Ideal for people looking for a holiday home or a more European city feel.
The pearl of the Aegean, formerly called Smyrna, was known across the centuries as one of the principal cities in Asia Minor.
If you appreciate history, you’ll be awed by the remains of Smyrna’s Agora, the historic Kemeralti Market, or the ancient city of Ephesus.
To this day, Izmir is the third most populated city in Turkey and one of the most dynamic ones.
Its Mediterranean weather with 300 days of sun will make it one of the best places in Turkey to invest in a holiday home.
But if you’re thinking of moving to Izmir permanently, its vibrant economy and city life might make it just as smart a decision.
Although located in Asia, of all Turkish cities, Izmir might be the most European one. Its almost Madrid-like mood and cultural life will make most westerners feel at home.
Infrastructures in Izmir are excellent and driving around is surprisingly easy for such a big city. A short journey from Izmir, Adaman Menderes airport has flights to many world destinations. The Turkish government is also investing heavily in Izmir, with new developments and infrastructure projects under construction.
And how to best enjoy the Mediterranean sun than on some of the finest beaches you’ll find on the Aegean coast, Pirlanta Beach or Ilica Plaji.
Finally, if you aspire to buy to let, the rental incomes in Izmir will be enticing and Izmir’s 8 universities will provide you with plenty of potential tenants.
Real estate prices in Izmir
In a big city like Izmir, you’ll usually find a deal for everyone. As everywhere else in the world prices in Izmir will depend on the location, and the type of property you’re buying.
You’ll find recent apartments for a reasonable price starting at $90,000. If you’re interested in villas, the most affordable ones will start at around $130,000.
Different areas in Izmir
In Izmir itself, you’ll encounter the best waterfront cafes, shops, and restaurants in central neighbourhoods such as Alsancak.
Karsiyaka will be the best choice for families.
A newly built 3 bedroom apartment with modern amenities in that area will sell for $100,000.
For the best beach homes or apartments, look no further than the glamorous Cesme. Traditionally a secondary house spot for rich Izmir residents, it has recently become one of Turkey’s most recognised resorts.
Cesme has connections to Italy and Greece via ferry and is a short motorway drive from the city of Izmir.
In Cesme, you can buy a waterfront penthouse or a modern 4-bedroom 4-bathroom villa for $500,000.
Güzelbahçe, also conveniently close to the city of Izmir via the motorway, is another high-grade alternative. A spacious 3-bedroom, 2-bathroom seafront apartment there will cost you $150,000.
For our full selection of Izmir properties, click here and arrange a tour