6 Best Places to Buy Property in Turkey

Travel, 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 is now the new normal.

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

Investors are always looking for a diversified portfolio; investing in real estate facilitates this well. Investing in foreign real estate often helps reduce taxes.
The 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 country-specific downturn or upswing.

Investing in foreign real estate can generate rental income and provide a solid property for future generations.

Countries of choice for foreign real estate investment.

Many countries have now eased restrictions on foreign investment in real estate. This is a very popular trend for avid investors.

Here comes the question: in which country should you invest your hard-earned money?

While the answer may not be that simple, several factors must be considered before making a final decision.

• Country's economic growth
• Why you want to invest abroad
• Estimated future value of the property
• The benefits you get from investing in the country
• Exchange rate
• Potential for land to offer attractive returns
• Your affordability and budget
• The type of property you are looking for

Invest in Real Estate in Turkey

Turkey 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 along with various other advantages.

The country has developed so well in recent years in building technology, infrastructure, education and medical facilities. The ambience, culture, cuisine, growing urban population and employment opportunities all add to this coastal state.

One of the Top Countries for Real Estate Investment

According to a global report, Turkey ranks 14th among the best countries for real estate investment. It also scores highly in the global travel 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 the once-great European countries.

Get Turkish Citizenship by Real Estate Investment

Turkey's golden visa policy is also another highlight of attracting 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 the Turkish visa is well known around the world and no savvy investor would want to give up these 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.

Diverse and Attractive Options

Turkish real estate is vast and immersive. From beachfront villas to quiet and peaceful four-bedroom luxury apartments, you'll be spoilt for choice in 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.

Streamline the Process

Also, buying and owning property in Turkey is not that complicated compared to most other European countries. Therefore, Turkey may overwhelm you with reasons why you should invest in its real estate. Do you want to know more about buying property in Turkey?

 

Location Decision in Turkey

However, Turkey is a vast country with many attractive places in terms of real estate, infrastructure, business opportunities and its own way of life.
So there is an inherent confusion here: Which city in Turkey is the best place to buy a house?

This will become clear as you continue. Below is a comparison of six top locations to buy property in Turkey to help you decide.
Continue to learn more:

Popular Places in Turkey

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

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

Istanbul

The mere mention of Turkey is enough to hit the name of 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 addition, Istanbul is Turkey's business center and major tourist destination.

Istanbul is easily accessible, with more than 55 countries around the world just a 4-hour drive from Istanbul. In addition to this, there is the new Third International Airport, a large attraction in the country and the city of Istanbul, making travel more comfortable.

Istanbul is the main seaport of Turkey. The stunning view of the Sea of ​​Marmara is worth seeing. The promenade is always full of life, offering the liveliest experience for those dreaming of a luxury beach house.

The culture of Istanbul has its charms. Byzantine royalty and modern splendor give Istanbul an unparalleled beauty. The city can instantly make any foreigner feel at home. Furthermore, the hospitality of the people of Istanbul is world-renowned.

Istanbul is striving 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 sooner rather than later.

Another major attraction of Istanbul compared to other global peers is its affordability. For example, according to Numbeo, the price of a square meter in London is 677% to 862% higher than in Istanbul.

For those who love nightlife and modern conveniences, Istanbul ranks among the top cities in Turkey. Places like Kucukcekmece and Beylikduzu are full of nightlife while offering the safest places to live. It is also worth noting that Turkey is one of the few countries where foreigners can live safely.

With the highest percentage of the working population, attracting millions of tourists each year, as well as a commercial and educational center, a property in Istanbul can guarantee rental income regardless of the property type. In addition, the liquidity potential of real estate is guaranteed and shows positive growth every year.

You will be able to find a wide range of properties, including houses in Istanbul and commercial shops for sale more suitable for real estate investors.

Bursa

Bursa is second only to Istanbul in terms of economic growth and wealthy population. The number of properties being sold to foreigners in the city has been a trend, especially when it comes to luxury homes and villas.

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

If you are looking for real estate investment in Turkey for rental income, Bursa will never let you down. There are also many international tourist destinations near Bursa. Fethiye, Bodrum and Antalya are all easily accessible from Bursa.

Bursa, located on the Uludag Mountains, is one of the most famous ski resorts in Turkey, attracting millions of tourists every year. The sea view and the beaches of Mudanya and Yalova are other attractions. The spas and resorts here are hugely popular among Turkish tourists.

Kusadasi

Kusadasi is known 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 attracted the attention of global investors for many different reasons.
Real estate prices in Kusadasi are lower compared to other areas. This location offers home buyers all types of homes and properties, from affordable condos to luxury condos.

The nightlife in Kusadasi trumps all other western counterparts. Whether it's a romantic late night date or a safe evening at the beach with friends, Kusadasi's nightlife offers a variety of options. With sumptuous dining and excursions, expats will never feel like they are missing out when leaving their home country.

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

Kusadasi alone offers wonderful sights and atmosphere. It has two of the largest theme parks in Turkey. The view of the beach with its white sand is worth seeing. With great travel and tourism potential, a property in Kusadasi also promises a secure income in the form of a holiday home.

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 architectural styles. Many of the ongoing projects in Bodrum incorporate traditional architectural styles into their buildings. And this mix of modern and contemporary architectural styles is now the latest favorite among foreign buyers.

Bodrum offers a comfortable lifestyle in every essence. Whether it's a weekly market, well-connected transportation and numerous shopping and sightseeing opportunities, Bodrum offers its citizens a full range of hassle-free packages.

The peninsula is also a tourist center. Bodrum is known for its sailing and yachting areas and charming resorts. In addition, Bodrum already has a large number of foreign owners. The language and culture of Bodrum is heartwarming and all the locals here speak it very well.

Antalya

Foreigners love Antalya because Antalya is a dream place to settle, this is nothing new. Interestingly, this place has been the most coveted place for foreigners for the past 60 years.

Antalya saw its first surge in demand for luxury properties when the Turkish government opened the door for foreigners to invest in real estate.
Antalya alone is a busy city. It also has different locations offering different styles and atmospheres.

Antalya has a pleasant climate, with nearly 300 days or more of sunshine per year. With its two airports, Antalya is also closely connected to other cities. Antalya is the best place for those who want a peaceful and relaxing lifestyle.

Alanya

Alanya is second only to Istanbul, which is known for its diverse population. The location is a perfect example of a multicultural association. Yes, the site is currently home to people from over 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 the experience.

This seaside town has a pleasant climate. No wonder people from all countries feel at home in this region.

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

Final Thoughts

Investing in real estate abroad requires careful consideration of many aspects. Because we are often unfamiliar with this country, we invest with high hopes and at the same time for the sake of future generations. Therefore, careful consideration should be given when choosing the location and type of home.

Turkey can be a paradise for foreign real estate investors. With a positively growing market and promising forecasts, the country is attracting investors like never before. However, before making any major decision, it is always recommended that you seek professional and legal advice from a real estate expert to ensure that the outcome is always promising.