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.
These mixed-use apartments are suitable for families as well as investors in Istanbul with a delightful location in central Kagithane – close to everything needed including shops and transportation options.
Istanbul
Suitable for family living in Istanbul, these contemporary apartments are for sale in Bagcilar area of Istanbul and form part of a top complex equipped with superb social facilities and spaces for all to enjoy.
Istanbul
Immaculate internally and externally, this Kargicak villa is furnished and enjoys beautiful views from an elevated position in Alanya. The property is found in a stunning residential complex with a wide range of facilities.
Alanya
Situated within a huge plot guaranteeing a private lifestyle in Turkey, this spacious Kas villa is found in Gokseki and has a lovely view out towards the sea – available today at a bargain price, do not miss out on this opportunity.
Kas
With Title Deeds in place, these brand new apartments are ideal for those who are looking to apply for Turkish Citizenship through real estate investment and are found within the peaceful area of Yakacik in Kartal.
Istanbul
Right in the heart of Bodrum city centre, these contemporary apartments have Title Deeds in place and are five minutes away from everything needed on a daily basis – enquire today for more information before these have been sold.
Bodrum
Enormous project of more than 1,000 apartments in Beylikduzu – this commanding project has been constructed by one of the most reputable developers in the country, ensuring only the best in quality and timely delivery.
Istanbul
Recently renovated throughout into a wonderful family home, this spacious property is tucked away in a rural location in Metinler area of Dalyan and enjoys striking views across a backdrop of mountains and surrounding agricultural land.
Dalyan
Well located within easy distance to the centre of town and local transport facilities is this large residence with a residential setting for year round life in the popular Dalyan region of Turkey. An impressive villa with all the makings of a spectacular setting for you while in this part of the country.
Dalyan
Take in the breathtaking landscape of absolute nature from every corner when you own this family home in the quiet settings of Dalyan a short drive to local amenities. Completed only a couple years ago, this villa is built to high standards and has four bedrooms inside.
Dalyan
Centrally located in Bomonti in an area undergoing urban regeneration, these apartments are bargain priced and are highly recommended for both investors and lifestyle buyers with options ranging from studios – three bedrooms.
Istanbul
Completed and ready for new owners to move in today, this exceptional project offers sea views in Kartal area of Istanbul and affordable apartments – just a few minutes away from daily amenities and shops.
Istanbul
Completed and ready for buyers to move in immediately, these contemporary apartments are nestled within a residential area of Kartal in Istanbul – just minutes away from amenities and public transportation options.
Istanbul
Built to luxury standards throughout, this Belek villa is nestled within a tranquil neighbourhood and is just a few minutes away from beaches and golf courses – for more information about living here, please enquire today.
Belek
Centrally located in the Besiktas area of Istanbul, these fully furnished apartments are available to purchase in sizes ranging up to two bedrooms and have everything in place for those looking for rental income.
Istanbul
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