What affects the liquidity of real estate in Turkey
The main factors that increase the liquidity of Turkish real estate are the following:
- good location of the property;
- well-developed infrastructure;
- quality of construction and finishing materials;
- technical specifications of the object;
- exclusive architecture of the project;
- views from the windows;
- high demand for real estate in the area;
- appropriate price of the apartments;
- good management system of the complex;
- high rental potential.
The first requirement for liquidity of a property in Turkey is, of course, the location. For example, property for sale in Turkey especially in large cities with a developed infrastructure or resort properties by the sea is not getting cheaper but is increasing in value every year. The value of a property also increases if there are attractions, park areas and urban infrastructure nearby. Conversely, the value of a property drops when it is close to industrial plants, traffic congestion in the area, or in an unsuitable neighbourhood – slums, renovation districts, etc.
It is important to consider the condition of utilities and communications when choosing liquid real estate in Turkey, as if plumbing and electrics need replacing, the value of the asset decreases significantly. This is why Turkish new buildings are attractive for investment, with well-designed architectural solutions and a wide range of services on the property:
- outdoor and indoor swimming pools;
- spa area, hammam;
- tennis court;
- children’s playroom, etc.
Additionally, the liquidity of apartments depends on the area and the layout. The number of square metres and rooms also increases the value of the property.
Apparently, the view from the window is one of the most important factors in determining the degree of liquidity of real estate in Turkey. So if the property has a great view of the sea, the Toros mountains or the historical area, its value will obviously increase.
It is very important to consider the purpose for which the property is being purchased. If the object is purchased for resale, it is worth giving preference to the young areas of Turkey, wherewith their development and prices for housing will rise. Want to save up to 30-40% of the market value of the property? Invest in a new building at the stage of the foundation or blueprint of the project.
To get rental income, decide on the time frame first. If you’re planning on renting out your home for the long term, look for flats in larger cities that are close to important social infrastructure such as schools, clinics, ATMs, supermarkets, pharmacies, etc. For short-term rentals, prefer resort areas with high tourist traffic.
All these factors have a direct impact on the sales rate and increase the liquidity of the property for sale in Turkey. The more of the components coincide, the higher the buying power dynamics for the property. The exception is properties that are obscenely overpriced.
Liquidity of different types of real estate in Turkey
The market demand for liquid apartments is at all times high, and it is not always easy to find options at an affordable price on the market. Looking at how to price a real estate in Turkey, the signs of liquidity may differ for different types of accommodation.
Comparing the resort and urban properties, we see that in addition to the pricing, an important role is played by the area of the property. For example, 1+1 and 1+2 flats are more commonly purchased in major cities in Turkey than larger apartments, as they are more affordable, and thus can be more easily resold or rented out. Similarly, properties of similar layout are also popular in the resort areas.
Certainly, the first line of the sea for holiday apartments is more valued than other locations. Urban housing is purchased for many other reasons – to live for work, study, etc. This leads to somewhat different criteria: closeness to the educational institutions, historical centres, architectural monuments, etc.
So what affects the liquidity of luxury real estate in Turkey? First and foremost, it is the uniqueness and exclusivity of the project in the Turkish real estate market. Objects of the VIP category can be compared to collectables, which allow the owner to underline their status. This is an indication of the liquidity of real estate for luxury housing.
In fact, even if the apartment in Turkey is purchased not for investment purposes, but for their own residence, the purchase must necessarily be profitable. Therefore, when deciding to purchase a property, it is rational to consider its level of liquidity in the first place.
If you contact Tolerance real estate agency, you are 100% likely to become the owner of a liquid property in Turkey. Our experts will make sure that the sale procedure is clean and safe and will help you to get a profitable apartment by sea or in one of the historical centres of the Republic of Turkey.