Last Updated on 20/04/2023
Izmir city is one of the most important provinces in Turkey. It is the 3rd largest city in the country after Istanbul and Ankara. Izmir, “the pearl of Aegean shores,” is rich with its 8500 years of history, hosting around 32 different civilizations noting Persians, Greeks, and Ottomans.
Izmir Turkey is also famous for its young population and its developed economy that keeps growing every year. It contributes remarkably to the overall GDP of the country in different sectors, mainly agriculture, industry, and tourism.
In this article, we will present some interesting facts about Izmir Turkey before you make a move.
Location of Izmir Turkey
Izmir Turkey is a metropolitan city situated in the western extremity of Anatolia. It has an interesting situation at the head of the gulf in the middle of the western Aegean coast. Thanks to this positioning by the Aegean sea, Izmir has the country’s largest ports.
The city has 11 districts and is considered the 2nd largest urban agglomeration on the Agean sea after Athens.
Climate of Izmir
Summers in Izmir are hot, dry, and clear, while winters are lengthy, chilly, rainy, windy, and partially cloudy. The temperature ranges typically from 5°C to 35°C throughout the year, with temperatures rarely falling below -1°C or rising over 38°C.
Starting from November 5 to April 21, the wetter season lasts 5.5 months, with a greater than 17% chance of rain on any given day. December has the rainiest days in Izmir, with an average of 9.6 days with at least 0.16 cm of rainfall.
The best time to visit Izmir for hot-weather activities is from mid-June to mid-September. The city is famous for its countless natural attractions and several sandy beaches such as Çeşme and Alçatı beaches as well as historical monuments like Ephesus.
Population in Izmir
Izmir is a 3-million-population with the majority of the locals being Muslims. However, secularism is highly presented in society. Furthermore, the city hosts Turkey’s second-largest Jewish community settled most in the traditional Karataş neighborhood. The area includes 9 prominent synagogues.
The city also has great importance for Christians, including the Virgin Mary house in Selcuk near Ephesus, the ancient city. This house remains a sacred place for Christians pilgrimage.
The economy of Izmir, Turkey
Izmir city has an advanced economy in different sectors. To a large part, Izmir’s economy is made up of industries, trade, transportation-communications, tourism, and agricultural activities. According to TURKSAT data from 2010 to 2019, Izmir contributed 6.18 % of Turkey’s GDP on average over the last 10 years.
In terms of economic growth, Izmir is the third most important city in Turkey, thanks to its economic strength supported by a multi-sectoral structure. Furthermore, with a yearly average of 21.15 billion USD in foreign commerce, Izmir is Turkey’s second-largest trade center. The Aegean city has averaged 11.02 billion dollars in exports during the last 8 years, constituting 6.665% of the country’s total exports.
A developed Tourism and Real estate sectors
The city has a developed tourism sector with more than 1.8 million tourists per year. This tourism development helped to thrive in the real estate market in Izmir. The important tourism industry increased the demand for Izmir properties for sale remarkably. In fact, according to TURKSAT data, Izmir ranked the 3rd in house sales in Turkey with 5486 properties sold in January 2022. Thus the rental income increases as well, with an average between 4 and 7% yearly.
Many developers and leading construction companies chose Izmir for their next real estate projects to find this promising real estate investment potential. This fact helped create a wide range of luxury properties for sale in Izmir. You can find modern buildings with innovative designs providing spacious apartments for sale. Luxurious sea view villas are available at affordable prices, especially in the Çeşme area.
Learn more about Real Estate in Turkey.
If you want further details about moving to Izmir, Turkey, MEO Consultants offer you a complete advisory. Our experienced team gives you full-service consulting if you seek properties for sale in Izmir, Turkey.
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