The abundance of options, which range from major cities to little towns, may overwhelm first-time purchasers eager to learn where to buy property in Turkey. Turkey is a large country that stretches over seven geographical areas and 81 provinces from east to west. Before delving into the locations where to invest in Turkey, it is important to note that Istanbul, the Aegean coast, and the Mediterranean coast rank first on the list.
Due to the conservative nature of the landlocked region and lack of infrastructure for the sun, sea, and sand tourist industry—which also draws in owners of vacation homes and those wishing to make Turkey their permanent home—foreign purchasers hardly venture east. So let’s examine the information you need and the places where to invest in Turkey.
Turkey’s Statistics on Foreign Property Purchasers
67,490 homes were sold to foreigners in 2022, according to Turk Stat, Turkey’s official statistical agency. This represented 4.5% of sales and a 15.2% annual growth. Istanbul, Antalya, and Mersin provinces were among the top choices for foreign buyers of real estate in Turkey.
Russians, Iranians, Iraqis, Germans, Americans, and British were among the nationalities of the overseas customers. North Turkey, specifically Bursa, Yalova, and Trabzon, is where the majority of customers from the Middle East go. While those of other ethnicities and Europeans purchase real estate along the southwest shore.
Locations Where to Buy Property in Turkey
Bellow there are the best locations where to invest in Turkey:
Let’s discuss them in detail.
If the majority of Yalikavak’s houses are beyond your means, consider other areas of the Bodrum peninsula, which are ideal for laid-back lives and within an hour’s drive from the airport. Due to its proximity to the Aegean Sea, the peninsula is a popular destination for travellers from Turkey and other countries, making it a great spot to invest in real estate in Turkey Bodrum.
Luxurious living is encouraged in Kalkan. The result is rising house prices. While some real estate ads feature luxury villas, flats are also available for purchase. Occasionally, award-winning residences with cutting-edge home design and technology were created by hiring well-known architects to create homes with breathtaking views of the Mediterranean Sea.
The only thing to be aware of regarding Kalkan is that, although it is divided into six districts, the majority of the town is mountainous. While looking, keep in mind that public transit is a frequent option if you don’t want to buy a car.
For those interested in real estate at the eastern edge of the Mediterranean, Alanya also has affordable pricing for flats near the beach. Particularly for first-time purchasers, potential buyers will find the pricing very appealing. Many nationalities, notably Russians, East Europeans, and British, are drawn to the tourist town as vacationers and expats.
Everyone enjoys the abundance of activities, dining options, and retail stores. Over the past 10 years, Alanya has truly advanced rapidly. The significant amount of infrastructure investment is backed by the aggressive promotion of tourism abroad by the local government.
Despite being a metropolis, this neighbourhood is very picturesque and has two sizable beach communities: Konyaalti and Lara. Don’t let that deter you. Since you are the hub, everything is conveniently located at your fingertips. This includes easy access to the airport, which is the second busiest in Turkey and has a full schedule of year-round flights.
Which city is best for investment property in Turkey? The focal point and beating heart of Turkish real estate, drawing in international investors of all stripes, is Istanbul, the country’s largest metropolis. Throughout the past 20 years, several infrastructural developments and large-scale construction projects on Istanbul’s outskirts have modernized city living. The neighbourhood’s culture, which emphasizes contemporary living and architectural trends, is centred on on-site services and facilities including stores, gyms, swimming pools, and green spaces. Of course, there are also exciting nightlife scenes.