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 public transportation and other local shops, this tenanted property is located in a busy area of Beylikduzu and ticks all the boxes for investors looking to purchase shops with large rental income in place.
With a long term tenant and contract in place, this is an exceptional opportunity to purchase a shop in a residential area of Bahcesehir and comes highly recommended for viewing at the earliest opportunity in Turkey.
Everything inside this house is customisable by the buyer – number of bedrooms, bathrooms, living rooms – create the home of your dreams in the highly sought after Buyukcekmece area of Istanbul with a gorgeous sea view.
Huge sized shop for sale in the residential area of Kucukcekmece in Istanbul, located just moments from large family complexes and houses – this supermarket is currently tenanted by a national brand on a long term contract.
Outstanding private mansion villa for sale in Dosemealti area of Antalya, designed and built to luxury standards from top to bottom – this is one of the best examples of quality real estate surrounded by nature and views.
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.
Branded Migros supermarket in a residential area of Istanbul, found in Basaksehir with a long history of rental income and potential for an investor – opportunities like this are few and far between, enquire today for details.
Beautiful family home for sale in a residential area of Dalaman, situated in a huge plot assuring complete privacy and an exclusive lifestyle guaranteed for those looking to escape to Turkey – one of the best in this part of the country.
Brand new supermarket for sale with a long term tenant in place – guaranteeing the buyer years of rental income in sought after Esenyurt, situated along a busy high street close to housing projects and public transport.
This is a national supermarket for sale in a residential area of Istanbul, suitable for someone looking to invest in commercial real estate with a long term tenant in place – opportunities like this are rare to the market.
Superb investment opportunity to purchase an entire commercial building in the Lara area of Antalya with 5-6% expected annual income for anyone looking to invest in Turkey today – contact us for full details and further information.
If you are looking for a 5-star property in Antalya, look no further than this exquisite luxury designed home with a spectacular interior and huge gardens ensuring your privacy and exclusivity is attained at all times.
Close to West Marina with striking nature views, this brand new villa forms part of a private estate in the Beylikduzu area of Istanbul and is ideal for those seeking a life of luxury within easy commuting distances to the centre.
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.
This is a rare opportunity to purchase two sea view apartments in the very centre of Kas, just a short walk away from town amenities and daily necessities. Both residences have space inside for families to live together on a permanent basis.
This is a special property – this penthouse apartment rises in Umraniye on the Anatolian side of Istanbul and has supreme views over the city and sea. Luxury features include a home gym, cinema room, and winter garden.
Fully furnished and ready to move in today, this beautiful home is nestled within the residential area of Narlidere in Izmir and is highly recommended for viewing – this one won’t be on the market for very long.
Run and operate your own successful business in Istanbul when you invest in this popular restaurant for sale in Avcilar – fully furnished and with an amazing payback period of less than five years on the original investment.
Just a few metres away from the sea with direct access to the water, this outstanding villa is for sale in the sought after area of Buyukcekmece in Istanbul and features a plethora of custom-designed furniture and extras.
These Kundu villas have been constructed with a touch of luxury and are highly suitable for buyers looking to apply for Turkish Citizenship by Investment – this is a golden opportunity and one not to miss out on.
Located just a few metres away from the sea with beautiful views is this lovely house for sale in Buyukcekmece area of Istanbul – suitable for buyers who are looking to obtain a Turkish Passport after buying real estate.
Built to luxury standards throughout, this charming home is nestled within a residential area of Yalikavak and is just a few minutes from the beach – ideal for those looking to relocate with family and loved ones.