Yalova is an up and coming city that has the potential to become a highly sought after area of Turkey in the future. Yalova is a beautiful area with many attractions including the thermal springs, ski resort and stunning beaches and sea. Real estate in Yalova is therefore incredibly valuable. The city has a very high level of education leading to highly skilled and well qualified labour. Yalova is also located in amidst the three large industrial cities and at the centre of the exceptional transportation network in this import geographical position. Yalova offers a peaceful and safe environment in a developing city that with the ideal climate cannot fail to make residents happy.
How much does it cost to buy a property in Yalova?
Residential properties in Yalova are still incredibly good value in comparison with the same type and style of property located in Istanbul, which is just under an hour away. For example a modern, luxury apartment in Yalova will be priced in the region of £45,000 and a spacious detached 5 bedroom house in a prime location will cost upwards of £250,000. To purchase exactly the same property in Istanbul not only will the cost be double, but also instead of the prime city location in Yalova you would find the Istanbul property would be in the suburban area away from the city. Yalova not only offers a superb seaside location but it offers all the privileges of Istanbul without the issues that you would expect.
Is Yalova real estate a good investment?
Yalova represents a wonderful city in Turkey with a great numbers of tourists travelling to every year. Yalova provides a stunning green setting and also benefits from plenty of hot springs that everyone can enjoy; the springs also provide relief for those in less than perfect health – making Yalova an ideal area for retirement perhaps. The region attracts real estate investors due to its excellent location, and the properties are currently keenly priced which is ideal for those wanting to buy a property with the potential to sell at a later date at a much higher market value. Land and real estate in Yalova are priced to sell and there are few other areas that have this much to offer. The transportation in the area has been updated and it is now easy to travel in and around the area which also adds to the benefit investing here. Whether you are looking to purchase a property for year round living or even just to rent out – the real estate currently in Yalova will provide you with an excellent return on investment or resale value.
Who are the main foreign buyers of holiday homes in Yalova?
According to the latest statistics the biggest buyers of Turkish real estate are Russians, closely followed by the British and then the Germans. However there has been a fast progression in the amount of Middle Eastern and southern Asian buyers. Yalova appeals to these buyers due to its South Coast location as the majority of the buyers have purchased the properties as second/holiday homes. The foreign investors are also attracted and keen to put their money in to a market which is still looked upon as secure and this is due to Turkey having not been involved in the monetary disasters suffered by many EU countries.
Is Yalova all about bargain properties and low cost of living?
There is no denying that property in Yalova represents excellent value for money however there is more to Yalova as it offers everything required for day to day living at reasonable costs. Yalova is blessed with a good climate and is ideal for those wanting a modest lifestyle and the opportunity to live in a truly healthy environment. Not only this Yalova is a rising city that is under an hour from Istanbul and has excellent transportation links, the residents or visitors are near to all the benefits of Istanbul but away from all the hustle and bustle and this is an enviable location of being on the seafront as well as next to the thermal springs.