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 to luxury standards throughout, this brand new apartment is located in Karsiyaka area of Izmir and enjoys a gorgeous view stretching for as far as the eye can see from a panoramic terrace attached to the living room.
Izmir
Available in sizes ranging up to five bedrooms, these family orientated apartments are located in the heart of Istanbul just 15 minutes away from Taksim in the residential area of Topkapi currently undergoing urban regeneration.
Istanbul
5-star Ottoman Palace homes situated just metres away from the sea with outstanding views across the ocean and beyond, located in a desired area of Istanbul within easy commuting distances to the centre of the city – a must see.
Istanbul
Built to luxury standards, this private villa is nestled on a hillside in Ovacik and has beautiful views heading out across the valley and mountains – all just five minutes away from daily amenities and the village centre.
Fethiye
This is a unique opportunity to buy a spacious residence in the green settings of Kemerburgaz surrounded by nature and forest views. These homes are ideal for peaceful family living away from the centre of Istanbul.
Istanbul
Minutes away from daily necessities and amenities, these sea view luxury-built villas are for sale in the residential area of Gurpinar in Beylikduzu and are suitable for Turkish Passport by Investment applications.
Istanbul
Luxury-designed family villa nestled in the Guzelbahce area of Izmir in Turkey – suitable for year round living with private gardens and pools. These quality homes are just minutes away from local necessities and amenities.
Izmir
This incredibly big property has enough space to house the largest of families and is nestled away in Ciftlik area of Calis in Fethiye for sale – all just a short five minutes driving distance away from the beach and promenade.
Fethiye
Built to luxury standards throughout, these Bosphorus Sea view apartments are for sale in Besiktas area of Istanbul within the city centre and are just a short walking distance away from amenities and transportation.
Istanbul
Built to luxury standards throughout, these beautiful homes are for sale in Bahcesehir and have five bedrooms for families looking to move to Turkey – Title Deeds are ready, and these can be used in Citizenship applications.
Istanbul
At the foothills of Babadag Mountain in Fethiye, this beautiful deluxe villa is on the market today as completely furnished and ready to move in – just ten minutes walking distance away from Hisaronu and shops.
Fethiye
Furnished and ready to move in, this outstanding house has its own heated indoor swimming pool as well as a large swimming pool in the garden – located in the sought after area of Ocakkoy within the Ovacik region.
Fethiye
Suitable for Turkish Citizenship by Investment, these luxury apartments are for sale in Beykoz area of Istanbul on the Anatolian side of the city and form part of a luxury complex with a full range of social facilities.
Istanbul
Just a few metres away from the sea with direct access to the water, this outstanding villa is for sale in the sought after area of Buyukcekmece in Istanbul and features a plethora of custom-designed furniture and extras.
Istanbul
Literally at the seafront is this exotic villa with amazing view and spectacular features in the pretty area of Cesme. A short drive will take you to the marina and town centre where you will find all the expected amenities. This is as good as it gets in Cesme - a must see.
Cesme
Constructed to luxury standards by a top developer in Fethiye, this new detached villa is found in a residential area of Calis and is just a short walk away from the famous beach for relaxing and spending time at the seaside.
Fethiye
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