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.
Just moments away from the seafront with tremendous views, these spacious properties are located in a highly residential area of Beylikduzu and are available in sizes ranging from two – five bedrooms for family living in Turkey.
Completed properties for sale in Media Highway Basin Ekspres just a short distance away from the nearest Metro Underground station for commuting towards the city centre within 40 minutes or less – a must see opportunity.
Built as a huge city within a city style project, this mammoth development offers residential homes in Istanbul ranging from one – four bedrooms and is perfect for raising a family in Turkey close to everything you could need.
Overlooking a beautiful green park with outstanding views, this city within a city project is perfect for family living in Istanbul and is offered today at bargain prices that are set to rise considerably as the completion date nears.
Fantastic opportunity to invest in the capital city of Turkey when you purchase one of these designer apartments for sale in Ankara featuring a private beach, shopping street, and so much more facilities for 5-star living.
If you are looking to live permanently in Istanbul, this outstanding project ticks all the boxes and comes highly recommended for viewing in a residential setting close to lifestyle facilities and everything for raising a family in Turkey.
These modern apartments form part of an excellent complex designed for family living in the stunning city of Izmir. Available from two – four bedrooms and fully equipped with social facilities meaning you will never be bored of life here.
Accessible to the centre of Istanbul and Taksim within 15 minutes, these high quality apartments are found in Kagithane and are available in sizes ranging from one – four bedrooms with multiple types for buyers to choose from.
Offered at excellent prices and with payment plans available, these homes are ripe for both lifestyle and investment buyers in Bahcekent, an area undergoing lots of growth and are close to public transport for city commuting.
Just five minutes away from the world famous Bagdat Avenue is this world class project of apartments ranging from one – five bedrooms in size, meaning there is something for all budgets and family sizes here.
Listed today at pre-launch prices are these exceptional apartments in Bahcesehir, found within a project featuring a shopping avenue and extensive facilities designed for year round living in Istanbul just 20 minutes from the third airport.
Find luxury apartments in Bahcesehir in Istanbul, just five minutes walking distance from a Metro station stop coming in 2018, making this project ripe for investment today – choose from units measuring up to three bedrooms.
Just 150 metres away from this project entrance is a new Metro Underground line set to be opened in 2018, resulting in property prices increasing sharply. This is an excellent opportunity to purchase a home in Istanbul.
Do not miss out on this opportunity to invest in these hotel-like residences before they have even gone to market properly. Expect to see huge price increases on these properties before completion at the end of 2017. An opportunity like this doesn't come about too often.
Stunning apartments in Turkey for sale that come with an excellent rental potential for those investors amongst you. Perfect to be used as a summer holiday home or as a getaway Turkish property due to it's location close to one of the nations most loved beaches.
With the construction of the third bridge, time taken to travel between Yalova and Istanbul will drop to a hugely impressive 20 minutes, making properties here a great purchase for those who are seeking to invest in their future.
Central to this marvellous project is a superb lake where residents can sail and enjoy the absolute waterside location in Bursa. A fine example of how this region is developing into one of the hotspots for investment in Turkey. Grab an apartment and take in a luxury lifestyle.
One of the most relaxing locations in all of Turkey, Yalova real estate offers thermal spas and escapes for those looking to enjoy perfect nature within driving distance to Istanbul. Stunning apartments at great prices with advantageous payment plans in place.
These bargain priced properties are your ideal escape to your own piece of heaven in quiet settings in peaceful Dalaman in Turkey. Grab one of these units today and enjoy the large swimming pool and ample garden space for you and your children to indulge in daily.
Well placed in the region are these spacious and highly desired apartments offering you everything you could need for your year round requirements in Turkey. Choose from a range of apartments or penthouses, all well priced for superb investment value and holiday needs.
Located just ten minutes away from Fethiye Centre and within easy walking distance of the nearest beach and promenade is this fantastic Calis apartment – suitable for those looking to live in Turkey permanently.
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.