The jewel of the Aegean is Izmir. The most western part of the east is also the most eastern part of the west. Homer of Izmir called Izmir “the most beautiful city under the sky.” Aristotle advised Alexander the Great, “You must see it,” and Victor Hugo, who had never been there, composed a poem about it and compared it to a princess. It serves as a doorway to tribes where people of many cultures, lifestyles, and religious convictions have coexisted together for a very long time. The name Izmir is most likely derived from Smyrna, an Amazon queen. Smyrna’s two oldest historical pronunciations are Samorna and Smurna. However, Smyrna was the name of Izmir prior to the Republican era.
During the Byzantine period, Izmir, which was given the designation of “free city” by the empire since it refrained from supporting the revolt against Rome led by Aristonikos, the son of Attalos, the king of Pergamon, during the Roman Empire, became a center for religion. As a result of this characteristic, Izmir was raised to the status of Istanbul’s capital. The Byzantine Emperor Leon designated Izmir as a self-governing city and named the capital of all cities outside of Istanbul as the capital of all cities.
Since the 17th century, Izmir’s development has accelerated. Izmir began to take on the features of a town-like metropolis around 1425, and by the 17th century, it was the Ottoman Empire’s gateway to the West. The growth of Izmir as a port city associated with the West, with productive agricultural grounds in its interior sections, paralleled the West’s ambitions to penetrate Ottoman territory.
Izmir has started to develop as one of the most significant centers of attraction for Western businesses and Levantine family enterprises as their middlemen since this time since it is the only export route for Anatolia’s rich agricultural exports. As a result of this circumstance, Izmir’s look and social makeup have undergone tremendous change, and many civilizations there have learnt how to coexist peacefully. Izmir, which was formerly referred to as “Little Paris” in all Western tourist guides published in the 1800s, has steadily evolved into a city where the Western way of life is increasingly practiced. Izmir has culturally acquired a favorable place among the Eastern Mediterranean port cities thanks to its newspapers that are published in several languages, its cafés that rival any city in Western Europe, its theaters, and its music venues.
What Should Be Considered Before Buying A House In Izmir?
Izmir is one of the cities attracting the interest of international investors, with real estate investments rising on a daily basis. Luxury real estate in practically every district is an excellent investment opportunity. The following are the factors to consider while purchasing a home in Izmir, known as the city of liberties, for individuals who have obtained Turkish citizenship by investing:
Izmir housing costs remain quite high, so buyers have flocked to areas where they may purchase real estate of the same quality at significantly lower rates. To calculate the correct real estate price, you need to get financial performance analysis as well as realistic real estate index data. Mornvest, a luxury real estate business that leads the Izmir real estate market, makes it possible to achieve the proper pricing.
A professional evaluation of the structure’s earthquake resistance should be acquired before purchasing a home in a region with unstable terrain. Buildings constructed prior to 2008 should receive special consideration.
In Imir, the average wait time in traffic is 50 minutes, and this wait time is becoming longer every year. Find out whether the property you wish to buy can be accessed by car, bicycle, or public transportation.
Prepare an appraisal report on the property you have selected, including information on whether it is appropriate for the municipality’s project, the building registration document, the specifics of the title deed, and whether a mortgage or foreclosure decision has been made on the property. You should still obtain an assessment report from an appraisal company even if you are not planning to use a loan.