In July 2019, the Republic of Turkey Central Bank's decision to cut interest rates, for the real estate market in Turkey has caused a positive move. To make real estate investments in Turkey is a good opportunity for domestic and foreign investors. In this article, we examined the 5 most preferred cities in Turkey for real estate investments by foreigners.
Residential sales in Turkey in January 2019 decreased 24.8% compared to the previous year, however, the housing sales to foreigners has increased by 81.9% compared to the previous year. Real estate market in Turkey, mainly engaged in foreign exchange purchases seem profitable for foreign investors.
According to the January 2018 figures announced by TurkStat, Istanbul, Antalya and Bursa are the top three cities that foreigners prefer to buy. Yalova and Trabzon followed these three cities. Most preferred cities in Turkey are described below with their characteristics respectively:
Istanbul is the best city choice for real estate sector. The Turks have a proverb for Istanbul: the stones and lands of Istanbul are made of gold. The reason for this discourse is that the real estate investments to be made in Istanbul are highly valued over the years. In this city, the profitability of the investors and the homeowners always increases. According to real estate indexes, prices per square meter in Istanbul are always increasing faster than other provinces throughout the years.
Antalya is the fifth most populous city in Turkey and the end of 2018 the population was closer to 2.5 million. Antalya, the tourism paradise, also hosts the best hotels in the world. With its natural beauties, forests and waterfalls, historical sites and luxury hotels, it is one of the tourism capitals around the world.
The history of Bursa settlement, which is one of the largest and most beautiful cities in Anatolia, dates back to the 4th century BC. It is one of Turkey's largest industrial city, it is undergoing a lot of visitors flock to the city center. In addition, transportation from Bursa to Istanbul is very easy.
It is located in the southeast of the Marmara Region. It has a coast to the Sea of Marmara and was formerly within the borders of Istanbul. Turkey's largest city Istanbul is very close to that. It has the most beautiful holiday spots in the Marmara Sea.
It is located between the Black Sea Coast and the Zigana Mountains in the Eastern Black Sea Region. It is home to local delicacies with its highlands, creeks and fresh air. Trabzon's natural beauties as well as historical and cultural values are of great importance.
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