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This guide includes:
Real Estate in Ankara
Ankara in brief
Region: Central Anatolia
Area: 24,521 km²
Distance from major airports: 30km
Advantages of investing in real estate in Ankara
The capital of Turkey
Ankara being the capital of Turkey, it has an excellent urban organization and a civilized identity. For those who prefer a stable and orderly lifestyle, Ankara is a great city to live.
Moreover, Ankara offers the advantages of an advanced infrastructure of amenities such as communication, transportation, etc.
Another advantage of buying a property and residing in Ankara for a foreigner is that it contains the embassies of various countries, all nearby.
Affordable real estate
Ankara is Turkey’s second largest city, in addition to being its capital. However, houses for sale in Ankara are relatively affordable, especially compared to those in Istanbul. In fact, rents and property prices in Ankara are usually almost half of what they are in Istanbul. Moreover, there are many hidden gems of architecture in Ankara, especially in the city center, Cankaya.
Low cost of living
Ankara offers a considerably lower cost of living compared to European cities and Istanbul. Despite the low cost of living, the quality of life in Ankara is considerably high.
The average monthly expenditure of a single person in Ankara is around ₺7,000, which turns out to be around ½ 14 cheaper than in Istanbul.
Convenient public transportation
Ankara has a very convenient public transport network. You can get around Ankara effortlessly using the metro, bus and dolmus. The only downside of Ankara’s transport system is that to get to some places you have to go to Kızılay first and take another form of public transport from there to your destination.
Excellent location for traveling
Since the city is located in the middle of the Central Anatolia region, Ankara allows you to easily travel to most parts of Turkey. Ankara is also a great place to travel abroad. This is one of the main reasons why international investors look for houses for sale in Ankara Turkey.
The brightest advantage of buying property in Ankara is, of course, the fact that if you buy a house worth at least $400,000, you can become eligible to apply for citizenship by investment through the Golden Visa program.
Buying property in Ankara is a great investment that will provide you with a solid return in case you need to rent or sell it in the future. In addition, the city has been undergoing an urban transformation for some time. Therefore, buying real estate in Ankara is a promising investment.
Best neighborhoods in Ankara
Ankara has 25 districts including those on the outskirts. All of these areas offer different qualities. Let’s take a look at some of the best neighborhoods in Ankara:
Located in the heart of the city, Cankaya is the economic, administrative and cultural center of Ankara. Virtually all events take place in this district.
Cankaya is home to the Grand National Assembly of Turkey, embassies, ministries and some of the best universities and hospitals in the country.
The neighborhoods that stand out the most in this area are Ayranci, Kizilay, Oran and Bahcelievler.
The area is renowned for its natural beauty and offers a slower pace of life despite its proximity to the center. Home to Eymir and Mogan Lakes and Beynam Ataturk Forest, Golbasi is the incredibly tranquil neighborhood that it is.
There are many luxurious projects that offer comfortable high-end houses and apartments in Golbasi.
Oran is a neighborhood right next to Cankaya and has an excellent infrastructure in terms of social amenities. There are many schools, hospitals, banks and other facilities that will allow you to lead an effortless life without getting stuck in traffic for such needs. However, due to the comfort it provides, accommodation in Oran is not very cheap.
As the second largest district of Ankara, Kecioren offers affordable properties and a low cost of living in an ideal location, close to the city center. This economic district of the capital continues to develop and expand. Thus, its new residential areas allow small investors to buy spacious, new and functional apartments at fair prices.
Cayyolu is a beautiful neighborhood further from the city center. With its peaceful residential neighborhoods, green parks, playgrounds, shopping malls, restaurants and bars, and many other social amenities, Cayyolu allows its residents to live happily and socially without having to travel frequently to the downtown.
Yenimahalle is another growing neighborhood in Ankara. There is always greenery and tranquility despite the abundance of complexes, apartment buildings and other properties. The area offers excessive social amenities such as public institutions and shopping malls.
Yenimahalle is also home to one of the best recreation areas in the city called Atatürk Orman Ciftliği. Moreover, the district also contains OSTIM, which is the industrial center of Ankara.
How to find houses for sale in Ankara Turkey
Houses for sale in Ankara are usually listed online on real estate websites by landlords or real estate agents. You can check all of these websites online or walk into a real estate agency after choosing your neighborhood. When choosing the neighborhood, you may want to consider aspects such as its tranquility, whether or not it is suitable for a family, its proximity to schools, hospitals, public transport, etc.
Another way to find apartments for sale in Ankara is to go apartment hunting, wander around the streets of your chosen neighborhood and look for “For Sale” signs.
Although there are houses for sale in Turkey listed online by owner, it is in your best interest to hire a real estate agent to avoid scams.
Steps to buy property for sale in Ankara
Buying property in Ankara is quite easy. Here are the steps to buy houses for sale in Ankara:
- Do thorough research beforehand
- Plan your budget well
- Search real estate for sale online in Ankara
- Fly to Ankara
- Obtain viewing appointments for the houses that interest you
- To negotiate
- Pay the required deposit
- Read the contract carefully and sign it
- Obtain a tax number and the expert report
- Opening a bank account
- Obtaining the title deed
And There you go! You are now a home owner in Turkey. Working with a realtor will make this effortless process even easier, and you’ll be living in your dream home in no time.
Talk to a real estate professional in Ankara, Turkey
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Property Prices in Ankara Turkey
Real estate prices in Ankara vary depending on the type, location and size of the property. However, according to September 2022 data, the average price per square meter of property for sale in Ankara in the city center is $760 while it is $520 outside the center.
What to do in Ankara
Ankara generally looks like a boring place to many people, but that’s a misconception! First of all, making friends is very easy in Ankara. The people are very friendly and sincere. Therefore, becoming friendly is the first activity you can do in Ankara, and the rest will follow.
Find below some activities you can do in Ankara:
- Stroll through the old town of Ulus
- See Ankara Castle
- Visit to the Ethnography Museum
- Enjoy food and drink at countless bars and restaurants
- While eating give
- Travel on weekends
- Spend time in Ankara’s beautiful parks such as Segmenler
- Go to malls
- Visit to art galleries
- Climb to the top of Atakule for a panoramic view of the city
Real estate in Ankara: the summary
Ankara is a city that offers a comfortable and organized lifestyle, a high standard of living for a low cost, many job opportunities in public and private facilities and other sectors, as well as an excellent opportunity for investment in real estate. Not to mention that you will become eligible to apply for Turkish citizenship when you make this investment.
Get in touch with our professionals at Get Golden Visa and start the journey that leads to your new life in your dream house in Ankara.