Find Your Ideal
Home & Investment
Find Your Ideal Home
& Investment
Real Estate
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.
Built to modern standards throughout, these spacious apartments rise in Cengelkoy in Uskudar and are available to purchase in various sizes – suitable for families and those wanting to move to Istanbul.
Istanbul
Enjoying incredible views of the sea and surroundings, these fantastic properties are for sale in the sought after and peaceful area of Adabuku within the Bodrum peninsula and are just 15 minutes away from the airport.
Bodrum
Suitable for year round living with a family, these spacious apartments are nestled within a private area of Beylikduzu and have sweeping sea views – all just a few minutes away from the famous West Marina.
Istanbul
For sale at a great price for the location and quality, this five bedroom house is found in Calis and has its own mature garden and private swimming pool – this listing would be ideal for those looking to move to Turkey.
Fethiye
Built to modern standards throughout, these contemporary apartments are for sale in Dikilitas area of Besiktas and are ideal for Turkish Citizenship – all just a few minutes away from local amenities and transportation.
Istanbul
Fully completed and ready to move in immediately, these luxury-designed apartments are for sale within the city centre of Istanbul in Bomonti district – just a few minutes away from shops and all daily necessities.
Istanbul
Ready for buyers to move in as soon as the purchase process has been completed, this top project offers apartments for sale in a desired area of Izmir and is suitable for those wishing to obtain Turkish Citizenship by Investment.
Izmir
Close to daily transportation and all amenities, these modern apartments are for sale within the central area of Zeytinburnu in Istanbul and are highly recommended for viewing as a top pick for investors and lifestyle buyers.
Istanbul
This is a unique opportunity to invest in a quality shop in Gungoren area of Istanbul, these commercial properties have a rental guarantee in place for three years and are recommended for viewing as soon as possible.
Istanbul
Located just a short walk away from the nearest Metro station and seaside, this superb project is perfect for city commuting or relaxing besides the sea in a residential and highly sought after area of Beylikduzu in Istanbul.
Istanbul
Located within Zone 1 Besiktas area of Istanbul, these fantastic apartments are ideal for Airbnb and have a rental guarantee system in place for investors – enquire today to arrange your visit at the earliest opportunity.
Istanbul
Suitable for year round living with a family, this beautiful villa is nestled on the outskirts of Calis within the Ciftlik region and is a must see for those seeking a luxury home – complete with a swimming pool inside and outside.
Fethiye
Located in the crowded finance and business district of Maslak, this tremendous property is a top investment opportunity in Istanbul and will provide a healthy rental income stream for the years to come for the buyer.
Istanbul
Close to everything needed on a daily basis, this exciting development offers apartments and villas for sale in Gokturk and is a must see for those with children and those relocating to Turkey permanently.
Istanbul
Luxury apartments situated in the sought after area of Kadikoy on the Asian side of Istanbul, offered today ranging from one – four bedrooms with access to a full range of social facilities and on-site areas for residents.
Istanbul
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