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.
Complete with shared facilities and stunning sea views, this brand new project is found in Kargicak and offers apartments for sale ranging up to three bedrooms with matching bathrooms and open plan kitchens with offset living rooms.
Alanya
Within a top complex with a comprehensive range of shared facilities and social spaces, these properties are for sale in the district of Mahmutlar and are just a few minutes away from the nearest beach and amenities.
Alanya
Ranging from one – four bedrooms, these apartments are suitable for those wanting to live in a peaceful area of Kargicak on a year round basis and are just a short walking distance away from the nearest sandy beach.
Alanya
600 metres away from the nearest beach and seaside for relaxing, these contemporary flats are situated in a residential area of Mahmutlar in Alanya and are available to purchase in various different types and sizes.
Alanya
In a quiet area of Dalyan for sale, this cheap apartment is a perfect option for those seeking a completely furnished home in a residential area, just moments away from the town centre where you will find all your daily necessities.
Dalyan
Pick up a bargain retirement home in the sunny settings of Maras in Dalyan when you purchase this rare bungalow for sale just a short three minute walk away from the town centre full of things to do and places to visit.
Dalyan
A residential area, these properties form part of a high quality complex and have access to a full range of social facilities and on-site amenities – available for purchase in sizes ranging up to four bedrooms in Avsallar.
Alanya
Suitable for living in Izmir all year round, these bargain priced apartments are found in the Bornova area and are close to a Metro station for commuting and moving around the city to important hotspots and popular landmarks.
Izmir
Newly built and complete with a great array of shared facilities and outside space, this top project is situated in the residential area of Oba in Alanya and offers homebuyers a stunning local beach and market to enjoy in close proximity.
Alanya
Spacious villa for sale in a residential area of Dalyan in Turkey, suitable for families looking to relocate on a permanent basis to a private spot with tremendous views heading out across natural surroundings and settings.
Dalyan
Construct and build your very own dream home in Turkey with this panoramic sea view land found in the hills of Yalikavak in Bodrum. An ideal investment opportunity set amongst the elite homes within the area that regularly sell for well over a million Euros.
Bodrum
Designed to luxury standards throughout, these beautiful villas are located in Turgutreis with outstanding views across the sea and marina, complete with private gardens and swimming pools guaranteeing a high standard of life.
Bodrum
Within walking distance to the seafront are these prestigious apartments in Atakoy, just minutes away from the famous marina and Galleria Mall – an excellent spot for upper class elite living amongst the wealthy of Istanbul.
Istanbul
At the absolute seafront is this incredible land for sale in Karaincir Beach in Akyarlar, complete with 30% building permission in place for tourism operations – allowing an investor to construct a luxury hotel or resort.
Bodrum
Peaceful villa for sale tucked away in Kalkan with garden and pool, ideal for a family looking for a peaceful life away from the town centre, yet just a short driving distance away from local beaches, supermarkets, and facilities.
Kalkan
Only five minutes away from the heart of Bodrum, yet perched away in a peaceful location is this impressive plot of land for sale measuring 6,850m2 in size, giving you amazing sea vistas and a rare spot to find such extravagant land nowadays.
Bodrum
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