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.
Minutes away from shops and the nearest beach area, this fantastic villa is for sale in Calis area of Fethiye and has four bedrooms inside for a family to live together in Turkey – act fast as this is the last one available.
Looking out towards the sea with lovely views, these Title Deed ready apartments are found within the developing area of Kucukcekmece in Istanbul and are just minutes away from daily amenities and transportation.
This uniquely designed villa is located within a peaceful area of Uzumlu and is on the market today as completely furnished and ready to move in – just a short walking distance away from the village centre and lifestyle necessities.
This brand new complex is located within the Lara district of Antalya and offers properties for sale in various different types and sizes for buyers to choose from – situated just a few minutes away from the beach and centre.
This is a unique opportunity to buy a beautiful home in the city centre of Istanbul in Bomonti with panoramic views heading out towards the city skyline or the Bosphorus Sea depending on location within your apartment.
For anyone looking to invest in Istanbul, this is the project for you. We are proud to offer these homes for sale at entry level prices, meaning those who purchase a home today can enjoy price increases upon completion in 2019.
Minutes away from private beach clubs, this Kilyos villa is located within an excellent compound with access to a shared swimming pool and has its Title Deed in place, making it suitable for Citizenship applications.
Completed and ready for buyers to move in immediately, these contemporary apartments are found within a highly desired area of Kepez in Antalya and have access to a plethora of social facilities providing daily things to do.
1km away from the new Istanbul International Finance Center, this is an exciting opportunity to purchase a luxury apartment rising in Atasehir – available in various types and sizes for buyers to choose from.
Minutes away from amenities and transportation, this peaceful villa is for sale within the Kargi area of Fethiye and is highly recommended for viewing – situated within its own green mature garden with large swimming pool.
Tucked away within a peaceful area of Dosemealti, these stunning villas have everything in place for family living away from the city centre of Antalya and form part of a luxury and highly private complex in Turkey.
With four bedrooms inside, these villas are suitable for family living within the peaceful area of Dosemealti on the outskirts of Antalya city centre – ideal for those seeking a cooler climate and lovely natural views.
Situated within their own private gardens with swimming pools, these spacious villas are ideal for year round living in the Dosemealti area of Antalya and are just a few minutes away from daily amenities and public transportation.
With a view heading out towards the sea and surrounding nature, this beautiful plot of land is found within the peaceful area of Bezirgan in Kalkan and is ideal for those who are looking to build their own dream home in Turkey.
These tenanted apartments are ideal for investors who are seeking rental income immediately with the purchase of real estate in Turkey – these residences are nestled within the peaceful area of Tarabya in Istanbul.
With views of the city and sea, these completed apartments are found in Kadikoy on the Anatolian side of Istanbul and are a must see for those who are looking to live in Turkey on a permanent basis with a family.
Built to the highest quality, these beautiful apartments are found within a residential area of Gundogan in Bodrum and have fantastic views – complete with access to a large shared swimming pool and viewing terrace.
Minutes away from everything needed, these contemporary apartments rise in Besiktas area of Istanbul and have fantastic views across the city and sea – ideal for investors as well as lifestyle buyers in Turkey.
Just a few minutes away from Bodrum Marina and the town centre, these luxury-designed Smart properties are a must see for family living within the peninsula and form part of a high quality complex that is fully completed.
Apply for a Turkish passport after you purchase one of these luxury-designed apartments on the Anatolian side of Istanbul in the sought after Atasehir – strategically placed within walking distance of the Finance Center.
Strategically located to be within 500 metres of the new International Finance Center, these spectacular properties are found in Atasehir on the Anatolian side of Istanbul and are highly recommended for viewing.