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.
Fantastic apartments for sale in the sought after area of Beykoz in Istanbul, looking out towards the sea and beautiful skyline of Istanbul within a top project with comprehensive social facilities for residents to use.
Looking out towards the sea with an uninterrupted view, this magnificent villa is found in a quiet area of the Kas Peninsula and is a must see for those looking to obtain a high quality of life with their purchase of real estate.
In front of a large green park with a fantastic sea view, this spacious apartment is for sale in the Lara area of Antalya and is a must see for those relocating with their children to Turkey – this is a rare find on the market.
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.
Built to luxury standards throughout, this excellent apartment is located in Kadikoy area of Istanbul and is moments away from Bagdat Avenue, where hundreds of international brands, shops, and daily amenities await.
Available today at an exceptional price not to miss, this stunning villa is located in a peaceful area of Gocek in Turkey and is perfect for those who love sailing, with the nearest harbour accessible within a matter of minutes.
With eight bedrooms inside, this property has enough space for the largest of families to live comfortably in Kemerburgaz area of Gokturk in Istanbul – complete with beautiful views out towards the Belgrade Forest.
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.
Charm Blue - Located directly at the seafront, these luxury apartments are for sale in Zeytinburnu area of Istanbul close to public transport for commuting and forming part of a 5-star complex fully equipped with social areas and on-site facilities.
Full forest and Bosphorus Sea view villa for sale in an elite compound in the highly sought after area of Sariyer in Istanbul – suitable for escaping from the busy city centre to peaceful living to raise a family abroad.
Surrounded by nature for a completely private lifestyle in Istanbul, this beautiful home is found in Beykoz area of the city and is ideal for family living away from the city centre – arrange a visit by calling or contacting us today.
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 5-star properties are located at the beachfront in Turkbuku and provide access to a sandy beach and wealth of on-site social communal areas for a luxury lifestyle in Turkey – choose from apartments and villas available.
Looking out towards the sea with charming views, this spacious villa has everything in place for family living in the Sariyer area of Istanbul and is situated within its own private garden for relaxing and spending time outside.
Outstanding private mansion villa for sale in Dosemealti area of Antalya, designed and built to luxury standards from top to bottom – this is one of the best examples of quality real estate surrounded by nature and views.
Constructed to luxury standards by a top developer in Fethiye, this new detached villa is found in a residential area of Calis and is just a short walk away from the famous beach for relaxing and spending time at the seaside.
Tucked away in Dalyan is this huge property with an unlimited amount of space for someone looking for the ideal getaway in Turkey all set within a mature garden. With five spacious bedrooms, there is room for the whole family to enjoy without stepping on each others toes.
Finest sea view panoramic homes for sale in Istanbul – these brand new properties form part of a deluxe project just above West Marina in Beylikduzu and have access to a full range of 5-star on-site social facilities and areas for residents.
5-star apartments for sale at the seafront in Zeytinburnu, offering access to a world class marina and designed by a British architect to exceptional standards. Choose from homes ranging from one – five bedrooms in size.
Built to luxury standards throughout, this brand new apartment is located in Karsiyaka area of Izmir and enjoys a gorgeous view stretching for as far as the eye can see from a panoramic terrace attached to the living room.
At the seafront with gorgeous views and access to a full range of social facilities and on-site areas is this brand new apartment in Konyaalti for sale – this flat would make for a stunning home for all the family to live.
This incredibly big property has enough space to house the largest of families and is nestled away in Ciftlik area of Calis in Fethiye for sale – all just a short five minutes driving distance away from the beach and promenade.
Built to 5-star standards by a top developer, this brand new development is located in a prime area of Konyaalti in Antalya and offers apartments for sale in sizes up to five bedrooms with normal floor and duplexes available.
Suitable for year round luxury living, this designer villa is found in a quiet area of Ovacik in Fethiye and offers an abundance of privacy for those looking to escape to Turkey surrounded by nature and green views aplenty.