Housing in Turkey: Which areas are chosen by businessmen and investors
Turkey attracts entrepreneurs and wealthy people not only with a pleasant climate and living conditions, but also with stability and loyal immigration programs. In particular, through the purchase of real estate in the country. Find out in more detail which regions of Turkey are chosen by businessmen and investors
A stable economy, a comfortable legal system, loyal immigration programs and the opportunity to obtain citizenship or a permanent residence permit when buying real estate attract more and more entrepreneurs and wealthy foreigners to Turkey every year.
When buying real estate, large investors prefer prestigious areas of Türkiye, where the country's elite prefer to live.
Which regions of Turkey are chosen by businessmen and investors?
Most often, foreigners buy real estate in areas that are recognized as the best for investment. The profitability of objects in 2022 here reached 200%. The list includes megacities and large cities of the country: Istanbul, Bursa, Antalya, Izmir, Alanya, Bodrum, Kusadasi, etc. Also, for moving to a permanent place of residence, foreigners choose more comfortable provinces - Northern Cyprus and the Prince's Islands.
Most of Turkey's elite buy housing in Bebek, Vanikoy, Kandilla, Beylerbay, Enikeya, Kuzguncuk, as well as houses in the Anatolian Fortress.
The cost of villas and residences in the elite regions of Turkey reaches several hundred million dollars.
The vast majority of the most expensive areas of Türkiye are located on the first coastline:
- in Istanbul, these are the neighborhoods next to the Bosphorus: Sarier, Besiktas, Kadikey, Bakirkey, Beykoz, Sisli, Adalar;
- Izmir - Cesme district;
- Mugla - Bodrum;
- Antalya - Kas.
Want to learn more about investing in real estate in Turkey? Follow this link.
The most expensive privately owned mansions in Türkiye
The most expensive houses that have survived from the time of the Ottoman Empire and are in private ownership:
- Muhsinzadeh Mansion (Turkey's Grand Hotel Les Ottomans), built in the 19th century, is valued at $155 million.
- Fethi Ahmet Pasha's mansion in Kuzguncuk, estimated value of $150 million.
- The Tophane Mushiri Zeki Pasha mansion in the Rumeli district of Hisara, built by architect Alexander Vallory in the 19th century. Estimated at 100 million US dollars.
- Tahsin Bey's mansion in Yenikei in 1940 was created from two separate mansions, its length is 80 meters. Estimated cost is $115 million.
- Hasip Pasha's mansion in Berlibeyia, dating back to the 18th century, is considered one of the most beautiful buildings on the Bosphorus, worth about 160 million US dollars.
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