Property in Turkey on Turk.Estate
The popularity of properties in Turkey for foreigners continues to grow. Over the past few years, this country has firmly strengthened its position as an attractive destination for investors from around the world. According to the Turkish Statistical Authority (TUİK), in 2022, the number of properties sold to foreigners exceeded 67,000 units, which is 15.2% more than the year before.
On our real estate platform, you can find the latest offers from trusted developers and agencies, choose the most suitable options and buy housing in Turkey. Turk.Estate is an easy-to-use tool for those interested in buying, renting, selling or investing in property in this country.
Real estate for sale in Turkey
Today, real estate in Turkey includes high-quality properties with modern finishes and developed infrastructure. Such a purchase will be a profitable investment. Houses and apartments in this country are in high demand among expats and tourists for long-term and short-term rentals. As of 2023, the average yield is 5.44% per annum.
In addition, housing can always be resold at a higher price. According to a report by the country's Central Bank, property prices in Turkey at the end of the first half of 2023 increased by 96% compared to the previous year. The biggest jump was registered in the capital, Ankara. There, the increase in real estate prices in 2023 amounted to 106%. In Istanbul the growth rate reached 85%.
Turkey also attracts home buyers with fairly low property taxes. The tax on the purchase of housing here is 4% of the cadastral value of the property, the annual tax on real estate ranges from 0.1 to 0.6% (for residential real estate - up to 0.2%). Thus, the tax and property maintenance expenses are generally lower compared to many other European countries.
Many foreigners often buy houses and apartments in Turkey, located on the Mediterranean Sea. Another popular destination is the Aegean coast. Typically, real estate there is more expensive, but today you can find housing in different price ranges. There are extremely many offers on the market.
As of 2023, the average property price in Turkey in popular locations is as follows:
- Istanbul – $1,440;
- Ankara – $1,285;
- Izmir – $980;
- Fethiye – $1,890;
- Bodrum – $2,955;
- Alanya – $1,370;
- Antalya – $1,215;
- Mersin – $760;
- Mahmutlar – $1,360.
The prices can vary significantly depending on the location, area and type of property. Housing in larger cities such as Istanbul, Ankara or the luxury resort of Fethiye is often more expensive. Proximity to the sea, developed infrastructure, attractions and transport hubs also affect the cost. Another factor is the quality of materials used in construction. New projects with premium finishes tend to cost more.
Types of real estate in Turkey
In Turkey you can find all popular types of real estate, from studio apartments, 1-7-bedroom apartments to penthouses, townhouses, luxury villas and houses available on both the primary and secondary markets. Modern residential complexes in Turkey are equipped with a variety of amenities, including:
- swimming pools with leisure areas;
- sauna and hammam rooms;
Some projects feature beauty salons, restaurants and shops for residents. In addition, many complexes offer concierge, video surveillance and security services.
Profitable buy property in Turkey
Check out the best offers on our platform to choose the best apartment or villa in Turkey for relocation or investment. Here you will find everything you need:
- profitable and verified offers from developers, agencies and individual sellers;
- quick access to an extensive real estate database;
- easy-to-use search filters by various parameters;
- latest news and useful articles about Turkey;
- consultations with professionals on how to choose your ideal property.
You can customize your search according to your preferences to quickly find the best options matching your requirements. Instead of studying information about real estate on different websites or working with several agencies, you will find all the offers on one website. Start searching for property in Turkey for investment and living today. With us you can contact a trusted seller and make a profitable deal.