Although it is not as big province as Konya or Bursa, not one of the top populated cities of Turkey, and not a big Industrial or commercial city. Yet, Yalova, has big fame as one of the most important touristic destinations in Turkey. Yalova gains this position basically from its location between two of the most significant cities of Turkey “Istanbul and Bursa”, both cities are important industrial, commercial, political and touristic cities. Being almost at the same distance from those two cities adds a big importance to Yalova's unique characteristics as a residential and touristic city. Yalova is known for being a summer vacation destination for both local and foreign tourists who are looking to spend peaceful times enjoying the sun, sea, and city combination. It’s also targeted in the winter by the healthcare tourists for its hot springs and spas. Yalova is also attracting university students to come and study at Yalova University which has built a good reputation since it was established in 2008. Yalova University has been providing education for more than thirteen thousand students recently, and planning to extend its capacity to twenty thousand students in the next three years. Yalova is also contributing to supporting the local grocery market with some seasonal crops grown in its fields.
Apart from the tens of thousands of seasonal tourists and residents, Yalova is the residence for more than 135 thousand people and about 13 thousand students. You can find in Yalova different types of residential units, starting from studio apartments and up to multiple bedroom apartments or villas. Older apartments are available in the city center and the coasts close to it, while villa options are spread around the city and in the surrounding fields and mountains. Properties prices can be more affordable in Yalova than they are in Istanbul or Bursa, and it forms an escape for those who don’t want to live in the crowded cities and yet need to be close to them. A trip in the boat or a drive of 1-2 hours might be an affordable cost for living in a bigger and more comfortable house.
Apartment options in Yalova are more available in the center of the city or by the shore or the beaches like in “Cinarcik” district. However, there have been recently some complexes that are built on the nearby mountains and provide apartment options rather that villa options. These complexes can be considered more as summer houses where you can enjoy the calm and clean mountain atmosphere, and the forests and sea view from the top. Still, you can reach and enjoy the beaches within half an hour. Small apartments like a studio or 1 bedroom, can be an option for short term renting in the high season and would be a good investment when renting for students, especially with the large number of students studying in Yalova and which is expected to grow larger.
Being that much connected with the surrounding nature makes Yalova a perfect place for having a house or villa. options of villas and houses are available almost everywhere in the city and in the neighboring valleys and mountains. Villas in Yalova are available single or in complexes. Villas in the mountains of Yalova are a perfect escape from stress and fast life pace, and an ideal place for people recovering from a health issue, especially when getting benefit from the healing power of hot springs available in “Termal” area.
Living in Yalova could be a privilege by itself, yet, there are many luxurious apartments, villas or shore houses that would multiply this privilege many times. Whether it is a shore house with a boat dock, a top floor duplex with a big terrace, or a spacious villa with a pool in the mountains, every property would have a specialty that would add value and transform your living experience.
Multiple options of commercial properties are available in the city that has a residential theme in general. Shops, Restaurants, cafes, hotels, sports and entertainment clubs, stores and offices are all available in Yalova and each of them represents a possible investment option.
Offices are demanded by many sectors in the city of Yalova. Travel and tourism, real estate, governmental services, and more, all are active sectors in the city. However, shops have more variable demand and usability like restaurants, cafes, grocery markets, banks, fashion stores, and others. According to your investment targets, you can find multiple options of offices or shops that may meet your request.
Farms cover a high percentage of the valleys of Yalova, and are producing multiple crops that are reputable and demanded in the Turkish market. Chili pepper and olives are among the main vegetables and fruits produced in Yalova. Investors who are willing to invest in farming, looking for a farmhouse to use privately, interested in having a land for resell or rebuild later, all can find something interesting in Yalova opportunities.
The real estate sector is connected with all other commercial activities in Yalova city. And while many sectors are witnessing improvement and activity, the touristic characteristics of the city remain in control of the scene. For the short term, renting apartments or shops can be the best option. However, other types of investments like reselling, constructing, or commercial renting, would be good options for the longer term.
We believe in CCT Investments that our success is achieved when we gain the trust of our clients for the long term. As a consulting company, CCT Investments puts its experience in the Turkish real estate market to make sure that its clients are getting the most suitable property that would achieve their investment targets.
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