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.
Centrally located in Istanbul, these affordable apartments are nestled in Kagithane and form part of a boutique project built to high standards throughout – just a few minutes away from the Central Business District.
Suitable for Turkish Residency applications, this beautiful apartment is for sale within the peaceful area of Adabuku in the Bodrum Peninsula and has fantastic views heading out towards the pool and Lake.
Listed at an excellent price today, this bargain Alanya villa is perfectly placed for both investors and lifestyle buyers looking to enjoy the best of modern life in Turkey, along with a peaceful setting overlooking the sea with striking views.
Built to excellent standards by a top developer in Bodrum, this quality complex offers a range of apartments for sale in Konacik and is close to amenities and shops – for more information, please call or contact us today.
Available in various types and sizes, these luxury-designed apartments are for sale within the Central Business District of Maslak in Istanbul and have access to a full range of social facilities and spaces for residents.
Built to elite standards by a top developer in Turkey, these incredible properties are situated in Bodrum between Gumusluk and Turgutreis with buyers able to choose between villas and apartments in several different types.
Suitable for year round living in the ever-growing central district of Kagithane, these new apartments are just ten minutes away from Taksim in one direction and Maslak in the other direction, making them a must see.
Within walking distance to two metro stations for easy access to the city centre, this project is situated on the Asian side in Yamanevler in Istanbul and offers apartments for sale ranging from one – five bedrooms for all budgets and family sizes.
Just a short two minute walking distance to the beach is this stunning project offering a superb investment value for someone looking to capitalise on all that is great in Antalya today. Placed overlooking the river and with superb facilities for residents - very well priced and one not to be missed.
Walking distance from the International Finance Centre, these luxury-designed residences are for sale in Umraniye on the Anatolian side of Istanbul and form part of a superb complex with a range of amenities within.
An outstanding investment opportunity for those looking to buy in the central heart of Istanbul, these apartments are for sale in Topkapi area and form part of an extensive project with a full range of social facilities.
Forming part of a high quality complex with access to green mature gardens and a central swimming pool are these fantastic apartments in Adabuku for sale, nestled just a short distance away from local amenities.
In the very heart of Istanbul, these apartments are perfect for lifestyle and investment buyers and are found in an area of Bomonti currently undergoing lots of urban regeneration – this is an opportunity that you do not want to miss out on.
Offering various different types of apartments for sale in central Istanbul, these Kagithane properties are perfect for investors and lifestyle buyers looking to live in Turkey on a year round permanent basis.
Located in the city centre of Istanbul in the sought after area of Bomonti, these properties are available today in sizes ranging from one – four bedrooms and are just a short five minutes away from Taksim Square making them a must see.
Charm Blue - 5-star properties located in the elite area of Zeytinburnu in Istanbul, situated just a few metres away from the sea with outstanding views stretching endlessly. This is one of the most equipped complexes that you will find in the entire city.
Built to luxury standards, these apartments are for sale in the highly desired area of Maslak and are within walking distances to a Metro and long 1.5km street lined with restaurants, shops, and everyday necessities.