Why Invest in Property in Turkey?
Turkey is a beautiful country, with fantastic beaches, cosmopolitan cities, self-contained towns and gorgeous little fishing villages dotted along the extensive coast.The country, on the whole, offers excellent value for money; accommodation, travel, food and drink generally cost next to nothing. The country is famed for it’s unendingly friendly people; wherever you visit, it’s a given that the locals appreciate the tourism and treat you as a long lost friend.
A popular holiday destination; in 2005 Turkey had more than 21 million visitors, creating tourism revenue of $18.2 billion, and 2006 brought 25 million visitors to Turkey. The number of tourists for 2005 was 20.5% up on 2004’s figures, testament to the country’s ever-growing popularity. (Figures obtained from www.turkey-now.org)
The Central bank of the Republic of Turkey states that the figures for housing inflation are as follows:
For 2006: 14.53%
For 2007: 9.06%
Voted fourth favourite overseas property destination by 'A Place in the Sun' readers, Turkey has a huge amount to offer the prospective purchaser. The article says 'Turkey has everything a property investor needs: sunshine, beaches, culture, a thriving tourism industry, and lots of bargain properties.' It then goes on to say 'The huge success of Turkey as a second-home destination is comparable to that of Spain 20 years ago.' (February 2007 edition)
Many projects are being designed and implemented by the Turkish tourism board, to encourage 'Turkey virgins' to visit for the first time, and to encourage existing tourists to return. Projects such as golf courses, health centres, international events; including Formula 1, Champions League football and so on are increasingly encouraging people to visit Turkey who haven't before, and those who are already sold on the country are encouraged to visit more often. Of course, the introduction of the new mortgage system can only be a bonus.
The increased investment by the Turkish tourism board, along with Turkey's natural charm is increasing investor confidence in the country, especially the Aegean and Mediterannean coasts. Increased interest in these areas directly relates to increased buy-to-let potential for properties in the regions, from the highly profitable short-term rentals to holiday-makers.
Investors buying off-plan property now are likely to find that once the project reaches completion the property market will be much more established, therefore demand will outstrip supply; driving property prices higher.
Facts:
Climate
Currency
Getting There
Language
Purchase Process
Currency
Getting There
Language
Purchase Process
Turkey's Aegean and Mediterranean coasts have hot, dry summers and mild winters.
More information...
Turkish lira (TRY) 1 lira = £0.37 More information...
During the summer season a number of cheaper operators fly direct to Dalaman, Bodrum and Izmir, although Turkish airlines and British Airways fly to Turkey throughout the year. More information...
Turkish is the official language, however much of the tourist areas will speak English and German very well. More information...
The process of purchasing property in Turkey as a non-national is fairly straightforward, the only slight hiccup being the formality of obtaining military check, which ensures the property you're purchasing isn't in a military zone. More information...
More information...
Turkish lira (TRY) 1 lira = £0.37 More information...
During the summer season a number of cheaper operators fly direct to Dalaman, Bodrum and Izmir, although Turkish airlines and British Airways fly to Turkey throughout the year. More information...
Turkish is the official language, however much of the tourist areas will speak English and German very well. More information...
The process of purchasing property in Turkey as a non-national is fairly straightforward, the only slight hiccup being the formality of obtaining military check, which ensures the property you're purchasing isn't in a military zone. More information...
Location Guide
Turkey has many locations where investment and holiday home property is for sale. To find out more about any of these locations please click on the place name, which will take you through to the appropriate dedicated section of the website.
A quiet, reserved and relaxed town on the Aegean coast, Akbuk offers a place to completely relax and unwind in the sunshine...
Altinkum is a favourite amongst savvy overseas property investors. The already popular destination is being enhanced by the new marina, planned for completion in 2009, as well as a new marina road for improved access. Two golf courses are also planned for the area...
A hugely popular resort, Bodrum is often referred to as the 'St. Tropez of Turkey' thanks to it's stunning scenery of the sea, hills and whitewashed houses, and it's popularity amongst the rich and famous. However, despite it's red carpet status, there's still the possibility of getting a good meal with wine for around £10, and enjoying a relaxed, unassuming time there...
A stunningly beautiful traditional fishing village, Gulluk offers views out across the bay and over to the ancient site of Iassos. The village is active all year round, perfect for those who want to enjoy the enviable summer climate as well as visit in quieter periods to indulge in the famous Turkish lifestyle...
Famed for it's most impressive nightlife, Gumbet is a very particular resort. Transforming from a sandy, enjoyable beach resort by day into a partying mecca in the evening, Gumbet is popular amongst teenagers to the young at heart alike, as long as a quiet time isn't on the agenda!...
Almost a life-sized treasure trail, Gumusluk is a haven of cultural artefacts. A quiet, chilled location, Gumusluk is spitting distance from Bodrum, perfect for those who want a tranquil ambience with access to nightlife and a huge array of restaurants...
With beautiful scenery and friendly people, Turgutreis is another popular location for investment or holiday home property. The square in the centre of the town comes alive at night, with people spilling out onto the streets chattering and enjoying an ice cold beer!...
Yalikavak has a very relaxed and tranquil ambience, which is matched by it's short distance to Bodrum centre for those wanting a range of daytime activities and nightlife at their disposal. Yalikavak has many cafes, restaurants and bars overlooking the sea, which serve fantastic food and drinks.
Altinkum is a favourite amongst savvy overseas property investors. The already popular destination is being enhanced by the new marina, planned for completion in 2009, as well as a new marina road for improved access. Two golf courses are also planned for the area...
A hugely popular resort, Bodrum is often referred to as the 'St. Tropez of Turkey' thanks to it's stunning scenery of the sea, hills and whitewashed houses, and it's popularity amongst the rich and famous. However, despite it's red carpet status, there's still the possibility of getting a good meal with wine for around £10, and enjoying a relaxed, unassuming time there...
A stunningly beautiful traditional fishing village, Gulluk offers views out across the bay and over to the ancient site of Iassos. The village is active all year round, perfect for those who want to enjoy the enviable summer climate as well as visit in quieter periods to indulge in the famous Turkish lifestyle...
Famed for it's most impressive nightlife, Gumbet is a very particular resort. Transforming from a sandy, enjoyable beach resort by day into a partying mecca in the evening, Gumbet is popular amongst teenagers to the young at heart alike, as long as a quiet time isn't on the agenda!...
Almost a life-sized treasure trail, Gumusluk is a haven of cultural artefacts. A quiet, chilled location, Gumusluk is spitting distance from Bodrum, perfect for those who want a tranquil ambience with access to nightlife and a huge array of restaurants...
With beautiful scenery and friendly people, Turgutreis is another popular location for investment or holiday home property. The square in the centre of the town comes alive at night, with people spilling out onto the streets chattering and enjoying an ice cold beer!...
Yalikavak has a very relaxed and tranquil ambience, which is matched by it's short distance to Bodrum centre for those wanting a range of daytime activities and nightlife at their disposal. Yalikavak has many cafes, restaurants and bars overlooking the sea, which serve fantastic food and drinks.
