The Cheapest Real Estate in Türkiye 2023

08/02/2024 Investment in Turkey 1199

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The cheapest real estate in Turkey 2023 has become clearly and intensely searched for on online search platforms and social media, and the reason is due to the rise in a large segment of real estate in Turkey in most of its central regions and cities, which has led to people with limited income searching for this type of real estate. This type of real estate is the only option for this segment of customers, and it is normal because they are at the beginning of their investment path by purchasing a property in Turkey , which is developed in Turkey through leasing and reselling it after the value increases, and from here real estate investment in Turkey has become successful, profitable and rewarding. .

What will we talk about today in our article? We will talk about the cheapest real estate in Turkey 2023 through several main points, which are first defining where these cheap properties are and are located in Turkey in general, and we will determine their types and shapes, and after that we will move to the most important cheap areas, real estate located in some of the main cities that people come to. From all sides.
Damas Turk Real Estate, as always, in its articles, provides you with all the information, advice, statistics, and numbers it has, and this is in order for you to have sufficient knowledge when you decide to buy a property in Turkey , and this knowledge, in turn, is translated into achieving the greatest possible degree of compatibility of the allocated budget with The property that is suitable for you and the purpose for which it was purchased. Let us now delve into our article and learn about all this.

The most important and latest real estate projectsApartments for sale in Istanbul

The cheapest real estate prices in Turkey 2023?

It is necessary to take a general look at the prices in the cities and regions before embarking on the search for apartments for sale in Turkey , in order to know the appropriate place and location for the budget allocated for the purchase. Otherwise, we will not be able to coordinate the budget with the offers, and we may also be surprised at the rise in real estate prices in Turkey due to a wrong vision that may occur. There were cheap prices in a specific area, what does that mean?

For example, there are many customers who want to buy a property with a sea view, but the type of sea views in Turkey is different. It may be a direct sea view directly in front of the sea, or partial, or even a view from the balcony of one of the projects 2 km away. Here the mistake occurs and the customer thinks that Prices for direct sea views are the same as those 2 km away! We will also mention to you the classification of the cheapest properties in Turkey and the prices gradually across three elements:

In first place: states and major tourist cities

Real estate prices are always high in tourist cities, of course, in light of the presence of tourist attractions and others, and also because of the great demand for buying apartments there. Therefore, we see that purchasing in tourist cities is certainly possible, but not in the main centers there, but rather in the outskirts to obtain discounted prices. somewhat.

The most important tourist cities in Turkey are the cities of “Istanbul, Antalya, Bursa, Yalova, Bodrum, Izmir…”, which are where the most famous tourist attractions are concentrated! What do you mean by that? By this we mean that there are certainly other tourist places in the smaller cities of Turkey, but they are less well-known and not as highlighted as in those larger cities.

In second place: cities that foreigners desire for housing, residence and investment

The most important and latest real estate projectsBuying an apartment in Türkiye

Foreigners, and Arabs in particular, have concentrated in distinctive cities that have beautiful and attractive features as well. These cities have become very popular and the prices in them are average and above that, but they are certainly a distinctive choice for buying apartments in Turkey . The most prominent of these cities are Trabzon, Istanbul, Bursa, Izmir, and Mersin. And Gaziantep.

When choosing these cities in order to buy a property in Turkey or search for apartments for sale in Turkey , we see prices different from what they are in secondary cities, where the presence of Arabs and foreigners in general is weak, but certainly in those cities we may find cheap areas that are unknown and not highlighted. after.

In third place: internal cities in Türkiye

These cities in Turkey mean cities with few tourist attractions, or cities with a small population, which are many. The prices in these cities are considered the average prices in Turkey and also the lowest. This means that the cheapest prices in Turkey are found in these cities, such as Ankara, Adana, Konya and Eski. Famous and…

Certainly, this does not diminish the importance of these cities or do not promote them as being unsuitable for housing or investment, but they are the least likely to have foreigners come to them, for example, or the cheapest price for real estate there in Turkey, and some take advantage of these points to obtain an apartment or property in Turkey in these cities specifically.

What are the types of cheapest real estate in Türkiye 2023?

The types of cheapest real estate in Turkey, if we can separate them, will lead to four main types. These types are the most requested by clients with a limited budget, but they are good and suitable options for them, and we will start them with you with studio apartments in Turkey .

The most important and latest real estate projectsBuying a property in Türkiye

First: studio apartments in Türkiye

This type is the cheapest if you want to buy within Turkish complexes, which are studio apartments in Turkey. 90% of these apartments are in complexes, not in residential buildings, because they are very small. The maximum area of an apartment of this type is 50 square meters.

Studio apartments are an option for people who come to Turkey on a temporary basis for their related work in Turkey, and certainly without the family. As for prices, they are the lowest in terms of all other types of apartments in Turkey. They are a purely investment option and investors exploit them to buy several properties. In order to rent it and benefit from its annual returns.

Second: Used real estate for sale in Türkiye (resale apartments in Türkiye)

Used properties are those that have been built for many years, starting from five years up to forty and fifty years! Yes, there are apartments whose age exceeds this number in historical and archaeological areas, such as the Fatih and Sultan Eyup areas in Istanbul, for example. Residential apartments exist in residential complexes and buildings as well, and not only in buildings as is commonly known.

Therefore, old used apartments are considered used and have been used for many years, but they may be in strategic and central areas in Istanbul, and they may have sea views, and they may also be apartments in luxurious projects with high-end services, so this does not mean that the old residential apartments are what have been consumed. Time and drink, as it is said about in Turkish circles.

The most important and latest real estate projectsApartments for sale in Türkiye

Third: Old Turkish real estate and independent houses for sale

What we mean by these houses are independent houses on their own in areas far from the cities. These houses are usually cheaper than what is found in city centers. The age of these houses exceeds thirty years or more, and they are usually connected to a garden or agricultural land.

This option is good for those who love nature and living in it, especially since many Arab communities desire these styles to obtain comfort and tranquility on the one hand, with the simple living that we Arabs love on the other hand. As for their prices, they may reach half of what is offered in apartment prices. In city centers.

Finally: Apartments for sale in Türkiye in installments

One of the most attractive factors for buying real estate in Turkey is apartments for sale in Turkey in installments, and this is rare in most countries of the world, especially in light of the advantages that Turkey enjoys, and Istanbul in particular is a city that enjoys a huge number of advantages, most of which we mentioned previously in previous articles.

Apartments for sale in Turkey in installments are exclusively in projects and complexes that are still under construction, as the construction companies that own these projects provide easy payment plans for customers who want to buy in them, and for those who cannot pay the value of the apartment in full in one payment.

Let us now get to know the most prominent cheap areas in the heart of major cities

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First: the regions of Istanbul

Esenyurt area

Real estate investment in Esenyurt was available even to middle-income people. How can that be? Yes, in light of the reasonable and cheap prices in Esenyurt, those who have a limited budget can invest in real estate in Esenyurt as well! The result is obtaining distinctive investment returns that exceeded half the value of real estate in some neighborhoods, and this is what reinforced the increase in complexes in these Esenyurt areas , which have proven themselves among other areas of Istanbul .

The average price per square meter in Esenyurt currently is still reasonable and has reached the threshold of 14,000 TL, which is a very logical number. That is, the average price of the property corresponds to one and a half million Turkish liras, and its equivalent in dollars is about 80 thousand dollars. Of course, this is in the places that we have specified below. Previously and based on it, as we mentioned in the previous paragraphs.

Silivri area

Silivri owns mini-complexes that include villas and apartments that are more suitable for entertainment and recreation than being residential. These are distinct options for those who wish to invest in real estate and rent to these segments that come to the region. Therefore, we at Damas Turk Real Estate currently advise taking advantage of the opportunities in order to gain the greatest amount of... Investment returns before it's too late.

The most important and latest real estate projectsVillas for sale in Türkiye

Let us now tell you about the average price per square meter of apartments for sale in Silivri, which is currently estimated at 15,882 TL. This area is the last area on the European side of Istanbul, and the price of apartments in it is estimated at about 2 million Turkish liras according to official figures, which are very reasonable prices, i.e. about 100 thousand US dollars.

Ghazi Osman Pasha area

The Ghazi Osmanpasa area is considered residential rather than investment. It has many lively and entertainment centers and is one of the attractions that encourages living in it to some extent. Real estate prices there are reasonable and it has many huge and distinctive projects, especially in recent times.

Currently, the average price per square meter in Gaziosmanpasa is still reasonable and has reached the threshold of 17,647 TL, which is a very logical number, meaning the average price of the property corresponds to two million Turkish liras, and its equivalent in dollars is about 100 thousand dollars, and we note that this area extends to several Metro lines are easy to reach and also to the city center in Istanbul.

Tuzla region

Real estate investment in the Tuzla region is a distinctive and good investment, as it is one of the vital areas in the city of Istanbul, and therefore many lovers of living in lively and busy areas flock to it, and as we mentioned, it also has a beautiful coast on the Sea of Marmara that increases the value of real estate there to a great extent, and this It allows obtaining investment returns, even in the long term.

The average price per square meter in Tuzla currently is still reasonable and has reached the threshold of 21,384 TL, which is a very logical number. That is, the average price of the property corresponds to two and a half million Turkish liras, and its equivalent in dollars is about 130 thousand dollars. We return and confirm that based on the figures that we presented. For apartments at the beginning of the article.

The most important and latest real estate projectsReal estate for sale in Türkiye

Second: Antalya regions

Ilmali district

A distinctive area for nature lovers with agriculture and orchards, as it includes many villas accompanied by countless kilometers full of various apple trees, so it is an opportunity for agricultural investment in Turkey, where land is purchased with a villa, and the most important thing is to obtain incentives from the Turkish government to encourage this. Finally, the cheap prices in the region compared to the centers of Antalya. As for the average prices in the region, as shown in the following table:

The average price per square meter in Ilmali is currently estimated at 12,000 TL, which is a very logical number, meaning the average price of the property corresponds to one and a quarter million Turkish liras, and its equivalent in dollars is about 60 thousand dollars, and it is a good option for those who want to live and settle in Antalya, Turkey.

Finica area

Real estate in the Finica area is simple, rural homes. As for residential complexes and buildings, they are rare in that area, but they are characterized by cheap prices for their real estate, like the area we mentioned previously, “the apple area.” Therefore, whoever desires this type of rural homes, this area is the choice. Better yet, let's take a look at their average prices:

The most important and latest real estate projectsHouse prices in Türkiye

Reasonable prices mean the price per square meter is estimated at approximately 18,000 TL, which is a special price in the city of Antalya, which as we know, prices there jumped sharply after the Russians and Ukrainians came to it, and the price of apartments there is estimated at about 2 million Turkish liras according to official figures, and these are very reasonable prices. That is about 100 thousand US dollars.

Gomlja area

Real estate in the Gumlica area is good and distinctive for those who love housing among the middle classes in Turkey, as there are no exaggerated prices, nor very low prices. This area is a place for family housing, and it is distinguished by being one of the areas that have the most swimming beaches on its coasts, so housing and recreation in this area Yes, let's get to know the average prices there:

Now we will learn about the average price per square meter in Qomlca, which is still reasonable and has reached the threshold of 16,629 TL, which is a very logical number. That is, the average price of the property corresponds to two and a half million Turkish liras, and its equivalent in dollars is about 120 thousand dollars, and Qomlca is one of the distinguished areas in Antalya is touristic and residential as well.

Korkuteli district

Real estate in the Korkuteli area is cheap, distinctive, and suitable for families with limited income. Many citizens of countries suffering from conflicts in their countries have come there. They had a choice and a refuge commensurate with their savings and income. Therefore, it is an opportunity to invest and rent apartments for these families as well. Let us learn about... Average prices:

The average price per square meter in Korkuteli is currently considered very reasonable and has reached the threshold of 11,074 TL, which is a very cheap and reasonable number compared to the prices per square meter found in most cities of Antalya. That is, the average price of the property corresponds to only one million Turkish liras, and its equivalent in dollars is about 55 thousand dollars!

The most important and latest real estate projectsApartment prices in Istanbul

Third: Bursa areas

Gemlik region

This beautiful area combines a group of advantages and many components that have made it an acceptable place to live, with its distinctive sea beach and beautiful sea views. In general, through our research in the Turkish real estate market, we can classify the area’s real estate as cheap compared to its neighboring areas. .

The average price per square meter in Gemlik is currently considered very cheap, as it is estimated at 9,500 TL, which is a very logical number. That is, the average price of the property corresponds to one million Turkish liras, and its equivalent in dollars is only about 55 thousand dollars. Let us help you in obtaining a property for sale in this area. Region.

Gursu area

Real estate in this region is somewhat in medium demand by the Arab and foreign sectors in Turkey, and the reason is due to the weakness in the presence of construction in the region, which created a kind of stagnation in real estate investment there. As for agricultural lands, they are many and a distinct option in terms of purchasing lands and exploiting them in Crops that the region is famous for.

All of these reasons led to cheap real estate in Turkey. The sources relied on the average price per square meter to be 9,450 TL, which is a very cheap price. The average price of real estate in Turkey is generally estimated at about one million Turkish liras, which corresponds to about 55 thousand dollars on the dollar.

The most important and latest real estate projectsApartment prices in Türkiye

Yildirim area

There can be a wide range of residential, commercial and private properties in the Yildirim area, such as apartments, villas and shops, but when searching for a property in the Yildirim area, there can be many factors affecting the price and location, such as the type of property, area, location, available facilities and facade. Foreign Affairs and others. If you want to own a property in this area, all you have to do is contact us directly through the available means of communication.

Currently, the average price per square meter in Yildirim is still reasonable, even though it is on average in the city of Bursa, and has reached the threshold of 10,300 TL, which is a very reasonable number, meaning the average price of the property corresponds to one and a half million Turkish liras, and its equivalent in dollars is about 65 thousand dollars, and we note This area is considered in the heart of the beautiful city of Bursa and one of its central areas.

Kestel area

Real estate in this region rose from scratch until it became a destination and a primary choice for foreigners and even residents of Bursa. What are the reasons? In fact, the municipality of this region had a great impact on this uprising, as for ten years and more it has paid great attention to infrastructure, building public facilities, creating new roads, and even creating new cities. All of this led to an increase in the value of real estate and construction in the real estate market in Kestel, and made... It is a distinctive choice for investment and stability in one hand.

The average price per square meter in Kestel is estimated at 10,000 TL, which is a very logical number. That is, the average price of the property corresponds to one and a half million Turkish liras, and its equivalent in dollars is about 70 thousand dollars. We return and confirm that based on the figures that we presented for apartments at the beginning of the article, It cannot be printed on all properties in Turkey.

The most important and latest real estate projectsReal estate prices in Türkiye

Fourth: Kocaeli regions

Izmit region

Real estate in the Izmit region has increased in value, prices have risen, and demand for it has increased over the past years, for many reasons, the most prominent of which are:

A real estate boom after the construction of the Sultan Osman Ghazi Bridge, which enhanced ease of access to the area.

The industrial market in the region is considered a great incentive for buying, investing and renting real estate.

The establishment of Cengiz Tobel Airport also led to an increase in the value of real estate in the region

Several highways and infrastructure developments have increased the value of the area.

The most important and latest real estate projectsInvesting in Türkiye

The average price per square meter in Izmit is considered very reasonable in light of the components that the region possesses, as we mentioned earlier, and it has reached the threshold of 11,000 TL, which is a very logical number, meaning the average price of the property corresponds to one and a half million Turkish liras, and its equivalent in dollars is about 80 thousand dollars. It is a very beautiful area and is considered one of the tourist places in the city.

Gebze area

Real estate investment options in the Gebze region are distinctive and have their weight among the Kocaeli regions, and the most important points that are unique to them are:

Proximity to the economic city of Türkiye, Istanbul.

The presence of a strong infrastructure, especially in the world of rapid transportation.

The presence of many job opportunities and large factories.

The most important and latest real estate projectsVillas for sale in Istanbul

The presence of the Sea of Marmara in the south of the region with a coastline that is amazing in its beauty.

A terrible construction development, especially in recent times.

Let us now tell you about the average price per square meter of apartments for sale in Gebze, Turkey, which is currently estimated at 12,000 TL. This area is the last area in Kocaeli on the European side of Istanbul, and the price of apartments in it is estimated at about one and a half million Turkish liras according to official figures, which are prices. Very reasonable, about 80 thousand US dollars.

Kartepe area

The prices per square meter in Gaziosmanpasa are reasonable and have reached the threshold of 12,000 TL, which is a very cheap number in light of what this region certainly characterizes, that is, the average price of the property corresponds to one and a half million Turkish liras, and its equivalent in dollars is about 80 thousand dollars. We note that this area contains the famous Kartepe Mountain, known for its snow and snow games in the winter.

Chai Rufa area

The Çayrufa area has the solid infrastructure needed to construct medium-rise residential buildings, and the real estate there has distinctive components that most properties in its neighboring areas do not possess. The most important thing is the centrality of this region and its location near the city of Istanbul, and the presence of all means and facilities suitable for living and stability.

The average price per square meter in Çayrufa currently is also still reasonable and has reached the threshold of 11,300 TL, which is a very logical number. That is, the average price of the property corresponds to one and a half million Turkish liras, and its equivalent in dollars is about 75 thousand dollars. We return and confirm in conclusion that these prices It was built based on the shapes we presented for apartments at the beginning of the article, and it cannot be generalized to all of them.

Conclusion

The cheapest real estate prices in Turkey 2023. We have summarized them for you in this expanded article, which directly specifies where they are located in Turkey, in order to make it easier for you to purchase and choose the right places. It is necessary to know all these aspects in order to avoid clashing with the prices in Turkey that exceed half a million dollars. Yes...so the right choice begins after knowing what we mentioned to you in this article. Contact us, Damas Turk, to take your hand and help you buy a cheap property in Turkey