Owning real estate in Turkey is not only an attractive investment, but also an opportunity to ensure a comfortable future. The Turkish real estate market offers a variety of objects with a wide price range. We tell you what factors affect the cost of real estate in Turkey and which region is ideal for investment

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Turkey's growing economy and the combination of high demand and affordable prices make the Turkish real estate market unique in its kind and opens up new opportunities for investors from all over the world. Housing in Turkey is characterized by high liquidity, and can also become the basis for a stable income. 

The domestic real estate market is saturated with a variety of offers, which makes it attractive to both locals and foreign investors. What affects the pricing of real estate in Turkey, and how to choose the right area for investment - learn further in the article.

Location of the object 

The price of real estate in Turkey depends on a number of factors.

The location of the object plays a key role here, especially when it comes to the cost of land plots on which the property is being built or has already been built.  

For example, land plots on the coast are much more expensive than those that are far from the sea.

In developed cities, there are few available plots for development, which leads to an increase in the cost of land and, consequently, real estate.

Housing in new neighborhoods or near industrial areas is usually cheaper. The price may be higher if the property is located near historical sites and has a high tourist flow.

Most investors prefer to buy real estate in developed areas of Istanbul and Antalya.

In addition to the prestige of the location, such neighborhoods usually have well-developed infrastructure, a high level of security and access to various entertainment options. 

High real estate prices in such areas are compensated by the possibility of obtaining higher returns on rent or resale in the future. 

In addition, the stable growth of real estate prices in prestigious areas provides investors with confidence in preserving and increasing their capital in the long term.

Distance from the sea and view from the windows

Factors such as floor location and proximity to the sea also play an important role in the pricing of Turkish real estate. 

For example, penthouses are usually priced higher because of the attractive views from their upper floors, while apartments on lower floors may be inferior in this respect. 

However, for some buyers, getting a duplex with access to the garden may be more important than the view.

Proximity to the sea also plays an important role. 

Real estate in close proximity to the coastline is usually more expensive. 

Sometimes the infrastructure of complexes far from the coast can be more developed, which also affects the price of apartments. 

Infrastructure of the residential complex

Modern apartment complexes in Turkey usually have their own infrastructure, which adds to the value of the housing. 

The difference in price between apartments with minimal infrastructure and apartments in fully equipped complexes is obvious: the latter are usually more expensive due to the high level of comfort and services provided, such as swimming pool, spa center, fitness room, etc. 

Property type and area

The quality of construction and finishes plays an important role in the price of real estate in Turkey. 

Luxury residential complexes usually use high quality materials and provide heat and sound insulation to improve the comfort of the residents. 

Interior and exterior finishes, exclusive design and unique architecture also affect the price of the property. 

The area and functionality of the living space are also important: spacious apartments with a good layout are usually priced higher. 

For permanent residence, 2+1 or larger layouts are preferred, with Turkish citizens often opting for apartments with a large floor area, starting from 3+1, with a separate kitchen.

Stages of construction

The price of real estate in Turkey is formed taking into account the degree of readiness of the object. 

The lowest prices are usually offered at the initial stage of sales, when just beginning work on the preparation for the construction of the project. 

With increasing readiness of the residential complex prices for apartments gradually increase. 

Depending on the stage of construction, buyers can save:

- 30-40% when investing at the initial stage of construction 

- 15-25% at the stage when the object is 50% ready

- 0% after the commissioning of the residential complex, when prices reach their maximum.

Prestige of the neighborhood

Real estate in prestigious neighborhoods is more expensive than in the vicinity of industrial zones or in places far from historical sites. 

The highest housing prices are usually inherent in Turkey's major cities such as Istanbul, Antalya, Izmir and others. 

If we consider pricing for Turkish real estate on the example of Antalya, the city center is the most respectable and famous. 

There is high tourist traffic and crazy demand for real estate. 

Most international investors prefer to buy in Antalya apartments business class. 

Antalya is attractive due to its pleasant Mediterranean climate, beautiful beaches, diverse entertainment and favorable living conditions.

As a major tourist center, the city offers developed infrastructure and numerous attractions, providing the potential for rental yields and rising property values.

These are ideal conditions for a profitable investment in the resort housing sector. 

Favorable offers of apartments in the heart of Antalya:

ANTA HOME NEON:

- Business class complex on the main tourist street of the city.

- Apartments 2+1, view penthouses, area from 72 m².

- Cost from 130 000 €.

- Located just 3 minutes from the beaches and historical sights.

- Estimated payback on daily rentals - 9.8% per annum.

HASAN BEY RESIDENCE:

- Business class apartments starting from 53 m².

- Modern design: 1 bedroom, living room with kitchen, bathroom with toilet.

- Duplex 3+1 from 130 m².

- Investment from 145 000 €.

- Located in close proximity to the Mediterranean Sea and major attractions

- Estimated return on investment for daily rentals - 9.8% per annum.

HMG GOLD RESIDENCE:

- Comfort class apartments in the historical center of Antalya.

- The layout is 2+1 with balconies, 20 apartments in total.

- Area 72 m², price from 170 000 €.

- Unique location: just 3 minutes from the Mediterranean Sea.

- Estimated return on investment for daily rentals - 9.8% per annum.

These projects have been developed by a reliable international developer Antagroup, guaranteeing high quality construction. By investing in these offers, you not only provide yourself with reliable housing, but also open the door to profitable investments in Turkish real estate.

You can find more offers, current prices and competent advice on purchasing real estate from the developer AntaGroup by clicking here. 

Daria Rogova - Head of Insurance at Visit World

To move, travel or work safely in a new country, you will need travel insurance. You can apply for an extended policy on our website here.

Products from Visit World for a comfortable trip:

Checklist for obtaining a visa and necessary documents in Turkey;

Legal advice on immigration in Turkey;

Insurance for residence permit in Turkey.

More articles on the topic: 

Real estate in Turkey - is it still an attractive investment destination in 2024?

Tourist real estate: prospects and opportunities for investors.