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.
Surrounded by things to do within the residential area of Calis, this beautiful townhouse is available today at a bargain price not to miss out on and is only 400 metres away from the famous beach and promenade.
Fethiye
With a tremendous view of the sea and surroundings, this fully furnished apartment is for sale within a residential area of Mahmutlar in Alanya and forms part of a high quality complex fitted with a swimming pool and gardens.
Alanya
Located on the ground floor for easy access to and from, this spacious apartment is nestled between the main town of Fethiye and Oludeniz Beach area and forms part of a quality complex with pool and gardens.
Fethiye
Located within an elevated position with excellent views of the surroundings, this charming duplex apartment is for sale in Deliktas, Tasyaka and has three bedrooms inside for up to six people to live together.
Fethiye
Just a short walking distance away from daily amenities and shops, this spacious duplex apartment is for sale within the residential area of Deliktas in Fethiye and has three bedrooms for a family to live together.
Fethiye
Purchase one of these Basin Ekspres apartments. This is an exceptional investment opportunity with superb commuting access to the city centre and only five minutes away from Ataturk Airport and local daily necessities.
Istanbul
Ready to move in immediately, this duplex apartment is nestled within a popular complex in Hisaronu and is just a short walk away from the centre offering a range of restaurants, bars, shops, and things to do.
Fethiye
With four bedrooms inside, this duplex apartment has more than enough space for a family to live together in Gunlukbasi area of Calis and is just a short walk away from daily amenities and transportation options.
Fethiye
Just 15km away from the International Airport, these brand new apartments are for sale in a residential area of Kepez in Antalya, forming part of an excellent complex with on-site commercial areas and daily shops.
Antalya
Furnished and ready for new owners to move in immediately, this beautiful home is for sale within the residential area of Ovacik in Fethiye region and has access to a shared swimming pool and mature gardens.
Fethiye
These apartments have to be some of the finest that you will find in Kalkan centre today. Offering sea views simply out of this world, these homes are luxury from top to bottom and well priced for someone looking to purchase high quality real estate along the turquoise coast of Turkey.
Kalkan
Offering various types of properties for buyers to choose from, this fantastic complex is nestled within a residential area of Belek centre and has access to a shared swimming pool and landscaped mature gardens.
Belek
Forming part of an excellent complex designed and built for family living, these quality apartments are for sale in Uskudar on the Anatolian side of Istanbul – just a few minutes away from shops and transport.
Istanbul
Ten minutes away from famous beaches and shopping malls, these fantastic properties are found in Aksu area of Altintas in Antalya for sale and have access to a range of social facilities and spaces for residents.
Antalya
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