Last Updated on 10/05/2024
Many homebuyers in Turkey generally wonder about the cheapest place to buy property in Turkey. It is a question that homebuyers frequently ask us as real estate agents. Based on our extensive real estate industry knowledge, we can answer this question. Yet you should know that there are many factors to take into account such as your budget when buying a property anywhere in the world.
In Turkey, leasehold homes for sale are cheaper than in most countries. But, investing in a home is an investment in your net worth or future financial security. As a result, we provide advice to clients on a variety of topics related to real estate investment in Turkey.
Top 5 Cheapest Places to Buy Property in Turkey
In this article, we examine various aspects of the housing market that purchasers should take into account as well as where the cheapest properties are currently listed for sale.
Trabzon An Ideal Place to Buy Property in Turkey
Trabzon is a great place to invest in real estate and it is one of the cheapest places to buy property in Turkey. In fact, compared to other locations like Istanbul, Trabzon real estate doesn’t draw as much attention. Because of its conservative culture, Trabzon primarily draws Middle Eastern homebuyers interested in family houses. However, the south and west coasts attract Europeans buyers. Several new-construction neighborhoods stand out, and some of the duplex residences offer terraces with stunning sea views.
In addition to its breathtaking landscape, Trabzon is considered one of the best cities for international students in Turkey. In fact, it is home to 2 popular universities; Trabzon University and Karadeniz Technical University. The last one ranked 34th best global university in Turkey. These two universities offer varied and rich programs to international students in Turkey. Together, they provide 88 study programs. Besides, they include 37 bachelor’s degrees, 34 master’s degrees, and 17 doctoral degree programs.
Didim
Didim is a popular vacation and real estate market in Turkey. The district features a sizable community of retired foreign residents, some of whom are renting while others have started a property search to find their ideal house, with the typical property price in the area starting at about $150,000. This makes it one of the cheapest places to buy property in Turkey. Therefore, for a number of factors, properties for sale are incredibly affordable. Moreover, there are a lot of houses for sale and open lots for construction, which keeps real estate costs low. Besides, it is only within the last ten years that road and utility infrastructure has improved and the marina helps the area become known for sailing.
Dalaman
The Dalaman region should be taken into consideration if you’re looking for a peaceful retirement location that reconnects you with nature. Although the town is most known for its international airport, it has done a great job of building stylish residential real estate. Any prospective homeowner or real estate investor should take a $150,000 starting budget into account. This will get you a unit in a complex, frequently with shared amenities like a swimming pool. Due to the international flights that the adjacent airport offers, Dalaman will appeal to European homebuyers who are considering a move as one of the cheapest places to buy property in Turkey.
Kayseri the Cheapest Place to Buy Property in Turkey
Due to the local customs, which are quite similar to those in Arab countries, and the fact that the real estate in which they are located is believed to be the cheapest ğlace to buy a property in Turkey. This city in the center of Turkey is frequently visited by Arabs.
Moreover, Kayseri is a significant economic hub with a robust manufacturing sector, particularly in the manufacture of textiles, machinery, and food. Besides, there are numerous universities in the city, which draw in a large number of students and academics.
In recent years, Kayseri’s real estate market has expanded as a result of the investments made by several buyers. The city is a desirable alternative for both inhabitants and investors due to its strategic location, which provides quick access to other significant cities in the area.
Mardin
Mardin one of Turkey’s most significant cities. The province is both historically significant and a popular tourist destination situated in Southeast Anatolia. Its real estate costs are quite low, and the price per square meter undoubtedly fluctuates depending on the property’s location inside the city, its view, and other factors.
Can I find Cheap Real Estate in Istanbul?
Istanbul, the most significant city in Turkey, serves as the country’s economic hub and is special for a wide variety of real estate options to accommodate all socioeconomic groups and price ranges. Istanbul spans two continents at once, which made the investor’s decision challenging. Is it better to purchase affordable real estate on the European or Asian sides? Here you can find the most significant neighborhoods on both sides of the city that can serve as your destination for low-cost real estate in Istanbul.
Beylikdüzü
This area is on the European side of the city and is special for its urban modernity, as many construction companies have built many enormous projects in it recently, contributing to its status as one of the most significant real estate investment destinations in Istanbul. Some people consider it a good place to start when attempting to accumulate significant wealth. The equation that states it is required to acquire when prices are reasonable and to resell when prices rise can be realized in this area. Due to the high demand for real estate in that area, many specialists and experts in the sector anticipate price increases throughout the upcoming term.
Silivri
Although it is close to the city’s most significant districts and the most notable strategic projects, this location on the European side of the city has the lowest costs in Turkey. Actually, its prices were not affected as much as those in other areas. We can say that it is the cheapest place to buy property in Istanbul.
Therefore, those on a tight budget and those who like a quiet, comfortable life away from the bustle of the city while yet being able to appreciate the natural wonders that surround it on all sides can consider living in that district.
Esenyurt
Esenyurt is a district in Istanbul’s European side. Real estate prices in this neighborhood are lower than those in nearby or adjacent districts. This is because of the distance to the center. Nonetheless, it is anticipated that after the metro line’s construction is finished, prices will increase dramatically in the area. On the one hand, this will improve its investment value, and on the other, it will increase demand for it.
Kartal
This is one of Asian Istanbul’s expanding neighborhoods where property prices are still affordable. Besides, being close to the Prince Islands allows it to have several real estate options with a sea view. The Marmara metro line, which has a station here and has made it simple to visit other sections of the city and the European side of Istanbul from this location, is one of the excellent amenities in Kartal. Most locals and middle-class residents of this neighborhood have recently drawn international investment. The area has experienced a huge boom as a result.
We at MEO Consultants help foreign buyers find their first-time home and advised those looking at real estate investing. Contact us if you are looking at investment opportunities and would like more advice about the cheapest place to buy property in Turkey.
FAQS about Cheapest Place to Buy Property in Turkey
Where is the cheapest place to buy a house in Turkey?
Kayseri, Trabzon, and Mardin are among the cheapest places to buy a house in Turkey.
Which part of Turkey is the cheapest?
The central Anatolia region in Turkey is the cheapest part of Turkey.
What are the cheapest towns to live in in Turkey?
Kayseri, Konya, and Mersin are among the cheapest cities to live in in Turkey.
Which city is the best to buy property in Turkey?
The answer to this question depends on the need and situation of the buyer. Yet, generally speaking, we can say that Istanbul is the best city to buy a property in Turkey. Especially in terms of investment and income the city has a high investment potential.
Are property prices falling in Turkey?
According to the Turkish central bank, the price of residential real estate increased by 184.6% in August 2022. Moreover, Antalya saw the biggest price increase.
What is the cheapest place to buy property in the world?
Italy is one of the cheapest place to buy property in the world.
Where is the cheapest place to buy a house?
Michigan is consider the cheapest place to buy a house.
