Last Updated on 14/09/2023
Discover the best place to buy a property in Turkey
Turkey has recently become a popular real estate investment hub. For several reasons, foreign demand for Turkish real estate has risen considerably in the last two years. These reasons include affordable property prices and low purchase process fees. Investing in real estate, whether for relocation or purchasing a year-round vacation home, attracted buyers worldwide to Turkey. Mounes Alnajjar says: In my opinion when one considers buying a home, the most important consideration is the location. What does the area offer in terms of lifestyle, culture, facilities, and climate etc…. Istanbul, for example, is considered the best place to buy a property in Turkey. It has the highest foreign real estate investment share, with 44.3%. Buyers should investigate the best place to buy a property in Turkey before proceeding with the purchase process. This selection, however, is not made at random and is based on several criteria.
Where is the best place to buy a property in Turkey?
Istanbul, The best place to buy a property to buy a property in Turkey
Istanbul undeniably comes on the head of the list while wondering about the best place to buy property in Turkey. It has undoubtedly been the most popular investment destination for overseas investors so far. Istanbul recorded the highest share, with 19.2 percent of Turkey’s home sales in February 2022. Furthermore, Istanbul scored top in the number of residences sold to foreigners, accounting for 42.6 percent.
These facts are unsurprising, given the city’s historical and touristic importance and its well-developed infrastructure. Megaprojects in Istanbul, including the new airport, bridges, and the major Canal Istanbul, are concrete proof of a strong infrastructure. The well-developed transportation network, which includes highways, bridges, tunnels, and various public transportation options, contributed to providing a solid and big real estate market.
Because of the competition among Istanbul’s pioneer building businesses, investors can choose from various properties with modern design and cutting-edge technology. Whether you’re looking for a luxury home, a sea view villa, or an investment apartment, you’ll find what you’re looking for in Istanbul.
Istanbul is also a business center with many international corporations. It is about to become the financial hub of the world’s EMEA regions (Eastern Europe, Middle East, and Africa) as evidenced recently by Google moving its EMEA headquarters to Istanbul, soon to be followed by Apple and others. Thus, Istanbul is the best option for foreigners seeking a job in Turkey. Moreover, Istanbul is an excellent choice for individuals who want to live in a cosmopolitan and sophisticated city as part of a global community.
Antalya, Turkey’s Mediterranean Diamond
Antalya, Turkey, is not only a fantastic holiday and sightseeing destination, but it’s also a suitable area to live and work. It is the best place to buy property in Turkey for many people. In fact, foreigners willing to work in the tourism industry, in particular, should choose Antalya.
In spite of the Covid pandemic situation, Antalya attracted around 9 million visitors in 2021. Thanks to its safe tourist policies, the city managed the Covid challenge wonderfully. Antalya’s developed tourism sector aided in the growth of real estate investment. In 2022, the province ranked second in foreign housing sales, with a 24 percent share.
So, if you’re seeking a vacation home where you can enjoy turquoise beaches and warm weather, Antalya is the place to go. In fact, Antalya Property in Konyaalti and real estate in Lara Beach are ideal for year-round living and perfect for investment.
Note that Antalya is Turkey’s most preferred destination for Russians particularly. In 2021, the number of Russians residing in Antalya reached 18,905.
Bodrum, Turkey’s elite holiday spot
Bodrum is a harbor city in Turkey’s Muğla Province. It is a popular destination for foreign vacationers and property buyers, attracting people worldwide. The area has been a popular destination for wealthy celebrities and Hollywood stars due to its unique architecture, stunning beaches, resorts and villas, and active nightlife.
Bodrum Turkey has been a popular destination for real estate investors. Bodrum’s nature and its magnificent views and lovely beaches make it an excellent place to invest in real estate.
Many local and foreign investors have been directed to Bodrum lately. As a result, it continues to be a popular resort for celebrities and high-society people. It attracts international buyers looking for houses for sale in Bodrum, whether for vacation homes or permanent residences. Thus, there has been a massive growth in the demand for luxury apartments in Bodrum. We should also highlight that sea view villas and beautiful apartments in a tourist resort with a swimming pool are the most popular real estate for sale in Bodrum.
Izmir, the Aegean precious land
Izmir is Turkey’s third-largest city. In the meantime, It is Turkey’s second-largest trading center generating about 21 billion dollars every year. These factors help place Izmir in third place in terms of economic growth. Between 2010 and 2019, the province contributed 6.18 percent of the country’s GDP.
In addition, Izmir is well-known for its thriving tourism industry. It is the result of a diverse landscape with sandy beaches and important historical attractions, including Ephesus City, which is a UNESCO World Heritage Site.
Furthermore, Izmir’s growing tourism industry has a positive impact on the real estate market. Leading construction businesses have recently competed for a spot in Izmir, which is a rapidly rising market with plenty of chances and strong investment potential. According to the Turkish Statistical Institute, the province ranked third in house sales in January 2022, with 5486 houses.
Fethiye, a heaven in the Turkish Riviera
Fethiye, Turkey, is one of Muğla Province’s most popular cities. It is a significant tourism hotspot with a global vibe that draws visitors from all over the world. Fethiye is also a popular destination for property buyers and investors due to its stunning beaches, distinctive scenery, and luxurious resort.
With its bright weather and sandy beaches, Fethiye is an appealing tourist destination for summer vacations. This fact significantly enhanced the demand for holiday houses. Investors in real estate were drawn to Fethiye due to this evidence. They began to see the city as a prominent real estate market with significant returns on investment.
Furthermore, Fethiye is a year-round area ideal for retirement. All the facilities and amenities are available all year long. It’s a comfortable area to live in, food, shopping, and daily services are affordable.
How to choose the best place to buy a property in Turkey?
As you can see, the answer to the question “where is the best place to buy a property in Turkey?” cannot be answered in a single word. This decision can differ among buyers depending on a variety of aspects.
To determine the best place to buy a property in Turkey, you must first assess your financial situation. Then consider the objective of your purchase, whether you’re looking for a vacation home, a comfortable house to live in, or even an apartment to invest in.
Furthermore, your lifestyle is a guideline to make you decide where to buy a property in Turkey. For example, a big family requires a spacious house with a lot of bedrooms. Furthermore, your daily schedule might assist you in determining the facilities you need to have close to your place.
To conclude, keep in mind that regardless of the place you choose, buying a property in Turkey is definitely an intelligent move.
If you want further details about relocation to Turkey, MEO Consultants offer you a complete advisory. Our experienced team gives you also full-service consulting if you seek luxury properties for sale in Turkey.
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