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Anyone interested in Turkish real estate investment will be delighted to learn that property prices in Bursa are surprisingly affordable. Even though the region is close to the bustling Istanbul city, which is the most expensive place to live in Turkey, Bursa’s late entrance into modernizing its real estate market has kept house prices low and offer future buyers much potential for capital appreciation.
Bursa has emerged from one of the lesser talked about regions to become the third most popular place for foreigners to buy houses in Turkey. The numerous reasons for its popularity also look to cement its future housing market for decades to come.
They include a lucrative exchange rate, when foreigners convert their currency into Turkish lira, low prices per square meter, new build and off plan project developments of villas and apartments in Bursa. Turkey’s citizenship by investment scheme has also proved its worth, as investors gain the rights to live and work after just investing 250.000 USD in Turkey’s real estate market.
As an economic hub, the region proves its worth when people want to live and work in the region, but that is not its main selling point. In the year-round tourist destination, there is a lot to see and do in the area, from skiing on Uludag mountain in winter to exploring the city’s UNESCO world heritage sites. Indeed, the vast diversity attracts many foreign house buyers, but especially Middle-Eastern nationalities who find many similarities in culture, food, and history.
Osmangazi and Demirtas neighborhoods are leading the way in sold houses, with many buyers attracted by the lake, and green landscape views. Proving popular with buyers who want a holiday home and somewhere to spend the summer, the natural pace of living provides a perfect way to relax and de-stress.
Two factors affect housing prices in Bursa. Location plays a large part, and in neighborhoods closer to the city center, buyers can expect to pay a higher price per square meter. Budget buyers would do well to look at the Mudanya, Nilufer and Osmangazi regions.
Alternatively, luxury home buyers adore the real estate market and often buy penthouse apartments and large villas with private swimming pools and landscaped gardens.
If you are interested in the house pricing index and the real estate market in Bursa, contact us today. As a leading international real estate agent, we have helped thousands of people to buy apartments and villas in many regions of Turkey. Also, browse our portfolio of houses in Bursa that includes listings currently for sale.
Each listing shows floor plans where applicable, photos, home and location details. Use the request more details button or call us to find out more about that home. Alternatively, if you already in the region or plan to travel there to invest in real estate, speak with a sales representative to arrange a date and time for viewing property in Bursa.
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