Find Your Ideal
Home & Investment
Find Your Ideal Home
& Investment
Real Estate
Turkey is a vast country, over three times the size of the UK and some 25% larger than France. Straddling between Europe and Asia, with almost 7,000 kilometres of Mediterranean, Aegean and Black Sea, Turkey is home to a unique mosaic of cultures, diverse landscape and dynamic social make up. If you are looking for property overseas, wish to buy a holiday home in the sun, a place to retire or purely real estate investment in an upwardly mobile country, then no search is complete without having a good look at Turkish real estate for sale.
Where to buy a holiday home in Turkey?
With so many lovely resorts and towns to choose from, it is a task in itself to decide where to buy that special villa in Turkey or that sea view apartment, which will be your new home in Turkey and double up for some rental income. According to statistics published by the Turkish real estate agents association, Antalya, Fethiye, Bodrum and Side are the most popular holiday home destinations in Turkey. Properties in Antalya enjoy the proximity of a bustling seaside city with lovely beaches and excellent golf courses of Belek, whereas Kalkan properties provide some of the most dramatic sea views experienced in the entire Mediterranean, not to mention Kalkan's elegant setting and fine dining. Side holiday homes for sale are ideal for families with children, where shallow waters gently touch sandy shores. Real estate in Bodrum on the other hand is your key to Turkey's most sophisticated resort with plenty of sailing and seafront homes in lovely Yalikavak, Turkbuku or Gumusluk. Then we have sun-soaked Fethiye with most affordable villas and flats for sale in Turkey near the most pictured Oludeniz beach.
Looking to retire overseas - where should you buy your retirement home in Turkey?
When considering a permanent move abroad and buying a property for year round living, there are some important factors to take into account. Proximity of amenities, hospitals, schools and a stable local community are some of the elements one would naturally look at. In our dealings with over 10,000 people from all over the world looking at Turkish real estate with a view to permanent living in Turkey, we find that properties in Fethiye, Bodrum and Antalya (including Side and Kemer) are natural favourites for year round living. They all have excellent climates with over 300 days of sunshine, mild winters and the right level of facilities to sustain year round living.
Where to invest in Turkish real estate?
With an average annual GDP growth in excess of 8% for 2010 - 2012 period, Turkey has posted exceptional economic performance compared to the EU zone and indeed to BRICs (Brazil, Russia, India, China). In 2011 and 2012 Turkey's economic expansion was only second to China. IMF estimates that Turkey will yet again outperform most BRICs countries and certainly the entire Euro zone in 2013 - 2017 period with an average annual expansion of 5%+ projected. Turkish real estate industry is currently one of the major growth sectors within Turkey. With a youth population of over 60% of entire 76 million and increasing wealth in the country, domestic demand for the Turkish real estate industry is fast climbing. Turkish real estate agents association estimates that by year 2015 there will be a shortage of around 2 million quality housing in Turkey just to accommodate domestic demand, this is not even counting the booming tourism sector, 6th most visited country in the world in 2011, which also puts a heavy demand on coastal hotel, villa and apartment projects. In 2011, property market in Turkey grew by some 18% compared to year before. Considering that at the same period Greece, Spain and Portugal came close to announcing bankruptcy underlines the viability of owning property in Turkey.
Prime location Istanbul or better to look at prospering Antalya?
From a purely investment viewpoint property for sale in Istanbul deserves a close look, however, one needs to be very selective. There are many offers on the market and not all are viable. We recommend real estate in Istanbul prime locations as opposed to heavily marketed bargain apartments on the outskirts of the city. Naturally, prime locations of Istanbul are expensive, therefore we suggest investors should have a good look at Antalya property market as a viable and exceptional alternative to prime location real estate of Istanbul.
How about rental returns and capital growth?
On the Mediterranean and Aegean coasts of Turkey, your holiday home in Antalya, Fethiye, Kalkan and Bodrum could easily deliver in excess of 6% rental returns after all expenses paid. Considering that the average rental yield in the UK is 4.8%, this is quite a strong return. Coupled with steep capital growth in several years, you could build your very own nest egg in Turkish real estate. Another interesting profile to underline is the beachfront Turkey property segment.
Can you suggest a niche segment of Turkish real estate to keep an eye on?
Keen investors and of course keen sailors alike should keep a solid eye on waterfront properties in Turkey. This is an incredibly lucrative segment of the Turkish real estate market. Compared to France, Spain and Italy, beachfront properties in Turkey come at one third the price tag for comparable villas and apartments. Luxury villas for sale at the seafront in Bodrum, Kalkan, Kas and Fethiye could be purchased from as little as Euro 400,000, whereas a comparable villa in Spain or France would cost no less than Euro 1.3m. This is a huge price gap and we suggest that it is an artificial one. We do not expect prices of beach front properties in France to come down for these are highly desirable homes, however, as more and more people discover the stunning coastline of Turkey, we expect waterfront homes in Turkey to appreciate quite significantly over the next 3-5 years. The number of foreign registered boats and yachts entering Turkish waters have tripled since 2005, clearly indicating that Turkey is becoming a desirable boating destination. Considering the breathtaking beauty of the bays and coves in the Aegean and Mediterranean waters of Turkey, this is not surprising at all.
Within walking distance to Taksim Square are these outstanding luxury apartments available in sizes ranging from one – three bedrooms and complete with access to 20 commercial stores, offices, and other social facilities.
Istanbul
One minute walking distance away from the nearest Metro station, this high quality apartment is for sale in Kadikoy on the Anatolian side of Istanbul and has access to a full range of social and shared facilities.
Istanbul
Built to superb standards with family living in Turkey in mind, these contemporary units are for sale in the desired area of Beylikduzu in Istanbul and are just two minutes away from the Marina for those who love sailing.
Istanbul
Located just a short walking distance away from daily amenities and public transportation, these quality Sense Sisli apartments are for sale in Bomonti area of Istanbul and are ripe for investment and short-term lettings.
Istanbul
Listed for sale at bargain prices today, these superb apartments are located in the fast developing area of Bahcekent in Istanbul and are available in sizes ranging from one – four bedrooms in multiple different types.
Istanbul
La Mer Dragos project has views heading out towards the sea from higher floor units and rises within a residential area of Dragos in Maltepe area of Istanbul – suitable for those who are wishing to obtain a Turkish Passport.
Istanbul
In the central triangle of Istanbul, these brand new apartments are available for sale in sizes ranging from one – three bedrooms for families and those looking to invest in Bomonti just moments away from Taksim and Sisli.
Istanbul
In the very heart of Istanbul, these apartments are perfect for lifestyle and investment buyers and are found in an area of Bomonti currently undergoing lots of urban regeneration – this is an opportunity that you do not want to miss out on.
Istanbul
Two minutes away from the beach and local amenities, these fully completed apartments are for sale within a residential area of Konyaalti in Antalya and have access to a swimming pool and other social facilities.
Antalya
Surrounded by amenities and things to do, these panoramic sea view apartments are for sale in Kartal on the Anatolian side of Istanbul and are a must see for those who are looking to relocate to the city with children.
Istanbul
Enjoy panoramic views out towards West Marina and a gorgeous daily sunset when you invest in one of these luxury apartments in Beylikduzu forming part of a 5-star project fully equipped with social facilities and daily amenities.
Istanbul
Close to the Bosphorus shoreline, this fantastic commercial property is located in Kurucesme area of Besiktas in Istanbul and offers 180m2 of internal space – ideal for a restaurant or trendy coffee shop in Turkey.
Istanbul
Enjoying a stunning view out across a mirage of blue sea and green nature, these wonderful apartments are located close to the centre of Bodrum within a luxury development fully equipped with extensive social and communal facilities.
Bodrum
Immerse yourself in luxury with this sea and sunset view apartment in Yalikavak, fully furnished and ready to move in, featuring a private garden. Located in an excellent complex with pool and gardens, conveniently close to daily amenities.
Bodrum
Looking out towards the sea with a magnificent view and daily sunset, this picturesque villa is for sale in Koyunbaba area of Yalikavak and is ideal for families and those wanting to live in Turkey on a permanent basis.
Bodrum
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