Best Cities in Turkey for Living and Investing

Türkiye is a popular destination for buying real estate. The country attracts investors with its geographic location, climate, culture and economic growth.

In recent years, the demand for Turkish real estate has been growing, making it an attractive investment option. When choosing a city to live in or invest in, it is important to consider your goals and preferences. We have prepared a guide to the best cities in Turkey for living and investing.

Istanbul differs from other cities in Turkey in many ways. Its climate is moderately continental, with hot summers and moderately cold winters. The infrastructure is developed at the highest level: an excellent transport network, including metro, trams, buses and ferries, high-speed railways. Istanbul's tourist appeal is undeniable: historical sites, world-class museums, rich culture and cuisine attract millions of tourists every year.

The cost of real estate in Istanbul is significantly higher than in other cities, especially in central areas and areas overlooking the Bosphorus. However, investing in Istanbul provides a stable income due to the constant demand for rent and the potential for price growth.

Pros of Istanbul:

— Developed infrastructure;

— Many business opportunities;

— A large number of attractions.

Cons of Istanbul:

— High cost of living;

— Traffic jams.

The average price per square meter when buying an apartment is $1,881 (as of 2024).

How to obtain Turkish citizenship through the purchase of real estate in 2023?

You need to buy real estate for at least $400,000 - we are talking about the cadastral value of the property!

You can buy residential, commercial real estate or a plot of land. After three years, the investor has the right to sell the property.

Antalya offers a mild Mediterranean climate with hot, sunny summers and warm winters. The infrastructure is well developed, especially in the tourist areas, but does not reach the scale of Istanbul.

• The average price per square meter when buying an apartment is $925 (as of 2024).

Antalya's tourist appeal is based on its beautiful beaches, beautiful nature and developed tourism industry. The cost of real estate in Antalya is significantly lower than in Istanbul, which makes it attractive to investors with a smaller budget. However, the seasonality of tourism can affect rental income.

Alanya, located on the southern coast of Turkey, offers an even warmer climate than Antalya. The infrastructure is developed mainly in the tourist area. Alanya attracts tourists with its beaches, affordable prices and a calm atmosphere. The cost of real estate here is one of the lowest among the cities under consideration, which makes it attractive for budget investments.

• The average price per square meter when buying an apartment is $ 912 (as of 2024).
• However, the real estate market in Alanya may be less stable than in Istanbul or Antalya.

Alanya offers beautiful landscapes, a warm sea and developed infrastructure. Here you can buy both apartments and houses with a sea view.

Pros:

— Warm sea;

— Beautiful nature;

— Developed tourism.

Cons:

— There can be a lot of tourists during the season.

Bodrum with its exquisite recreation and beautiful nature. The climate here is Mediterranean, with hot summers and mild winters. The infrastructure is highly developed, mainly in the port area.

Bodrum attracts wealthy tourists, and the cost of real estate here is comparable to some areas of Istanbul, but still lower than in the very center of the metropolis.

• The average price per square meter when buying an apartment is $ 2,570 (as of 2024).

Investments in Bodrum can bring high profits, but require more capital.

Izmir is a balance between a metropolis and a resort town. The climate here is Mediterranean, moderately warm. The infrastructure is well developed, the city is an important economic center of Turkey.

Izmir's tourist appeal is not as high as that of cities on the Mediterranean coast, but the city offers good opportunities for investment in commercial real estate.

• The average price per square meter when buying an apartment is $992 (as of 2024).

The cost of real estate in Izmir occupies an intermediate position between Alanya and Istanbul.

Are you considering Turkey as a permanent residence or as a profitable investment? Contact us and we will promptly select investment-attractive apartments in Turkey for your budget: both for personal use and for rent, and show specific calculations of profitability for them!