Construction cost in Turkey and in certain regions of the world.
Construction costs can vary depending on many factors. These include project type, location, prices of building materials, labor costs and other factors. However, since we are selling heavily in the housing sector, we will focus on the average costs in housing today.
The cost of housing per square meter, which varies from country to country, also varies in rural and metropolitan areas in countries. For example, when a house built in Adıyaman is wanted to be built in Istanbul, there may be a difference between 1.5 and 2 floors. Although estimations can be made within a certain framework, it is not possible to give an exact figure.
The average cost of building in Istanbul varies between 1250 and 3000 dollars. This cost varies depending on the quality of the materials used. Since the land prices of the residences are high in most luxury regions, sometimes this scale can be exceeded.
Construction costs are generally high in major capitals such as New York, Tokyo, London, Paris, Beijing and Moscow, but Istanbul is not inferior to these cities.
New York,
It’s challenging to provide an exact construction cost for New York City without specific project details. However, as a general guideline, construction costs for high-rise buildings in Manhattan can range from $1100 to $2,500 per square foot or more, depending on the quality of finishes and other project-specific factors.
Tokyo,
Providing an exact construction cost for Tokyo without specific project details is challenging. However, as a general guideline, construction costs for commercial or high-rise buildings in Tokyo can range from approximately $3,000 to $6,000 per square meter, or even higher for luxury projects or those located in prime areas.
London,
Providing an exact construction cost for London without specific project details is challenging. However, as a general guideline, construction costs for commercial or high-rise buildings in London can range from approximately £2,000 to £4,000 ( 3000-6000dolars ) per square meter or more, depending on the project specifications and location.
Paris,
Providing an exact construction cost for Paris without specific project details is challenging. However, as a general guideline, construction costs for commercial or high-rise buildings in Paris can range from approximately €3,000 to €6,000 ( 4000-8000dolars ) per square meter or more, depending on the project specifications and location.
Beijing,
Providing an exact construction cost for Beijing without specific project details is challenging. However, as a general guideline, construction costs for commercial or high-rise buildings in Beijing can range from approximately 10,000 to 25,000 Chinese Yuan ( 1000-3000dolars ) per square meter or more, depending on the project specifications and location.
Moscow,
Providing an exact construction cost for Moscow without specific project details is challenging. However, as a general guideline, construction costs for commercial or high-rise buildings in Moscow can range from approximately 30,000 to 60,000 Russian (300-600dolars) Rubles per square meter or more, depending on the project specifications and location.
So
In other words, Istanbul construction investment is one of the living centers with the lowest construction cost. Investments to be made here will gain much more value with brand and regional colors and will provide you with a much higher amount of income.
Istanbul ranks first as the central point where you can spend the investments that will gain value in the cheapest way.
You can contact us for more information and details.
(All Values are taken from 2021.)
