Find Your Ideal
Home & Investment
Find Your Ideal Home
& Investment
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.
Mid-rise luxury apartments boasting breath taking Bosphorus views, built by a top Istanbul developer in the central area of Besiktas – one of the city’s most coveted zip codes and eligible for Citizenship by Investment.
Within walking distance to the sea, these contemporary homes have access to a beautiful rooftop terrace with swimming pool and sunbathing deck, built to meet all the needs of modern life in Turkey and available on payment plans.
Ten minutes away from Istanbul Airport and 20 minutes away from the bustling city centre, Sense Gokturk is a unique opportunity not to miss – offering apartments in various types and a chance to enjoy Istanbul Redefined.
Built around a central trade area reminiscent to what you would find in London or Paris, this high end project offers homes available in sizes from studios up to large four bedroom apartments for both investors and lifestyle buyers.
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.
Rising in central Kagithane, these apartments are fully completed and are ready for buyers to move in immediately after the purchase process has been finalised – suitable for Turkish Citizenship by Investment applications.
Just seconds away from Ataturk Airport and within close proximity to Basin Ekspres and the third airport of Istanbul, this is a superb investment opportunity for those looking to get the maximum out of their purchase in Turkey.
With fantastic views out towards the Golden Horn from Halic, these Big Life near Little Bosphorus by Rams apartments are available in various types and sizes for buyers to choose from and form part of an excellent project equipped with amenities.
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.
Forming part of a high quality complex with swimming pool and gardens, these spacious apartments are nestled within Aksu Altintas area of Antalya and are just a few minutes away from the International Airport.
Available at bargain prices not to miss, this new development is found in a residential area of Eyup in a developing part of Istanbul in Turkey and is just minutes away from daily amenities and local necessities.
Within walking distance to Taksim Square are these outstanding luxury apartments available in sizes ranging from one – three bedrooms and complete with access to 20 commercial stores, offices, and other social facilities.
Located directly opposite Sabiha Gokcen International Airport, these fantastic hotel-style properties have a ten-year rental guarantee in place in Istanbul and are a must see for those looking to invest in Turkey.
Within minutes to central areas including Besiktas, Nisantasi, and Taksim, these bargain priced apartments are a must see in Istanbul in the developing area of Bomonti – buyers can choose units ranging from one – three bedrooms.
Within 30 metres to a private sandy beach for relaxing all day long, this spectacular 5-star project is located in a desired area of Alanya and offers apartments for sale in sizes ranging up to four bedrooms inside.
Invest in Turkey when you purchase one of these affordable apartments within the Aksu, Altintas area of Antalya, forming part of a hotel-quality complex equipped with a range of amenities and social areas.
On the market at bargain prices not to miss, these exceptional apartments are located in the heart of Istanbul city and offer excellent site facilities including a roof cafeteria with panoramic views across the skyline.
These contemporary apartments are available in sizes ranging from one – three bedrooms and form part of an excellent complex in Eyup with access to a full range of social facilities and on-site daily amenities provided.
Competitively priced, these affordable apartments are nestled in Pendik on the Anatolian side of Istanbul and are close to Tavsantepe Metro for daily commuting and moving across the city in all directions.
For sale at bargain prices not to miss out on, this comprehensive project offers outstanding apartments in the residential area of Nilufer in Bursa and even includes an on-site shopping mall providing everything needed.
Invest in Basaksehir when you purchase one of these high quality homes within a fully equipped building with everything in place – these properties can be bought in sizes ranging from one – two bedrooms inside.