6 Best Locations to Buy Real Estate in Turkey

Tourism, trade and technology have turned the world into a global village. Investment trends around the world have changed rapidly in recent years. Investing in overseas real estate has now become the new normal.

The number of investors investing in overseas real estate is increasing every year. Analysis of this phenomenon reveals many interesting facts:

• Investors are always looking for a diversified portfolio; investing in real estate can be a great way to facilitate this.
• Investing in foreign real estate often helps with tax exemptions.
• Rental income will help pay the mortgage and benefits as a long-term source of income.
• Investing in different countries can minimize the impact of a particular country's economic downturn or upswing.
• Investing in foreign real estate can generate rental income and provide a solid property for generations to come.
• Selecting countries for foreign real estate investment
• Many countries have now eased restrictions on foreign investment in real estate. It's a welcome trend for avid investors.
• This begs the question: which country should you invest your hard-earned money in?
• While the answer may not be that simple, there are several factors that must be considered before making a final decision.
• Growth of the country's economy
• Reasons for wanting to invest overseas
• The projected future value of the property
• The benefits of your investment in the country
• Exchange rate
• The potential of the land to offer substantial returns
• Your affordability and budget
• The type of property you are looking for

Investing in Real Estate in Türkiye

Türkiye is one of the countries where foreigners can invest in real estate. It is one of the few countries that offers foreign investors a pleasant living environment, among other various advantages.

In recent years, the country has developed so well in construction technology, infrastructure, education and medical facilities. Ambience, culture, food, a growing urban population and job opportunities all add to the splendor of this coastal state.

One of the countries with the most real estate investment

According to the Global report, Turkey ranks 14th among the best countries for real estate investment. It also scores highly for its global tourist footprint and consistently ranks among the top 10 most visited countries. The country offers world-class infrastructure at a fraction of the cost of living in once great European countries.

Turkish citizenship by real estate investment

Türkiye's golden visa policy is another highlight to attract foreigners. Any foreign natural person who invests at least USD 250,000 in real estate in Turkey is eligible for Turkish citizenship. The value and recognition of a Turkish visa is well known around the world and no savvy investor would want to forgo such benefits. You can read more about Turkish citizenship here.

Attractive Exchange Rate

The Turkish Lira currently offers the best exchange rates with most global currencies. This means you can get your dream property at the best price and market price you can imagine.

Diverse and attractive options

Turkish real estate is expansive and immersive. From beachfront villas to quiet and peaceful four-bedroom luxury apartments, you'll have a variety of options when it comes to Turkish real estate.

Affordable and budget-friendly

Property prices in Turkey are attractive compared to other European countries. No wonder the country sold 45,483 residential properties to foreigners in 2019 alone.

Simplify the process

Also, buying and owning property in Turkey is uncomplicated compared to most other European countries. So Turkey may overwhelm you with the reasons why you should invest in its real estate. Would you like to read more about buying property in Turkey?

Site selection decisions in Türkiye

However, Turkey is a vast country with many attractive places that are developed in terms of real estate, infrastructure, business opportunities and their own way of life.

Therefore, there will be an inherent confusion here: which city in Turkey is the most suitable for buying a house?

This will become clear as you go on. Here is a comparison of the six best places to buy property in Turkey to help you decide.

Popular Places in Türkiye

Expert analysis and market trends recommend the following six top locations for real estate investment in Turkey:

• Istanbul
• Kusadasi
• Bodrum
• Antalya
• Alanya
• Bursa

Istanbul

The mere mention of Türkiye might be an appropriate name for Istanbul. Although the city of Istanbul is not the capital of the country, it is always in the spotlight.

Why? The reason is obvious.

The city is the largest in the country and has the largest proportion of the working class in its heartland. In addition, Istanbul is Türkiye's commercial center and major tourist destination.

Istanbul is well connected, and more than 55 countries around the world are only 4 hours away from Istanbul. Apart from that, there is the new third international airport, a huge attraction of the country and the city of Istanbul, making traveling more comfortable.

Istanbul is the main seaport of Türkiye. The amazing view of the Sea of ​​Marmara is breathtaking. The promenade is always full of life, providing the most vivid experience for those who dream of owning a luxury beach house.

The culture of Istanbul has its charms. Byzantine royalty and modern splendor give Istanbul its unmistakable beauty. This is a city that instantly makes any foreigner feel at home. Furthermore, the hospitality of the people of Istanbul is world-renowned.

Istanbul is competing to be among the top 5 cities in the world. The country's economic policy for 2023 includes all the major attractive options that won't make Istanbul the most desirable city anytime soon.

Another major attraction of Istanbul is its affordability compared to its global counterparts. For example, London is 677% to 862% more expensive per square meter than Istanbul, according to Numbeo.

Istanbul is the top Turkish city for those who love nightlife and modern conveniences. Places like Kucukcekmece and Beylikduzu are full of nightlife while offering the safest places to live. It's also worth noting that Turkey is one of the few countries where foreigners can live safely.

With the highest percentage of working population, attracting millions of tourists every year, and a center of business and education, properties in Istanbul guarantee rental income regardless of property type. In addition, the liquidity potential of the property is guaranteed and is actively growing every year.
You will be able to find a wide range of properties ranging from homes in Istanbul to commercial shops for sale which are more suitable for real estate investors.

Bursa

Bursa is second only to Istanbul in terms of economic growth and wealthy population. The number of property sales in the city to foreigners has been a trend, especially in the mansion and villa areas.

For those who love the elite lifestyle, Bursa trumps all other places in Turkey. Another big attraction of Bursa is its accessibility. Ferry, plane or road - enjoy your trip to Bursa, the choice is yours. Considering its geographical location and culture, Bursa has always been the first choice for Arabic culture.

If you are looking for real estate investment in Turkey to earn rental income, Bursa will not disappoint you. There are also many international tourist destinations near Bursa. Fethiye, Bodrum and Antalya are all easily accessible from Bursa.

Located on Uludag Mountain, Bursa is one of the most famous ski resorts in Turkey, attracting millions of tourists every year. The seascapes and beaches of Mudanya and Yalova are other attractions. The spas and resorts here are very popular with Turkish tourists.

Kusadasi

Kusadasi is famous for its tourist attractions. No trip to Turkey is complete without a visit to Kusadasi. Kusadasi is connected to Istanbul via Izmir Airport with a flight time of 55 minutes. This Turkish coastal city on the Aegean Sea has caught the attention of global investors for several reasons.

Property prices in Kusadasi are low compared to other regions. The area offers homebuyers a wide variety of homes and properties, from affordable condominiums to luxury condominiums.

Kusadasi's nightlife outshines all other western counterparts. Whether it's a romantic late night date or a safe evening on the beach with friends, Kusadasi nightlife has a lot to offer. With hearty food and excursions, foreigners will never feel like they're missing something when they're in a foreign country.

Kusadasi properties are known for their luxurious facilities. Whether you dream of a villa with a private pool and well-tended garden, or a quiet and spacious multi-level residence, you can easily find a property in Kusadasi. And the prices are relatively low compared to other top cities in the world.

Kusadasi alone has wonderful views and atmosphere. It has two of the largest theme parks in Türkiye. The view of the beach with its white sand is breathtaking. With great potential for travel and tourism, properties in Kusadasi are also expected to provide steady income in the form of holiday homes.

Bodrum

Turkey is characterized by a perfect blend of modern and traditional architectural styles. When it comes to real estate in Turkey, Bodrum offers the best in architecture. Many ongoing projects in Bodrum are incorporating traditional architectural styles into their buildings. And this mix of modern and contemporary architectural styles is now the latest darling of foreign buyers.

Bodrum offers a comfortable lifestyle in every way. Whether it's a weekly market, excellent transport links, and numerous shopping and sightseeing opportunities, Bodrum offers a full range of hassle-free services for its citizens.

The peninsula is also a tourist center. Bodrum is famous for its sailing and yachting area, as well as its amazing resorts. In addition, Bodrum already has a large number of foreign owners. The language and culture of Bodrum is soothing and all the locals here speak good English.

Antalya

It is not new for foreigners to prefer Antalya as their dream home. Interestingly, for 60 years, this place has been the most desirable place for foreigners.
When the Turkish government opened the doors for foreigners to invest in real estate, it was Antalya that saw the first surge in demand for luxury real estate.

Antalya alone is a busy city. It also has different locations, offering different styles of ambiance.

Antalya has a pleasant climate with almost 300 or more days of sunshine every year. Antalya has two airports and is well connected with other cities. Antalya is the best place for those who want a calm and relaxing lifestyle.

Alanya

Alanya ranks second, after Istanbul, which is known for its diverse population. The location is a perfect example of a multicultural club. Yes, this site is currently a warm home for people from more than 80 countries!

Alanya attracts real estate investors in several ways. Best of all, it's affordable. Second, the cleanliness and ambience of the location is worth experiencing.

This seaside town has a pleasant climate. No wonder people from all over the world feel at home in this area.

Another key secret that attracts foreigners and expatriates to invest in its properties is its affordable and pocket-friendly lifestyle. Alanya offers a global living experience at a great price that any other western or European city needs.

Final Thoughts

Investing in overseas real estate requires careful consideration in many aspects. Because we are often in a foreign country, we invest with great expectations, and we also care about the interests of future generations. Therefore, the choice of location and housing type should be carefully considered.

Türkiye can be a paradise for foreign real estate investors. With a positive growth market and hopeful forecasts, the country is attracting investors like never before. However, before making any major decisions, it is always recommended that you seek professional advice and legal advice from a real estate specialist to ensure that the outcome is always satisfactory.