What's the Average Price to Build a Property in Turkey
The cost of constructing a new house in Turkey is determined by a variety of factors, each of which contributes to the overall cost of building your own home. The size of your property, the materials you choose, and the number of professionals you hire to finish the project are just a few of the major ones.
For this reason, it's almost impossible to have a single set price for a house construction project. That being said, we'll do our best to provide you with a breakdown of the average cost to build a house.
When you own your house, you have complete authority over the property and its features. It's entirely up to you whether you want cutting-edge energy efficiency or popular design trends. You also dodge the intense competition in the real estate market.
However, if you have been planning to build a home, you may need to double-check your cost estimates. Factors such as labor and material shortages increase building expenses.
The average cost of building a house in 2022 may be greater than in past years due to covid-19. However, it is unlikely that drastic changes in prices will reach the pandemic's peak. Yet you should consider the typical home costs that await you as a home builder in 2022.
Cost of Building a House in Turkey
The construction costs include purchasing land, acquiring licenses, designing, building the property, and the essential building materials. It is calculated per square meter of construction and varies depending on the system utilized for construction.
The pricing for the sections that follow is based on data collected throughout the preceding year. They should assist you in planning for any impending construction work. However, before you begin budgeting, always consult with an expert about pricing. We provide professional assistance to guide you on your project in terms of prices and suitable types of properties.
The Turkish Statistical Institute (TUIK) announced the data construction costs in Turkey. Accordingly, the construction cost index increased by 4.41% in May 2021 compared to the previous month and by 39.56% compared to the same month of the previous year.
Compared to the previous month, the materials index rose 6.32%, while the labor index fell 0.03%. In addition, compared to the same month of the previous year, the material index in Turkey increased by 49.45%, and the Turkish labor index increased by 19.97.
Building Costs by Type of Property in Turkey
Construction costs can be calculated by providing average prices on building homes for construction costs per square meter and for all types of properties, as shown below.
The average square meter cost price for construction is 1.500 TL. The cost of land for an average built property of 120 square meters varies depending on the area. It starts approximately from 65.000 TL and can go up to 1.000.000 TL in small cities. The prices for land increase even more in big cities. The average cost for the design of a single-story detached house of 120 sqm ranges between 4.000 TL and 6.000 TL.
The garden construction prices range between 200 TL and 600 TL per square meter on average depending on the area to be given for garden landscaping. We may estimate the cost to be 8000 TL for a 20 square meter garden. When you add together the costs of construction elements such as a garden wall, landscaping, garage door, and entrance area, you get an average cost of 7500 TL.
The construction costs vary depending on the type of property and the construction class. In Turkey, constructions are divided into five classes by their quality. Below you may find the minimum (simple class construction) and the maximum (luxury class construction) costs of different types of properties per sqm.
|Houses||Average Price in TL (per sqm)|
|Brick Stone Construction||1,473,07||146,44|
As for wooden construction, the cost of a wooden detached house varies based on the type of wood and the amount of wood utilized. It costs 225,23 TL per sqm on average, and 3.515,52 TL for first-class wood and extra costs.
Stone houses construction has become increasingly popular due to its low cost. On average, the cost of a stone detached house with a residence of 100 sqm and a land of 120 sqm is between 137,36-423,69 TL per sqm. Your cost will rise if you utilize wood, which is considered an extra cost in stone structures.
If you want to buy your own house in Turkey, please contact us. Our devoted team at Antalya Homes will be happy to assist and guide you throughout the whole process.