Property in Turkey. Turkish real estate prices
Property for sale in Turkey is in great demand among overseas buyers and Antalya is the most sought-after real estate destination chosen by 60% foreign investors. Istanbul and Muğla are also popular. The favourable climate and good prices are some of the main reasons why investors buy property in Turkey.
Turkish properties sell for €300–400/sq. m. in Alanya, €400–500/sq. m. in Antalya, €600–1,600/sq. m. in Fethiye and €1,000–1,300/sq. m. in Bodrum. To buy a square meter in Istanbul, it costs €700–1,600.
Buying prices of real estate in Turkey are constantly on the rise, gaining 17% in 2013 and another 14% in Q1 2014.
Properties in private complexes with a common pool within walking distance from the beach are especially in demand with apartments priced at €40,000–60,000. Villas are less popular as they are more expensive. A house in Alanya, Antalya or Kemer sells for €250,000–350,000.