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.
Designed and built for family living in a residential area of Beylikduzu in Istanbul, these properties are for sale at bargain prices today and have access to 130 on-site shops and commercial units leaving you with no reason for leaving the grounds.
Located in a peaceful area on the outskirts of Gulpinar, this three bedroom house is ready to move in immediately today and features a private pool with meticulously landscaped garden for spending an abundance of time outside.
Offering a 5-star lifestyle for everyone who invests, these brand new apartments are located in Buyukcekmece Lake area of Istanbul and form part of an excellent development with a full range of social and communal facilities.
Suitable for those wanting to obtain citizenship with their purchase of real estate in Turkey, this top project offers apartments for sale in sizes ranging up to four bedrooms and has now been completed to excellent standards.
Located in the new international financial centre of Istanbul, these Atasehir properties are available from one – three bedrooms for sale and come highly recommended for viewing for those looking to invest in Turkey.
Directly above a Ring Road for moving and commuting, these apartments are located in a residential area of Izmir and are for sale at bargain prices not to miss – found within a top complex with a range of facilities.
This outstanding development offers a full range of apartments for sale in sizes from one – four bedrooms in a residential setting of the city tucked away from the centre yet within easy driving distance for those commuting and working.
Offered today at entry level prices, this is an outstanding investment opportunity in the central heart of Istanbul situated in Gaziosmanpasa within short commuting times to Taksim – this is an unmissable project with prices set to rise by 40% before completion.
Just 15km away from the International Airport, these brand new apartments are for sale in a residential area of Kepez in Antalya, forming part of an excellent complex with on-site commercial areas and daily shops.
Built to luxury standards is this stunning two bedroom apartment for sale in a central area of Izmir in the sought after Karsiyaka neighbourhood – just minutes away from the centre and close to public transportation for moving.
A few minutes away from the seaside, these brand new apartments are tenanted with a rental guarantee in place for three years after purchasing – found in a residential area of Beylikduzu overlooking natural green surroundings.
Panoramic sea view apartments for sale in Cesme just metres away from a private beach with long pier for relaxing on a daily basis – this is a high-tech development full of 5-star facilities reminiscent of a grand hotel.
Designed and built with luxury living in mind, this superb complex offers beautiful flats for sale in the Kestel area of Alanya with tremendous views heading out towards the sea and nature surroundings stretching far.
Overlooking the sea with gorgeous views, this duplex apartment is located in an exclusive area of Kas and is close to daily amenities needed for year round living or spending long summer vacations in Turkey with loved ones.
Listed for sale at bargain prices, these family properties are just seconds away from the Marmaray train for connecting towards the centre of Istanbul – found in an elite area of Bahcesehir with lovely nature and valley views.
For sale at bargain prices, these apartments are located in a central area of Istanbul in the investment rich Kagithane just moments from transport and highways for commuting and moving towards the city centre with ease.
This delightful apartment is located in a central setting of Marmaris and is just a short walk away from the beach, sitting in a top complex with shared swimming pool and landscaped green gardens suitable for relaxing outside.
Suitable for Turkish Citizenship by Investment, these spacious properties are located in the heart of Istanbul in Eyup area of the city just a short commuting distance for those looking to live and work in Turkey on a permanent basis.
Overlooking the sea with a gorgeous view, this three bedroom apartment has been renovated throughout and is located in the remote area of Datca, for sale as fully furnished and ready to move in immediately – this is a must see.
Featuring 5-star on-site facilities including a shopping street full of branded shops, this is an opportunity not to be missed in the Eyup area of Istanbul, within easy travelling distances to the city centre for commuters and lifestyle buyers.
Designer residences for sale in the Narlidere area of Izmir enjoying an uninterrupted panoramic view of the sea and surrounding forests – available for purchase in sizes from two – four bedrooms and fully completed.
Perfect for lifestyle buyers looking to live in Istanbul, these Beylikduzu homes feature a unique open concept shopping mall with 113 daily stores to browse, along with swimming pools for men, women, and children, and so much more.
Just minutes away from the nearest shopping mall, Metro station, and top rated schools, these brand new apartments are for sale in Izmir and are suited for those looking to live in the city on a long term basis – a must see development.