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.
Surrounded by greenery and lush views stretching endlessly, these peaceful apartments rise in a residential neighbourhood in Beylikduzu in Istanbul and are just minutes away from schools and other family necessities.
These low-rise apartments are perfect for buyers that are looking to live within a peaceful neighbourhood on the Anatolian side of Istanbul in Cengelkoy – forming part of an excellent project with lots of green spaces.
Offering various different types of apartments for sale in central Istanbul, these Kagithane properties are perfect for investors and lifestyle buyers looking to live in Turkey on a year round permanent basis.
Available for buyers as villas or apartments, these spectacular properties are for sale in Bodrum and have access to a private sandy beach within easy walking distance – for more information, please contact us today.
Minutes from the nearest Metro and daily amenities, these contemporary apartments are for sale in Kadikoy on the Anatolian side of Istanbul and have access to a vast range of social facilities and shared spaces within.
Forming part of a high quality complex with access to green mature gardens and a central swimming pool are these fantastic apartments in Adabuku for sale, nestled just a short distance away from local amenities.
Available in various types and sizes, these fantastic apartments are for sale in the Kadikoy-Fikirtepe area of Istanbul in a residential area just a few minutes away from daily necessities and public transport for moving.
Ready to move in immediately, these completed apartments rise in the Beykent area of Buyukcekmece and have access to a shopping mall within the grounds of the site – providing everything needed on a daily basis.
Available in sizes up to four bedrooms, this contemporary project offers modern apartments for sale in the Sefakoy area of Kucukcekmece and is close to public transportation for moving and commuting to the centre.
Right in the heart of Bodrum city centre, these contemporary apartments have Title Deeds in place and are five minutes away from everything needed on a daily basis – enquire today for more information before these have been sold.
Looking out towards the sea with a peaceful view, this resale apartment in Izmir is found in the residential neighbourhood of Karsiyaka and is suitable for buyers looking to obtain Turkish Citizenship by real estate investment.
Centrally located in Bomonti in an area undergoing urban regeneration, these apartments are bargain priced and are highly recommended for both investors and lifestyle buyers with options ranging from studios – three bedrooms.
Right in the heart of the city, this is a fantastic opportunity to invest in a commercial shop for sale in Bomonti area of Sisli district in Istanbul – just a few minutes walking distance away from Metro stations, restaurants, and more.
These family apartments are found in the desired area of Esenyurt in Istanbul and form part of a high quality complex 50 metres from a Subway for commuting and moving around the city towards the centre on a daily basis.
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.
Located just 50 metres away from a subway station, these excellent apartments are found in Esenyurt area of Istanbul and are suitable for families wanting to live in the city with flats for sale up to four bedrooms inside.
Built to luxury standards, these new villas are located in the Kargicak district of Alanya and have beautiful views out across the surroundings – ideal for those with children who are looking to make a permanent move.
Built to custom standards by a top developer in Kas, this delightful villa has all the charm of a year round family property within the peninsula and is situated within its own private plot with large swimming pool outside.
Situated within a huge plot guaranteeing a private lifestyle in Turkey, this spacious Kas villa is found in Gokseki and has a lovely view out towards the sea – available today at a bargain price, do not miss out on this opportunity.
Suitable for year round living in Izmir, these new apartments can be purchased in sizes ranging up to three bedrooms and have delightful sea views – all just moments away from public transport and daily lifestyle amenities.
Located in peaceful forest settings, these new Beykoz properties on the Anatolian side are available in sizes ranging up to four bedrooms and have beautiful views stretching all the way towards the Bosphorus Sea.