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.
Located in a top district of Antalya, these contemporary apartments are for sale at bargain prices and form part of an excellent complex with social facilities including a swimming pool, landscaped gardens, and fitness centre.
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.
Forming part of a high quality complex with access to green mature gardens and a central swimming pool are these fantastic apartments in Adabuku for sale, nestled just a short distance away from local amenities.
Available in various types and sizes, these fantastic apartments are for sale in the Kadikoy-Fikirtepe area of Istanbul in a residential area just a few minutes away from daily necessities and public transport for moving.
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.
This project has been equipped with a range of social facilities and shared spaces for those who are looking to relocate to Bursa with their loved ones on a permanent basis – rising in the fast-growing area of Nilufer.
Live in a peaceful area of Bursa when you purchase one of these lovely apartments for sale at bargain prices in the growing district of Nilufer – just a few minutes away from necessities such as schools and shopping malls.
Available for sale at a bargain price, this detached villa is nestled in a peaceful area of Ovacik within the Fethiye region and is fully furnished – ready for a new family to move in as soon as the purchase process has been completed.
Ready to move in immediately, these completed apartments rise in the Beykent area of Buyukcekmece and have access to a shopping mall within the grounds of the site – providing everything needed on a daily basis.
These residences are for sale in the Beykent area of Buyukcekmece and have fantastic views heading out towards the sea, lake, and city landscape – suitable for those who want to live in the city permanently.
Priced to sell, this bargain project offers superb apartments for sale on the Anatolian side of Istanbul in the highly residential area of Fikirtepe – a few minutes away from Kadikoy where numerous restaurants and shops are found.
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.
These apartments have Title Deeds in place and are now fully completed – ready for buyers to move in and available up to four bedrooms in the residential and fast-developing area of Umraniye on the Anatolian side.
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.
Available in sizes up to four bedrooms, this contemporary project offers modern apartments for sale in the Sefakoy area of Kucukcekmece and is close to public transportation for moving and commuting to the centre.
For sale at excellent pries not to miss, these modern apartments are found in Sefakoy area of Kucukcekmece and are within close proximity to shopping malls, international schools, and everything else needed.
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.
Within 100 metres to a Metro station for those commuting and working in Istanbul are these high quality apartments for sale in Kagithane, forming part of a top complex with on-site shops and social facilities to enjoy.
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.