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Affordable Housing in Turkey: from Apartments in the Region of Antalya to Bodrum Villas

A competent approach to the task of buying immovable property in Turkey can become a reliable way to make lucrative investments. This solution allows you to acquire an apartment or a villa near the sea. Foreign investors who buy property of a certain value can also count on obtaining a permit to permanently reside in Turkey. We bring to your attention affordable and modern housing projects in the country – apartments in Antalya and villas in Bodrum.

Affordable Housing in Turkey

Turkish real estate market analysis 

Data from the Turkish Real Estate Institute confirms strong growth in the market. Thus, just in February 2024, 93,902 real estate properties were sold in Turkey, which is 17.3% more than in the same period last year. At the same time, the share of foreign capital continues to decline and amounts to only 2% of total investments.

The popularity of Istanbul realty has been unbeatable: the city demonstrates the highest demand among investors in this market sector. It is ahead of the famous resort of Antalya. The sales in 2023 hit a record-breaking 16,344 properties or 17.4% of the total sales in the country. Foreign investors also clearly prefer Istanbul housing projects.

The construction cost index consists of several indicators. The maximum increase came from the cost of labor – the labor index.

Compared to the same period in 2023, this figure increased by 103.46% and compared to the previous month – by 41.95%. In February 2023, construction material prices in Turkey were 53.29% lower. According to the Central Bank of Turkey, the house price index (KFE) soared by 2.3% in February 2024 against the previous month. The annual growth in real estate prices is recorded at 68%.

Turkish cities with the highest real estate sales:

Turkish CityNumber of propertiesShare in the total sales 
Istanbul16,34417.4%
Ankara8,3008.8%
Izmir5,1685.5%

In February 2024, foreign investors purchased 1,846 properties in Turkey. Today, the top three cities with the highest amount of foreign investment (number of sales) are Istanbul — 691, Antalya — 659, and Mersin — 151 sales respectively.

Buyers of Turkish real estate in February 2024: statistics by country:

Buyer’s Country of OriginNumber of Purchased Properties
Russia395
Iran200
Iraq112
Ukraine105
Albania91
Kazakhstan79
Azerbaijan60
Afghanistan47
United Kingdom45
USA43
China43
Palestine38
Saudi Arabia37
Kuwait34
Egypt31
Uzbekistan27
Qatar26
Algeria21
Israel20
Lebanon20

The Antalya Region: popularity among investors

Along with Istanbul, the Antalya region of Turkey is also very favored by foreign investors in the realty market. Antalya is considered the tourist center of Turkey. Golden Blue Flag beaches, the warm Mediterranean Sea, and majestic mountains make this region a true gem of the country. Developed infrastructure, apartments, and hotels for any budget, services adapted for foreigners – all this adds advantages to the Antalya region. Many foreigners buy real estate here to rent it out, live in it permanently, or relax during vacations.

The Antalya region offers well-developed infrastructure, including airports, roads, hospitals, shopping centers, and other facilities. This creates comfortable living conditions and attracts both tourists and investors. A variety of real estate (from apartments on the seashore to villas in the mountains) allows the developers to satisfy the buyers’ varying needs and preferences.

Buying apartments in Antalya

The unique residential complex with the concept of a city within a city has 19,000 apartments of different sizes and layouts – from 1+1 to 4+1. The total built-up area is 1,300,000 m2. The infrastructure is scaled to fit 70,000 people.

The developer is planning five stages and directions of construction. The first stage has already been built and occupied.

Жилой комплекс в Анталии
Residential complex in Antalya
Residential complex in Antalya

Unique features of the project:

  • internal transportation system;
  • home office in the residence;
  • various stores;
  • walking alleys;
  • landscape design;
  • children’s playgrounds and sports grounds;
  • indoor and outdoor swimming pools.

Distance to prime facilities:

  • Antalya bus station – 3 km;
  • airport – 18 km;
  • Mediterranean coast – 7 km;
  • Özdilek shopping center – 4 km;
  • Erasta Mall – 4 km;
  • Akdeniz University – 5 km;
  • Antalya Bilim University – 15 km;
  • city center – 6 km;
  • zoo – 2 km.

Principal advantages of buying apartments in this Residential Complex:

  • no need to pay VAT;
  • no registering property rights (TAPU) costs;
  • suitable for obtaining Turkish citizenship (subject to corresponding requirements to property cost).

Apartment prices start from 205,621 Euros.

Purchasing villas in Bodrum 

The concept of the residential project with villas in Bodrum is an eco-village surrounded by olive gardens. The village will have its own workshop for pressing olives and producing olive oil. The infrastructure also includes a poultry house with ducks and peacocks. Villas with closed areas and gardens, private pools, and parking are available for sale.

Villas in Bodrum
Villas in Bodrum

Layouts: from 2+1 to 4+1. Total area: from 104 to 160 m2.

Eco-village infrastructure includes the following:

  • two community swimming pools;
  • restaurant;
  • aquapark;
  • sports ground;
  • barbecue areas;
  • children’s playground and park;
  • gym;
  • walking areas;
  • auditorium for entertainment events.

Distance to important infrastructural facilities:

  • Bodrum Milas Airport – 4 minutes drive;
  • Bodrum center – 4 minutes;
  • fishing village Bogazici – 7 minutes;
  • Gulluk beach and marinas – 5 minutes.

Prices for villas start from 550,000 Euros.

Apartments with river views in Beyoğlu 

The ambitious project embodies cosmopolitan living in the heart of Beyoğlu. The complex is a short walk away from Golden Horn Park with views of the Khalich River. Imrahor Street is within walking distance from the lower edge of the complex. Residents have direct access to the most well-connected metro lines, which allows reaching any corner of the city in minutes. Near the complex, there are city parks and large shopping centers.

Affordable Turkish real estate

Project infrastructure:

  • kindergarten;
  • gym;
  • basketball court;
  • mosque;
  • covered parking;
  • pedestrian paths;
  • children’s playground.

The residential complex was built following the most modern earthquake resistance standards. The cost of apartments in the complex starts from 222,000 USD.

How can you buy property in Turkey?

If you are interested in the opportunity to buy real estate in Antalya, Bodrum, or Beyoğlu, please contact us using the contacts listed on the website. Our best real estate expert Suzanna Uzakova will advise on all related issues. Together we will select the optimal property aligned with your budget and preferences.

The representative office of our company is located in Istanbul. We have more than three decades of experience and expertise. If necessary, we will help with obtaining citizenship or residence permits for investment. We offer the best available citizenship and residence permit programs for investment, as well as premium real estate in 11 countries (projects with a guaranteed return of up to 10% per year). 

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