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.
Offering a high degree of rental potential for those looking to invest in Kas, this picturesque flat is found in a central area and has a beautiful sea view – all just a short walk away from local shops and daily necessities needed.
Find luxury apartments in Bahcesehir in Istanbul, just five minutes walking distance from a Metro station stop coming in 2018, making this project ripe for investment today – choose from units measuring up to three bedrooms.
If you are looking to live permanently in Istanbul, this outstanding project ticks all the boxes and comes highly recommended for viewing in a residential setting close to lifestyle facilities and everything for raising a family in Turkey.
This is an exciting opportunity to purchase a brand new apartment in a popular district of Antalya, situated close to everything needed and just moments away from public transport for moving around the city on a daily basis.
Rising in Altintas area of Antalya, these modern apartments are available in sizes ranging up to three bedrooms with single floor and duplexes to choose from – these properties are ideal for family living in Turkey.
This boutique project offers apartments for sale in various types and is just a short walking distance away from public transportation in Besiktas area of Istanbul – enquire today to reserve your unit at the best price.
Five minutes walking distance away from the nearest Subway station for commuting and moving around the city of Istanbul on a daily basis, this excellent complex offers properties for sale in sizes up to five bedrooms.
With views heading out towards the sea and city, these modern apartments are for sale in Kartal on the Anatolian side of Istanbul and are highly recommended for viewing – available in various types to choose from.
Close to a full range of daily amenities and transportation options for moving around the city, these apartments are found within Aksu area of Altintas in Antalya and are ideal for investors and lifestyle buyers.
Completed to excellent standards, this development rises in Bahcelievler and is just 250 metres walking distance away from a Metro station for commuting towards the city centre of Istanbul – the perfect investment.
This duplex apartment is found within a central area of Hisaronu in Fethiye and is just a short walking distance away from bars, shops, and restaurants – ideal for those looking to spend long periods of time in Turkey.
Fantastic sea view duplex apartment for sale in the centre of Kas region in Turkey, just a few minutes walking distance away from everything needed on a daily basis – this listing has the option of being purchase as completely furnished.
Five minutes away from the Airport and Shopping Mall, these modern apartments are for sale in Altintas area of Antalya and are a must see – suitable for buyers looking to move to Turkey or invest for rental income.
Enjoying beautiful sunsets and magnificent views, these innovative apartments are for sale within the prestigious district of Incek in Ankara city and are available for buyers to purchase up to six bedrooms in size.
Furnished and ready to move in immediately, this beautiful apartment is nestled within a peaceful area of Alanya and is close to the beach for relaxing at the seaside – enquire today for more information about life here.
Rising in Sultanbeyli area of Sancaktepe, these modern apartments are for sale on the Anatolian side of Istanbul and have access to superb facilities including vast landscaped green gardens and swimming pools.
Accessible to the centre of Istanbul and Taksim within 15 minutes, these high quality apartments are found in Kagithane and are available in sizes ranging from one – four bedrooms with multiple types for buyers to choose from.
Just minutes away from public transportation and daily amenities, these bargain priced flats are fully completed and can be moved in as soon as the purchase process has been finalised – enquire today to reserve yours.