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.
Forming part of an elite estate are these investment apartments for sale today and opening prices set for huge increases before completion. Purchasing a home here is a savvy investment for those looking for high capital gains and excellent rental potential in a sought after area of the city.
Istanbul
A great opportunity for a savvy business to get in early and make a quick profit with this investment property in Turkey. Found in Istanbul, the 2 bedroom apartment is suitable for renting out and is offered at a discount price.
Istanbul
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.
Bodrum
Custom built high quality home in the peaceful area of Selimiye just 200 metres away from the sea and complete with spacious gardens and a private swimming pool. Enjoy magnificent views across Selimiye Bay and mountains.
Marmaris
This spacious villa is found in a residential area of Ovacik and has been constructed to luxury standards throughout – this is a must see listing for buyers looking to live in Fethiye or those seeking rental income through the summer.
Fethiye
Overlooking a beautiful green park with outstanding views, this city within a city project is perfect for family living in Istanbul and is offered today at bargain prices that are set to rise considerably as the completion date nears.
Istanbul
Ready to move in immediately, these Umraniye apartments are just a short walk away from the nearest Metro station and a shopping mall full of branded stores. These properties are highly recommended for viewing.
Istanbul
Built to modern standards by a top developer, these spacious apartments are found in the district of Sisli in the heart of Istanbul city centre and are highly recommended for viewing at the earliest availability before units sell out.
Istanbul
At the seafront with spectacular views, these properties are found in Halic at the Golden Horn in Istanbul and have access to 5-star facilities including an on-site hotel, shopping mall, and a plethora of restaurants and shops.
Istanbul
This large spacious 3 bedroom resale villa epitomises the best of real estate in Side on offer at the moment. Found close to the beach in a family friendly complex, this would be an ideal spot for a family to move to Turkey and begin their new life of luxury abroad in the sun.
Side
These top quality homes are available in the Buyukcekmece area of Istanbul and are situated just 100 metres away from the seaside with full panoramic views. Buyers can choose from units in sizes up to seven bedrooms.
Istanbul
With Title Deeds in place, these spacious apartments are for sale in the Nilufer area of Bursa and can be purchased in sizes up to four bedrooms. Suitable for year round living with a beautiful view out towards the surroundings.
Bursa
Right in the heart of Fethiye Town, this is a unique opportunity to purchase a luxury-designed apartment within one of the most contemporary projects to come out of the region in recent years, this is a must see listing.
Fethiye
Within metres to a large shopping mall offering a range of daily shops and amenities, this brand new project is located in Kagithane area of Istanbul and offers apartments for sale in sizes ranging up to three bedrooms.
Istanbul
Elevated apartments for sale in Camlica area of Uskudar with views heading out towards the Bosphorus Sea and surrounding natural environment – suitable for those wanting to live in Turkey with options available up to six bedrooms.
Istanbul
Outstanding mountain and nature views make this Kemer villa a must see for those looking to buy a bargain property in Turkey – this listing forms part of an excellent complex and has access to a large shared swimming pool.
Kemer
Forming part of a 5-star project designed and built by a top developer in Istanbul, these flats are available in sizes ranging up to four bedrooms and are minutes away from the famous Lake with beautiful views.
Istanbul
Located in the city centre of Istanbul in the sought after area of Bomonti, these properties are available today in sizes ranging from one – four bedrooms and are just a short five minutes away from Taksim Square making them a must see.
Istanbul
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