Erdogan's new fiscal measures are having a positive effect on the Turkish economy, which in turn is great news for anyone thinking of investing in Turkish property, as prices around the country - especially in Istanbul - continue to climb. Erdogan, who has spent the last 15 years transforming the country's economic fortunes, will need to continue his progress to keep voters onside.
Media Highway (Basin Ekspres) in Istanbul has benefited from a huge government investment, improving government infrastructure and pushing property prices up. However, the growing area is still a great option for entry-level property investors, with plenty of options for capital growth and rental income. We've rounded up our pick of the six most incredible investment opportunities in the Media Highway area.
Urban regeneration is rejuvenating Istanbul, turning formerly undesirable areas into coveted suburbs sought after by families and professionals - and of course, investors. While many parts of Istanbul are off-limits due to high prices, areas where urban regeneration is taking place offer opportunities for lower entry level prices - but with all the capital growth of the more wealthy parts of the city.
Fikirtepe on the city's Asian side is a notorious slum area. However, this is about to change quite dramatically as $18 billion is poured into the area to build new homes and improve local infrastructure. A government official has said Fikirtepe will become a city within a city as construction ramps up in earnest.
Gorgeous Kalkan on the Mediterranean coast of Turkey maintains a discreet reputation on the international travel and property scenes. Often overlooked by the neighbouring, characteristic town of Kas, many tourists also flock to the nearby hubs of Fethiye or Antalya instead. Kalkan remains one of the country’s best-kept secrets, and anyone looking for an abundant lifestyle devoid of hustle and bustle, would fare well to look more into the resort - find out why you should buy a property in Kalkan.
Low costs and a young population clamouring for goods and services mean Turkey makes a fantastic place to start your own company. Entrepreneurs are discovering the country that bridges east and west is a fertile ground for new ideas and innovation. Discover why Turkey is the ideal start up destination, and get a few tips to help you get started.
Turkey is a hot favourite with Arab tourists and investors, who are attracted by the country’s culture and the ease of investment. Investment opportunities for Arab buyers are legion, and extremely lucrative. We examine the top seven factors enticing Middle Eastern buyers to move to Turkey.
In a bid to increase numbers of property sales to foreigners, the Turkish government is set to pass a law that will grant overseas buyers citizenship when they purchase a property valued at more than 250,000 USD. The offer will appeal to buyers from the Middle East and Europe seeking not only excellent return on their investment, but access to a large regional hub with favourable tax laws.
The ever-growing city of Istanbul seems to be growing upwards. Construction is booming, and with it, giant buildings are appearing all over the city. Already the tallest city in Europe, Istanbul's set to become one of the tallest on the planet. Cameron Deggin explores some of his favourite Istanbul city skyscrapers.
Buying a property abroad is an exciting experience that opens up a different lifestyle. With many countries to choose from, Turkey is a favourite choice, mainly because of low prices in a relatively, new property market. There is much potential especially for long-term investors, and plenty of locations to choose from, ensures potential buyers have an extensive portfolio at hand. One of those idyllic destinations is Antalya on the Mediterranean coast of Turkey. Numerous reasons explain why it has captured the attention of foreign Turkish property buyers.
Torba, a small village on the hedonistic Bodrum peninsula of Turkey, deserves to win awards for its stunning and open landscapes. Sitting outside of the central town area, life is good for locals who enjoy the crystal blue waters of the Aegean Sea, cool summer evenings and an average of 300 days of sunshine a year. Find out just why Torba is one of the top spots in Bodrum for those looking to buy properties and invest in the peninsula.
Sophisticated and cool, with some of the peninsula's best beach clubs, Turkbuku has always been popular with holidaymakers - including Turkish celebrities. Now, this beautiful summer spot is becoming one of the most popular spots on the peninsula for property investment. Read on to discover why.
With his determination to create functional yet beautiful living spaces filled with innovative objects and his philosophy of democratic design, Philippe Starck's become a household name in the creative world. His new G by Yoo project in Istanbul's Media Highway is well placed to cause a sensation among investors and city professionals. Property Turkey is pleased to present our clients with an exclusive discount and payment plan. Contact us to find out more.
The once sleepy fishing village has been transformed into a sophisticated, cosmopolitan centre - while managing to retain the authentic atmosphere that's ensured its top spot with tourists. Yalikavak's prosperity has had a knock-on effect on its property market, and marina property is booming. Discover why this beautiful town is an ideal place for property investment.
When investing in a large city like Istanbul, it's difficult to get your bearings. Prices, build qualities, locations - it all varies so much. Unfortunately, there are a large number of unscrupulous companies ready to take advantage of new buyers. This includes the growing phenomenon of guaranteed rental income. We explain how it works - and how best to avoid getting scammed in Istanbul.
A 41% rise in the number of properties bought from July to August clearly shows any lingering doubt after July's coup attempt has passed. The number of property sales around the country has risen, with Istanbul retaining its top spot and Antalya coming in second place. Property Turkey director Cameron Deggin says the numbers are testament to Turkey's enduring economic success.
Uzumlu, a small picturesque village in the mountains of Fethiye has garnered a loyal fan base of property investors, many that have brought villas, as either a holiday home or retirement dream. Some would argue that is a well-kept secret and should stay that way, but word is spreading, and many people are now eager to see what the hype is about, especially when it comes to buying property in Turkey. So why is Uzumlu ticking all the right boxes and in the process, building a name for itself?
Hisaronu is located in the Fethiye region of Turkey is a small destination that has garnered more attention over the last 10 years, increasing in popularity. Although the neighbouring resorts of Oludeniz and Fethiye city centre receive more publicised attention, Hisaronu has conjured up a loyal fanbase of return holidaymakers and expats who have bought property in the area. So for anyone looking to make a Turkish property investment, is Hisaronu a good place to choose?
Foreign investors can choose from a vast bank of destinations that fulfil their requirements and most importantly slot perfectly into their budget. One of those areas is Ovacik on the Mediterranean coast of Turkey. Even though it is a relatively small resort, British buyers give it a lot of attention both for holidays and as a second home, so let’s look at the reasons why Ovacik is a good place to buy property.
The Banyan Tree has a global reputation for delivering discreet, high-level service in its luxury hotels. Now, the brand has partnered with a top local developer to develop a new project on the shores of Yalikavak. The Banyan Tree Residences offer incredible design and facilities a stone's throw from Bodrum's most sought-after centre. The high-calibre residences offer not only an incredible lifestyle opportunity, but a sound investment for anyone wishing to buy in at the ground level.