Ankara's Property Market: A Comprehensive Analysis
Ankara’s property market is unique as it is stable and vibrant at the same time. It is stable in terms of development, expansion, and value gain. But it is also vibrant in terms of property diversity, projects, and price increases.
In this blog, we are going to have an in-depth look at Ankara real estate market overview.
Ankara - Political and Administrative Heart of Turkey
Ankara is the capital city of Turkey. It not only sits in the center of Turkey but also plays a central role in many fields across the country. The city also has a high population density. Ankara is home to more than 5.5 million people.
Certainly, Ankara's significance extends far beyond its location as the central point of Turkey. Ankara is the country's political and administrative hub. The city plays a pivotal role in the governance and decision-making processes of the nation.
This is exemplified by the presence of the Turkish Parliament. Additionally, the official residence of the President of Turkey, the Çankaya Presidential Mansion, is situated in Ankara. These institutions underscore the city's crucial role in shaping Turkey's policies and direction.
Ankara is not only a symbol of political power but also a beacon of cultural heritage and historical significance. The city has a really long history that goes back thousands of years. And it's got cool places from the past, like the ancient Roman Temple of Augustus and the Hacı Bayram Mosque. They showcase the city's cosmopolitan and multi-faith heritage.
When you visit Ankara, you'll see a mix of old and new things. There are tall, modern buildings along with really old and special places. It's a great place for people who love history and love to explore cities.
Furthermore, Ankara is home to some of the most prestigious educational institutions in Turkey. Middle East Technical University (METU) and Ankara University are in Ankara. These universities attract students and researchers from all over the world, contributing to the city's vibrant and diverse academic environment.
Ankara is also a hub for various economic activities. It hosts numerous governmental agencies, foreign embassies, and international organizations, fostering a climate conducive to business and diplomacy. This mix of people and activities makes Ankara a diverse and important city where different cultures meet. Also, where people work together from around the world.
Real Estate Market in Ankara: Trends, Insights, and Opportunities
The capital city of Ankara offers huge potential in each investment field. But, the real estate market is highly preferred in the city. The main reason behind it is high yields, solid investment solutions, and a vibrant market atmosphere.
Ankara property prices increased enormously in the past year. The price per sqm is around 15,000 TL in Ankara in October 2023. At the beginning of 2022, it was 3,300 TL. According to the experts, the real estate prices in Ankara are expected to drop slightly but then increase again.
It is important to understand the market dynamics of the location. To speak about Ankara, being a capital city should not be missed. Ankara is politically and administratively the most important city in Turkey.
So, the investment will be more stable in Ankara. While the Ankara property trends may vary and differ, the solidity and income of the investment will be higher. It means investment potential in Ankara will generally be higher than in the other cities.
Best Districts in Ankara for 2023 Real Estate Market
There are many districts that are home to the best neighborhoods in Ankara. Now let’s have a look at the best districts in Ankara to invest in real estate in 2023.
Çankaya is a prestigious and highly desirable district in Ankara. It's known for hosting numerous foreign embassies, government offices, and diplomatic missions. These places make it an area favored by diplomats and professionals.
The district offers a diverse range of real estate options, including luxury apartments, spacious villas, and detached houses. Residents of Çankaya benefit from excellent amenities such as top-tier schools, healthcare facilities, parks, and a vibrant cultural scene.
Its central location provides easy access to the city's business and entertainment hubs. With this, it is becoming a prime choice for those seeking a high-quality living experience.
It is one of Ankara's largest districts. It is known for its diverse affordable housing in Ankara options.
This place is awesome because it has something for everyone. It does not matter what you like or how much money you have. It's right in the middle of the action and near all the things you need. So, it's a great pick if you want to live in a city with lots of cool stuff.
Etimesgut is a nice place in Ankara where you can find homes that don't cost as much. Also, it's still easy to get to the city center. You can pick from different kinds of homes there, like apartments and housing complexes.
Etimesgut is a great place if you're buying your first home or have a tight budget. It's not too expensive. Plus, there are buses and trains that make it easy to move around the area. Also, it's close to major roads, so you can easily reach different parts of Ankara.
For those seeking cost-effective living with urban convenience, Etimesgut presents a compelling option.
Gölbaşı is a district located to the south of the city center, known for its mix of urban and rural living. It's a popular choice for those who seek a more relaxed lifestyle while still having easy access to the city's amenities.
In Gölbaşı, you can find all sorts of homes, from classic Turkish-style houses to modern apartments. People who enjoy a peaceful suburban lifestyle with pretty nature, parks, and the nearby Gölbaşı Lake, choose to live in this district.
Mamak is a diverse district with various housing options. It's known for its proximity to Başkent University and Hacettepe University, making it an attractive choice for students and academics. In short, great starting point for looking for property for sale in Ankara Turkey.
Mamak has a little bit of everything - places to live and places to shop or work. You can find apartments, homes for students, and houses that don't cost too much. Many different people live here, and it's easy to get to schools, buses, and places to shop.
Çayyolu is a popular residential neighborhood in Çankaya, Ankara. It is especially favored by families and those seeking a tranquil living environment. The district is known for its leafy streets, parks, and quality schools, making it an excellent choice for residents with children.
Housing options in Çayyolu include modern apartments, townhouses, and spacious family homes. The area's serene atmosphere and access to green spaces provide a balanced lifestyle for its residents.
Why You Should Choose Ankara for Investment, Instead of Istanbul and Antalya?
You should choose Ankara to live or invest in the heart of Turkey. If you want to invest in Turkey but don't want the busy markets of Istanbul and Antalya, you should think about Ankara, the capital city. It could be the right place for your investment.
Political and Diplomatic Stability.
Since Ankara is where the country's government and administrative work happens, it's a really stable place. You can find government offices, embassies, and diplomatic missions all around the city, making it a safe and secure spot for investments.
Consistent Real Estate Market.
The real estate market in Ankara is not as competitive and surprising as the markets in Istanbul and Antalya. It's usually more stable and easier to understand. This makes it an attractive option for investors looking for reliability.
Ankara's economy isn't just about government work; it also includes successful industries like defense, aerospace, and education. This variety gives investors the chance to look into different kinds of businesses.
Education and Research Hub.
The city is home to several prestigious universities and research institutions. Ankara is an attractive destination for investments in academy and research-related ventures.
Urban Development and Infrastructure.
Lately, Ankara has seen big changes with new buildings and better infrastructure. These upgrades create opportunities for investing in real estate and city projects.
Ankara is right in the middle of Turkey, which is great for logistics. You can easily get to places in Turkey and even to other countries from here. This can be an important factor to think about for your real estate investment plans.
Affordable Real Estate.
When you look at property prices, Ankara is usually cheaper than Istanbul and Antalya, where prices can be really high. So, if you want to invest in real estate without spending too much, Ankara is a good place to consider.
In conclusion, Ankara property investment is a logical option. Investment opportunities in Ankara are diverse thanks to the developed market in the city. For example, buying a property and renting in Ankara. It is really easy with the Ankara property management services.
In addition to being easy, it also offers high rental income for short-term rentals. You may also find perfect luxury real estate in Ankara for your own life. With this, you may get your dream home in the capital of Turkey.
It is strongly recommended to work with a professional real estate agency. The professional team of TEKCE ensures a smooth and easy Ankara property buying process. You may get the best tips from TEKCE’s real estate agents in Ankara. You may also get in-depth information on the Ankara property market forecast.