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 some of the best restaurants, cafes, art galleries, and culture, these Istanbul properties are found right in the central heart of the city in the sought after area of Bomonti, within walking distance to Nisantasi.
Offering an extensive range of on-site social and communal facilities, this outstanding project offers apartments for sale from one – four bedrooms in a residential area of Beylikduzu and is perfect for lifestyle buyers as well as investors.
Overlooking the sea with gorgeous views, this duplex apartment is located in an exclusive area of Kas and is close to daily amenities needed for year round living or spending long summer vacations in Turkey with loved ones.
This specially designed property is available today at a great price, and is found in a quiet area of Belek close to golf courses and within easy driving distances to local beaches and popular landmarks including Land of Legends.
Built to incredible standards, this luxury villa for sale can be customised internally to the tastes of the buyer and is located in residential Belek just three minutes away from some of the best golf courses in the entire region.
Part furnished, this spacious four bedroom detached property is found in the Metinler area of Dalyan close to daily amenities and facilities, overlooking a wonderful backdrop of mountains and surrounding nature at all turns.
Located just a short walk away from the nearest Metro station and seaside, this superb project is perfect for city commuting or relaxing besides the sea in a residential and highly sought after area of Beylikduzu in Istanbul.
Surrounded by nature and greenery, this spacious villa offers a private lifestyle for those looking to escape from it all in Turkey – this charming house is situated in Dosemealti and is only 15 minutes drive from Antalya city centre.
Enjoy some of the most incredible daily sunsets from your own terrace when you purchase this deluxe villa for sale in Alanya overlooking the Mediterranean with panoramic vistas that have to be seen to be believed – do not miss this.
This delightful apartment is located in a central setting of Marmaris and is just a short walk away from the beach, sitting in a top complex with shared swimming pool and landscaped green gardens suitable for relaxing outside.
Suitable for Turkish Citizenship by Investment, these spacious properties are located in the heart of Istanbul in Eyup area of the city just a short commuting distance for those looking to live and work in Turkey on a permanent basis.
Bask in the natural beauty of Dalyan with this picturesque villa listed at a bargain price complete with everything you need at hand. A comfy and cosy house furnished and ready to move in as soon as you have completed the purchase process. Found in a sought out area.
Enjoy panoramic views out towards West Marina and a gorgeous daily sunset when you invest in one of these luxury apartments in Beylikduzu forming part of a 5-star project fully equipped with social facilities and daily amenities.
Completed ready to move in, this spacious property is located in Marmaris and forms part of a residential complex with access to a shared swimming pool, all just minutes away from local amenities and daily necessities for life.
Completed properties for sale in Media Highway Basin Ekspres just a short distance away from the nearest Metro Underground station for commuting towards the city centre within 40 minutes or less – a must see opportunity.
Overlooking the sea with a gorgeous view, this three bedroom apartment has been renovated throughout and is located in the remote area of Datca, for sale as fully furnished and ready to move in immediately – this is a must see.
Situated just five minutes walking distance away from the village centre and for sale at a bargain price is this scenic three bedroom home in Uzumlu – complete with its own private garden and spacious swimming pool to enjoy.
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.
Perfect for use as either a permanent home in the sun or a tranquil retirement spot, this is a rare bungalow for sale in Ovacik and is just a short distance away from local amenities including restaurants, daily shops, and necessities.
Recently renovated throughout into a wonderful family home, this spacious property is tucked away in a rural location in Metinler area of Dalyan and enjoys striking views across a backdrop of mountains and surrounding agricultural land.
Overlooking a surrounding of mountains and nature, this peaceful house is found in a delightful complex with swimming pool and gardens, listed for sale today at a bargain price ensuring that this won’t be available for much longer.
This luxury apartment is just a short walk away from the beach in Side and enjoys superb panoramic views heading out towards the water, forming part of an elite project with access to a full range of social and communal facilities.
Residential apartments for sale in the sought after peaceful area of Ispartakule in Istanbul, available up to four bedrooms for all types of buyers – enjoy extensive social facilities including landscaped gardens and so much more.