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.
This detached villa is for sale in Kiziltas area of Kalkan and is on the market as completely furnished and decorated – ideal for a family to live together in Turkey with a private swimming pool outside and inside.
Built to luxury standards throughout, this private home is nestled within a peaceful area of Alacati and has a tremendous view out towards the sea – on the market today as fully furnished and ready to move in.
Located within a prime area of Kas, these spectacular villas have their own private infinity swimming pools and are highly recommended for viewing – enquire today to arrange a visit at the earliest convenience.
Looking out across the sea with panoramic views, these luxury-designed apartments are found in Uskudar on the Anatolian side of Istanbul and form part of a superb development equipped with social facilities.
This is a rare opportunity to purchase two sea view apartments in the very centre of Kas, just a short walk away from town amenities and daily necessities. Both residences have space inside for families to live together on a permanent basis.
A golden opportunity not to miss – these Title Deed ready apartments are found in Atasehir and have everything in place for family living in Turkey. Complete with access to a host of social facilities and spaces.
Built to luxury standards, this villa was recently completed and is located within the residential area of Gurpinar within the area of Beylikduzu in Istanbul – suitable for those who are looking to obtain a Turkish Passport.
Within ten minutes to the nearest beach, this fantastic hotel is located in Kemer region of Antalya and is for sale as completely furnished – ready for new investors with a long history of profit and high occupancy rates attached.
Built to luxury standards throughout, this detached villa is nestled within a residential area of Calis and is on the market as fully furnished and ready for a family to move in as soon as the purchase has been finalised.
This private villa is for sale in Kalkan and has a tremendous view heading out towards the sea and natural surroundings from attached balconies and terraces – on the market today as fully furnished and decorated.
Furnished and ready to move in, this spacious villa is for sale in Yalikavak area of Bodrum and is just five minutes away from the famous Marina for endless sailing opportunities through the most picturesque of sailing routes.
Situated within their own private green landscaped gardens, these beautiful properties are for sale within the green Dosemealti area of Antalya and are just 20 minutes driving distance away from the busy city centre.
This sea view bungalow-style villa is nestled within a peaceful area of Konacik in Bodrum and is just five minutes driving distance from the town centre full of life and things to do with your family and friends.
Everything inside this house is customisable by the buyer – number of bedrooms, bathrooms, living rooms – create the home of your dreams in the highly sought after Buyukcekmece area of Istanbul with a gorgeous sea view.
Following from our huge success of our flagship White House design across the South Coast of Turkey, we are pleased to bring the same design to Istanbul – be the first to invest in one of these exquisite villas in Silivri.
Offering a completely private lifestyle in Turkey, this is an exciting opportunity to purchase two properties in Gocek with sea and mountain views – situated within a huge plot of land with swimming pool and fruit tree gardens.
Amazing project of huge expansive villas on the European side of Istanbul, situated just 40 minutes away from the city centre and business districts. For anyone looking to escape from the city with his or her family, this is the house for you.
200 metres away from the nearest beach and a range of daily amenities, this luxury-built villa is for sale within a residential area of Gumusluk in Bodrum and has five bedrooms for a family to live together comfortably.
Just metres away from the sea area is this authentic style five bedroom house with amazing panoramic views and a touch of class throughout to make it ideal for long term living on the peninsula. A large swimming pool and good sized landscaped gardens complete this residence.