Real Estate İzmir

İzmir, a metropolis city in the western part of Turkey

In ancient times the city was called “Smyrna”. These days İzmir is a developed, modern and commercial center with a big bay surrounded by some mountains. The city has the same facilities as Istanbul, meaning there are plenty of modern shopping centers and broad boulevards. There are a lot of historical churches and mosques. The city has a laid-back atmosphere like the Mediterranean part of Europe. İzmir has a strong economic position because of its location and huge industrial Harbor. The industrial port is an import feature of the whole city and has an advantageous location, perfectly suitable for various import and export activities İzmir is a very social dynamic city, with a big variety of different cultures. The city has hosted numerous civilizations and cultures in the past. Because of the perfect location the city has been one of the main Mediterranean cities and hosted the Mediterranean Games in 1971. The city recorded about 4.000 years of urban history. The life in the modern city of İzmir never stops, and the city is popular because among a young population. The reason for this is the modern mindset of the İzmir residents plus the multiple universities which are located here. You can also click here to see more information about İzmir.

İzmir region Travel information:

Climate and Season in İzmir
İzmir’s climate falls under the Mediterranean climate classification due to hot summers and cool, mild winters. Rain can occur from December to March, while sun and beach lovers can enjoy from May to September. The province of İzmir has more than 300 days of sun a year. However, travelers visiting coastal regions such as Foça, Çeşme or Alaçatı should travel between May and October, when the official tourist season begins. During this period, they are guaranteed clean beaches, a wide range of hotels and a wide range of menus in restaurants.

Beaches
İzmir is located next to the Aegean Sea and offers the most beautiful beaches in whole Turkey. Çeşme is famous for its more than 25 white sand beaches and amazing public beaches plus fancy beach clubs. Nearby Çeşme you will find the world famous windsurf spot in Alaçatı. In this area there are some wind/kite surf schools, and yearly competitions are hold here. Given İzmir’s seaside location, the beaches are a focal point of the summer. Property buyers in İzmir are able to choose from more than 50 Blue Flag sandy beaches. Çeşme, Alaçatı, Urla, Foça and Dikili are home to famous beaches where you can rent sun beds and umbrellas. Because the city of İzmir is located nearby the best beaches in Turkey, it is a very popular area to buy property in Turkey. You can also watch these videos for an impression of a nice beach and beach club in this area.

Traveling to İzmir:
Getting to İzmir is quite easy and fast thanks to the railroad, highway, sea and air connections. İzmir Airport (Adnan Menderes – ADB) has frequent flights throughout the year from countries in Europe, the Middle East and Asia, as well as other locations within Turkey. Major railway lines connect it to Ankara, Konya and Balıkşehir, while regional lines carry passengers to neighboring areas such as Manisa, Aydin and Uşak. İzmir is also connected to the rest of Turkey via the D300 and D550 highways, making it easy for car drivers or bus passengers to get here. Otherwise, to reach it by sea, İzmir has six world-class marinas in Çeşme, Alaçatı, Foça and Seferihisar. Most cruise ships dock in Alsancak or the smaller ports of Aliağa and Dikili.

Transportation in İzmir
Locals are often using the regular and cheap ferry services that depart from Uckuyular, Karıyaka, Alsancak, Bostanlı and Pasaport. İzmir is also becoming more a city for bikes, with a 40-kilometer coastal path in the center of the city. If you don’t have one, you are able to rent it by the hour at one of the Numerous Smart Bike System stations (BISIM). Furthermore, it is also possible to rent electric scooters in this area. Otherwise, the Metro includes 17 stations at all major downtown locations, and locals still use the traditional bus system.

Shopping in İzmir
In all districts you can visit weekly farmers’ markets to buy organic fruit and vegetables. It is also possible to visit the biggest bazaars in İzmir called the “Kemeraltı” Bazaar. Furthermore, İzmir has about 20 large shopping malls such as a brand new İstinyePark, Hilltown, Mavibahçe, Optimum and Forum Bornova. For more information regarding shopping malls, you can read our online magazine as well.

İzmir nightlife
İzmir offers something for everyone thanks to an immense variety of facilities. A favorite among locals in the city center are the restaurants located in Kordon seaside specializing in fresh food and seafood, while the Alsancak district is home to great nightclubs and bars with live music. In summer, locals in the smaller and surrounding seaside resorts prefer to dine al fresco by the sea or on rooftop terraces.

Property Prices in the province of İzmir
If you are looking to buy property in İzmir Turkey, you should first set your budget before choosing the area to buy as İzmir property prices vary greatly from region to region and Çeşme plus Alaçatı have the highest Prices. The central areas of İzmir also have a combination of prices and modern luxury. Çeşme properties have the highest rental incomes due to the luxurious image and the facilities Çeşme has to offer.

Real Estate and Property prices in İzmir

İzmir has multiple city centers and a big variety of luxury neighborhoods and lower entry areas with real estate for sale in İzmir. The most luxury apartments in İzmir are located in the city center called “Alsancak”. The financial district of İzmir and most of the offices are located in “Bayraklı”. Property and apartments vary from $ 200.000 to $ 350.000 in the most luxurious area of Alsancak. However, there are plenty of other nice neighborhoods and areas where you can purchase a cheap apartment for a starting price of $ 100.000. In general, most properties build in İzmir are apartment buildings. In other nearby areas, like “Güzelbahçe” villas for sale in İzmir are more common.

Real Estate and Property for Sale in İzmir

İzmir is a large city in western Turkey, a modern city that has become quite westernized and modern in recent years. İzmir Province is home to some very popular and elite holiday destinations with many wealthy Turkish citizens. Some people who lived in İzmir center have moved away from the city center to live in a natural green environment that offers their families a healthy lifestyle, and take a short commute to the city to work every day. Izmir offers excellent capital growth especially in Çeşme and Alaçatı which are highly sought-after areas where prices are constantly rising to meet the demand of wealthy tourists looking for quality luxury holiday accommodation in İzmir. All of these areas in İzmir Province are proving to be real estate hotspots with Turkish and foreign buyers buying property for sale in İzmir either for permanent housing or for investment purposes.

Luxury Real Estate for sale in İzmir 

İzmir and Çeşme are offering a wide variety of luxurious real estate in Turkey. In the historical city center of İzmir, a lot of high-end luxurious apartments and penthouses for sale in İzmir can be found. In the district “Mavisehir” there are some high-rise buildings with state-of-the-art luxury apartments as well as penthouses. Overall, it is quite easy and much more affordable to find luxury real estate in İzmir if we compare with Istanbul. Since Çeşme has a high-quality image, luxury properties are offered everywhere and a property buyer has various districts and designs to choose from.

Areas of İzmir

Konak
Most tourists head straight to Konak, the old part of town with a wealth of attractions and historical sites. You can shop for souvenirs in the nostalgic shopping district of Kemeraltı and visit the Asansör, a former elevator with fantastic panoramic views and rooftop restaurants. Tradition also dictates that you must take a photo in front of the old clock tower.

Karsıyaka
Located east of Bornova, Karsiyaka is also home to the famous Levantine mansions of Izmir. This modern laid-back neighborhood is home to numerous trendy bars and restaurants. One of the hotspots of Karsıyaka is Bostanlı, a very modern neighborhood which is attracting a lot of young people.

Mavişehir
Mavişehir is located just after Karsıyaka and has multiple popular shopping malls including big residential projects with numerous facilities. The high society of İzmir is living here.

Bornova
The central areas of İzmir can be heavily urbanized with high-rise buildings, and modern new suburbs on the outskirts of the city, such as the desirable Bornova with its huge shopping center housing famous international shops, cinemas and other leisure facilities. Bornova is also home to excellent educational facilities from kindergarten to university level with the huge Ege University in Bornova and also excellent medical facilities making Bornova an excellent year-round area and an ideal area for real estate investment.

Urla
Urla is located 30 minutes’ drive from İzmir, and is famous for it green landscape, wineyards, authentic villages and bays, plus amazing real estate for sale in Urla with lush gardens. For more information about Urla, click here.

Çeşme
Çeşme is probably the most elite area, lying about 85 km west of İzmir on a peninsula with a rich history, and its 15th-century castle perched on a hill overlooking the town. Çeşme is known for its popular beaches with clear, water and refreshing breezes that soften the heat of summer temperatures. Buying a property in Çeşme will certainly bring you great benefits in the future as the rental yields will be very high and the capital appreciation will almost certainly be excellent.

Alaçatı
This well-known small town is located very close to Çeşme, 70 km from İzmir, near the tip of Çeşme peninsula. An up-and-coming holiday destination and surfer’s paradise with flat water and refreshing sea breezes, ideal for beginners, with many surf schools also opening in the area. Real estate in Alaçatı has always focused on traditional stone houses with pretty wooden shutters and colorful wooden doors, renovated to their former glory and converted into great holiday homes. In recent years the area has developed some modern style contemporary luxury properties as well.

Dikili
Although unknown on the major foreign tourist routes, Dikili is another longtime favorite of Turks. Another attraction besides the beaches in the North Aegean are the forested green spaces.

Foça
Many Turks have bought retirement homes in Foça due to the calm and relaxed atmosphere. The local landmark is the most famous attraction, but other recommended attractions are the village of Kozbeyli, the Siren’s Rocks and a beautiful long beach. Locals also love it for its wide range of bars, restaurants and cafes.

Aegean Locations in İzmir

Aegean Locations was founded a bit more than 4 years ago. The founder is a native Dutch person and realized there was no professional real estate agency in İzmir which is assisting foreigners with the purchase of an apartment or other property in İzmir. At this moment Aegean Locations has 2 offices located in İzmir and Çeşme. With our “National Association of Realtors” license and other certificates we already assisted thousands of customers with utmost integrity.

 

Frequently Asked Questions regarding Property for Sale in İzmir

Yes, there are many foreign property owners and investors who have bought real estate in different areas in the vast İzmir province, and are getting the benefits of their investment already for years.

Without the right guidance and assistance it can be risky to purchase a property in İzmir. The property purchase procedure works differently in comparison with other countries.

It is certainly possible to find cheap real estate in Izmir; However, there are also some very high prices, with the inner-city suburbs like Bornova being the most likely areas to find cheap property in Izmir.
In general İzmir offers higher capital gains and rental returns as Istanbul or other areas.

Property tax in Izmir is an annual fee that is calculated as 0.2% of the property value for residential homes.

All projects that are built after 2012 in İzmir are conform all safety regulations and have all necessary earthquake certificates in place.

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