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Buying property in Turkey

Turkey is a vast and diverse country that straddles Europe and Asia and is blessed with some of the best coastline imaginable, especially in the country’s south western corner where the Mediterranean and Aegean Seas meet. Popular towns in the area include Marmaris, Bodrum, Fethiye, Kusadasi, Kalkan and Altinkum.

Primarily because of the low property prices – Turkey has received favourable comparisons with the Spanish property market in the 1970s – the country is touted as one of the next hot spots by aficionados who predict that property prices will increase by 12.5% during 2007. We have a very wide range of properties available from top of the range luxurious villas, town houses, splendidly appointed apartments through to bungalows, country retreats and properties suitable for those keen DIY’ers seeking a project.

 

 

More about buying property in Turkey

The advent of low-cost airlines servicing the south west will inevitably create a big up-lift in popularity and prices. The fusion of western style bars and clubs alongside the more traditional Turkish cafés is an intoxicating blend, one that is becoming ever more attractive to foreign buyers because of recent changes to Turkish mortgage law.

The reforms – which were recently passed by the Turkish parliament and will come into effect on 1 January 2008 – will facilitate mortgages at affordable rates for the first time in the country. Consequently, it is estimated home ownership numbers will increase from the current 4.5% to 12% by 2015. There is little doubt that the new legislation will dramatically impact on the property market and marks a major step towards improving access to the market for overseas property investors interested in Turkey in 2008.

With current demand already outstripping supply in some areas of the country, and its sizable population of 70million on the increase, the market is primed to see property price growth. Demand for affordable property is at its highest level ever, with an estimated need for seven million homes over the next 10 years.

Leaving aside the sound commercial reasons for property purchase in Turkey, the country is simply a paradise of sun, sea, mountains, and lakes offering a complete change from the stress and routine of everyday life. Turkey also has a magnificent past, and is a land full of historic treasures from 13 successive civilizations spanning 10,000 years. Yet Turkey is a modern country, with good communications, transport and still with a low cost of living and a very low crime rate. Turkey is also one of the few countries in the world that is totally self sufficient in food production.


Featured property listings in Turkey :

£66,000   5 bedroom Apartment for sale in Altinkum, Aydin
NEW OFF PLAN FOR 2008 Sun Complex 4 Duplex?s, Ground Floor Altinkum Situated in an excellent central location, just 400 metres from the lovely 2nd Beach, 2 Luxury Apartment Blocks seperated by a lovely 75sq meter Swimmimg Pool COMPLETION AUGUST 2008 * A Selection of luxury high quality 3 or 5 Bedroom Duplexs * Two Large Bat
£143,000   2 bedroom Apartment for sale in Bodrum, Mugla
This is a two bedroom 80m2 duplex with a roof terrace just one building back from the beach in central Bodrum. On the entrance floor are two bedrooms and a bathroom with a further bathroom upstairs. On the upper level is a lounge and open plan fully fitted and equipped kitchen. There are internal stairs leading up onto the
Freehold £52,950   3 bedroom Apartment for sale in Altinkum, Mugla
Second floor apartment with pool and garden views situated in an ideal location in Altinkum for the purchaser who requires a tranquill setting. The propety offers three bedrooms, two bathrooms, lounge with open plan kitchen and a balcony. Set in a new complex consisting of 9 apartments, ranging from 1 and 2 bedroomed spacio
£145,000   3 bedroom House / Home for sale in Uzumlu, Mugla
750 SQM land 130 sqm internal area not including balconies and terraces 3 bed ( 1 ensuite ) 2 bath swimming pool 40 sqm parking place A/C in the rooms Central heating pipes delivered in 4-6 months Please contact us at www.dreamsofturkey.co.uk for more details
Reduced To £35,000 Apartment for sale in Calis, Mugla
Area CALIS Type Apartment Price 35,000 GBP Space 95 M2 This lovely 3rd floor apartment is located very close to the centre of Calis. Within easy access to the beach, 10 minute walk to beach, shops restaurants and bars are all within easy walking distance. Very close to sunday market and local transport services to Fethiye.
 
Today's Rates: 1 TRY = 0.86787 $ 1 TRY = 0.44299 £ 1 TRY = 0.58729 €
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