Turkey Real Estate
Buy Turkish Property
either for investment or residential living

General Factors

Turkey offers visitors a heady mix of European, Arabic and Asian influences. Purchasers of investment property in Turkey generally buy into one of two markets: the vast majority purchase on the coast where prices in popular seaside resorts have risen by as much as 52% in the last 12 months. Increasing numbers of other canny investors are today looking to the expanding city of Istanbul which is also currently enjoying a strong and growing economy, bringing on a resulting building boom to supply a strong demand for commercial and residential properties.

In common with many emerging markets on the threshold of full EU membership, Turkey's city investment arena is now taking a strong hold, where increased foreign investment and new commercial activity in centres such as Istanbul are prompting some great investment opportunities in both residential and commercial property - Ikea opened a store in Istanbul in 2005 and has been followed this year by Harvey Nichols. Currently there is currently an annual unit shortfall in Istanbul property totaling some 250,000, translating to a strong opportunity for timely investors into the retail property market.

As in many countries today, golf is one of the driving forces in the tourist economy and Turkey makes no exception, offering very well priced off-plan options within stunning golf courses. Investors seek to profit from high growth figures and reliable buy-to-let rental yields. Turkey currently attracts some 25 million tourists per annum, indicating an enormous demand for tourist amenities and accommodation. Solid rental yields can be obtained by investors who carefully purchase in buy-to-let properties in the hotspot locations along the coastal strips of the Mediterranean Sea such as Bodrum, Izmir, Antalya, Kas and Fetiye, and these are well served by airports at Izmir, Dalaman and Antalya. Istanbul simply bursts with culture and beauty, also giving it immense tourist appeal and investors are wisely snapping up carefully selected off-plan properties to boost a growing market for city residential and commercial investments.

The transport infrastructure in Turkey has seen much improvement in recent years in anticipation of meeting EU standards, while air links are second to none, welcoming international flights laden with holiday makers to serve the buy-to-let investments of wise purchasers in key tourist locations.