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.
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.
Built to exceptional standards by a top developer in Antalya, these affordable homes are for sale in the Altintas area of Aksu and form part of a complex with social facilities and spaces to enjoy on a daily basis.
Priced to sell quickly, these affordable apartments are found in Altintas area of Aksu and have views heading out across the surrounding natural scenery – forming part of a top complex with comprehensive facilities.
Enjoy high rental income immediately when you purchase one of these tenanted apartments for sale in Kartal on the Anatolian side of Istanbul – just a few minutes away from necessities and the nearest Metro station.
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.
Title Deed ready apartments for sale in the city centre of Istanbul – these fantastic properties are suitable for Turkish Citizenship by Investment applications and form part of a top complex with a host of social facilities.
Priced to sell quickly, these affordable and completed apartments are located within a central area of Izmir in the sought after Karsiyaka neighbourhood and are available to purchase in various different types and sizes.
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.
Comfortable and practical, these lovely residences are suitable for Turkish Citizenship by Investment and are located in beautiful Bahcesehir, just moments away from Kanal Istanbul and Kucukcekmece Lake.
On the market at bargain prices not to miss, these exceptional apartments are located in the heart of Istanbul city and offer excellent site facilities including a roof cafeteria with panoramic views across the skyline.
These contemporary apartments are a must see in the residential and fast-growing area of Nilufer within the city of Bursa – forming part of a peaceful project with gardens and social facilities. Enquire for more information.
Built to amazing standards throughout, this incredible project has its own private beach and an Alacati-style shopping street lined with things to do in Ankara – this is a unique opportunity to live a life of luxury in Turkey.
These contemporary apartments for sale are suitable for families who are looking to live in a fast-growing district of Antalya in Kepez, just moments away from everyday necessities such as supermarkets and shopping malls.
Designed and built to contemporary standards by a top developer in Antalya, these spacious apartments are found in the residential area of Hurma in Konyaalti and are just a short walk away from the nearest beach.
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.
For sale at bargain prices not to miss out on, this comprehensive project offers outstanding apartments in the residential area of Nilufer in Bursa and even includes an on-site shopping mall providing everything needed.
These tremendous apartments rise in Kartal area of Istanbul and are situated next to Aydos Forest and just a few minutes away from the Marmara Sea – available in various types and sizes for buyers to choose from.
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.
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.
These Title Deed ready apartments are found in a residential area of Kartal and have lovely views heading out towards the Marmara Sea and surroundings – available in multiple types and sizes for small and large families.
This is a unique opportunity to purchase two apartments in Kas – suitable for buyers looking to invest with tenants currently in place providing high income. Located in the Cerciler area of Kas, these units have beautiful views out to the sea.
Completed and ready for buyers to move in, this project offers Title Deed ready homes in a residential area of Kartal on the Anatolian side of Istanbul and is suitable for buyers looking to obtain Citizenship by Investment.