Real estate in Turkey
Turkey is a large country, with approximately 7,200km of coastline, bordered by the Mediterranean, the Aegean and the Black Seas, so choosing to buy property in Turkey by the sea can take a huge amount research.
Why buy a Turkish Property
You may be looking at property for sale in Turkey for one of many reasons, whether its for a holiday home, or to spend your retirement days soaking up the sun in Turkey’s wonderful climate with a laid back lifestyle, or perhaps you are looking at an investment in Turkey to earn a rental income and build a future for your family, Turkey’s real estate market has had a massive boost in recent years especially in the cultural city of Istanbul as well as some of the southern coastal resorts so whatever your reasons it it certainly a great time to buy.
Buying a property in Turkey can very much depend on you budget, and we all know that a sea view will cost you more, a prestigious area too, buyers often need to compromise and maybe take a partial sea view of opt for perhaps a lake view or a stunning nature view, areas of prestige in Turkey in abundance, and if your budget cannot quite stretch to the higher price tags, then moving to the outskirts of these areas with easy access maybe you compromise.
If you have chosen the road for investment in Turkey, then the place to start is Istanbul, which with its changes has proven a big hit with overseas investors, giving the city a huge real estate boom with ever increasing prices, where approximately 4 or 5 years ago you could pick up a 1 bedroom apartment in the region of £30,000 with minimum prices today being in the region of £45,000, and these prices are set to increase for the foreseeable future with Istanbul’s ever increasing population and it being one of the top most visited cities in the world, and if it’s a private villa you seek you can expect to see prices exceeding seven figures in some areas.
If Istanbul and its prices outreach your budget then the next area to look at is Antalya, another large modern city that is also seeing many changes, with several areas ideal for investment purposes, especially the newly developing areas of Konyaalti or the established and exclusive area of Lara, both perfect for year round living offering investors a great annual rental income.
Bodrum on the southern Aegean coastline has several investment areas, with the hotspot for real estate being the elite marina resort of Yalikavak, though prices for accommodation in Turkey cam be very high, due to the area receiving high profile visitors to the famous Palmarina and its exclusive Billionaire Beach Club, though if you act now it is still possible to find bargain property
Accommodation for sale in Turkey in the stunning Fethiye area on the southern Mediterranean coastline is perfect for whatever reason you are looking for property in Turkey, an area with popular holiday resorts for excellent summer rental yields or holiday homes, and peaceful villages in the outskirts of the town which area great for retirees looking for a tranquil spot, or you can search in or close to the centre of the town for excellent year round rental incomes, and Fethiye is known for its value for money properties compared to some other southern coastal areas.
Property for sale in Kalkan which is located between Fethiye and Antalya is ideal for investment in Turkey, though with the contour of the land in the a vast majority of homes afford panoramic sea views, therefore prices can be very high, and being a town unspoilt by mass tourism and huge developments the resort has a well deserved exclusive title, where affluent visitors are always willing to pay that little extra for that extra special sea view, giving investors extremely high rental incomes.
Turkey offers property to suit all budgets and lifestyles, whether it’s an exciting city life you seek, a laid back village life, or a beach life with a lively atmosphere. Give Property Sale Turkey a call or drop us a message and we will be happy to help.