Antalya, located on the Mediterranean coast of Turkey, has become an increasingly popular destination for foreign property buyers in recent years. This is due to several advantages the city offers, including its beautiful beaches, warm climate, and growing economy. One of the biggest advantages of buying real estate in Antalya is the relatively low cost of real estate.
Although prices have increased in recent years, they are still significantly lower than many comparable cities in Europe and North America. For example, the average selling price per square meter (m²) in Antalya is currently around $800 USD, while in major European cities such as London and Paris it can be 5 times higher. In terms of rental prices, Antalya is also a very attractive option for foreign investors. The average rental price per m² in the city is around $8-12 USD per month. This is lower than many other major cities around the world, making it an attractive option for those looking to invest in property with the intention of renting it out. In the summer season, the rent is much higher.
One of the best places 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 town, but the location is ideal for those seeking a lively and active lifestyle. Other popular areas for property buyers include Konyaaltı and Lara, which are known for their beautiful beaches and high-end properties. Another advantage of buying real estate in Antalya is the growth of the city’s economy.
The tourism industry is a major contributor to the local economy and the city is also home to many large businesses and industries. This means there is a strong demand for rental properties, which can provide steady income for property investors. Compared to other major cities abroad, Antalya offers a more affordable and attractive real estate market. For example, in Miami, the average price per m² is around $3,500, while in Antalya, the price per m² is around $800. Moreover, in Dubai, the average price per m² is around $2,000, while in Antalya, the price per m² is around $800. All in all, Antalya offers an excellent opportunity for foreign property buyers. With relatively low prices, a growing economy and an ideal location, it is an attractive option for those looking to invest in overseas property.
