Located on Turkey’s Mediterranean coast, Antalya has become an increasingly popular destination for foreign property buyers in recent years. This is due to the many advantages the city has to offer, including beautiful beaches, a warm climate and a growing economy.
Property price in Antalya
One of the biggest advantages of buying real estate in Antalya is the relatively low cost of real estate. Although prices have been rising in recent years, they are still significantly lower than many comparable cities in Europe and North America. For example, while the average selling price per square meter in Antalya is currently around $800, in major European cities such as London and Paris, this figure can be 5 times higher.
Antalya rental prices
In terms of rental prices, Antalya is a very attractive option for foreign investors. The average rental price per square meter in the city is around 8-12 USD per month. This rate is lower than many other major cities in the world, making it an attractive option for those looking to invest in rental property. In the summer season, the rent is much higher.
Popular real estate areas in Antalya
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 regions for property buyers include Konyaalti and Lara, known for their beautiful beaches and luxury properties.
Antalya’s growing economy
Another advantage of buying real estate in Antalya is the growing economy of the city. The tourism industry contributes significantly 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 that can provide real estate investors with a steady income.
Comparison with big cities abroad
Antalya offers a more affordable and attractive real estate market than other major cities abroad. For example, while the average price per square meter in Miami is around $3,500, the price per square meter in Antalya is around $800. Moreover, while the average price per square meter in Dubai is around $2,000, the price per square meter in Antalya is around $800.
Conclusion on the purchase of real estate in Antalya
In general, Antalya offers a great opportunity for foreign property buyers. With its relatively low prices, growing economy and great location, it is an attractive option for those looking to invest in real estate abroad. With all its attractive options, beautiful beaches and beautiful weather, Antalya is also a great place to enjoy and live a great Mediterranean lifestyle. When buying a property abroad, we always recommend that you seek professional legal and financial advice and take into account all regulations, taxes and other possible costs.