One of our most popular enquiries we receive from overseas buyers is 'beachfront property for sale in Turkey'. It’s easy to see why: aside from the coastline’s obvious charms, ocean front property for sale in Turkey is around half the price of comparable property elsewhere in the Mediterranean. Although the cost of Turkish seafront properties has risen quite sharply over the past decade, there are still some bargains available, right on the beach in Turkey. Prices start at around 85,000 Euros for 1 or 2 bedroom waterfront apartments in Side and Alanya. If you have around 500,000 Euros to spend, head to Bodrum, Kalkan or Kas, where there are still a few Turkish beach properties available, mostly detached villas.
The real gems for beachfront property come with a price tag to match: amazing Antalya apartments and penthouses on the seafront can be found for around 250,000 Euros, whereas beachfront villas are priced from around 550,000 into the millions of Euros. The most desirable seafront homes are found in Bodrum, Kalkan and Kas, where million-dollar views, private jetties for boat mooring and beach platforms are readily available. Although these residences command high prices, they are still 50% lower than their counterparts in Spain, France and arguably at prettier settings.
The rising popularity of beach houses in Turkey
As Turkey’s popularity rises, so will its prices. Affordable beachfront real estate will soon be a distant memory - those seeking homes front-line to the Mediterranean need to act now. We would also like to underline a recent change in Turkey's coastal zoning and planning regulations. It is no longer possible to build residential homes within 100 metres of sealine in Turkey. This means availability of homes right at the edge of water or within striking distance of the beach will soon disappear. New projects will have to be set back some 100 metres from the seafront in Turkey. This will certainly have a major impact on the resale market, where older properties built directly at the beachfront will command much higher premiums simply because they will become very rare to find.
Not to our surprise we are already seeing this trend settle in for oceanfront homes for sale in Sovalye Island, Kalkan and Bodrum. Resale homes built several years ago before new coastline regulations came into effect are now commanding double, triple the price tags they did some 5 years ago. Despite the steep increase in prices, these homes are still around one third what they would be in France, Italy and Spain. Therefore, the investment opportunity in beachfront homes in Turkey is significant to say the least.
Another interesting trend to note, which we observe rises in parallel to demand for coastal homes, is the increase in yachting and sailing figures in Turkey. As keen sailors discover the beautiful Turkish coastline with countless bays and coves and excellent winds, demand for seafront homes that offer boat mooring facilities is rising sharply. This coincides with Turkey's push to improve its marina facilities and berth capacity along its Aegean and Mediterranean coasts.
Property Turkey observes that at least 60% of overseas home buyers investing in waterfront properties in Turkey are also keen sailors and boat owners. Furthermore, we note that no less than 80% of those who have bought seafront villas in Turkey since 2010 sailed in Turkey at least twice before they decided to invest in their own real estate on the coast. According to yacht charters, boating and yachting industry in Turkey is on a steep growth curve with around 12% increase year on year. It is therefore inevitable that as more and more people sail in Turkish waters, more and more will look to purchase beachfront properties, thus further boosting the profile of such homes.