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.
Read more about healthcare in Turkey for expats and foreigners, as well as health insurance and medical tourism here.
Read here how to make an appointment at a public clinic in Turkey.
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.
Recommended articles
2 min
TravelsVisa to Turkey in 2024: important details
Turkey is a popular tourist destination that attracts travelers from all over the world. Citizens of more than 100 countries can visit this country without a visa. Learn more about the requirements and types of visas needed to travel to Turkey
06 lip. 2024
More details2 min
InvestmentObtaining citizenship of the country for participation in the state investment and migration program is called a "golden passport". Find out what the conditions are for obtaining a "golden" passport in Turkey and whether it is true that this country has one of cheapest citizenship by investment
30 gru. 2022
More details1 min
InvestmentReal Estate sales in Turkey in 2022: analytics and statistical indicators
The real estate market of Turkey during 2022 was actively developing. In particular, a high growth of foreign investments was observed. Find out in more detail which countries' citizens buy real estate in Turkey the most
04 sty. 2023
More details2 min
Residence permitSpain to issue visas for digital nomads: who can get it, rights and procedure
Work remotely and live in Spain? Easily. Find out who can get the new digital nomad visa, the conditions, benefits and how to apply
17 sty. 2023
More detailsAll materials and articles are owned by VisitWorld.Today and are protected by international intellectual property regulations. When using materials, approval from VisitWorld.Today is required.