Providing fashionable alternatives to previous hotspots in Spain, Italy, and France – the Turkish coast is becoming a safe haven for those looking for beautiful summer holiday homes, or those who enjoy a spot of sailing – and it is even still possible to find homes at a fraction of the cost you could expect to pay elsewhere in Europe; up to a third cheaper in fact according to statistics.
Recently ranked by Ernst & Young second in a list of best countries in Europe to buy a home, the average price of property in Turkey rose by 12.2% last year, and with over 3,000 square miles of coastline – people from all over the world are house hunting in Turkey, looking for canny bargains, exclusive villas, or luxury beachfront mansions – the wealth of option in Turkey is second to none.
So, where should you buy?
Rural inland homes?
Most of British overseas buyers in Turkey look to the famous coastal towns of Bodrum, Antalya, and Fethiye – however, an ongoing trend is starting to see savvy buyers looking further afield for charming inland homes in rural areas, areas that were previously unavailable to foreign buyers. Property Turkey director, Cameron Deggin, notices an increase of people looking for large plots of land and farmhouse type homes, although he says “Homes still have to have easy access to the beach, of course.” – which is entirely possible in Turkey.
Those looking for a rural plot, could take a look at a gorgeous mountain view homes in the small village of Beycik close to Kemer – forest and Mediterranean views makes this a perfect option for those who enjoy nature. For sale starting at a modest £175,000.
The classic coastal resort?
Of course, boasting thousands of miles of beaches, Turkey will attract a healthy interest in her beaches and warm seas from those looking to escape the burden of everyday life by purchasing a dream holiday home and perhaps renting out the villa or apartment when not in use to the millions of tourists who travel to the Turkish coast every summer.
The regions of Kalkan and Kas are two highly recommended to take a further look at.
The megayacht experience?
By 2023, the Turkish government has plans to push the nation’s berth capacity to a whopping 50,000 – making Turkey one of the worlds top destinations for all things related to sailing.
Bodrum Palmarina, found just five minutes walking distance from Yalikavak is the biggest draw in Turkey for those who enjoy sailing – this brand new marina “Is already attracting megayachts and the facilities are far better than on the Cote d’Azur” says Deggin. “The marina itself is spectacular.”
Yalikavak is a diverse area too – in the town centre you can find lovely apartments starting from £50,000, to the uber luxury with the famous Richard Meier houses sitting on 5,000sqm plots starting from around £3 million.
No mention of Turkish real estate could be done without mentioning her largest city and investment hotspot - Istanbul.
With year on year price increases ranging from 12-15% over the last 5 years, this is a city burgeoning with investment and high rises constantly being built to meet the demand - you can find prices from as little as £35,000 to well into the millions for a seafront luxury apartment.
It is no doubt that the high end is here to stay in Turkey – with more and more investors looking towards Turkey than ever before, the magnetic appeal of this sundrenched country is attracting the VIPs, and with it, the VIP experience all around the Turkish coast.
Want to live like a VIP? Now is your opportunity before prices continually rise over the next few years.
To read the full article in The Sunday Times, please click here.
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