Building cost in Turkey 2024

The best places to buy land

 

Choosing the location of the land is very important because it adds investment value to the properties built on it.

Today, the demand for land surrounding the huge investment projects established by the Turkish government, such as the new Istanbul water canal and other modern European Istanbul areas, such as Yeni Shahir, is increasing.

On the shores of the Black Sea, the area of Arnavutkoy is famous, which enjoys one of the busiest airports in the world, which is the new Istanbul airport.

In addition to the Chatlja area, which is one of the most beautiful areas in western Istanbul and includes vast areas of green land and is abundant with luxury villas.

Alongside the Beyuk Chekmeh area, which is located in the middle of the E-5 highway and the Sea of Marmara.

In addition to many areas in the Asian section of Istanbul, such as the Sabiha International Airport area.

We offer you more diverse options in the rest of the Turkish cities that witness a large urban movement and a wide construction renaissance, such as the city of Bursa, which is distinguished by its strategic location, which made it an attractive center for real estate investment, as it includes many vital and main commercial centers in the country.

Buying land in Antalya is a profitable opportunity, as land prices are relatively cheap compared to the price of apartments and include an abundance of supply for land licensed for real estate development. The city of Antalya enjoys moderate living costs, which makes it an attractive destination for living or spending holidays.

Alongside the vibrant city of Trabzon, located on the coast of the Black Sea, enjoying its mountainous terrain and waterfalls, where there are many lands for sale in Turkey on the sea, as it enjoys a moderate climate on the Black Sea coast.

 

Conditions for buying land for construction for foreigners

 

The foreign ownership law issued in Turkey in 2012 stipulated conditions for foreigners to buy real estate in Turkey, including land, as follows:

First:

To be of the nationalities allowed to own in Turkey.

Second:

It is not allowed to own land close to any military barracks or security strategic sites within 400 meters.

Third:

That the area of the properties from the land does not exceed 10% of the administrative area to which the land belongs and that it is not more than 30 hectares in all areas combined.

Fourth:

The real estate ownership law in Turkey for foreigners requires the establishment of a project on the land prepared for construction within two years from the date of purchase.

 

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The cost of building a villa in Turkey

 

There are big differences between the costs of different buildings, such as apartments, villas, and offices.

For example, the calculation of the cost of a residential building may depend on the apartments, while the calculation of the cost of the villa may depend on the square meters.

The cost of building a villa in Turkey is relatively higher than the rest of the normal real estate styles and the cost depends on the number of floors, the final finishes, its modernity, the number of rooms, entrances, and others.

 

The cost of building a house in Turkey

This varies according to the region or city where the land on which the building is built is located and according to the number of floors in the house and the area of the land on which the house is built and the size of the house and its design and many factors that affect the cost.

 

The cost of building a building in Turkey

 

 

The cost of building a building is relatively higher than the regular houses due to the increase in the number of floors and thus bear higher costs.

The costs of building buildings consist of many elements, some of which are fixed regardless of the size of the project. Such as building roofs or the cost of the elevator, it is a fixed cost whether the building consists of five or seven floors. Which affects the final cost of the project.

There are many factors that can affect the total cost of the project. For example, the investor’s choices regarding the quality of materials and materials used to raise the levels of luxury can play a big role in determining the final cost.

High-quality materials and luxurious designs are often more expensive, but they may increase the total value of the building. In addition, local laws and regulations, labor costs, and ongoing costs such as maintenance and insurance can affect the total cost of the project.

In the end, investors must conduct a detailed analysis of all potential costs before starting a building construction project to ensure the desired return on investment.