Country: Turkey
It is possible to buy a villa in Turkey at a lower price than in most EU countries. If you want your purchase to be successful and profitable, you will need to contact a professional Turkish real estate company. Summer Homes provides a full range of services in the market, being a developer, investor and real estate agency. Our knowledgeable and dedicated staff will help you choose the right option; this means the project might be already completed or still under construction. Also, we take into account the buyer's budget and availability to view properties.
You can profitably buy a villa in Turkey.
The Benefits of Buying a Villa in Turkey
Buying a villa in Turkey is very attractive because:
- Obtaining Turkish Citizenship has never been easier; by purchasing a property(s) whose value exceeds 400.000 Dollars. (June 2022 updated fig.)
- It is possible to buy a comfortable property which has been built using environmentally friendly materials.
- A villa in Turkey is sometimes cheaper than an apartment.
What Kind of Housing Can be Purchased - Types of Real Estate
Several types of houses are sold in Turkey:
An example of a villa in Turkey.
Villas
A building with 2-3 floors with an area of between 120-450 m², some are built in a modern, contemporary style and others resemble villa styles common to Italy or Greece.
Traditionally, they are built of stone, have spacious balconies and terraces, which are used as additional living area, allowing you to not only enjoy the beautiful views or weather but also to entertain family and friends, have breakfast, relax and sunbathe, etc. Within a villa complex there will usually be a swimming pool, a relaxation area, and a garden which has been landscaped by designers.- Duplexes
This a multi-family home that has two units within the same building. The two units share a common wall, but can vary in floor plan. For example: they can be side by side or stacked on top of each other. Each unit has a separate entrance and there is no interior connection between the two units. The area of each part is typically between 90-120m². Most come with a shared pool and gardens. Duplexes are considered a great economical alternative to a villa and they command the greatest demand in the Turkish real estate market. - Тownhouses
It is a 2-storey villa, divided into 3-5 parts with an area of 100-260 m². Near the townhouse, there is always a swimming pool and an area where you can relax. - Bungalows
Very popular in the countryside. They are typically quite small with an area of approximately 90m². The living space is all organised around one floor and generally does not have heating. A typical layout would have the living room in the centre with doors leading from it to bedrooms and kitchen. Externally the building would look quite simple and basic but with a bit of imagination they can be turned into elegant homes.
In Turkey, you can buy authentic traditional-style houses:
- Wooden Houses
Wooden 2-storey houses are typically used in the northern regions and the Black Sea coast. It features simple architecture. - Yali
These buildings are seaside mansions that date back to the Ottoman period with a domed roof, a pediment decorated with wooden details, a large number of windows and a large garden. - A simple house which has an area of 60-100 m², and built 60-90 years ago.
An example of a townhouse in Turkey.
Most authentic houses in the west and south of Turkey are built of stone due to the heat, in the Central Anatolia region. They are sold after a repair, fully or partially furnished, ready to move in. Old mansions in the Ottoman style in the historical Centre of cities are sold for restoration.
So the buyer takes part in preserving the history, culture by investing in real estate, which does not lose its value over time.
Some authentic houses can only be bought by Turkish citizens or foreigners who are registered as a Limited Liability Company (LLC), which is the most common form of business. The employees of our company will explain Turkish law to the potential buyer.
Authentic style villas are being built in the central part of the city. Some of them have their security, SPA salons, fitness clubs, parks, etc.
In addition to villas and houses, in Turkey you can purchase:
- An apartment in a new residential complex or in the re-sale market.
- Penthouse - a two-level apartment on the upper floors of a building.
- Land for housing.
Best Areas to Buy a Home
According to the Institute of Statistics of Turkey, Foreigners such as Russians, Iranians and Arabs are the top three buyers of Turkish real estate. In 2020, 40,812 foreigners purchased homes in Turkey.
Most often, they buy real estate in these cities:
- Istanbul
- Ankara
- Among the cities of the Mediterranean region (Antalya, Alanya, Kemer)
- In the Aegean region (Bodrum, Fethiye, Marmaris)
It is important for you to choose an area in Turkey that best reflects your ambitions; the lifestyle you wish to pursue; the infrastructure/amenities of the area and of course the aesthetics of the area (urban, mountainous, sea, countryside).
In Ankara, you can also buy a villa and make profit.
Those who prefer to live in a peaceful area, choose small resort towns in the Mediterranean region (in Alanya, Kas, Fethiye, Avsallar, Kalkan, Konakli, etc.), or in any of the 14 bays of the Bodrum Peninsula or the countryside.- Those who often come to Turkey, on weekends, look for a house in the resort areas near the airport. The country has 35 international airports.
- Those who want to move to Turkey for permanent residence and who have children that need to go to school. These foreign-friendly schools are Istanbul, Alanya, Antalya, Izmir. It is easier for foreigners to adapt in cities with the most developed infrastructure.
- People planning to work or organize a business acquire real estate in cities with a rich history (Ayvalik - opposite the island of Lesvos, Fethiye - in the turquoise bay, etc.).
- Those who come for health treatment need to pick places that have a mild climate. Some of these cities have water and mud therapy, that is why investors buy properties near thermal spas (in Afyon, Yalovo, Bursa, Pamukkale, etc.). In total, 190 healing springs are located in Turkey.
- For clients who love relaxing summer vacations, and visit 1-2 months a year, can buy houses closer to the sea, in a picturesque area, with many entertainment venues, beach, parks, etc. (in Bodrum, Marmaris, Kemer).
- Some people purchase properties to rent them out. They mostly choose properties from Istanbul, Ankara and other cities where people come not only to relax but also to study or work. In large cultural centres, rental income is not tied to the tourist season. Our brokers will help their clients to earn money by renting out housing legally.
Villa prices in Turkey range from €80.000 for a small 1-2-storey house with 250-300 m² of land in the suburbs to € 1.5-2 million luxury mansions on the seashore.
The cheapest property in the country is considered to be real estate in Antalya. Here, the average cost of a house is €160.000. In the Mahmutlar district, you can buy real estate of any class. Villas with an area of 120 m² on a plot of 300 m² and 1 km from the coast cost from € 85.000. Also, houses at the same distance to the beach, but with an area of 250 m² on a 500 m² plot, is estimated of a minimum value of € 280.000.
On either Mahmutlar's borders, you can find villas and apartments in Kestel and Kargicak, where there are a secondary real estate market and brand new villas from the developer at an affordable price. Because Alanya's first coastline is mostly built up with hotels, the villas and cottages are located far up the city.
The most popular city for buying real estate in Antalya, are areas called; Lara, Konyaalti, and Avsallar. Kepez is the largest region of Antalya. 5-7 km from the sea in a residential complex, and from here, you can buy an affordable property (€ 94-99 thousand) with an area of 90 m² with panoramic views, and heating system. From the properties in Kepez to the beach is easy to reach as you can get there by bus or tram.
Villas in the Avsallar area are affordable. For example, a property in a residential complex with 150 m² and 3-4 bedrooms that is 2 km from the beach, can be bought for € 69.000-73.000.
Villas (detached or in complexes) in Kemer are located among the picturesque nature on the mountains. The climate in this area is much cooler than in the rest of the city.
Belek, a resort in Turkey.
The most prestigious resort on the Mediterranean coast is Belek. There is a large number of free plots in the city, so real estate here will always be active. Belek is an attractive city with its beautiful beaches, entertainment, and famous golf courses.
The interest of Foreign citizens in Fethiye has increased since it was announced as a touristic destination 20 years ago. The resort is located on the banks of the beautiful bay on picturesque hills covered with pristine, green forests.
The average price of a spacious villa with an area of 200 m² with 4-5 bedrooms, on 5-6 acres of land, 0.8-1 km from the beach is around €220.000. Houses in the village are a little more expensive. Gocek is located 20 km from Fethiye, and its main attraction is the yacht marina.
The Cost of Villas in Turkey and What it Depends on
The cost of villas is affected by:
- Location (Expensive houses with their own access to the sea, as well as located in large cities and the most picturesque and quiet places)
- The size of the land and its surrounding social facilities
- Availability of infrastructure
Among the offers of the re-sale market, you can find a property without the need for alterations, which is much more affordable compared to brand new villas.
The choice of real estate in any region of Turkey is wide. The main thing is to know what to look for.
