Real estate in Izmir: the advantages of buying apartments in the metropolis of Turkey

Such an incredible metropolis as Izmir is one of the key cities in the country, so real estate here does not lose its relevance over the years. Izmir is a port city of Turkey, its western pearl located in the picturesque bay of the Aegean Sea, facing Greece. It is one of the oldest cities in the Mediterranean, which today has become one of the most developed.

From its foundation, Izmir was part of the majestic Roman Empire; during the Ottoman period, the vast majority of its inhabitants supported Orthodoxy, and only in the 20th century did Islam spread here.

Izmir is one of the most progressive cities in Turkey.

Modern Izmir is in third place in Turkey in terms of population - over three million people. Also, the metropolis belongs to the glory of the largest port. Its vast territory covers the area of ​​the bay on the east coast. There are many educational institutions here: colleges, universities, international schools. It should note that a relatively large number of Russian-speaking citizens live in the city since there are enough schools and kindergartens where children can communicate in Russian, which is convenient for them.

Large-scale automobile production has been launched in Izmir. As in the whole country, agriculture and the textile industry are developing well here; high-quality building materials are being produced. In addition, Izmir is a major business center in Turkey. The international airport located in the city receives flights from different parts of the globe. Majestic and cosmopolitan, Izmir is still a grand resort. Since the waters in the town are not very clean, tourists and locals are more likely to visit beaches located at some distance from the city, which are easy to reach by car. For example, to the west of the metropolis is the Chemshe resort area with well-maintained long sandy beaches and a stunning panorama. It is also possible to visit other resort places, such as Ilica beach, Kusadasi resort, etc.

Izmir is ideal for those who want to live year-round in a prosperous city with developed infrastructure but do not want to be in the largest city, like Istanbul, with its vast population, which today is about 16 million people.

Izmir real estate market

At this time, the country's government is considering the option of laying the Antalya-Izmir highway. To a greater extent, this decision results from the growing interest of foreigners in acquiring real estate in Izmir, which, in turn, provokes an increase in residential and commercial properties prices. According to statistics, in 2020 alone, the cost of housing increased by almost 35%, and one square meter today costs about 500 euros.

Izmir Square is 30 districts. The highest prices are observed in the historical central areas and those located closer to the coast. The price per square meter of a villa on the beach can reach 2,000 euros. Also considered prestigious is the Bayrakly region with a national park, a cultural cluster - Bornova. You can find the cheapest housing in the territory of the sleeping area of ​​Izmir - Buka.

Advantages of buying property in Izmir

The progressive development of the city of Izmir attracts potential buyers from all over the world, including citizens of the CIS. They want to purchase comfortable housing in the resort town of Turkey. The advantages of buying residential and commercial properties in the city include the following points:

• Relatively low cost of living, which is much cheaper than in the EU countries;
• The opportunity to go through an accelerated procedure for obtaining citizenship when acquiring real estate worth more than 250 thousand euros;
• Profitable financing options - Turkish banks offer loyal housing lending conditions for foreign citizens. In addition, many large construction companies provide the purchase of housing on installment terms;
• Stable rental income - if you are not going to live permanently in the purchased apartments, you can rent them out, receiving an excellent passive income.

Inextricably linked with the construction of new residential properties, the development of the real estate sector provides a high investment potential in Izmir. The demand for the city's real estate properties among foreign buyers has become the impetus for the fact that he entered the top ten in high rates of growth in property prices. Real estate investment in Izmir is growing every day; therefore, putting your money into real estate will be a worthwhile endeavor. It is an excellent chance to earn steady profits from the sale or lease of real property over time. Experts predict that the cost of Turkish square meters will increase by an average of 50% in the coming years, so it's time to start looking for a suitable property.