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.
This resale apartment is nestled within the Central Business District of Istanbul in Kagithane and offers five bedrooms for a family to live together – just a few minutes away from daily amenities and public transportation.
Istanbul
Fully furnished and ready to move in today, this sea view villa is nestled within the residential area of Geris in Yalikavak and is ideal for family living in Turkey with everything accessible in ten minutes or less.
Bodrum
Boasting a plethora of social facilities and spaces, these peaceful apartments are found within Kemerburgaz area of Istanbul and are a must see – located just a few minutes away from daily amenities and transportation.
Istanbul
Suitable for year round living within an elite area of the city, this superb apartment is located in Tarabya area of Istanbul and is just a short two minute walking distance away from the Bosphorus Sea for relaxing.
Istanbul
Take in a complete lifestyle with this city within a city project in the centre of Istanbul just 10 minutes away from some of the most sought after landmarks and districts for someone looking to live in the city long term and benefit from high capital growth and potential.
Istanbul
These suite-style rooms are located within a boutique building in Balat area of Fatih and are just a few minutes away from restaurants and transportation options for moving around the city of Istanbul every day.
Istanbul
Furnished to luxury standards throughout, this outstanding property is found in a peaceful area of Kas and enjoys sweeping views of the Mediterranean Sea – all just a few minutes away from daily shops and the centre full of things to see.
Kas
Close to the centre of Buyukcekmece with an abundance of potential, this large plot of land has permission in place to build a large project measuring up to 2,000m2 gross and is just a short distance away from the Marmara Sea.
Istanbul
Within walking distances to landmark city centre developments including the largest Hilton in Europe are these Bomonti apartments for sale at launch prices that will rise considerably before completion – a perfect investment.
Istanbul
Constructed to luxury standards from top to bottom, this magnificent villa offers a spacious outdoor swimming pool as well as a heated indoor swimming pool and is on the market today as completely furnished and decorated.
Fethiye
Located within a 5-star development, this property is suitable for year round living in the highly desired area of Calis within the Fethiye region and has access to a full range of social facilities and shared spaces to use.
Fethiye
In the peaceful area of Dosemealti, this luxury-designed private villa offers eight bedrooms and has space for the largest of families to live in Turkey within a 30 minute radius of everything needed daily.
Antalya
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