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.
Detached villa known as the White House in Uzumlu, Turkey for sale. Boasting a large open gallery in the living room, the property is set to be completed just in time for summer, meaning you can enjoy a fabulous sun-drenched holiday this year in this brand new luxurious home.
Fethiye
Designed and built to luxury standards from top to bottom, this contemporary detached villa is found in the heart of Hisaronu village centre just minutes away from everything needed and has its own private pool and landscaped garden.
Fethiye
Four bedroom detached house for sale in Turkey, located in a peaceful area within walking distance to the centre of Hisaronu where you will find an abundance of local cafes, shops, international restaurants, and daily necessities.
Fethiye
Located right beside the sea and promenade with uninterrupted views, this fantastic duplex apartment is for sale in the heart of Fethiye Town and has access to shared landscaped gardens and a lovely swimming pool.
Fethiye
In the city centre of Istanbul, these Taksim apartments are just a short walking distance away from Istiklal Avenue and are a must see for those looking to buy within an area of historical and cultural significance that is undergoing regeneration.
Istanbul
In the heart of Fethiye Town, this spacious detached villa is found in Akarca and is on the market today as completely furnished and decorated – ready for a family to move in as soon as the purchase has been finalised.
Fethiye
Take in sublime panoramic views over the sea when you invest in one of these modern properties for sale in Bodrum just minutes away from the centre and sea area. These properties tick all the boxes and are ones not to be missed. In a rare location.
Bodrum
With six bedrooms inside, this villa has more than enough space for the largest of families to relocate to the residential area of Calis in Fethiye and is just 500 metres away from the busy promenade and restaurants.
Fethiye
Built to luxury standards throughout, this villa is located within a complex in Dosemealti and has access to a swimming pool and green gardens – ideal for those who are looking to relocate to Turkey with young children.
Antalya
Recently renovated and refurbished, this is a unique opportunity to purchase two stone houses in the historical area of Kayakoy in Fethiye – situated within a large plot of land with spacious swimming pool and gardens.
Fethiye
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.
Kemer
Specially designed and built to luxury standards throughout, this brand new detached villa is found in a residential complex in the sought after Kemer area of Turkey and offers six bedrooms for the largest of families to live inside.
Kemer
Enjoying sweeping panoramic sea views, this luxury-designed villa is for sale in Kalkan and is just a few minutes away from daily shops and amenities – perfect for summer vacations or even year round living with a family.
Kalkan
Just metres to the sea areas is this beautiful modern villa for sale in Kalkan, a great opportunity for those looking to buy in Turkey's next top destination for overseas real estate - Kalkan. Overlooking Kalamar Bay and enjoying great views throughout, this is a must see listing for those looking for something special.
Kalkan
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