Resale properties in Turkey are selling at high volumes in the popular Mediterranean and Aegean resort towns. There are plenty of well-priced resale homes for sale in Turkey, as owners seek to make money on the properties they bought some years ago.
How Much Are Resale Homes in Turkey?
It is possible to pick up a 1-2-bedroom resale apartment for less than 50,000 Euros, where the owner requires a quick sale. The villa resale market is strong, and you can find villas starting at around 70,000. Otherwise, the price of property depends on its location. For example, properties in Kalkan command a higher price per square metre than in the budget resort of Altinkum. Likewise, luxury villas in Bodrum, a Turkish riviera stronghold, sell for much more than the equivalent property in Uzumlu, a mountain location. Another strong factor in the housing index is the location within the resort. Properties close to the coastline or in the centre of town with amenities within walking distances sell for higher prices.
Advice when Buying a Resale Home in Turkey
The advantage of buying resale is niggles sometimes experienced with new build properties will have been fixed. However, the disadvantage is that your resale property in Turkey will not be under its building guarantee, so any problems will fall to you as the new owner. We advise when viewing, to inspect the building or pay to have an additional valuation. Examples to check would be door and window frames, hot water boilers, water tanks, and sewerage pits if applicable. Also check air conditioning units while they are working, and don’t forget little aspects like electricity sockets to make sure they are not hanging out or as with some old Turkish homes, there is only one in a room. If the property comes with a swimming pool, check the tanks, and go for a swim to inspect for broken tiles. These minor details grouped together can incur high costs for repairs. We also advise to factor in an additional budget for décor, design, and furniture even if you buy a furnished home. Often, new buyers want to put their own stamp on a property and make many alterations even when buying a ready to move into home. Likewise, even small jobs like a lick of paint, new taps, and a new settee soon add up.
Resale Properties in Turkey for Sale: Apartments or Villa
When buying a villa, you will handle all maintenance and upkeep yourself, unless the home is on a complex. Likewise, if buying an apartment, clarify procedures and regulations for communal areas with the on-site management maintenance team. If there are six or more apartments and/or villas, they will handle all amenities like the swimming pool and garden maintenance. Each property then pays a monthly apartment fee. If there are less than six apartments, still check with the neighbours about the current procedures for things like payment of electric in the hallway and repainting of exterior walls.
Where is the Best Place to Buy?
This depends on your budget and lifestyle preferences. Now, new-build, off-plan and key-ready developments in outskirt European districts dominate the Istanbul housing market but upmarket resale homes, hotels and business premises come on the market in more established areas like Taksim and Beyoglu. Meanwhile, on the Aegean and Mediterranean coasts, their portfolios include hundreds of resale properties for sale. Popular areas include…
Alanya: Sitting at the far eastern tip of the Mediterranean coast, Alanya attracts many buyers because of the cheap property prices. Popular neighbourhoods include Karagicak, Oba, Mahmutlar, and Kestel.
Antalya City Centre: As the second most popular place to buy property in Turkey, Antalya’s real estate market is ever revolving with a constant turnover of buyers and sellers. Don’t think because this is a city, it is an urban landscape because two popular districts for property in Antalya city are Lara beach and Konyaalti that also count themselves as Turkey’s best beaches.
Bodrum: Swinging over to the Aegean coast, Bodrum dominates the real estate market with a town centre and 18 coastal resorts making up the peninsula. Active markets with a consistent portfolio of resale properties include Yalikavak, the place to hang out at the mega yacht Palmarina. Bodrum town, the hub of transport, shopping and nightlife also has an attractive portfolio, but for a more low-key destination with peace, check out Gumusluk, a rustic destination which embraces the Bodrum peninsula’s hedonistic vibes.
Fethiye: British buyers adore the Fethiye region and many have purchased resale properties and now live there all year round. With a healthy portfolio of apartments and villas for sale, you will find your ideal home and the bonus is the stunning scenery and places of natural beauty like Oludeniz’s Blue Lagoon. Popular areas with house buyers include Calis beach, Hisaronu, Ovacik and Uzumlu.
Kalkan: This luxury, upmarket Turkish riviera hub is the place to look for resale villas. The town, sitting on the Mediterranean coast boasts of a healthy portfolio of villas for sale and most impress viewers from the moment they set eyes on them. The key to the success of its real estate market is because architects make the most of the hilly landscape to ensure all properties have amazing Mediterranean Sea views. Think floor to ceiling windows, front-facing infinity pools and outdoor terraces for those evenings of summer dining.
How to Buy Resale Homes in Turkey
To start your search, browse through our listings of resale properties in Turkey. Each one includes property photos, area information, key reasons that home stands out, and a telephone number to enquire about more details or arrange a time and date for viewing. Also pop into any of our offices in places like Istanbul, Fethiye, Antalya and Bodrum. Our local real estate agents will answer questions about the Turkish property buying process and offer loads of advice to ensure a smooth sale.