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.
Minutes away from daily amenities and public transportation for moving around the city, these apartments are for sale in Kepez area of Antalya and are available in various different types and sizes to choose from.
This outstanding hotel is located at the beachfront in Torba area of Bodrum and has two on-site restaurants and swimming pools for guests to use – this is an investment opportunity with years of history and success behind it.
Hotels for sale in Turkey such as this option are a must see for an investor looking to run an operate their own business in sunny Kas Peninsula, just metres away from a private sandy beach for hotel guests to relax daily.
Turnkey mansion-style villa for sale in Beykoz area of Istanbul, enjoying a full panoramic view out towards the Bosphorus and offering a private lifestyle for those seeking exclusivity – this is a rare find that won’t be available for long.
Looking out across the sea and beach with panoramic views, these designer villas are a must see for those seeking a 5-star lifestyle in Turkey and are nestled in the peaceful area of Gundogan within the Bodrum peninsula.
Forming part of a 5-star compound fully equipped with extensive facilities and social areas, this tremendous villa is for sale in Beykoz in Istanbul and represents one of the best examples of real estate in this area of the city.
Nestled within a peaceful area of Kucukbuk, this luxury-built villa has all the makings of a wonderful family home within the Bodrum Peninsula of Turkey and is just a few minutes away from a private sandy beach area.
Located just 25 metres away from a private beach club and sea, this exquisite villa is nestled within Koyunbaba Bay area of Yalikavak in Bodrum and is ready for new owners to move in immediately after purchasing.
Designed and built to luxury standards, this deluxe detached property is found in a peaceful area of Yalikavak in Bodrum and is just 500 metres away from the seafront with tremendous views from the garden and rooms inside.
Just ten minutes walking distance away from the world famous Palmarina in Bodrum, this designer villa offers 180 degree panoramic sea views stretching endlessly across the bay and has been designed to 5-star standards throughout.
With an incredible view of the sea, this stunning villa is nestled within a residential area of Yalikavak and is 100 metres away from the beach for time spent with loved ones – this is one that you do not want to miss.
Looking out towards the sea and Palmarina with incredible 180-degree views, this is a luxury designed property for sale in Yalikavak that would make for an excellent family home with infinity private swimming pool and garden.
Offering a completely private lifestyle in Bodrum, this panoramic view villa is nestled in a peaceful area of Konacik just a few minutes from the town centre – perfect for buyers who want to relocate with a family.
Looking out towards the sea and natural surroundings, this exquisite villa is located within the Tilkicik area of Yalikavak and is ideal for families looking to live just a few minutes away from the beach and local amenities.
This free-standing villa enjoys beautiful views heading out towards the sea and is nestled within the hills of Yalikavak ideal for living with a family in Turkey – all just five minutes away from the centre and Marina.
Located right at the seafront in Turkbuku with access to a private beach and water jetty is this outstanding sea view villa for sale – perfect for those looking to obtain a luxury lifestyle in one of the most sought after areas in all of Bodrum.
With only 13 houses in total, this project is likely to sell out sooner rather than later – call or contact us today for details about these Yalikavak villas located in a superb private estate with sea view swimming pools and gardens.
At the waterfront, this is an incredibly rare opportunity to purchase a villa on Sovalye Island complete with mooring facilities and sea access – this gorgeous property is just a short five minute boat journey away from Calis Beach.
Looking out across the sea and surroundings with fantastic views, this immaculate family home is for sale in the residential area of Konacik in Bodrum and has its own private green garden and swimming pool to enjoy.
This private mansion is nestled in Tilkicik Bay area of Yalikavak and has a tremendous view of the sea from an infinity swimming pool and garden. If you are looking for privacy, you will find it in abundance here.
Looking out across the sea with a panoramic view, this incredible apartment for sale is found in an elite neighbourhood of Yenikoy in Istanbul and is suitable for those who want to live away from the bustling city centre.
Constructed using Smart Home technology throughout, these magnificent homes are for sale in a desired and peaceful area of Yalikavak in Bodrum and have panoramic views heading out across the sea and surroundings.
Forming part of a 5-star complex in Gocek located directly at the entrance to the sea with access to a marina and sailing facilities, this is an opportunity not to miss out on and comes highly recommended for viewing at the earliest available chance.