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May 15, 2024

Best Destinations for Buying Real Estate in Turkey

Main Criteria for Choosing a City to Buy Real Estate in Turkey:

  • Market activity: how easy it will be to resell the property;
  • Distance from areas with increased militarization and military facilities;
  • Restrictions for foreigners when purchasing real estate, related to residency and citizenship, to avoid excessive concentration of foreign citizens;
  • Price category per square meter, return on investment, tourist flow;
  • Availability and quality of infrastructure;
  • Ethnic and demographic composition of the region, attractiveness for certain groups, for example, European retirees

Istanbul: Istanbul leads in investments in the region with a 12.8% share, as indicated in the report by the Association of Young Businessmen of Turkey. The average price per square meter ranges from $1000 in the suburbs to $1900 near tourist spots. In Kadikoy, small studios can bring up to 9% income per year, while in other areas, profitability may be 3-4%.

Kocaeli: Located in the Asian part, not far from Istanbul, Kocaeli attracts with its affordability and picturesqueness. The cost per square meter here is around $640.

Ankara: As the capital and economic center, Ankara offers high returns on investment. The cost per square meter ranges from $700 to higher prices in the center.

Bodrum: This resort town is known for its premium real estate, with prices up to $2300 per square meter. However, due to military zones, accessibility for foreign buyers is limited.

Izmir: Located on the Aegean coast, Izmir offers a variety of prices and high investment income, especially in the Konake district.

Alanya: This place is popular among first-time real estate buyers in Turkey due to affordable prices and high profitability.Bursa: Known for its nature and convenient location, Bursa is an attractive choice for investors. The cost per square meter starts from $350.

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