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.
Available in sizes ranging from one – four bedrooms with many different types and floor plans to choose from, these properties are found in Kepez one of the fastest growing investment areas in Antalya and are recommended for viewing.
Antalya
Basin Ekspres apartments suitable for those looking to invest in Istanbul within minutes to daily amenities and public transportation for city commuting – choose from units ranging in sizes up to four bedrooms for sale.
Istanbul
Within walking distance to the sea, these contemporary homes have access to a beautiful rooftop terrace with swimming pool and sunbathing deck, built to meet all the needs of modern life in Turkey and available on payment plans.
Izmir
Just a few minutes away from Basin Express Media Highway, this is a top quality project of apartments fully equipped with on-site shops, supermarkets, pools, and much more for residents to indulge in a luxury lifestyle in Istanbul.
Istanbul
Next to Aydos Forest with spectacular nature views on one side and Marmara Sea views on the other side are these apartments for sale in Kartal area of Istanbul – available in various different types and sizes to choose from.
Istanbul
One minute walking distance away from the seaside, these luxury-designed low-rise apartments are for sale within a popular area of Buyukcekmece and are suitable for Turkish Citizenship by Investment applications.
Istanbul
Overlooking a beautiful green park with outstanding views, this city within a city project is perfect for family living in Istanbul and is offered today at bargain prices that are set to rise considerably as the completion date nears.
Istanbul
With Title Deeds in place, these spacious apartments are for sale in the Levent area of Istanbul and are suitable for those commuting and working in the centre – available to buy in sizes ranging up to three bedrooms.
Istanbul
Sense Levent built to exceptional standards by the award-winning Saffet Kaya Architects and Designer Turkey, these contemporary apartments are found in Kagithane and are highly recommended for viewing as one of our top picks.
Istanbul
Belview Istanbul available at bargain prices not to miss out on, these designer apartments can be purchased in sizes ranging from one – three bedrooms with duplexes and normal floor residences to choose from on the Anatolian side in Dragos.
Istanbul
With fantastic views out towards the Golden Horn from Halic, these Big Life near Little Bosphorus by Rams apartments are available in various types and sizes for buyers to choose from and form part of an excellent project equipped with amenities.
Istanbul
This outstanding development offers a full range of apartments for sale in sizes from one – four bedrooms in a residential setting of the city tucked away from the centre yet within easy driving distance for those commuting and working.
Istanbul
Pick up a bargain priced apartment in Bahcesehir when you purchase one of these high quality residences within a spectacular and fully equipped project – set within green gardens, buyers can choose from homes ranging from one – four bedrooms.
Istanbul
Built to superb standards with family living in Turkey in mind, these contemporary units are for sale in the desired area of Beylikduzu in Istanbul and are just two minutes away from the Marina for those who love sailing.
Istanbul
Suitable for Turkish Citizenship by Investment applications, these brand new apartments are found within the city centre in sought after Kagithane and form part of a top complex with botanical gardens and green spaces.
Istanbul
These Pendik apartments have tremendous views heading out towards the Marmara Sea on one side and Aydos Forest on the other side – suitable for buyers looking to live in a peaceful area of Istanbul at an affordable price.
Istanbul
Listed for sale at bargain prices today, these superb apartments are located in the fast developing area of Bahcekent in Istanbul and are available in sizes ranging from one – four bedrooms in multiple different types.
Istanbul
La Mer Dragos project has views heading out towards the sea from higher floor units and rises within a residential area of Dragos in Maltepe area of Istanbul – suitable for those who are wishing to obtain a Turkish Passport.
Istanbul
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