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.
Built by one of the most prestigious developers in the entire city, these incredible homes are found in the heart of Nisantasi in central Istanbul and are just minutes away from everything needed on a daily basis.
Istanbul
Designed and built to custom standards, this extravagant five bedroom Bolu villa is situated within a huge 8,000m2 plot and assures complete privacy for those looking to escape from city life to some of the most beautiful surroundings in all of Turkey.
Bolu
This resale apartment is nestled within the central area of Bomonti in Istanbul and is just a few minutes away from supermarkets and public transportation – this is one of our top picks for investors as it is currently tenanted.
Istanbul
With views of the city and sea, these completed apartments are found in Kadikoy on the Anatolian side of Istanbul and are a must see for those who are looking to live in Turkey on a permanent basis with a family.
Istanbul
Stone built villa with beautiful views heading out towards the sea in Cesme area of Turkey, forming part of a superb development with access to a private beach – this is one of the best homes that you will find and is a must see property for sale.
Cesme
This project is offered at pre-launch prices and will enjoy more than 50% price growth from now until the state completion date – making this an investment opportunity that you simply cannot miss, one of our favourites.
Istanbul
Refurbished to excellent standards throughout, this tremendous villa is found within the residential area of Koca Calis and has five bedrooms – suitable for families looking to live in Turkey on a permanent basis.
Fethiye
Situated within its own private garden with swimming pool, this bargain priced affordable villa is found in the Yenikoy area of Kas region in Turkey and is just a few minutes away from local shops and daily amenities including restaurants and markets.
Kas
These bargain apartments are for sale in Fikirtepe on the Anatolian side of the city and are available in multiple types and sizes for buyers – complete with access to a range of social facilities and shared spaces within.
Istanbul
Built to luxury standards by a top developer, these Cengelkoy properties are located on the Anatolian side of Istanbul in Uskudar and are just 800 metres away from the seaside with spectacular views across the Bosphorus.
Istanbul
Suitable for families who want to live on the Anatolian side of Istanbul, this extensive project rises in a residential area and has sea views – all just a one minute walk away from a Metro for commuting and moving around.
Istanbul
These beautiful villas are found within a residential area of Side and have their own private landscaped gardens for relaxing outside daily with friends and loved ones – all just a few minutes away from amenities.
Side
Just two minutes away from Mall Of Istanbul, this extensive project has won awards for design quality and offers all kinds of social and communal facilities to enjoy – this is one of the most impressive projects in Kucukcekmece today.
Istanbul
Built to exceptional standards, these sea and mountain view villas are found in the sought after area of Kargicak in Alanya and have private swimming pools and landscaped gardens for relaxing and spending time outside.
Alanya
Built to modern standards throughout, these spacious apartments rise in Cengelkoy in Uskudar and are available to purchase in various sizes – suitable for families and those wanting to move to Istanbul.
Istanbul
Minutes away from daily necessities and public transportation, these fully completed apartments are for sale in the residential area of Kartal on the Anatolian side of Istanbul and have fantastic views of the sea.
Istanbul
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