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Where is the best place to buy property in Turkey?

Written by Fiona

January 11 2021

If you are thinking of buying a property in Turkey, you will be spoilt for choice. The 36th largest country in the world, Turkey has a diverse landscapes, climate and infrastructure. You can opt for a seaside villa, a cozy apartment in an historical neighbourhood, a brand new penthouse or a renovated cottage. There are also properties to suit a range of budgets. all tastes and budgets.

Here you will find brief characteristics of those regions that are especially popular among foreign investors.

Istanbul

Even though the capital of Turkey is Ankara, its main economic, financial, educational and touristic hub is Istanbul. Being the largest city in the country, it has not one but two passenger airports.

Most property buyers here are either locals or working expats. But foreigners who are planning to use their Istanbul house or apartment as a holiday or retirement destination will enjoy living here as well.

The city can boast of a developed infrastructure that involves endless shopping opportunities, gorgeous museums and concert halls, top-notch fitness centres and beauty salons, daytime and nighttime entertainment facilities and so on.

Istanbul is quickly evolving and many of its neighbourhoods are undergoing renovation right now. Experienced investors use this opportunity to buy premises that will soon grow in price.

Antalya

This seaside resort is located on the Mediterranean coast and has an airport. After Istanbul, it is the second most popular tourist destination in the country.

The demand for property here is always strong, yet the prices are surprisingly affordable. In the city centre, you will discover all the typical urban infrastructure. In the smaller coastal resorts, there are numerous expat communities from diverse Western countries.

Alanya is extremely popular among investors who buy apartments and houses for seasonal rent. If you like golf, consider purchasing a house in Belek as this is the best place in Turkey to practice this sport.

If you prefer historical sightseeing, opt for Side. The Konyaalti neighbourhood as well as Lara beach also enjoy increasing popularity among foreigners.

Alanya

Technically, this resort belongs to the Antalya region, yet it has its unique character. Foreign property buyers are interested first and foremost in Mahmutlar beach district. Each year, Alanya becomes a bit more modern and sophisticated.

Bodrum

This high-end resort is located in the Aegean region and has an airport. Here, you will meet a lot of westernised Turks, as well as foreigners from all regions of the planet. Bodrum houses for sale attract well-heeled and discerning buyers. The Turgutreis and Yalikavak resorts have become thriving expat havens.

Kalkan

This one also belongs to the premium segment. Most properties here can boast of a sea view, but the land is limited and it is technically impossible to build many new houses here. Kalkan is famous predominantly for its villas but not apartments.

Bursa

This is a city but not a seaside resort. It is located in the northwestern part of the country. So far, it has been popular mainly among Middle Eastern investors. They move here because of obvious similarities in history, culture and food.

However, Bursa is likely to turn into a cosmopolitan hub in the next few years since in 2014 it was added to the UNESCO site list. Besides, more and more foreign and domestic tourists come here each year to ski on the slopes of the Uludag mountain.

Yalova

If you aim to cut down costs, consider purchasing a property in Yalova. This thermal resort is situated 34 miles away from Bursa, by the Sea of Marmara. The local real estate market is just starting to reinvent itself, so you will be able to enjoy a rather relaxed lifestyle here. Nevertheless, the hustle and bustle of Istanbul is just an hour away.

Trabzon

The name of this Black Sea resort immediately rings a bell with football fans. Yet investors buy properties here not for the sake of support, instead it is the unspoiled nature that lures them.

This conservative city is located at the foothills of the Kackar mountain range. Its guests and residents can visit the stunning Ayder plateau and Uzungol lake in the vicinity.

Dalyan

This city on the southwestern coast also attracts nature lovers. In Akkaya, buyers appreciate properties with lake views.

Tourists come here to take mud baths and visit the Lycian rock tombs. Dalyan has an airport and is well-connected to other regions of the country thanks to bus service.

Fethiye

If you drive from Dalyan, you will reach this coastal city in approximately an hour. It is located on the Turkish Riviera, also known as the Turquoise Coast. Its most prominent landmark is the Blue Lagoon.

In recent years, large funds have been invested in the local housing and infrastructure, so the Riviera is rapidly turning into a new gem of Turkish tourism. The vibrant city centre is surrounded by multiple smaller resorts: Oludeniz, Ovacik, Hisaronu and Calis. In Uzumlu, you will be able to savour a traditional village charm.

Didim

This small town on the Aegean coast is famous for its ancient Temple of Apollo. So far, most local foreign investors and holidaymakers come from the UK.

The infrastructure still leaves much to be desired, but there is a lot of land for future developments, so the level of comfort is highly likely to grow in the future, as well as the prices.

Conclusion

No matter which region you choose, you can be sure that buying a property in Turkey will be a smart investment. Experts state that the local real estate market is still in its infancy.

Given that the national economy is strong and stable, this means the prices of housing are likely to increase in the perspective.

If you are planning to rent out or resell the premise, you will be able to make a nice profit on it. If you want to relocate to Turkey or stay in your property on holiday a few months per year, you will definitely enjoy the local lifestyle.

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