Prime Turkish Destinations for Real Estate Investment

Turkey stood out in real estate investment by foreign investors for several years. These investors looking for retirement houses sometimes, and some of these are interested in long-term investments.

People interested in where is the best place to buy real estate in Turkey. In the first quarter of 2024, foreigners prefer three cities İstanbul, Antalya, and Mersin to buy property. When it comes to investment, the best place is changed to purpose and preferences.

We list the top locations to buy property in Turkey according to the latest trends. Keep reading.

Where to Buy Property in Turkey: Top Picks

Here are cities where foreign investors decide to buy property in Turkey.

İstanbul

As the largest city in Turkey, İstanbul is the unofficial capital. Foreign investors are buying real estate in İstanbul for several reasons. The city offers a rich cultural heritage and a vibrant lifestyle. İstanbul's strategic location between Europe and Asia makes it a prime business hub. The city also has high-quality educational institutions, a port, and Europe's largest airport.

Due to the population density in the city, there are many apartments for rent. In addition, the number of commercial units is also quite high depending on the need. The Turkish government offers incentives like citizenship through investment.

• Highlights: Beylikdüzü, Başakşehir, and Esenyurt are commonly preferred by foreigners to buy property in Turkey. Those areas stand out with their diverse communities, affordable housing, grand living projects, and transportation options.

Antalya

Antalya will be preferred not only in 2024 but also for a long time when buying property in Turkey. The city boasts a beautiful Mediterranean coastline and a sunny climate year-round. Antalya's popular tourist districts, such as Alanya, Kemer, and Kaş, offer stunning beaches and vibrant local cultures. These areas ensure a strong rental market due to high tourist demand. Also, a diverse community, the city's modern infrastructure, amenities, and international schools make it an attractive place to live.

• Highlights: When mentioning buying real estate in Antalya some of the areas that step out. One of them Alanya still favours foreign investors. Known as the city center Muratpaşa offers a range of properties from seaside flats to centrally located apartments. There are many rental apartments available, especially in central locations, and they are satisfactory in terms of rental income.
• In recent years Altıntaş preferred by investors with quality developments and an advantageous location close to the beach and airport. A world-recognized Belek is famous for luxury villas, and holiday concept apartments.
• Famous holiday center Kemer stands out with natural surroundings and eye-catching beaches so it is ideal for homeowners for holiday homes. Kaş and Kalkan get interest from northern European foreigners for retirement addresses with developed communities and the blue sea. These areas away from the city center stand out with their villas and bungalows used for short and long-term rentals.

Mersin

Compared to other coastal cities in Turkey, Mersin offers more affordable property prices, making it attractive for locals and foreigners. With its rental income and return on real estate investment, Mersin has made investors smile in recent years. As a port and coastal city, rental apartments are common and the need for commercial units is increasing day by day.

The city is also advantageous in terms of transportation with its new airport and developed road connections. As a result, Mersin stands out as an example of the best place to buy real estate in Turkey, with its booming real estate market, affordable prices, and excellent amenities.

• Highlights: The city has magnificent seashore areas for investment. It counts Mezitli, Erdemli, Tarsus, Silifke. And more especially off-plan properties offer impressively lower prices and installment opportunities under the launch era.

Ankara

The capital city of Turkey, Ankara offers numerous opportunities for employment, education, and more. As the political and administrative center, it hosts many government institutions and foreign embassies. Ankara's well-developed infrastructure, including the high-speed train, international schools, and well healthcare centers contributes to its high standard of living. Additionally, the city's growing economy and steady real estate market make it a favorable place for investment.

• Highlights: In Ankara, Çankaya, one of the most prestigious districts known for its central location, quality educational institutions, and embassies is the foreign investors' one of the favors. Other hand, Gölbaşı stands out with its brand-new properties.

Muğla

Muğla is among the routes for foreign investors where to buy property in Turkey. The region's Mediterranean climate offers warm summers and mild winters, making it a desirable place to live year-round. Additionally, the area is known for its vibrant social life, with numerous restaurants, cafes, and leisure activities. The growing tourism industry and the potential for rental income with detached villas also make it an attractive investment opportunity. In this area, you can find villas that cater to a quiet lifestyle and have exclusive facilities such as their own private pier.

• Highlights: Muğla is home to Bodrum and Fethiye, two of the Turkish Riviera's favorites. These two world-famous vacation destinations are known for their spectacular beaches, natural bays, and rich amenities. Many people from different nationalities live in these regions with foreign investors increasing day by day.
• Another region that has come to the fore in Muğla in recent years is Seydikemer, which offers a Mediterranean lifestyle suitable for detached living intertwined with calm nature and the sea.

İzmir

İzmir is a unique blend of modern urban life and coastal experience and is the 3rd largest city in Turkey. The city is a major economic hub with a strong job market, excellent educational institutions, and well-developed infrastructure. Additionally, its strategic location with easy access to other parts of Turkey and the Aegean region like the Greek Islands enhances its attractiveness.

The growing real estate market in Izmir also presents good investment opportunities, making it a popular choice for buying property in Turkey for foreigners. With its well-developed harbor, tourism, and quality universities, the demand for rental apartments in the city is high. It is easy to find a wide range of apartments of different sizes. In addition, the quieter areas are suitable for detached living with villas.

• Highlights: With their advanced facilities, Alsancak, Karşıyaka, and Bornova are ideal for investors who want city life in İzmir. On the other hand, Bayraklı is known as the new business and commercial center of the city. Bayraklı features modern skyscrapers and office buildings.
• And of course, Çeşme, a popular tourist destination known for its beautiful beaches, offers luxurious villas and modern housing projects. It is ideal for those looking to buy a house in Turkey for a holiday home or a high-end investment.

Bursa

The city is the 4th largest in the country and has a robust economy, strong industrial base, and excellent educational institutions. The city is noted for its automobile factories and developed animal husbandry. In addition, Uludağ, a renowned ski center is located here.

The affordable real estate prices compared to other major Turkish cities further enhance its appeal. Due to its commercial potential, it is easy to find commercial units for sale. Also, there are apartment options with high rental income that can be easily rented in the city center. Overall, Bursa's combination of nature, history, modernity, and economic opportunities make it a desirable location for property buyers.

• Highlights: Known for its modern infrastructure and residential developments, Nilüfer offers a high quality of life with its parks, shopping centers, and educational institutions. It is a popular choice for families and professionals.
• On the other hand, with coastal beauty and a relaxed atmosphere, Mudanya offers a scenic living environment with views of the Sea of Marmara. It is a popular choice for those seeking a quieter lifestyle. In this region, you can easily find villas offering spacious living spaces in greenery.

Yalova

The city is famous for its thermal springs, spas natural surroundings, and proximity to major cities like İstanbul and Bursa. It has easy access to major urban centers and a peaceful lifestyle. So Yalova's advantages provide key factors that draw people to invest in real estate there. One of the things to know about the city is that rental apartments are often preferred in the coastal areas, while permanent residence is common as you move away from the coast.

• Highlights: Yalova has affordable property prices compared to nearby metropolitan areas. Çınarcık, a coastal town that provides beautiful sea views is a desirable location for those looking for a tranquil seaside living environment. It is suitable for primary residences and vacation homes.
• Known for its famous thermal springs and spas, Termal offers a unique living experience with access to health and wellness facilities.

Trabzon

One of the best places in Turkey to buy property is Trabzon. The city is famous for stunning natural scenery, including lush green hills and picturesque Black Sea coastline. Within the untouched natural scenes, cool rainy climate, and relatively affordable property prices, it has been popular among foreign investors for a while now.

• Highlights: Within the mix of traditional and modern living Ortahisar is a vibrant area with cultural landmarks and local amenities. Yomra, a coastal area known for its scenic beauty and developing infrastructure is becoming increasingly popular for its investment potential and tranquil environment.

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