Comparison between Property Prices of Istanbul and Antalya
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Deciding Turkey as the country where you will make a real estate investment is the right decision, as the property prices rise by an average of 18% per year in Turkey. But the tricking question is to decide which the best city for real estate investment Istanbul is or Antalya? Are you looking to invest in 2019, and also get confused? Let’s find out the answer by comparing the details, property prices and investment potential of properties in Antalya and Istanbul.
Property Investments in Istanbul
Istanbul is the biggest city of Turkey, and from the last many years, it is attracting foreign property purchaser from all across the world. The city has become of the most favorite choice for property in Turkey. Not only for potential and handsome rental income, but buyers also make the investment in the city for Turkish Citizenship.
Attractive tourist city, massive improvements in infrastructure, undergoing renovations, high potential and availability of multiple options has made it a top choice of investors in Turkey. The potential for Istanbul is the same as Paris, Singapore, New York, and London. It is an address that will make your fortune with property investments.
Property Investments in Antalya
It is the second most favorite tourist destination. It a place where the demand for property never ends as its history, entertainment, cuisine, a relaxed expat lifestyle has made Antalya, the best place to buy and own property. The city has a cosmopolitan atmosphere with Russians, Britons, and Germans that is fabulously mingling with locals. Foreigner attracts to invest in Antalya for many reasons, and one on the top is its local airport. It’s surrounding areas such as Kemer, Kalkan, Kas, and Belek offers the best investment potential and best opportunities to buy the property.
Comparison of Property Prices
Both cities Istanbul and Antalya are attractive and offers multiple options for investment in them. But here we will compare the latest property prices and details so that we can find out the best option to buy property in Turkey.
Apartment Prices in Istanbul & Antalya
The price of an apartment in Istanbul is high as a comparison to Antalya. The price per square meter to buy an apartment in the city center is 8,344.09 TL. However, the same category of the apartment in Antalya is available at the price of 3,285.71 TL.
If you are interested in buying the apartment outside city centers than per square meter price will be 4,274.76 TL in Istanbul and 2,407.48 TL in Antalya. So here the difference in the prices of apartments in Istanbul and Antalya is +153.95 % and +77.56 % respectively.
Rent Per Month in Istanbul & Antalya
Renting out your property to earn a handsome rental income is one of the attractive options in tourist cities like Istanbul and Antalya. But still, there is a big difference in the rental prices of apartments in both cities. If you are a house seeker or an owner of the property, knowing rental prices is important for both. So let’s compare the rent prices of apartments to get the exact difference ratio.
• 1 Bedroom Apartment in City Centers in Istanbul is available at the rent price of 1,863.21 TL and the same apartment in City Centers of Antalya is available at the rent price of 1,047.15 TL.
• One-Bedroom Apartment in Outside of City Centers will cost you 1,107.64 TL per month in Istanbul, and the same apartment in Antalya will cost 724.08 TL per month.
• 3 Bedroom Apartment in City Centers of Istanbul is available at the rental price of 3,652.70 TL, and the rental price of 3 Bedroom Apartment in the City Centers of Antalya is 1,926.32 TL.
• Same 3 Bedroom Apartment but Outside of City Centers will cost 2,041.67 TL in Istanbul, and the same category apartment in Antalya is available at the rental price of 1,224.10 TL.
• So overall, there is a difference of +89.62 % in the rental prices of apartments in Istanbul and Antalya.
Conclusion: The prices of property as well as the rental rates in Istanbul are higher than the property prices and rental rates of apartments in Antalya. But still, it’s all depends on the demand, needs and on the capital of an investor that which location he finds best for his investment.
If you are looking for details of the latest prices of property in Turkey, just share your queries at Redbox.com. We are available to assist you with the property deals you dream for.
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