Antalya, located on the Mediterranean coast of Turkey, has become an increasingly popular destination for foreign property buyers in recent years. This is due to a number of advantages that the city offers, including its beautiful beaches, warm climate, and growing economy.
One of the biggest advantages of buying property in Antalya is the relatively low cost of real estate. While prices have been increasing in recent years, they are still significantly lower than in many comparable cities in Europe and North America. For example, the average sales price per square meter (sqm) in Antalya is currently around $800 USD, while in major European cities such as London and Paris, it can be 5 times higher.
In terms of rental prices, Antalya is also a very attractive option for foreign investors. The average rent price per sqm in the city is around $8 – $12 USD per month. This is lower than in many other major cities around the world, making it an attractive option for those looking to invest in a property with the intention of renting it out. In the summer season, the rent is much higher.
One of the best areas to look for property in Antalya is the city center, which is home to many restaurants, cafes, and shops. Prices in this area are generally higher than in other parts of the city, but the location is ideal for those looking for a lively and active lifestyle. Other popular areas for property buyers include Konyaaltı and Lara, which are known for their beautiful beaches and high-end properties.
Another advantage of buying property in Antalya is the growing economy of the city. The tourism industry is a major contributor to the local economy and the city is also home to many large companies and industries. This means that there is a strong demand for rental properties, which can provide a steady income for property investors.
In comparison to other major cities abroad, Antalya offers a more affordable and attractive real estate market. For example, in Miami, the average price per sqm is around $3,500, while in Antalya the price per sqm is around $800. Also, in Dubai, the average price per sqm is around $2,000, while in Antalya the price per sqm is around $800.
Overall, Antalya offers a great opportunity for foreign property buyers. With relatively low prices, a growing economy, and a great location, it is an attractive option for those looking to invest in real estate abroad. With all the attractive options, stunning beaches and beautiful weather, Antalya is also a great place to live and enjoy a wonderful Mediterranean lifestyle.
It’s important to note that when buying a property abroad, it’s always recommended to have a professional legal and financial advice and take into account all the legal regulations, taxes and other possible costs.
