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.
Close to the beach and local amenities, this boutique hotel offers serviced apartments for all types of traveller looking to spend summers in Turkey – this is a unique investment and one that comes highly recommended.
Built using locally sourced stone, this magnificent villa is found in a residential area of Side in Antalya and has its own garden and swimming pool – all just a short drive away from the popular beaches and daily amenities.
Ready to move in, these spectacular properties are found in a residential area of Lara in Antalya and are just 1km away from the beach for relaxing and spending endless summer days with loved ones at the seaside.
Within ten minutes to the nearest beach, this fantastic hotel is located in Kemer region of Antalya and is for sale as completely furnished – ready for new investors with a long history of profit and high occupancy rates attached.
Built to luxury standards throughout, this excellent apartment is located in Kadikoy area of Istanbul and is moments away from Bagdat Avenue, where hundreds of international brands, shops, and daily amenities await.
Available today at an exceptional price not to miss, this stunning villa is located in a peaceful area of Gocek in Turkey and is perfect for those who love sailing, with the nearest harbour accessible within a matter of minutes.
Suitable for obtaining Turkish citizenship through means of investment, this superb apartment is located inside a top complex in Tarabya area of Sariyer in Istanbul and offers three rooms for a family to live comfortably.
With eight bedrooms inside, this property has enough space for the largest of families to live comfortably in Kemerburgaz area of Gokturk in Istanbul – complete with beautiful views out towards the Belgrade Forest.
Designed to luxury standards and located in the centre of Istanbul, this Cihangir apartment is found in a boutique building close to shops, restaurants, and bookstores and is just moments away from Taksim Square and Istiklal Avenue.
This is an absolute must see in Buyukcekmece, one of the top projects in the entire area and one that is located on the coastline with lots of family orientated facilities including a Marina Bazaar and Performance Square – do not miss this opportunity.
Belview Istanbul listed at affordable prices for a stunning sea view, these brand new apartments are found on the Anatolian side of Istanbul in a residential area and are just minutes away from public transport for those looking to work in the city centre.
Charm Blue - Located directly at the seafront, these luxury apartments are for sale in Zeytinburnu area of Istanbul close to public transport for commuting and forming part of a 5-star complex fully equipped with social areas and on-site facilities.
This luxury-designed villa is a must see for someone looking to buy the very best real estate available in Ovacik area of Fethiye – this home is on the market as completely furnished and is ready to move in immediately.
3.5 star hotel for sale at the beachfront in Kemer, just a short walking distance away from the sea and even closer to all daily amenities including top restaurants, local shops, and public transport for moving around.
In the centre of Kemer, this 4-star hotel is within easy walking distances to some of the best restaurants, boutique shops, and stores in the region – offering 84 rooms for hundreds of potential visitors to stay in Turkey.
Full forest and Bosphorus Sea view villa for sale in an elite compound in the highly sought after area of Sariyer in Istanbul – suitable for escaping from the busy city centre to peaceful living to raise a family abroad.
Suitable for year round living within an elite area of the city, this superb apartment is located in Tarabya area of Istanbul and is just a short two minute walking distance away from the Bosphorus Sea for relaxing.
Surrounded by nature for a completely private lifestyle in Istanbul, this beautiful home is found in Beykoz area of the city and is ideal for family living away from the city centre – arrange a visit by calling or contacting us today.
Shrouded in privacy by nature and trees, this spacious villa is found in Zekeriyakoy area of Sariyer and is suitable for family living in a sought after area of Istanbul, just a few minutes away from schools and amenities.
Suitable for family living in a quiet area of Istanbul, this Silivri villa has all the makings of a wonderful home at the seaside in Turkey and is just a few minutes away from popular beaches and daily necessities.
Spacious family home for sale within a residential compound in Zekeriyakoy area of Sariyer, suitable for permanently living in Istanbul with loved ones just a short two minute driving distance away from a British school.