If you want to buy property in Izmir, be assured you are on the right track to investing in one of Turkey’s most prominent cities. Sitting on the Aegean coast, Izmir has always been a leader, whether it is business, tourism, education, or the real estate market.
It outshines the rest of Turkey for leading the way in international trends, and this isn’t a newfound status either, because its prominent status throughout history has prompted the glorious city we see today. If it is your first time buying into the Turkish housing market, we are here to help, but in the meantime, here are reasons why buying a home in Izmir is a great lifestyle choice to make.
Why Buy Property in Izmir?
1: Variety of Destinations
Although Izmir is the name of the city centre, it also refers to the larger peninsula comprising several smaller inland and coastal areas. Some of these earn more fame than others and for good reasons. Alacati, a small, quaint village with iconic blue and white stone cottages is also Western’s Turkey’s windsurfing capital. Both Foca and Cesme boasts of historical castles while Sefirhisar, is an official recognised Cittaslow destination that believes in a calmer and healthier lifestyle. So, when buying an apartment or villa, don’t think you are confined to the city centre, because a whole peninsula awaits you.
2: Thriving Tourism Industry
The Izmir peninsula is home to one of Turkey’s most popular tourist attractions. Every year, millions of Turks and foreign tourists descend on the Ephesus city ruins, and its fame is known the world over. However, tourists have a lot more to look forward to. Pergamon ruins are another core feature of its activity portfolio, as is the wildlife park, Konak Square and traditional Kemeralti bazaar. This is goods news for anyone buying a property to use in summer or to let out as a holiday rental. The official tourism board says 8.5 million people visit Izmir every year, and as Turkey endeavours to grow its tourism industry, this figure looks set to climb.
3: Golden Beaches and the Seaside Lifestyle
Many people who have not been to Izmir, think it is just a city and therefore does not have any beaches. Yet, Izmir offers gorgeous stretches of sand, that has made it a firm holiday favourite of the Turks for decades. Cesme and Alacati make a roaring trade with beachgoers, eager to experience copious amounts of sea, sand, and sun. Whether or not, you like beaches, Izmir also offers that Turkish coastal lifestyle that doctors say is good for us. Thinks about the great outdoors, clean air, and a fresh fish and seafood diet.
4: Easy to Get To
Foreigners coming into Izmir use the major airport, offering frequent flight schedules, all year round. Serving 13 million passengers every year, it is Turkey’s fifth busiest airport. However, Izmir is also easy to get to via road thanks to its connections to major highways and bus station with scheduled routes to many other places in Turkey. It stands to figure that as a peninsula, many people arrive by official sea entry ports in Kusadasi, Cesme and the city centre. So which ever way you arrive, you can do it quickly and easily.
5: Combined Traditional and Cosmopolitan Vibes
Izmir receives admiration for its forward-thinking and as a leader of trends. And rightly so. Just walking around the streets, shows the region excels in pushing boundaries, for food, art, culture, and fashion. Yet don’t think, this means the traditional Turkish way of life ceased to exist. It is still found on every corner, and this makes Izmir great. Every day, you can choose something different, whether this is gourmet cuisine in a 5-star dining restaurant or typical street food from a vendor. Izmir does not fit life into a neat, compact box. It encourages individuality, and non-conformity, and that is why many foreigners find it a big lure.
6: Vast Portfolio of Apartments and Villas
So far, we have looked at lifestyle trends as reasons to buy, but let’s put the magnifying glass onto the property market. Izmir is reinventing its housing market with modern homes featuring the latest in technology and architecture. From studios for the working commuter to family villas, buyers will be surprised with the choice on offer. Izmir’s diversity shines through from the budget homes in the city, to luxury villas with private swimming pools and landscaped gardens. Every buyer will find the home they want. You can start your search for property in Izmir here. Each listing contains everything to know and how to arrange a viewing date and time.
7: Turkish Citizenship for Foreigners
One reason for Turkey’s roaring success of the housing market for foreigners is their citizenship by investment scheme that is one of the best in the world, not only for entry-level investment but also an easy application and approval procedure. Anyone looking to gain Turkish citizenship needs to invest $250,000 into the housing market and keep the property for at least three years. This has seen a flood of interest from all around the world. You can find out more about the Turkish citizenship scheme in this article, and call if you have any further questions.
8: Easy Buying Process
As an experienced Turkish real estate agent, we guide all buyers through buying a home in Turkey. But, have confidence because over the years, Turkey has streamlined the process, got rid of unnecessary red tape and eliminated high risks to present an easy process that should all your funds be in place can be completed in as little as three weeks. Compared to the countries like the UK, where a house sale can stretch into months, this offers buyers favourable conditions.
9: Buy-to-let and Holiday Rental Investment
Izmir makes a roaring trade with landlords because the market for renting is endless. As a major university city, property for rents are always in high demand, especially in areas like Buca. Its thriving economy, business and tourism industry means a year-round stream of people looking for short-term rentals. Some developers offer rental guarantee schemes while some buyers prefer to go it alone and organise their marketing. There are tax rules on the income and set procedures to follow but if the Turkish rental market is one investment avenue you are looking at, we can advise further.
Also of Interest
Turkish Property Law for Foreigners: As well as helping Turkish buyers, we are pleased with our established record for guiding foreign buyers through the process. In this article, we listed common questions and given a brief introduction into laws and regulations that govern the real estate market and how they relate to foreigners. It will help anyone looking to buy property in Izmir, to get an understanding of the process.
Invest in Turkey: We list four strong reasons to invest in Turkey. Focusing on its 2023 vision plan, it has already excelled in many areas to become a leading country, yet won’t rest on its laurels as it thrives to become a top performer in all areas of life.
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