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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. |
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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. |
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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. |
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Featured property listings in Turkey :
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from €95,500
2 bedroom
Apartment
for sale
in
Alanya, Antalya
This 5-star vacation paradise will rise from one of the most beautiful locations in the Alanya region, at the foot of the Taurus Mountains. From this location, all of the homes will have a breathtaking view of the Mediterranean Sea, the green countryside of Mahmutlar and the mountains. All of the amenities are provided for
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from €95,500
2 bedroom
Apartment
for sale
in
Side, Antalya
New build apartment complex located in a quiet area of Side, about 700 m from the sandy beach and 500 m from the shops and restaurants. On this complex there are only 2 buildings, each with 4 apartments and 2 dublex apartments, together with a communal swimming pool. The apartments have 85 M2 living area with: 2 bedrooms, l
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€95,516
1 bedroom
Apartment
for sale
in
Istanbul, Istanbul
This extraordinary beachfront complex is located in the Sinanoba region of Istanbul. It is only 20 min drive away from Istanbul Ataturk Airport. Design, facilities and quality of the complex are reflecting 5 stars hotels specialities. Facilities: Private Beach and port 2 outdoor and 1 indoor swimming pool Jacuzzi, Hydromass
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€95,524
1 bedroom
property
for sale
in
Fethiye, Mugla
Offering views over Ovacik and Hisaronu and the surrounding mountains. These apartments are perfectly situated for those who want all the amenties that Hisaronu have to offer without being in the heart of the action. The beach at Olu Deniz and the market town of Fethiye are within easy reach making these the perfect holiday
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£86,900
3 bedroom
House / Home
for sale
in
Bodrum, Mugla
In Bodrum Yalıkavak
Duplex vılla
90 m2 living area
3 bedrooms
2 bathrooms
17 m2 terrace
7 m2 balcony
30 m2 sunroof
Private swimming pool
In a complex
Pool bar
Snack bar
Swimming pool for children
Playing area for children
Satellite TV
Free shuttle to the beach and the city centre
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| Today's Rates: |
1 TRY = 0.65422 $ |
1 TRY = 0.39916 £ |
1 TRY = 0.43882 € |
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