Turkey has turned out to be one of the most appealing overseas property markets, thanks to its cheap prices, numerous regions, and great potential for property development. Whether it is a vacation home by the beach, a retirement home, or a buy-to-let property, people are normally able to find all these in Turkey at very affordable prices especially when compared with many other European countries.
When thinking of the cheapest cities in Turkey to invest in real estate, this blog will help you look at the regions where it is possible to get the maximum value for the least amount of cash. We will focus on developing cities, seaside cities, and other regions that have relatively low real estate pricing, making Turkey a very good country for both inexperienced property buyers and investors alike.
Reasons for Investing in Real Estate in Turkey?
Turkey has become even more attractive to local and international investors in the following ways:
Cost:
The real estate prices in large portions of Turkey are lower compared to other nations in Europe and the Middle East.
Residency Advantages:
Purchasing real estate in Turkey opens up a chance for you to request a residence permit. High-value investments may make obtaining Turkish citizenship possible.
Expanding Economy:
The economy of Turkey is on the rise and the real estate sector has not been left behind, especially in places such as Istanbul and Ankara which lie along the Mediterranean and Aegean regions.
Variety of Locations:
You may like busy metropolises, picturesque villages, or peaceful countryside and still be able to find reasonably priced properties in Turkey.
Cheapest Places to Buy Property in Turkey
1. Trabzon
Trabzon is located in the northeast of the mainland of Turkey and is a city that is rich in natural beauty as well as in the historical culture. The property prices in this city are still relatively cheap compared to Istanbul or Antalya; hence making it a perfect place for purchasers who are on a budget.
Trabzon city is characterized by its green scenery, its nearness to the Black Sea, and its famous historical buildings like the Sumela monastery. Apart from that, the city is also favored by the Middle East markets owing to its mild and pleasant weather plus its aesthetic czar.
- Average Price per Square Meter: Roughly €500 – €800
- Best for People who love the outdoors, older adults, and people searching for a quiet place.
2. Bursa
Bursa is another city that is fast gaining popularity. It is located a little south of Istanbul. As a newer industrial and cultural center, it comes with a slower lifestyle than the other metropolitan cities in Turkey, although it remains connected to Istanbul. Because of its historical heritage, wellness markets, and several green parks, there has been an increase in the supply and demand of property in Bursa.
Property prices in Bursa remain relatively lower, particularly in the suburbs of the city. Modern flats and even villas can be found at much lower rates as opposed to in Istanbul or the coastal areas.
- Average Price per Square Meter: Approximately €600 – €900
- Best for: Ideal for, Parents, older adults, and those who want to enjoy both the city and nature.
3. Mersin
Mersin, hidden in plain sight along the Mediterranean coast of Turkey, is mostly bypassed in the quest to coastal cities such as Antalya or Bodrum. But, Mersin provides the vivacious Mediterranean even lifestyle at a cheaper price. Mersin is already showing an upward trend among foreign buyers in search of affordable beach properties because of its extensive and sandy beaches, modern amenities, and favorable weather conditions.
The city has expanded dramatically in the last several years; however, the property costs are still quite low when compared with the prices of other coastal towns.
- Average Price per Square Meter: €400 – €700 On the Average
- Best for People in search of coastal living but at no cost near as expensive.
4. Gaziantep
Located in southeastern Turkey, Gaziantep is one of the oldest cities in the country with an abundance of historic and cultural features. It is noted for its delicious food (notable with baklava of course) and for its olden days, the present-day Gaziantep is a city where there is a cheap place to buy real estate.
Yet, beautiful aesthetics and crafts are not favored by coastal cities and therefore do not attract many tourists and are still reasonably priced for those willing to live in an authentic city of Turkey. Here, the living expenses are also cheaper than those of other more tourist-regure regions, making it suitable for thrifty buyers.
- Average Price per Square Meter: Approximately €,300 – €,600 On the Average
- Best for Those who appreciate arts and culture, love history, and wish to have a cheap place to stay or invest.
5. Edirne
Edirne is a small city in northwestern Turkey close to the borders of Greece and Bulgaria. It is a historical city and is much quieter in pace when compared to other cities in Turkey. Edirne has very cheap property options making it one of the most quality places in Turkey to buy property.
Properties available for rent in Edirne, even if they are less than other Turkish cities are still of high quality and have amazing attractions such as exquisite Ottoman architecture and a laid-back ambiance. It is a perfect locale for people who want to be away from the radical activity of large metropolises.
- Average Price per Square Meter: €350 – €500 (approximately)
- Best for Individuals who love the historical aspects, individuals who are old or retired, or individuals who wish to live in a cheap and quiet place away from the large noisy cities.
Conclusion
Turkey is one of the most widely used countries for investing in residential and commercial property due to its cheap real estate market. Beginning with the beautiful Mediterranean city of Mersin in the south and culminating with the large city of Edirne in the north, there are countless cheap places to purchase property in Turkey. Every place has very different features; be it the history and architecture of the cities inside or the beaches of the Mediterranean Ocean.
If you are thinking of investing in a property in Turkey, this is the ideal period to buy potential investment property because of the low prices in the market and expected growth in the future. With proper analysis and work, you will out beat the competition and secure the ideal property that is within your means and also meets your class and lifestyle.
