Turkey
Turkey
Northern Cyprus
Northern Cyprus
Author: Luxury Estate Turkey
Viewed 865 times
03 April 2025
In recent years, Turkey has become a particularly attractive destination for foreigners relocating. But does Turkey remain an affordable alternative to Europe in 2025? Our team analyzed key aspects of everyday expenses and made interesting conclusions about how the situation has changed over time.
At the beginning of the last decade, the Turkish real estate market was exceptionally affordable. In the early 2010s, property prices in Turkey were significantly lower than in Europe. The construction boom led to market expansion, and foreigners actively purchased housing, especially in resort regions.
By 2025, the situation has transformed. Housing costs in Turkey have increased significantly, especially in major cities and coastal areas such as Istanbul and Ankara. But they still remain lower than in European countries like Germany, France, or Spain. In some tourist zones, prices may be comparable. Real estate in Turkey attracts more and more foreign buyers.
The dynamics of Turkey's economic development over the past 15 years have undergone notable changes. In the 2010s, Turkey's economy showed stable growth, and the middle class was strengthening. This attracted foreign investors and contributed to the development of the real estate market and tourism.
The current picture looks different. In 2025, Turkey continues to face inflation and a weakening national currency. Fluctuations in the lira exchange rate affect prices and purchasing power of the population. However, for foreigners whose income is tied to foreign currency, living in Turkey remains profitable. Additionally, the government is taking measures to stabilize the economy and attract investment.
In the past decade, shopping was one of the main attractions for tourists. Turkey was one of the best places for shopping thanks to affordable prices for clothing, especially locally produced. Tourists often came for quality and inexpensive items.
Today's situation reflects global trends. Clothing prices have risen due to inflation and increased production costs. However, local brands still offer goods cheaper than European and American brands. Turkish textiles remain competitive, while markets and outlets offer favorable prices for clothing and footwear.
Turkish cuisine has always been famous for its diversity and affordable prices. Street food and restaurants offered a wide selection of dishes at low prices, and local products were known for quality and low cost.
In 2025, the situation has changed, but not dramatically. Despite inflation, Turkey remains a country with affordable food prices, especially when it comes to locally produced products. However, imported goods, alcohol, and elite restaurants have noticeably become more expensive. Street food is still a budget option, but prices for it have also increased.
Despite all economic changes, Turkey remains one of the most attractive countries for living, despite rising prices. The main advantages are affordable housing, mild climate, favorable conditions for foreigners, and high quality of life. Purchasing real estate in Turkey remains one of the most reliable ways to obtain a residence permit or Turkish Citizenship.
Our company Luxury Estate Turkey has many years of experience working with Russian-speaking clients and offers a full range of services for selecting and purchasing real estate in the most attractive regions of Turkey.
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