the prices are reasonable.
- In Turkey, there are several entertainment and tourism centers that appeal to all visitors.
- Turkey has an abundance of coastal regions, sporting arenas, and cycling sites.
- Purchasing real estate in Turkey is simple, and the Turkish government has made it easier for foreigners to do so.
- There are several possibilities for purchasing real estate in Turkey.
- You can pay for the property in installments, but the title deed will be recorded in your name at the same time.
- The Turkish transportation system is extensive and easily accessible, with Metro lines, aircraft, and public transit all available.
- Purchasing a home in Turkey can provide you with an excellent investment opportunity.
Real estate costs per square meter in Turkey's major cities
What factors should be considered while purchasing real estate in Turkey?
You must first decide where you wish to live: Istanbul, Izmir, Antalya, Ankara, etc.
Because the conditions in each place change and the expenses you require differ, living in Istanbul, for example, costs more than living in Antalya.
Second, the cost of purchasing a property in Turkey is determined by numerous factors, the most important of which are:
- Which location do you prefer, the beach or the city center?
- The number of malls in the area surrounding the property.
- Are you looking for an apartment, a villa, or a commercial property?
When is the best time to purchase a home in Turkey?
Purchasing real estate based on the seasons of the year
Spring is the finest season in Turkey since it is the optimum time to look at real estate specifics and compare different choices.
Furthermore, sellers offer their real estate for sale throughout the summer, between the months of May and June, when you may discover a wide range of alternatives.
While spring and summer are the most popular periods to buy real estate in Turkey, due to low market demand, winter is the greatest time for the savvy buyer to seek for the appropriate real estate.
To further grasp this, consider that the optimum time to purchase a boat is during the bright summer season.
The majority of sellers prefer to sell during the summer, when the buyer can enjoy the yacht. However, buying boats in the winter is more smart since demand is down and sellers will be more ready to entice buyers with cheaper pricing.
In general, the season influences the acquisition of many types of real estate in Turkey, particularly those with specific qualities such as closeness to the sea and the beach, which necessitate ideal climatic conditions.
Purchasing a home during the winter
There are several reasons to acquire real estate in Turkey during the winter, since it may save you a significant amount of money.
Furthermore, here are four reasons why winter is the ideal season to buy real estate in Turkey:
1- Lower activity in winter
Winter means fewer buyers are looking for a home, and decreased activity encourages real estate agents to be more hasty in making a transaction.
2- There is less competition
In general, the number of vendors and purchasers drops throughout the winter.
Buyers have more negotiating power and more possibilities to acquire discounts when there is less competition and demand.
3- Time saving
With demand dropping and real estate sellers eager to sell, the time to negotiate contracts and complete the purchase process would be dwindling.
Furthermore, because real estate offices are less busy in the winter, their services will be more efficient.
4- Beneficial circumstances for the seller's terms
Sellers are constantly seeking for strong demand, thus prices rise in the spring and summer.
When a home is listed for sale in the winter, the seller generally does so for financial reasons or an emergency.
As a result, in such cases, it is feasible to sell the item instantly at a cheaper price than the initial price.
Every year, an increasing number of foreigners purchase real estate in Turkey in order to join worldwide markets, since all experts believe that real estate is the finest long-term investment choice.
Furthermore, investing in the Turkish real estate market will allow you to gain residency and citizenship in this nation.
If you want to buy a house or an apartment in Turkey, you may contact our real estate specialists for the greatest deal and guidance.
We will assist you throughout the process of purchasing a home in Turkey, until you get Turkish residency or citizenship.