Since
the recent boom in the real estate sector in Turkey, many have decided to
invest here. Some want to relocate, while others have made Turkey their all
time holiday destination.
When
buying property in Turkey, there are many things one must consider before
making a choice. These include things like budget, lifestyle, etc.
What’s
interesting about Turkey is that the real estate sector here has everything to
meet the diverse demands of all investors. If you are an investor interested in
buying property in Turkey but have trouble deciding where, we have you covered.
Today’s
blog will help you discover the 5 best cities to buy property in Turkey that
will offer high profitability.
Istanbul
When
talking about real estate in Turkey, we cannot overlook the value of Istanbul
and the diversity of its market. It is the number one destination that comes to
the mind of most foreigners that are thinking of investing in Turkey.
As
a result, Istanbul made the most real estate sales to foreign investors in
2020.
One
of the main reasons Istanbul has been the city with a record number of
investments by foreigners is the presence of an abundance of commercial and
residential properties. Whether it is domestic or foreign sales, Istanbul is
the market leader.
In
addition to having a vast real estate market, Istanbul also has a large number
of tourist attractions and also is a commercial center which makes it
attractive to foreign investors.
Istanbul
also hosts the highest number of foreigners, especially Europeans. This means
that no matter what type of property one invests in, there is a guaranteed
rental income.
The
recently opened Istanbul Airport and other advanced developments in Istanbul
and the presence of a variety of liberal and conservative neighborhoods make it
the best city to invest in for those looking to enjoy an urban lifestyle.
Antalya
Our
next pick is Antalya, with a significant real estate market that is second to
Istanbul in foreign investments and is popular among nationalities such as
Germans, Russians, and Iranians.
Its
fame as an international sea resort is why many come here to invest. Foreigners
initially come here as tourists looking for a relaxing holiday, but the lavish
properties coupled with the beach-side views make them want to explore the real
estate market here and buy properties in Antalya.
The
mild winters, highly developed transport system, hospitality and amazing
shopping locations make Antalya worth it for foreign expats to live here
throughout the year.
Antalya
has airports, luxury hotels, and holiday resorts, making it perfect for foreign
buyers to earn rental revenue here as the price of apartments has skyrocketed
in the last year.
Fethiye
Fethiye
is the third one on our list because of its flourishing tourism. The beauty of
its magnificent landscape and its warm weather has made it the most preferred destination
for the British (expats and investors). The real estate here is still
relatively low-priced. This, coupled with the eye-catching views Fethiye
serves, added to its popularity among investors.
With
unlimited tourist attractions, cruise rides, and sophisticated apartments and
villas, the Fethiye region promises a life full of luxury.
Districts such as Hisaronu and Ovacik have risen in popularity among foreign
investors because of the availability of modern real estate, quiet lifestyle
and spectacular views.
Ankara
Ankara
occupies a crucial position when it comes to politics since it is the capital
of Turkey. It also has the second largest population in Turkey.
Over
the years, many expats have settled in this bustling city because of its
nightlife and high living standards.
This
city has made it to our list of best cities to buy property in Turkey because
of its impressive real estate inventory. Both Turks and foreign buyers prefer
Ankara because of the high volume of properties.
It
has a wide selection of freshly built residential complexes and commercial
properties. Regardless of type, the properties here have excellent on-site
services and facilities.
Some
of the leading educational institutions and major companies are located here,
creating a demand for housing. This has made Ankara a fine choice for those who
are on the lookout to buy an apartment to earn rental income.
Trabzon
Trabzon
is our last pick. It is located in the northeast of Turkey, and here you get the
natural beauty of the Black Sea region. It truly is a heaven for nature-lovers
and those that look for adventure with its lush green mountains and natural
parks.
Trabzon
is also the best place to buy property for those who seek an escape from the
hectic city life and are in search of tranquility.
What
makes it even better is the fact that it offers a much more affordable
lifestyle. You don’t need a lot to enjoy the best of the best here.
Many
foreign families prefer Trabzon to buy a property and live in since it offers
safety and a lot of facilities for children.
In Trabzon, you can easily find residential properties equipped with playgrounds for children, gyms, swimming pools, etc. Many major companies, such as energy companies, are located here. Investing in Trabzon will quickly open up the most lucrative industrial and commercial business opportunities for foreigners.
Conclusion
Turkey
has become famous among foreign nationals since it offers many the lifestyles
of their dreams. We hope our blog on the 5 best cities to buy property in
Turkey helped you know more about these cities and their real estate
potential.
Whichever
city you choose to invest in will depend on your goal as an investor.
Ultimately, it would be best if you settled for a city that meets your
requirement and will give the best return.
Additionally,
you can now buy a property in Turkey that gives you the opportunity to become a
Turkish citizen via the Turkish Citizenship by Investment Program.
Foreigners buying property in Turkey for the first time can go through our detailed buyer guide to understand the process.
At The Guide Real Estate, we do our best to guide our clients, so they make the best decision.
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