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.
Built to exceptional standards throughout, this magnificent villa is found in Lara area of Antalya and has its own private garden and swimming pool – suitable for buyers that are looking to raise their family in Turkey.
Looking out towards the sea with a full view, these magnificent villas are located in the sought after area of Buyukcekmece in Istanbul and have their own private landscaped gardens and spacious swimming pools outside.
Designed to luxury standards is this peaceful villa located in the area of Karagedik in Calis, surrounded by a mature garden with private swimming pool and incredible interior design featuring unique ceilings and lots more.
Surrounded by magnificent views and nature, this picturesque villa is nestled in a peaceful area of Gocek and is completely furnished and decorated – ready for a family to move in as soon as the purchase process is finished.
Live a life of luxury when you purchase this beautiful mansion-style villa in Tepekent area of Buyukcekmece complete with delightful Lake views and a private lifestyle from a huge plot of land and landscaped garden.
Built to resemble life in California, these deluxe villas are nestled in the peaceful area of Dosemealti and are highly recommended for viewing – you will struggle to find a better family home than this in Antalya.
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.
This mansion-style villa offers the best of both worlds for families – a peaceful setting with greenery everywhere and access to the city centre of Istanbul within 20 minutes. This is an opportunity you do not want to miss.
This boutique hotel is located in the Old City of Antalya and has 15 rooms inside – on the market today as completely furnished and ready for new owners, the listing is just moments away from restaurants and shops.
A three bedroom villa in Istanbul well located offering a great option for those seeking peaceful districts to live in, yet with good access to historic districts. A great price for a home of this quality and one that should be take seriously by those looking to purchase in the near future.
Luxury-designed family villa nestled in the Guzelbahce area of Izmir in Turkey – suitable for year round living with private gardens and pools. These quality homes are just minutes away from local necessities and amenities.
Surrounded by unspoilt nature and sea views, this beautiful home offers a completely private life in the peninsula of Kas due to its huge plot of land and has everything in place for buyers wanting to move to Turkey permanently.
Built using modern touches throughout, these quality properties are for sale in a peaceful area of Belek and have their own private swimming pools and green landscaped gardens for relaxing outside on a daily basis.
Built in a contemporary manner, these new villas are for sale in the Belek region of Turkey and are suitable for family living with loved ones – situated within their own private gardens with large swimming pools.
With five bedrooms inside, this stunning penthouse apartment has room for the largest of families to live together in a prime area of Antalya – this Konyaalti residence is just a few minutes away from the nearest beach.
With access to a range of social facilities and amenities, these spacious villas are for sale in a desired area of Konyaalti close to the Bogacay River project and have been constructed to luxury standards from top to bottom.
Built with a touch of luxury throughout, this contemporary project offers designer villas for sale in the district of Konyaalti in the city of Antalya and is just five minutes driving distance away from top blue flag beaches and amenities.
This wonderful hotel is located in Cesme area of Turkey and is just 100 metres away from the sea and even closer to local shops and amenities – this is a readymade business for someone looking to move to Turkey in the near future.
Located in a sought after area of Tarabya, this immaculate property is ready for a new family to move in immediately and is a must see for those wanting to live within easy driving distance to all amenities and the city centre.
Elevated apartments for sale in Camlica area of Uskudar with views heading out towards the Bosphorus Sea and surrounding natural environment – suitable for those wanting to live in Turkey with options available up to six bedrooms.
Tremendous family homes for sale in a residential area of Buyukcekmece, situated just a few minutes away from local amenities and necessities for those relocating with young children – homes are selling out quick here.