Find Your Ideal
Home & Investment
Find Your Ideal Home
& Investment
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.
Ready to move in immediately, this breath taking sea view villa is located in Gumusluk area of Bodrum and has access to a private beach and pier – suitable for families and those seeking a bohemian lifestyle in Turkey.
Within 200 metres to the nearest sandy beach for relaxing and spending summery days is this fully furnished villa for sale in Gumbet area of Bodrum – ideal for those looking to relocate and raise children in Turkey.
In the heart of central Istanbul, this fantastic Nisantasi apartment has been designed in a Scandinavian style and is suitable for family living in Turkey with a plethora of amenities and shops just a short walk away.
This boutique hotel for sale consists of four standalone bungalows and is nestled within the peaceful area of Samanli in Yalova – each property has its own private swimming pool and landscaped garden outside.
Right in the heart of Fethiye Town, this is a unique opportunity to purchase a luxury-designed apartment within one of the most contemporary projects to come out of the region in recent years, this is a must see listing.
Commercial property for sale in Fethiye, this apartment building offers a tremendous amount of rental potential all year round in the residential area of Karagozler with a lovely view heading out towards the sea and beyond.
Constructed using locally sourced stone of the highest quality, these spacious villas are nestled in a private and residential area of Gumusluk in Bodrum – just a few minutes away from the nearest beach and amenities.
In a residential area, suitable for year round living in Bodrum, these excellent villas are found in Gokcebel area of Yalikavak and are recommended for viewing at the earliest – these will not be on the market for very long.
This four bedroom home is situated within a small estate of just a few villas, and has its own private green garden with swimming pool outside – nestled in a peaceful area of Ovacik with tremendous Babadag Mountain views.
Looking out towards the sea and natural surroundings of Yalikavak, this three bedroom house is on the market today as completely furnished and decorated – ready for a family to move in immediately after purchase.
With stunning panoramic sea views, this luxury villa is located in the sought after Turgutreis area of Bodrum Peninsula and has been designed throughout with superb features including marble bathrooms and a winter garden.
Fantastic luxury designed house for sale in the peaceful area of Ovacik in Fethiye, overlooking a beautiful surrounding of nature and Mount Babadag – this listing has been beautifully furnished from top to bottom.
Designed and built to luxury 5-star standards, this smart house is found in the peaceful area of Bayindir in Kas for sale and has access to an infinity swimming pool and tremendous garden for relaxing outside all year long.
Whether you are going to enjoy the romantic sunsets or the dramatic views across the sea and islands, this villa style bungalow offers a unique interior layout in a minimalist style and is perfect for year round living in Bodrum.
Suitable for the largest of families looking to live in Turkey, this spacious detached villa is found in a residential area of Akarca in Calis and is situated within private grounds with a beautifully landscaped garden and nature views.
5-star villas in the heart of Yalikavak, located just 500 metres away from the seaside and world class amenities and facilities including the Palmarina – each home has its own private swimming pool and two separate garden levels.
Ideally located in Akkaya with lake views, a custom built house with luxury features that will leave you in awe at the quality on offer and attention to detail to make this one of the very best international real estate options you could possibly find. 2 types of villas are available so call today.