Difference Between Gross & Net Square Meters
When shopping for a property in Turkey, you may come across the terms “gross square meters” and “net square meters”. These terms refer to the size of a property and can have a significant impact on the price and value of the property. It’s important to understand the difference between gross square meters and net square meters, so you can make informed decisions about your investment.
Gross square meters (also known as “gross living area” or “gross floor area”) refers to the total size of a property, including all interior and exterior spaces. This includes the living space, bedrooms, bathrooms, kitchen, balconies, patios, and any other enclosed or semi-enclosed areas. Gross square meters is a common way to measure the size of a property and is often used to determine the price of the property. For example, if two properties have the same number of bedrooms and bathrooms, but one is advertised as having a larger gross square footage, it may be priced higher than the other property.
Net square meters (also known as “net living area” or “net floor area”) refers to the size of the living space inside a property, excluding any exterior or common areas. This includes the living room, bedrooms, and other rooms that are used exclusively by the occupants of the property. Net square meters is a more accurate measure of the usable space in a property, and is often used to compare properties of different sizes and configurations. For example, if two properties have the same number of bedrooms and bathrooms, but one has a larger net square footage, it may be more desirable to buyers or tenants.
At Majesty Turkey, we understand that the size of a property is an important consideration for many buyers and investors. Our team is here to help you navigate the real estate market in Istanbul and find the right property to meet your needs and budget. We can provide guidance on gross and net square meters, and help you make informed decisions about your investment. Contact us to learn more and get started on your real estate journey in Turkey.