Investing in Izmir: Turkey's Undervalued Real Estate Gem

Investing in Izmir: Turkey's Undervalued Real Estate Gem


Article title: Investing in Izmir: Turkey's Undervalued Real Estate Gem

Content length: 1793

Number of h2 tags: 6

Making a Real Estate Investment in Izmir? A Value Play within Turkey

Why invest in Izmir real estate

  • Izmir is a large, diversified city with a growing economy, not heavily dependent on tourism
  • It offers much better value compared to Istanbul or Antalya
  • Few foreign buyers so far, providing an opportunity for value
  • Well-connected with a new airport and frequent flights to Istanbul

Potential Downsides

  • Earthquake risk, though new buildings follow strict regulations
  • Turkey's economic and geopolitical challenges

The Izmir Housing Market

  • Prices per sq.m. are about 40% lower than Istanbul
  • Cash transactions are common, with some prices indexed to USD

Promising Neighborhoods for Investment

  • Karşıyaka: Pleasant area with higher-income residents
  • Alsancak: Lively center, good for short-term rentals
  • Karatas/Konak: Reasonable prices, good connectivity
  • Bayrakli: Offers sea views at reasonable prices
  • Narlidere and Balcova: Expanding, quiet, premium areas

Example Investment

  • 70 sq.m. apartment in Karatas
  • Purchase price: $130,000 all-in
  • Potential net rental yield: 5%

Who is this right for?

  • Those seeking Turkish real estate investment at better value than Istanbul or Antalya
  • Investors interested in the Turkish Citizenship by Investment program

  • Budget-Friendly Digital Nomad Hubs for 2025

    Budget-Friendly Digital Nomad Hubs for 2025

    Discover 15 budget-friendly **digital nomad hubs** for 2025 where you can live on under $1,000/month. Explore affordable destinations in Southeast Asia, Eastern Europe, Latin America, and more.

    Budget-Friendly Digital Nomad Hubs for 2025

    Discover 15 budget-friendly **digital nomad hubs** for 2025 where you can live on under $1,000/month. Explore affordable destinations in Southeast Asia, Eastern Europe, Latin America, and more.

  • Travel Tuesday 2024: Scoring Incredible Deals

    Travel Tuesday 2024: Scoring Incredible Deals

    Discover incredible travel deals on Travel Tuesday 2024 with this comprehensive guide. Learn about airfare discounts, accommodation offers, and expert booking tips to maximize your savings.

    Travel Tuesday 2024: Scoring Incredible Deals

    Discover incredible travel deals on Travel Tuesday 2024 with this comprehensive guide. Learn about airfare discounts, accommodation offers, and expert booking tips to maximize your savings.

  • Underrated Digital Nomad Hubs: Discover Hidden Gems for Remote Work

    Underrated Digital Nomad Hubs: Discover Hidden Gems for Remote Work

    Discover underrated digital nomad hubs with affordable living, reliable connectivity, and vibrant local culture - the ultimate guide to remote work beyond the beaten path.

    Underrated Digital Nomad Hubs: Discover Hidden Gems for Remote Work

    Discover underrated digital nomad hubs with affordable living, reliable connectivity, and vibrant local culture - the ultimate guide to remote work beyond the beaten path.

  • 15 Affordable Digital Nomad Hubs for 2025

    15 Affordable Digital Nomad Hubs for 2025

    Discover 15 budget-friendly digital nomad hubs for 2025 where you can live and work abroad for under $1,000 per month. Explore affordable destinations with reliable infrastructure and vibrant expat communities.

    15 Affordable Digital Nomad Hubs for 2025

    Discover 15 budget-friendly digital nomad hubs for 2025 where you can live and work abroad for under $1,000 per month. Explore affordable destinations with reliable infrastructure and vibrant expat communities.

1 of 4