As tourism in Turkey booms, and the real estate market in Turkey going only one way, property investors from all over the world are flocking to purchase buy-to-let homes with high rental income and high capital growth potentials. Property Turkey provides you with a carefully selected range of investment properties in Turkey. Listings below have been selected for their exceptional rental income and/or potential for steep value appreciation. These range from holiday homes that will generate handsome rental income to land development opportunities, viable hotel investments or below market value acquisitions.
What's so exciting about real estate investment in Turkey?
In 2012, statistics show that more than 30 million tourists enjoyed luxury holidays in Turkey – a rise of more than 5 million over the last three years alone, ranking Turkey as the 6th most popular tourist destination in the world. If you add this to the fact that Turkey’s economy is growing at record rates of more than 8%pa in the last three years, second only to China in the last couple years, it is easy to see why so many investors are placing their trust in Turkey.
What does this mean to the real estate market in Turkey?
In 2012, the Turkish government relaxed laws, making it easier for a foreign national to invest in Turkish properties. This has seen a steady increase in overseas investors buying real estate in some of the top tourist destinations in order to capitalise on the tourism boom and the property market boom. Unlike most of Europe, the price of property is increasing year on year, on an average of 14.9% according to the Turkish Central Bank Real Estate Index 2012 April, the market is seen as a safe market for the long-term future.
Add all these factors together, and you have a hot real estate market for investment. Property developers are so confident in the Turkish market that some properties come with a rental guarantee in place of up to 8% per annum. This can prove to be extremely fruitful for wealthy businessmen who purchase top of the range property in Turkey. Buy to lets, particularly in hotspots such as Kalkan, Bodrum, Fethiye and Antalya are delivering in excess of 6%pa despite generous personal use in some of the peak rental periods. Many have already spotted the opportunity to build their nest-eggs in Turkey.
Call Property Turkey now to discuss your investment targets with our specialist real estate investment team. We always deliver facts and neutral guidance in order to help you invest in the right area at the right time.