Real Estate in Gaziantep Turkey – A short guide to real estate in the “Paris of the East”
Famously called the “Paris of the East,” Gaziantep is the ninth biggest city in Turkey. Gaziantep was formally known as Antep or Aintab. It can be found partly within the Mediterranean region, which is about 185 kilometers away from Adana.
It is also closely located in Aleppo in Syria. Gaziantep can be found on the old site of Antiocha ad Taurum. The city is home to about 2.2 million people. Gaziantep is home to various machine-made carpets and interior décor items. It supports the housing and real estate industry with quality and premium interior home decor items.
The city can also be called Antep, which means Good Spring. This southern Turkish city can be found on the southern slopes that lie along the Taurus ridge. You can also locate the city within forty kilometres towards the western side of the Euphrates River. The city has existed for about 6,000 years. The city is a known exporter of consumer commodities to more than 40 different countries. An airport in the city caters to its airport transport services.
Real estate in Gaziantep Turkey
In Gaziantep, there are hundreds of new residential projects that are being constructed by various developers. The city has been experiencing some rapid growth thanks to commerce and industrial production in the area. There has been a significant acceleration in the construction of various real estate developments.
Due to this, real estate market watchers in the region have predicted a general increase in the area’s property value. This value increase is said to be triggered by the potential demand of property in the location. This means that a good investment in the sector will be to purchase any valuable property from the developers in the city.
Amenities and facilities in Gaziantep
Real estate experts in the region have noted positive feedback about the construction quality of developments in Gaziantep. Many developers have been selling out various properties to interested buyers. The presence of experienced and large-scale developers in the city has led to the presence of premium and highbrow properties in the location.
In the city, it is easy to find well-developed residential and commercial properties that feature well-designed layouts, first-rate amenities, and excellent road networks. When you invest in the local Gaziantep real estate market, you will be able to get a substantial passive income through property resales and rentals.
Opportunities for foreigners
Foreigners can purchase and invest in property in the city from various developers. There are also many opportunities for domestic investors in Gaziantep. Various desirable locations in the city feature prestigious neighouhoods and urban residential areas.
Some of the hottest areas in Gaziantep to buy property
Gaziantep is a city that features a lot of new buildings that are great for investment. The area is a known tourist destination with various high-quality developments. Some of the hottest places to shop for property in Gaziantep are:
The Pancarli district with prices from $200 per square metre.
Batikent with prices from $450 per square metre.
The Osmangazi neighbourhood with prices from $450 per square metre.
Yagdover with prices from $425 per square metre
The Yukaribeylerbeyi neighbourhood with property prices from $300 per square metre.
Attractions in Gaziantep
Some important attractions that can be found in Gaziantep include:
The Liberation mosque which was known formerly as Saint Mary’s Cathedral