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.
Fully completed and with tenants in place, these fantastic apartments rise in Kartal on the Anatolian side of Istanbul and are suitable for investment with rental income available as soon as the purchase has been finalised.
Istanbul
With excellent mountain and sea views, this spacious duplex penthouse is the ideal purchase for someone who is looking to move to Alanya and enjoy a fine life abroad. This modern apartment is listed for sale completely furnished and ready to move in tomorrow.
Alanya
Located within an elevated position with excellent views of the surroundings, this charming duplex apartment is for sale in Deliktas, Tasyaka and has three bedrooms inside for up to six people to live together.
Fethiye
Built to luxury standards is this stunning two bedroom apartment for sale in a central area of Izmir in the sought after Karsiyaka neighbourhood – just minutes away from the centre and close to public transportation for moving.
Izmir
Designed and built for family living in a residential area of Beylikduzu in Istanbul, these properties are for sale at bargain prices today and have access to 130 on-site shops and commercial units leaving you with no reason for leaving the grounds.
Istanbul
Rising in central Kagithane, these apartments are fully completed and are ready for buyers to move in immediately after the purchase process has been finalised – suitable for Turkish Citizenship by Investment applications.
Istanbul
One of our top picks for those looking to buy commercial properties in Istanbul, this Sariyer unit has a long term tenant in place and contract guaranteeing rental income for many years still to come.
Istanbul
Title Deed ready apartments for sale in the central area of Kagithane in Istanbul, suitable for buyers looking to apply for Turkish Citizenship by Investment and just a few minutes away from public transport and amenities.
Istanbul
Located in a top district of Antalya, these contemporary apartments are for sale at bargain prices and form part of an excellent complex with social facilities including a swimming pool, landscaped gardens, and fitness centre.
Antalya
Built with family living in mind, this contemporary project offers high quality apartments for sale in the Nilufer region of Bursa in Turkey and is surrounded by amenities including schools, hospitals, and green parks.
Bursa
Furnished and ready to move in immediately, this three bedroom duplex apartment is nestled within the peaceful and quiet area of Goynuk in Kemer and is just 1km away from the nearest beach for relaxing at the seaside.
Kemer
These residences are for sale in the Beykent area of Buyukcekmece and have fantastic views heading out towards the sea, lake, and city landscape – suitable for those who want to live in the city permanently.
Istanbul
Suitable for year round living with your family in Calis, this duplex apartment is on the market today as completely furnished and ready to move in – just a short walk away from the nearest beach and promenade.
Fethiye
Tuzla apartment for sale within a residential area of Fethiye, situated just a short five minute walking distance away from the town centre full of life and things to do – this is a must see that will not be available for long.
Fethiye
This semi-detached villa is nestled within a residential area of Calis and has five bedrooms inside for the largest of families to live together in Turkey. This property is in need of some TLC, hence the bargain price.
Fethiye
For sale at excellent pries not to miss, these modern apartments are found in Sefakoy area of Kucukcekmece and are within close proximity to shopping malls, international schools, and everything else needed.
Istanbul
Available for purchasing up to three bedrooms in size, this panoramic project is found in a peaceful and highly residential area of Izmir in Turkey and has been equipped with a full range of social facilities within.
Izmir
Completely furnished and ready to move in immediately, this charming apartment is found in the heart of Kas and is just minutes away from amenities – suitable for those wanting to live in the peninsula with a small to medium sized family.
Kas
Priced to sell quickly – this charming apartment is located in a residential area of Side and is on the market today as completely furnished and ready to move in, forming part of a boutique complex with shared swimming pool.
Side
Just a short walking distance away from daily amenities and shops, this spacious duplex apartment is for sale within the residential area of Deliktas in Fethiye and has three bedrooms for a family to live together.
Fethiye
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