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.
{{show ? 'Hide the text' : 'Continue Reading'}}For sale at a promotional price for a limited period only, this outstanding sea view villa is found in the peaceful area of Gundogan in Bodrum and is situated within its own private green landscaped garden with swimming pool.
1km away from the nearest beach with views of the sea and surroundings, this project offers luxury-designed villa for sale in Kalkan area of Turkey and is highly recommended as one of our top picks in the region.
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.
These elite villas are located in Cekmekoy on the Anatolian side of Istanbul and have seven bedrooms inside for the largest of families to live together – complete with their own private gardens and swimming pools.
Dating back over 1,000 years, this unique home has been restored with approval from the Ministry of Culture and is located in Kayakoy area of Fethiye – complete with a swimming pool and private garden.
Built to luxury standards, these sea view villas are for sale in Koyunbaba area of Yalikavak and have their own private swimming pools and landscaped gardens – ideal for families and those raising children.
In the heart of Beyoglu, this is a golden opportunity to purchase a boutique hotel in Istanbul – fully operational with a Hotel Management Licence in place and just a few minutes walking distance away from Taksim Square.
Renovation project for a serious investor looking to open up their own boutique hotel in Antalya. The sky is the limit with this one, the tourism industry in Turkey is continually growing with over 30 million tourists in the last year alone, so here is your chance to grab a piece of the action and enter the Turkish real estate market in a big way.
This luxury-designed home has six bedrooms and ample space for the largest of families looking to relocate to Fethiye on a permanent basis – complete with features including a sauna, Turkish Bath, and private pool.
Suitable for year round living within the Geris area of Yalikavak, this beautiful home has a piercing unobstructed view heading out to the sea and is just five minutes away from the centre and famous Marina.
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.
A three bedroom villa in Istanbul well located offering a great option for those seeking peaceful districts to live in, yet with good access to historic districts. A great price for a home of this quality and one that should be take seriously by those looking to purchase in the near future.
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