Find Your Ideal
Home & Investment
Find Your Ideal Home
& Investment
Real Estate
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.
Located just a few metres away from the sea with beautiful views is this lovely house for sale in Buyukcekmece area of Istanbul – suitable for buyers who are looking to obtain a Turkish Passport after buying real estate.
Istanbul
Looking out across Macka Park and the city of Istanbul, this fantastic apartment is for sale within the important central area of Nisantasi and is just a short walk away from 5-star hotels, parks, and daily necessities.
Istanbul
Private living is guaranteed with this huge expansive villa for sale in Buyukcekmece just metres away from the sea with dramatic views across the ocean and beyond – this is a home for those looking for the very best in Istanbul.
Istanbul
Completely furnished and ready to move in, this tremendous stone built mansion is for sale in a residential area of Dalyan and is a must see property – you will not find many homes better in the Dalyan region than this one.
Dalyan
Situated at the seafront in Yalikavak, these luxury homes have access to a private beach platform and a dock for mooring a large boat during the summer, forming part of an elite project with each and every property overlooking the sea.
Bodrum
Built for families, this exciting project is nestled within the distinguished neighbourhood of Florya in Bakirkoy and is close to everything needed – offering apartments for sale in various types and sizes within.
Istanbul
This boutique hotel is located in the Old City of Antalya and has 15 rooms inside – on the market today as completely furnished and ready for new owners, the listing is just moments away from restaurants and shops.
Antalya
Offering a private lifestyle in Bodrum, this magnificent villa is found in Yalikavak and has an unobstructed view heading out towards the sea and bay from private balconies and terraces – this is one not to miss out on.
Bodrum
Built to luxury standards from top to bottom, these exclusive mansion-style villas are for sale in the sought after area of Turkbuku in Bodrum and are just moments away from beach clubs and everything needed daily.
Bodrum
5-star property for sale on the front line to the sea in Yalikavak, boasting incredible views stretching endlessly, as well as a stylish design that needs to be seen to be appreciated – contact us as there is only one remaining.
Bodrum
This original Greek stone house is located within a peaceful area of Kayakoy in Fethiye and is surrounded by pine forests and green nature – perfect for those who are looking to escape from busy town centres in Turkey.
Fethiye
With all the luxury details that any five-star hotel would have, this stunning contemporary project offers superb living for anyone looking to make Antalya their new home, and more specifically, the famous beach area of Konyaalti which is found just a stone’s throwing distance away.
Antalya
Right in the heart of Istanbul city centre, this beautiful house is for sale in Levent and has its own private landscaped garden and parking spaces for up to three vehicles at once. Homes of this quality are rare to market.
Istanbul
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