The ideal time to purchase real estate in Turkey - find out why now!

Photo by Engina Yapıcı

Owning real estate in Turkey

Considering the prices of real estate in Istanbul, Alanya, Antalya or Mersin is a desirable and quite realizable dream for many foreign citizens. Real estate in Turkey guarantees its owners many advantages. It is important to seek the support of an experienced and reliable agency and choose housing without haste and fuss to see not only the pros, but also the cons. When is the best time to buy an apartment in Turkey? Do prices change depending on the season? We will talk about this in our article.

Seasons for buying real estate in Turkey

According to statistics, the most popular season to buy real estate in Turkey is spring and summer. However, experts and experienced buyers know that fall and winter have their undeniable advantages for viewing and closing a deal.

The benefits of buying a home in the late fall and winter:

• The climate of the resort coast of Turkey during the winter months is characterized by high humidity. Therefore, if the waterproofing in the house is not done correctly, the walls of the first floor apartments can become moldy and the floors can become hot during long rains.
• The winter season allows you to make the right choice. As you know, most houses in Turkish resorts do not have central heating. The cold period is rather short, so air conditioners are enough to heat the rooms. The easiest way to evaluate the operation of the air conditioning system, comfort of living in such conditions and financial costs is the period of active use.
• Choosing accommodation in Turkey in winter will allow you to objectively assess the flooring. When looking at housing in summer, we do not pay attention to the floor, whether it is cold or warm.

Effect of season on real estate values

“When are apartments cheaper, in winter or summer?” is a top question from potential buyers of Turkish real estate. The price per square meter does not significantly depend on the season, as the high demand from foreign investors for housing in Turkey remains. Prices are influenced by other more serious economic factors, such as exchange rates, inflation, mortgage interest rates, and the political situation.

Overall, there are several factors that can indirectly affect the cost of residential real estate when buying an apartment in winter:

• There is greater interest from realtors looking to sell residential properties. In winter, there are fewer buyers, so some sellers are willing to make concessions to close a deal.
• Competition and demand are decreasing, so the investor has the opportunity to negotiate a purchase with the seller on more favorable terms. This usually applies to urgent sales.
• Developers and sellers much more frequently hold promotions and seasonal discounts on their properties to stimulate interest and demand from investors.

As you can see, buying an apartment in Turkey is advantageous at any time of the year. Winter is a good time to save your time and money, and it allows you to get a more complete understanding of the property you like. Professional assistance from specialists at Turk.Estate guarantees a successful purchase and comprehensive support at every stage of the buying and selling process.