{"id":21473,"date":"2023-06-22T11:59:00","date_gmt":"2023-06-22T11:59:00","guid":{"rendered":"https:\/\/firstistanbul.com\/?p=21473"},"modified":"2023-07-24T08:05:04","modified_gmt":"2023-07-24T08:05:04","slug":"ownership-and-real-estate-investment-in-turkish-cities","status":"publish","type":"post","link":"https:\/\/firstistanbul.com\/blog\/real-estate-news\/ownership-and-real-estate-investment-in-turkish-cities\/","title":{"rendered":"Ownership and real estate investment in Turkish cities"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Turkey has a total area of 783,562 square kilometers and is surrounded by ten countries and four seas, including 81 provinces. The majority of its land is located in Asia, with the remaining portion in Europe.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many foreigners are interested in owning and investing in real estate in Turkey, but it can sometimes be difficult to determine the best cities for that. First Istanbul team has selected the most important Turkish cities for those interested in buying properties.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p>\n<h2><strong>Ownership and real estate investment in Istanbul:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Istanbul is one of the prominent Turkish cities and a key destination for ownership and real estate investment for several reasons:\u00a0<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">It is the only city in the world that spans two continents (Asia and Europe).\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The Bosphorus Strait is a significant tourist attraction, an investment hub, and an important landmark in Turkey.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Istanbul enjoys a moderate climate due to its proximity to the Black Sea in the north and the Sea of Marmara in the south.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">It is home to numerous tourist attractions such as palaces, castles, towers, and mosques, making it an important tourist destination.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Istanbul is rich in forests, including Belgrad Forest and Aydos Forest in the European part, and Beykoz in the Asian part, in addition to hundreds of parks that serve as recreational spaces for residents and families.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Istanbul is classified as the &#8220;Turkish economic capital&#8221; as it is one of the industrial cities that covers the local markets and exports surplus products to most countries worldwide.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">It hosts major shopping centers such as Mall of Istanbul, Jewel Mall, and Marmara Park, among others.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Istanbul is the largest Turkish city in terms of population, with a population of nearly 16 million.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">It is an international cultural melting pot, housing diverse communities of Turks, Arabs, and foreigners.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The Turkish construction market in Istanbul has experienced significant development in the past two decades, with major construction companies like TOKI and Emlak Konut competing to build large residential and commercial complexes to meet the increasing demand for housing.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">While property prices in Istanbul are high compared to other Turkish cities, they are much lower than their counterparts in European countries, particularly in the UK and Germany.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The competitive real estate market in Istanbul has led to an increase in investment momentum, resulting in profits for foreign investors.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Property prices in Istanbul have increased by over 800% between 2018 and 2023 due to factors such as the depreciation of the lira, inflationary pressures, limited supply, high demand, and increased construction material costs and labor wages.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">In most cases, Istanbul properties dominate the list of top-selling properties for both Turks and foreigners on a monthly and annual basis, according to statistics from the Turkish Statistical Institute. <\/span><\/li>\n<\/ul>\n<h2><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-large wp-image-21625\" src=\"https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Ownership-and-real-estate-investment-in-Istanbul-1024x576.jpg\" alt=\"Ownership and real estate investment in Istanbul:\u00a0\" width=\"1024\" height=\"576\" srcset=\"https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Ownership-and-real-estate-investment-in-Istanbul-1024x576.jpg 1024w, https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Ownership-and-real-estate-investment-in-Istanbul-300x169.jpg 300w, https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Ownership-and-real-estate-investment-in-Istanbul-768x432.jpg 768w, https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Ownership-and-real-estate-investment-in-Istanbul-1067x600.jpg 1067w, https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Ownership-and-real-estate-investment-in-Istanbul-496x279.jpg 496w, https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Ownership-and-real-estate-investment-in-Istanbul.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/h2>\n<h2>Real Estate Ownership and Investment in Trabzon:<\/h2>\n<p><span style=\"font-weight: 400;\">Trabzon, located on the shores of the Black Sea, is described as the &#8220;bride of northern Turkey&#8221; and is one of the enchanting Turkish cities that captures the hearts of Arabs, in particular.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Due to its geographical nature, Trabzon is considered one of the best Turkish cities for real estate ownership and investment, attracting millions of people to reside, live, and work there.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trabzon includes the village and Lake Uzungol, one of the most beautiful natural wonders of Turkey, with its unique location on the slopes of towering mountains in northeastern Turkey.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It also houses the Aya Sophia Museum dating back to 1250 and the summit of Mount Boztepe, in addition to distinguished restaurants, cafes, and tourist environments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Numerous modern residential complexes and luxurious villas have been built in Trabzon in recent years, especially those overlooking the Black Sea or located amidst forests, in response to the increasing demand for housing, especially from Gulf Arab countries, who consider Trabzon their top destination.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the increasing demand for housing, the importance of real estate investment in Trabzon has grown throughout the year, as real estate investors in Trabzon achieve good profits by investing in properties, especially villas.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0 <img decoding=\"async\" class=\"alignnone size-large wp-image-21626\" src=\"https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Real-Estate-Ownership-and-Investment-in-Trabzon-1024x576.jpg\" alt=\"Real Estate Ownership and Investment in Trabzon:\u00a0\" width=\"1024\" height=\"576\" srcset=\"https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Real-Estate-Ownership-and-Investment-in-Trabzon-1024x576.jpg 1024w, https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Real-Estate-Ownership-and-Investment-in-Trabzon-300x169.jpg 300w, https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Real-Estate-Ownership-and-Investment-in-Trabzon-768x432.jpg 768w, https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Real-Estate-Ownership-and-Investment-in-Trabzon-1067x600.jpg 1067w, https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Real-Estate-Ownership-and-Investment-in-Trabzon-496x279.jpg 496w, https:\/\/firstistanbul.com\/wp-content\/uploads\/2023\/06\/Real-Estate-Ownership-and-Investment-in-Trabzon.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/span><\/p>\n<h2><span style=\"font-weight: 400;\"><strong>Real Estate Ownership and Investment in Ankara:<\/strong>\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ankara is the political capital of Turkey and one of the best cities for real estate ownership and investment, especially for Arabs, as it is home to a large number of Arab communities such as families and students.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ankara enjoys a strategic geographical location in the center of Turkey, which gives it a strategic advantage in the country&#8217;s geography, being a meeting point for various cities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It houses the Presidential Complex, the Council of Ministers, the Parliament, and the embassies of countries around the world, which explains the organization, modernity, and development of infrastructure and public facilities that encourage attracting more people interested in real estate ownership and investment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hundreds of modern residential and commercial complexes have been constructed in Ankara with their stunning and innovative designs, which are no less beautiful, important, and high-quality than their counterparts in Istanbul or other international cities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The city&#8217;s residential complexes host many security and recreational services, including security guards, surveillance cameras, reception and information desks, sports fields, indoor halls, Turkish baths, sauna, steam rooms, commercial stores, and more.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Simultaneously with the rapid development, the pace of real estate ownership and investment in Ankara has increased, offering a variety of investment options, including ready-to-move-in properties, properties under construction, and properties that are still in the architectural model stage (mock-up), allowing investors to choose the most suitable property according to their allocated budget and desired real estate investment approach.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> <img decoding=\"async\" class=\"aligncenter size-full wp-image-22049\" src=\"https:\/\/firstistanbul.com\/ar\/wp-content\/uploads\/sites\/4\/2023\/05\/\u0627\u0644\u062a\u0645\u0644\u0643-\u0627\u0644\u0639\u0642\u0627\u0631\u064a-\u0641\u064a-\u0623\u0646\u0642\u0631\u0629.jpg\" alt=\"\u0627\u0644\u062a\u0645\u0644\u0643-\u0627\u0644\u0639\u0642\u0627\u0631\u064a-\u0641\u064a-\u0623\u0646\u0642\u0631\u0629\" width=\"1280\" height=\"720\" \/><\/span><\/p>\n<h2><span style=\"font-weight: 400;\"><br \/>\n<\/span><strong>Real Estate Ownership and Investment in Sakarya:\u00a0\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Sakarya is considered one of the best Turkish cities for real estate ownership and investment. It is located 145 km away from Istanbul and offers many advantages, including:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is situated on the shores of the Black Sea and is one of the Turkish tourist cities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sakarya is one of the closest cities to Istanbul, with a travel time of an hour and a half by car.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It hosts many plains and fertile lands, making it an important agricultural city in terms of Turkish geography. Agricultural products are abundant, and 65% of the residents work in agriculture.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The city has cultural diversity and a rich historical heritage.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to luxurious villas that attract tourists and investors, residential and commercial properties are being constructed in Sakarya.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-22048\" src=\"https:\/\/firstistanbul.com\/ar\/wp-content\/uploads\/sites\/4\/2023\/05\/\u0627\u0644\u062a\u0645\u0644\u0643-\u0627\u0644\u0639\u0642\u0627\u0631\u064a-\u0641\u064a-\u0633\u0643\u0627\u0631\u064a\u0627.jpg\" alt=\"\u0627\u0644\u062a\u0645\u0644\u0643-\u0627\u0644\u0639\u0642\u0627\u0631\u064a-\u0641\u064a-\u0633\u0643\u0627\u0631\u064a\u0627\" width=\"1280\" height=\"720\" \/><\/p>\n<h2><strong>Real Estate Ownership and Investment in Bursa:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Bursa is one of the best cities for real estate ownership and investment due to its long history, reflected in its buildings, historical sites, mosques, and historical baths dating back to ancient times.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It enjoys wonderful weather during winter and has diverse summer and winter tourism centers, especially Mount Uludag and its skiing center. Bursa&#8217;s tourist cable car, the second longest cable car in the world, connects the city to the top of Mount Uludag.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The city has a green vegetation cover in summer due to the abundance of forests and gardens, while it is covered in white during winter due to heavy snowfall.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bursa has good infrastructure with buildings, roads, bridges, and transportation networks, making it one of the best cities to live in Turkey. It is surrounded by several beautiful rural villages easily accessible by car, such as Cumali Kizik Village and others.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The demand for housing in Bursa has increased in recent years, leading to the construction of more modern residential and commercial complexes, including apartments, villas, offices, and shops.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-22047\" src=\"https:\/\/firstistanbul.com\/ar\/wp-content\/uploads\/sites\/4\/2023\/05\/\u0627\u0644\u062a\u0645\u0644\u0643-\u0627\u0644\u0639\u0642\u0627\u0631\u064a-\u0641\u064a-\u0628\u0648\u0631\u0635\u0629.jpg\" alt=\"\u0627\u0644\u062a\u0645\u0644\u0643-\u0627\u0644\u0639\u0642\u0627\u0631\u064a-\u0641\u064a-\u0628\u0648\u0631\u0635\u0629\" width=\"1280\" height=\"720\" \/><\/p>\n<h2><strong>Real Estate Ownership and Investment in Kocaeli:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Kocaeli is the fourth most developed and modern city in Turkey after Istanbul, Ankara, and Izmir. It is a tourist and industrial city, housing the largest paper and rubber factory in Turkey, as well as the largest shipyard in the country.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kocaeli attracts those who do not want to live in Istanbul due to its congestion and population density, but still desire to be close to it, as it is located approximately 100 km away.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kocaeli has a wide transportation network, including maritime and land routes. It is also close to major cities such as Istanbul and Bursa, and its important geographic location attracts investors and businessmen.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The number of residential and commercial complexes has increased in Kocaeli in recent years, and foreign investors see it as an investment opportunity due to its strong industry and its ability to attract major industrialists, workers, and traders to live and work there.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-22046\" src=\"https:\/\/firstistanbul.com\/ar\/wp-content\/uploads\/sites\/4\/2023\/05\/\u0627\u0644\u062a\u0645\u0644\u0643-\u0627\u0644\u0639\u0642\u0627\u0631\u064a-\u0641\u064a-\u0643\u0648\u062c\u0627\u0644\u064a.jpg\" alt=\"\u0627\u0644\u062a\u0645\u0644\u0643-\u0627\u0644\u0639\u0642\u0627\u0631\u064a-\u0641\u064a-\u0643\u0648\u062c\u0627\u0644\u064a\" width=\"1280\" height=\"720\" \/><\/p>\n<h2><strong>Real Estate Ownership and Investment in Antalya:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Antalya is the capital of Turkish tourism and one of the best cities for real estate ownership and investment. It extends along the coasts of the Mediterranean Sea, providing a hot summer and mild winter climate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What distinguishes Antalya the most is the abundance of its beaches, especially those awarded the &#8220;Blue Flag&#8221; for cleanliness. These beaches attract Europeans, particularly British, Russian, Ukrainian, and German tourists.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tourism in Antalya goes beyond beaches and forests to include its charming historical and archaeological sites, especially the enchanting Kaleici.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The government&#8217;s attention to Antalya is evident through its strong infrastructure, beautiful roads, streets, buildings, and bridges. Dozens of residential complexes and luxurious villas have been constructed in recent years to meet the needs of those interested in real estate ownership and investment in the city.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-22045\" src=\"https:\/\/firstistanbul.com\/ar\/wp-content\/uploads\/sites\/4\/2023\/05\/\u0627\u0644\u062a\u0645\u0644\u0643-\u0627\u0644\u0639\u0642\u0627\u0631\u064a-\u0641\u064a-\u0623\u0646\u0637\u0627\u0644\u064a\u0627.jpg\" alt=\"\u0627\u0644\u062a\u0645\u0644\u0643-\u0627\u0644\u0639\u0642\u0627\u0631\u064a-\u0641\u064a-\u0623\u0646\u0637\u0627\u0644\u064a\u0627\" width=\"1280\" height=\"720\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey has a total area of 783,562 square kilometers and is surrounded by ten countries and four seas, including 81 provinces. The majority of its land is located in Asia, with the remaining portion in Europe.\u00a0 Many foreigners are interested in owning and investing in real estate in Turkey, but it can sometimes be difficult [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[175,176,173,174],"class_list":["post-21473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news","tag-ankara-real-estate","tag-antalya-real-estate","tag-istanbul-real-estate","tag-real-estate-ownership-in-turkiye"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/posts\/21473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/comments?post=21473"}],"version-history":[{"count":3,"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/posts\/21473\/revisions"}],"predecessor-version":[{"id":21627,"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/posts\/21473\/revisions\/21627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/media\/21623"}],"wp:attachment":[{"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/media?parent=21473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/categories?post=21473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/firstistanbul.com\/wp-json\/wp\/v2\/tags?post=21473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}