APARTMENTS COME TO THE FORE IN TURKEY’S REAL ESTATE MARKET | Property in Turkey
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Property in Turkey

APARTMENTS COME TO THE FORE IN TURKEY’S REAL ESTATE MARKET

Posted by Property In Turkey on 21 January 2016
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The cultural differences between the countries reflect on the property preferences. While Turkish people prefer apartments, Europeans prefer separate houses.

The research about the real estate habits of Europeans and Turks made by RE/MAX Turkey and Marketagent.com focuses on subjects like home life, moving routines, property expenses. The research has been made on 8.000 people from 16 European countries and 500 people from Turkey.

According to the research, %53,8 of Turkish people live at homes that are theirs, this situation is seem %35,8 when we look through Europe. Besides, people invest in apartments in Turkey whereas Europeans buy separate properties. Another important point of the research comes up at the property type wanted to be lived category; half of the Turkish people prefer to live in an apartment whereas the other half prefers to live in single family houses. However, the preference of Europeans on this category does not show any difference.

The research also indicates that %76.9 of the Turkish people says that a balcony or a terrace should exist at their properties. This is followed by green areas, parks and personal rooms. Europeans rank as first on the personal room category with %59.4. In Europe, balcony is not as much as important as for Turks.

In the home life category, Turkey is limited with %3 for solitary livings whereas Finland ranks as the first with %35. The quarter of the Europeans live alone in fact. Within the context of the research, the moving habits of Europeans and Turks show similarity. Both Turks and Europeans move 4 times on an average during their life.

The most appealing point of the research comes to light at the expensiveness category. The expense that Turks spend for housing during a year is almost same as the expense of Europeans. While Turks spend %39 of their income to the housing, this rate is %41 for Europeans and they say that the housing is becoming more and more expensive in their countries.

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