Find Your Ideal
Home & Investment
Find Your Ideal Home
& Investment
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.
Offering high quality apartments at excellent prices, this project is found in the centre of Istanbul in the fast-growing and developing Kagithane area – making these homes suitable for those wanting to invest in Turkey.
Right at the seafront with access to a private beach measuring 20,000m2, these luxury designer apartments are found in Kadikalesi and are suitable for year round living within one of the most sought after developments in Bodrum.
Title Deeds are in place, making this apartment suitable for those wanting to obtain Turkish Citizenship through means of real estate investment – located within one of the most highly desired projects in the city centre of Istanbul.
Built to contemporary standards by a top developer, this project offers deluxe villas for sale in the highly residential area of Geris in Yalikavak and is just 700 metres away from the nearest beach for relaxing at the seaside.
Forming part of a 5-star compound fully equipped with extensive facilities and social areas, this tremendous villa is for sale in Beykoz in Istanbul and represents one of the best examples of real estate in this area of the city.
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.
Within minutes to the world famous Oludeniz Beach and Ovacik centre, this high quality villa is nestled away on the mountainside with tremendous views and would make for a lovely year round permanent family residence.
Brand new property ready to move in immediately, this detached villa is found in the quaint town of Gocek and has its own private pool and garden – all just minutes away from the famous Marina for those who love sailing.
Apartment building suitable for investment in the residential area of Gursu in Konyaalti, just a short 500 metre walking distance from the famous beaches and within close proximity to all daily amenities and lifestyle shops.
Within metres to a large shopping mall offering a range of daily shops and amenities, this brand new project is located in Kagithane area of Istanbul and offers apartments for sale in sizes ranging up to three bedrooms.
Surrounded by pine forests and natural views, this fantastic property is located in a quiet area of Ovacik and is completely furnished and ready to move in immediately – situated within its own private garden with swimming pool.
Infinity swimming pool detached villa for sale in a residential area of Yalikavak in Bodrum, just a short 300 metre walking distance from the beach and within close proximity to daily shops and local amenities in Turkey.
Forming part of an excellent complex in Yalikavak, this contemporary apartment is tucked away in a quiet area and is close to the nearest beach for relaxing and spending afternoons at the seaside with loved ones.
Fully completed and ready to move in, these designer villas are located in the elite and highly sought after area of Buyukcekmece in Istanbul, just minutes away from the Lake in a peaceful area surrounded by greenery and nature.
Beautiful sea views, rare location close to Bodrum Palmarina, and remarkable quality – this project of only six villas is a sublime effort and one that guarantees a luxury lifestyle for anyone who purchases a home here.
Constructed to excellent standards using locally sourced stone, this detached villa is found in a residential area of Konacik in Bodrum and forms part of a high quality complex with shared swimming pool and landscaped gardens.
Built to luxury standards by a sought after developer in Bodrum, this outstanding property is for sale in Ortakent and forms part of a top complex just 500 metres away from the nearest beach for relaxing at the seaside.
Bungalow style villa for sale in Konacik area of Bodrum, looking down towards the sea with a panoramic view from a private garden with pool – this listing is on the market as completely furnished and is an absolute must see.
Beautifully kept and maintained villa for sale in Kayakoy Ghost Town area of Fethiye, situated within its own landscaped gardens with pool and lovely views heading out towards famous landmarks and historical archaeological sites.