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.
Overlooking the stunning Cekmekoy Forest with views that are out of this world, this project is an absolute must see on the Asian side of Istanbul and offers you the opportunity to raise your children surrounded by nature and clean air.
Located within a stones throw of a local bus route that takes you into Dalyan town centre, this three bedroom villa is perfect for a small family to live in permanently, or to be used as a lovely holiday home. The quiet residential area will make you feel at ease.
There are only four villas within this top quality residential complex in Belek, situated just minutes away from the nearest golf course for golf lovers and those looking to spend the summer working on their handicap in luxurious surroundings.
This award-winning project in Istanbul offers amazing apartments and office space for sale within a prestigious setting. Designed to re-define what it means to live in luxury, the project enjoys 360 degree views across Istanbul.
Luxury living apartments located just minutes away from Kagithane and Maslak, at the meeting point between the two centres of life in Istanbul – choose from homes ranging from studios up to large four bedroom units for the largest of families.
Just a short distance away from West Marina, these brand new apartments are some of the best that you will find in this area of Istanbul – contact us to arrange your viewing today; perfect for luxury living in a peaceful area close to the centre.
5 minute walk to Bodrum Marina are these beautifully designed stone houses in Bodrum Centre within an elite estate. There are 1, 2 and 3 bedroom villas available set within a tangerine garden with ample terraces and designer interiors. A rare find for Bodrum real estate enthusiasts. Very high rental income potential.
Full lake and Marmara sea view high quality apartments for sale in Istanbul recently completed, turnkey with payment plans up to 24 months low deposit. Located near Ataturk airport, Atakoy Marina and Kucukcekmece Lake in Istanbul.
With a smart home system installed to allow you to control your home at the touch of a button, this high specification penthouse is the perfect setting for elite living and features a private sauna and Bogacay River views.
Turkey's golfing centre, Belek is a dream for those who wish to get active and enjoy a range of sporting facilities all within easy walking distance from your door. This luxury villa offers four large bedrooms and a wonderful private swimming pool within an exclusive estate of homes.
Just a short two minute walking distance to the beach is this stunning project offering a superb investment value for someone looking to capitalise on all that is great in Antalya today. Placed overlooking the river and with superb facilities for residents - very well priced and one not to be missed.
Nestled within a peaceful area of Uzumlu, this detached villa has its own private garden and swimming pool for relaxing and spending time outside – just a few minutes away from the Village centre and daily amenities.
This spacious plot of land is nestled within the Ovacik area of Fethiye and has room to build a large villa for families relocating to Turkey permanently – just a few minutes away from local amenities and necessities.
Suitable for year round living and raising a family in Turkey, this tremendous villa has its own private landscaped garden and swimming pool in Ovacik and is just a few minutes away from shops and transportation.
Furnished and ready to move in immediately, this detached villa is for sale in Ovacik area of Fethiye and has its own private garden and swimming pool – all just a short ten minute walk away from amenities and shops.
This duplex apartment has its own private landscaped garden for relaxing and spending time outside with loved ones – forming part of an excellent complex just a short walk away from the nearest beach and Marina.
Suitable for family living within the residential area of Akarca in Fethiye Town, this charming house is for sale today as completely furnished and decorated from top to bottom – ready for new buyers to move in.
With four bedrooms inside, this tremendous property is perfect for year round living in Fethiye within the sought after area of Hisaronu and is on the market as completely furnished and decorated from top to bottom.
Located in the elite area of Karagozler within Fethiye, this villa is on the market today as completely furnished and has been renovated recently to excellent standards – suitable for buyers looking to live permanently.
Within a few minutes to the village centre full of life and things to do on a daily basis, this villa is for sale in the area of Hisaronu in Fethiye and has its own private green landscaped garden and swimming pool to enjoy.