17Jun
17Jun
16Jan
Advice for Home Buyers from Turkey
Golden advice to Turkish people in Europe who will buy a house in Turkey
Off-the-shelf houses heady for inhabitation and title deed procedures are advantageous for the investors.
Noting that the Turkish construction industry has the strength and experience to produce world-class housing, Çukurova Yapı İnşaat A.Ş. Chairman of the Board of Directors, Tamer Son, gave important advice to Turkish people in Europe who will buy houses in Turkey. Underlining that Turkish companies that have reached a certain capital structure, have sufficient staff and have completed a certain amount of work, have realized very successful projects; Mr. Son emphasized that the residences built by these companies, whose titles are ready, which can be inhabited or rented immediately, will be very advantageous for investors. Mr. Son stated that, in addition to immediately delivered residences, choosing reliable companies that have delivered their projects on time and completely and that have financial institutions behind them is an important criterion for preventing grievances and realizing profitable investments.
Emphasizing that Istanbul, which is among the prominent cities of Turkey and especially the world, in terms of housing investment, is in a very advantageous position, Çukurova Yapı İnşaat A.Ş. Chairman of the Board of Directors Tamer Son gave important clues to Turks in Europe about the points they should pay attention to when buying a house in Turkey. Tamer Son, who advises those who would like to get a quick return on their investments, to use their preference for completed branded projects; underlined that the residences, whose occupancy has been taken, whose deed is ready, which can be occupied or rented immediately, will provide a great advantage by eliminating the concerns such as “Will the project be completed on time, how will the quality be, whether resident title deeds can be obtained”. Mr. Son pointed out that it is very important to choose reliable companies that have delivered their projects in a timely and complete manner and have financial institutions behind them in order to avoid suffering and stated that projects with high premium potential, easy access to the metro, close to shopping malls and in central locations within life will be much more profitable.
The right company and project must be chosen
Emphasizing that the construction industry, which is the locomotive of the Turkish economy, has the strength and experience to produce world-class housing, Tamer Son said, “At this point, the important thing at this point is to prefer companies that have reached a certain capital structure, have sufficient staff and have completed a certain amount of work for a safe and profitable investment.”
It’s time to buy a house in Turkey
Underlining that the recently increased construction costs in Turkey have not yet been reflected in the housing prices of the completed projects, Mr. Son reminded that housing prices will rise rapidly with the effect of cost increases and the decrease in production amount in construction, after the stocks of immediately delivered flats have been depleted recently and said that now is the right time to buy a house in Turkey.
16Jan
Housing Need Never Ends In Turkey
HOUSING NEED IN TURKEY NEVER ENDS AND HOUSING PRICES INCREASE WHEN SUPPLY IS LOW
Çukurova Gayrimenkul President Tamer Son recommended the use of advantageous prices and attractive campaigns in immediate delivery projects.
Reminding that 92 percent of Turkey’s surface area is in the earthquake zone and there are approximately 20 million residences that need to be renovated, Çukurova Gayrimenkul Chairman of the Board Tamer Son said that the need for housing will not end due to developments such as marriage, divorce, and the need for growing families to expand their homes in our country with a young population. Stating that the interest in sales from the project has been higher in the past years, Son said that recently, consumers have turned to projects with immediate delivery. Stating that the construction costs and the increase in foreign exchange are not reflected in the housing prices in the existing projects, Mr. Son emphasized that the housing prices will not decrease due to the increasing costs in the new projects to be started when the stocks are depleted, and advised consumers to make quick decisions.
Stating that the construction sector, which is the locomotive of Turkey, is among the largest when compared to other real estate markets in the world, Çukurova Gayrimenkul Chairman of the Board Tamer Son stated that more than 1 million real estate is bought and sold in our country on an annual basis. Drawing attention to the frequency of marriage and divorce in Turkey, which has a young population, the need for a larger house for families with children, and the need for new houses, most importantly fact that there are approximately 20 million houses that need to be renovated because we are an earthquake country, Tamer Son underlined that the need for housing will not end easily.
Housing prices will not decrease, housing prices will increase when current stocks are exhausted.
Stating that the increase in construction costs and foreign exchange is not reflected in the housing prices in the existing projects, Tamer Son emphasized that when the stocks are depleted, the housing prices will not decrease due to the increasing costs in the new projects to be started, on the contrary, they will inevitably increase. Expressing that we are in the right period to invest in real estate in terms of price advantage, Mr. Son said that the current housing stocks will start to decrease with the expectation that prices will increase in new projects and with the effect of attractive campaigns.
There is an increase in demand for immediate delivery projects
Stating that the interest in sales from the project has been higher in the past years, Son said that recently, consumers have turned to off-the-shelf projects. Pointing out that there has been an increase in the sales of immediate delivery projects, especially in the last 6 months, Mr. Son stated that there will be a significant increase in prices due to high inflation and interest rates in newly built and future projects and advised consumers who want to buy a house to make quick decisions so that they do not miss out on advantageous prices and opportunities for which the price hikes have not yet been reflected.