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.
Situated within a private landscaped garden with swimming pool, this picturesque villa is nestled in a residential and sought after area of Gocek and is just a few moments away from the famous marina for sailing.
Gocek
Built to modern standards by a top developer in the city of Bursa, these contemporary homes are nestled in a peaceful area of Nilufer and have access to communal facilities including a large swimming pool and green gardens.
Bursa
Located in Sultanahmet and just minutes away from the Grand Bazaar and Blue Mosque, this is a unique Ottoman house for sale at a bargain price. This property could be converted into separate apartments for those investing.
Istanbul
Furnished and immaculately kept bungalow for sale in the peaceful area of Incirkoy, situated just five minutes driving distance away from Uzumlu Town and set within a mature garden with swimming pool / Jacuzzi – a great find.
Fethiye
A range of apartments and villas for sale in a residential area of Bodrum, situated in Umurca within walking distance to shopping needs and transport – this is a high quality project that comes recommended for viewing.
Bodrum
This property is the unique restoration of a 150 year old Greek house in the heart of Bodrum just a short walk away from Kumbahce beach and close to the Marina for keen sailors looking to sail some of the best sailing routes in Europe.
Bodrum
Priced to sell quickly, this charming apartment is just five minutes walking distance away from the nearest beach in the popular area of Calis in Fethiye and forms part of a superb complex with a full range of social facilities available.
Fethiye
Invest in peaceful Yaka Village when you purchase this wonderful detached villa for sale at a great price in Bodrum, close to Ortakent. This property has all the makings of a lovely family home for those looking for complete privacy.
Bodrum
Enjoy a beautiful sea view from your terrace when you purchase this lovely duplex apartment in a residential and sought after area of Gocek in Fethiye – forming part of a prestigious site with access to a pool and gardens.
Gocek
Found within an excellent complex with shared swimming pool and gardens, this spacious villa is located in Kadikalesi in Bodrum and would suit a family looking to live permanently within the peninsula or someone retiring to sunny settings.
Bodrum
Large family home in the Gulpinar area of Dalyan, situated within a spacious garden with private swimming pool just 15 minutes to the town centre where you will find an abundance of lifestyle facilities and things to do year round.
Dalyan
Ripe for investment, these outstanding properties are located just minutes away from central areas including Maslak and Taksim and are for sale today at bargain prices that are only going to rise considerably upon completion.
Istanbul
Just a stone’s throw away from a new park and marina, this fantastic property is for sale in the residential area of Akarca in the heart of Fethiye and has recently been refurbished – ready for a family to move in immediately.
Fethiye
Built to 5-star standards throughout, this spectacular project offers luxury villas for sale within the Geris area of Yalikavak within the Bodrum peninsula and is just 400 metres away from the nearest public beach for relaxing.
Bodrum
Within easy walking distances to the nearest beach and promenade lined with things to do on a daily basis is this delightful apartment in Calis, for sale at an affordable price and suitable for year round living in the region.
Fethiye
Delightful apartment found in the residential area of Tasyaka in Fethiye, this listing is for sale today at an affordable price for living in Turkey and is just five minutes away from the main town centre and daily necessities.
Fethiye
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