Those looking to invest in Turkish real estate should take advantage of investing in property during the winter months. Many buyers prefer to purchase a home in Turkey during the spring or summer months. They decide to take a vacation and buy a Turkish home, effectively killing two birds with one stone. On the other hand, autumn and winter are becoming increasingly popular times to invest in Turkish real estate. There are numerous reasons to invest in Turkish property.
Home sales are on the rise
Due to the holiday season, home sales surge in the spring and summer, and while demand is high, prices are likewise high. In the winter, however, demand for buying and selling properties is relatively low, and hence property prices are at their lowest. Turkey’s winter season lasts roughly four months, from the beginning of December to the end of March, with average temperatures ranging from 12 to 13 degrees Celsius.
In January, when it’s cold and sometimes snows, the weather is favourable for winter sports and unique winter vacations, the winter tourism season reaches its pinnacle. And then there’s spring. They can go skiing, visit medical resorts, stay in various hotels, and take advantage of special deals and discounts in the Turkish markets during the winter season, among many other destinations and unique chances.
Istanbul is a famous tourist destination in Turkey throughout the year, especially in the winter when it is blanketed in snow, and it leaves a lasting effect on visitors. It is not only a tourist attraction but also an investment location. For the following reasons, the winter season is an excellent time to purchase a home in Turkey: if you enjoy skiing you can visit the Antalya area, go skiing in the morning and take a swim in the afternoon. Sightseeing is pleasant when the weather is cooler and Turkey has many historical attractions to visit.
Few individuals prefer to buy real estate in the winter, which minimizes competition and allows buyers more options and time to compare offers and select the best deal. To entice customers, real estate companies offer special discounts during the winter.
As there is a drop in the demand for and purchases of real estate firms, there is greater freedom in bargaining with real estate company representatives, leading to a better deal for all parties. Because it arrives in longer-term payments, flexibility may reach the point of making the payment transaction easier.
Compared to the costs they paint in the summer and spring seasons, hotels and tourist apartments also offer inexpensive pricing in the winter season. This gives the buyer a quiet and comfortable place to remain until the sale and purchase are completed.
Sales figures are increasing
Last year, Turkey set a new record for real estate sales, with one million 499 thousand and 316 houses sold in 2020. In the buying and selling procedure, Istanbul came out on top. In 2020, it sold one million and 199,715 residences, with real estate sales to foreigners reaching 61,734. Istanbul likewise topped real estate sales to foreigners, accounting for 39.8% of the total 154,871 homes sold.
Istanbul real estate investment
Istanbul’s natural beauty and cultural richness, as well as its economic strength, have all contributed to its popularity as a tourist and investment destination. Istanbul is also the most densely inhabited metropolis in Europe, with 215 million and a half people. Istanbul Airport is one of the most important major infrastructure projects developed in the city, and it is attracting rising interest in infrastructure development. As a result, Istanbul has become one of the world’s most influential real estate investment locations.