This question often arises when considering buying a property in Turkey and determining the better option between the two. What are the advantages that exist in one and not in the other? And why do real estate experts encourage buying within residential complexes?
Ziyad, the Sales Manager at First Istanbul, explains that properties within residential complexes offer several advantages that independent buildings lack, especially regarding the price discrepancy. Independent buildings often tend to be older and lack accurate pricing, which leads contractors to estimate their value arbitrarily and inaccurately. This creates a significant contradiction between the real price and the selling price, resulting in real estate fraud. This can have several consequences, especially when purchasing property for the purpose of obtaining Turkish citizenship.
On the other hand, modern residential complexes constructed by reputable companies with extensive experience in the Turkish real estate market commit to pricing the property according to the per-square-meter price in the area. They strive to align the prices by 95% to 100% with the estimated value, which is an essential part of the process of obtaining Turkish citizenship. Without the assessment report or if the estimate is significantly lower than the price paid by the buyer, it is impossible to obtain citizenship. Moreover, these complexes adhere to quality construction standards, including the materials used and seismic resistance.
Another advantage of modern residential complexes over independent buildings is the services they provide, especially elevators and parking spaces. Most independent buildings range from 3 to 5 floors, which often leads contractors to exclude elevators, causing inconvenience, especially for the elderly. Parking spaces are also scarce in many independent buildings, forcing residents to search for parking spots, particularly in central locations, creating a real problem.
Mr. Ziyad emphasizes that recreational services have become an essential part of life and cannot be neglected. Each residential complex is like a “mini-city” that includes various amenities such as pools for adults and children, Turkish baths, sports fields, gyms, and commercial shops. This makes it easy for residents to enjoy entertainment and shopping for their essential needs from top-notch branded stores. Additionally, the complexes offer spacious elevators and parking lots. Furthermore, there are security measures in place, including surveillance cameras and security personnel. The quality of construction in these complexes meets the latest international standards, especially with the inclusion of smart home systems. They also come with kitchen and electrical appliances, offering various purchasing options (ready or under construction) and cash or installment payment plans.
In conclusion, the numerous advantages make residential complexes the better choice for both living and investment purposes, especially considering that their prices are expected to witness balanced increases over the years. This is not available in properties within independent buildings, as their prices can decrease over time due to the lack of demand and the absence of any features that would increase their value.