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Izmir is a vast city in the west of Turkey, a modern city that has become quite westernised and modern over recent years.
The province of Izmir is home to some very popular and very elite holiday destinations, with many affluent Turkish citizens owning luxury secondary homes for their summer vacations. Many of Izmir's city dwellers have also up shipped and moved away from the centre of the city preferring to live in a natural green area, providing a healthy lifestyle for their families and taking the short commute to the city for work every day.
Central areas of Izmir can be very built up with quite high rise blocks, with new modern suburbs being located in the outskirts of the city, such as desirable Bornova with its huge shopping mall hosting famous international stores, cinemas and other leisure facilities. Bornova also host some excellent educational facilities from kindergarten through to university level with the huge Ege University being located in Bornova, and also some excellent medical institutions, all making Bornova and excellent area to live all year and an ideal area for property investment.
Kusadasi - located approximately 109km south of the city and is popular with both Turkish and many international tourists. Having many large 5* hotel complexes with excellent facilities, Kusadasi has seen a recent surge in overseas property buyers and development of private homes is growing at a fast rate putting Kusadasi back in the map for real estate investment.
Cesme - probably the most elite area, sitting approximately 85km west of Izmir on a peninsula, full of history with its 15th-century castle perched on a hill dominating the town. Cesme is popular for its popular beaches with clear warm waters and its cooling breeze that takes the edge off the heat of the summer temperatures. Buying a property in Cesme will undoubtedly give you huge rewards in the future both with rental yields being very high and the capital appreciation will almost certainly be excellent.
Alacati - the little know town is located quite close to Cesme, 70km from Izmir, near the tip of the Cesme peninsula. An up-and-coming holiday destination and a surfer’s paradise, with its warm, shallow waters and cooling sea breezes, excellent for beginners, with many surfing schools opening in the area too. Property in Alacati has always been focused on traditional stone houses with pretty wooden window shutters and brightly coloured wooden doors. Many of these beautiful houses have now been purchased and successfully renovated to their former glory making excellent holiday homes. In recent years, the area has seen some development of new houses with designs sticking to the traditional style with stonework and wooden features.
Prices of Real Estate in Izmir
If you are looking to buy property in Izmir, Turkey, then first you must decide on your budget, before choosing the area in which you wish to purchase, as prices for property in Izmir varies hugely with each area, with Cesme and Alacati commanding the higher price tags, whilst Kusadasi property can be picked up at bargain prices in some established areas. Central areas of Izmir also have a mix of prices with modern luxury properties again commanding the higher prices.
Accommodation for sale in Izmir offers investors excellent rental yields in most areas, with luxury seaside homes in Alacati, Cesme and Kusadasi earning the highest rental incomes, and central areas offering year round incomes being more suited for everyday living, thought this also fits for some properties for sale in Cesme and Kusadasi too as these two area also have excellent every day amenities.
Izmir property for sale also offers excellent capital appreciation, especially in Cesme and Alacati being very desirable areas where prices are continually rising to meet demand from discerning tourists looking for quality luxury holiday accommodation in Izmir, Turkey
All of these areas and others within the Izmir province are proving to be real estate hotspots with both Turkish and overseas buyers snapping up Izmir property for sale, either for permanent living or investment purposes.