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.
This state-of-the-art project is located in Gumusluk and is just a short elevator ride away from an extensive private beach area meaning that residents will always find their private spot besides the ocean on a daily basis.
Boasting spectacular panoramic views across the islands and sea, these outstanding properties form one of the best developments in Gumusluk and enjoy access to a private beach, swimming pool, and even restaurants.
In the sought after location of Camlica on the Asian side of Istanbul, this five-star development offers residences in many different types and sizes, and offers flexible payment terms for those looking to spread the cost over an affordable period.
Offering a modern yet authentic design, these villas have been designed by a famous Turkish architect and there are only 5 in total available in Gumusluk, Bodrum. Overlooking the bay, the location is one to be desired, while the design is one to be admired.
Boasting a smart home system allowing residences to be controlled via the touch of a button, these incredible sea view properties in Istanbul enjoy a fantastic location in a new coastal city district and are fully equipped with facilities.
With dramatic panoramic views across the sea, this stunning eight bedroom mansion has luxury features including a home gym, relaxing sauna, and steam room. This is an incredible opportunity to purchase one of the best homes in Turgutreis.
Right at the waterfront in the prestigious area of Atakoy, this amazing project is just minutes away from Ataturk Airport and features a 5-star hotel within the grounds and facilities managed by world famous Jumeirah Hotels.
Private living is guaranteed with this huge expansive villa for sale in Buyukcekmece just metres away from the sea with dramatic views across the ocean and beyond – this is a home for those looking for the very best in Istanbul.
Designed by a world renowned architect, these properties are centrally located and offer a luxury lifestyle like never before seen in Turkey – this is one of the most prestigious projects that you will find in the entire country today.
An iconic and simply beautiful building in Istanbul that is set to be the largest constructed in the city once completed in 2016. A remarkable project and opportunity to place yourself high in the sky looking out over the stunning settings in the centre close to Maslak.
Overlooking Sapanca Lake and green surroundings is this highly exclusive estate of just seven high quality modern homes for sale, each one set within its own private plot with landscaped garden and large swimming pool.
Overlooking the sea of Marmara is this luxury designed complete project of apartments with all facilities and amenities that you would expect to find in any top quality project in the city today. Well placed for year round living needs in Istanbul with access to a beach and marina close by.
A home so beautiful that it has been featured in numerous decor magazines, this mansion is designed using contemporary-fusion architecture and is one of the most impressive that you will find in Ortakent today – a must see.
Designed to cater towards those seeking a luxury lifestyle, this incredible villa is found in the gorgeous settings of Zekeriyakoy and is part of one of the top compounds in the area – offering private living and exquisite on-site facilities.
Designed from top to bottom with luxury living in mind, this project has been constructed using carefully selected materials and guarantees homeowners a stunning residence to call their own. Please call us for more information.
Perched just above West Marina in Istanbul is this spectacular project of apartments and villas for sale at competitive prices in an area fast developing as a getaway spot for those looking to escape from city centre life to a peaceful abode with amazing views.
Following from our huge success of our flagship White House design across the South Coast of Turkey, we are pleased to bring the same design to Istanbul – be the first to invest in one of these exquisite villas in Silivri.
Not only is this huge property set within a large plot ensuring total privacy and an exclusive lifestyle, but you will also find a separate guest house on the grounds, giving you the perfect chance to invite friends and family over to visit, or perhaps even rent the unit out to tourists.
Amazing project of huge expansive villas on the European side of Istanbul, situated just 40 minutes away from the city centre and business districts. For anyone looking to escape from the city with his or her family, this is the house for you.
Breath taking views over one of the most beautiful bays in Bodrum; Tilkicik Bay is just the tip of the iceberg as to why these beachfront properties are a must see for anyone who is looking for luxury real estate in Bodrum this year.
This outstanding home features a water mill of more than 200 years of age that generates free water and electric energy for this fantastic home designed by a renowned architect in the peaceful area of Inlice Village.