Insight on Turkey real estate: For British home buyers and investors
Turkey attracts millions of people every year for vacations and affordable holiday homes, Turkey real estate has emerged as a popular spot for Brits seeking retirement homes (or at least long winters away from Britain). The British home buyer and investors are favoring Turkey as it cheaper to stay in than some of the old favorites and they also think that the Turkish people are friendlier and offer better living environment.
Turkey has a string of special coastal towns and places along its 700 km Aegean/Mediterranean coast from Cesme in the north right down to Alanya. This whole stretch is by far the most popular destination to buy — who wouldn’t be tempted by a place called the Turquoise Coast? Some of the dazzling highlights include Olu Deniz, arguably the most beautiful little stretch of golden sand in the whole of Mediterranean. There are several houses for sale in Turkey which especially attracts the British buyers.
There are towns which incorporate beach life with traditional history, such as Bodrum. The beaches and marine environments of the Turquoise Shoreline have distinguished British fans; which include David Beckham and David Cameron.
Turkey isn’t just about the beaches, though. It has a ski area which is not far from Fethiye. Additionally, there is a scope of several adventure activities including white-water rafting, hiking and paragliding. Being a Muslim country, Turkey has a more modest attitude to holiday fun — a little bit less excessive hedonism than some countries.
Prior to the 1920s much of this coast was occupied in by Greeks and Turks together, and the mixture of these two cultures brought some of the beautiful structures, especially in old fishing locations like Cesme. However, home seekers have been venturing a little way off of the coastline too, to villages like Uzumlu, which is set among the forested hills.
The British are definitely the biggest overseas buyers of Turkey real estate and there are quite large residential areas which specifically designed for them. About 5,000 British people call Fethiye as their home and they are tempted by attractive apartments which are fewer than 50, 000 Euros.
The Mediterranean coast has the most popular and the best places for English-speaking real estate agents, legal professionals and professionals. The Black Sea coast is wetter and have a tremendous mountain, but the ancient dock associated with Trabzon has been attracting some ambitious buyers.
Where should you buy Property in Turkey?
The vast majority of British buyers check out Turkey’s southwest coast, south of Izmir, where the Aegean meets the Mediterranean towards east to Alanya.
The Cesme peninsula offers some amazing, traditional seaside villages which are popular with weekenders from Izmir, 50km away, and both of these areas and cheap and cheerful. However, Kusadasi has slightly fallen in favor with the British market as this area is developed more enticingly.
One of the particular areas is nearby Didim, a working Turkish town that has been attracting a raft of new investors which includes a new marina and town square. Another next-door beach resort of Altinkum has historically become a huge hit with British buyers seeking a holiday home which can cost around 50, 000 Euros.
Few other areas in Turkey which attract British property buyers are as follows-
Popular Bodrum is unquestionably the spotlight of this stretch of coast and a luxury hotspot historically popular with rich Turks — it has several new five-star hotels which are build recently.
Stretched over 25 miles long, this area is a blend of package resorts, charming fishing villages and elegant marina towns. Some areas are more Turkish than others — Turkbuku is a unique area popular with wealthy locals — while Yalikavik has developed into a cosmopolitan resort that is famous with some of British celebrities like-Jade Jagger and Cristiano Cr7.
In the peninsula area, Gumbet and Gulluk are definitely more affordable, as is Bodrum town itself where you can get an apartment for less than 50, 000 Euros but all the resorts are easily accessed from Bodrum’s advanced international airport.
In the way east to Fethiye you will reach the major tourist holiday resort of Marmaris, popular with retirees, with a tiny house property starting from around 80, 000 Euros. Apartments here are priced at 55,000 Euros (resale) and 80, 000 (new).
Dalaman is the next major buying area which includes the virgin part of Dalyan where you can get an apartment from around 40, 000 Euros or a three-bed detached house with a pool for 150, 000 Euros.
Beyond that is Fethiye which is a city and district which is surrounded by Calis, Ovacik and Hisaronu, is a great favourite amidst British purchasers. Calis Beach, a plain area behind the bay, is loved by retirees, who might buy houses in Turkey for little more than 50, 000 Euros.
The area is quite famous for Olu Deniz, one of the most photographed beaches on the globe, and around this area one can find, studio apartments can cost 35, 000 Euros and a good quality villas with private pools may start from 140, 000 Euros.
· Kalkan and Kas
Kalkan and Kas have elegant and stylish resorts based around bohemian old towns with alluring harbors. Buyers in this area tend to be older, wealthier, and who usually buy for more traditional Turkish experience. Here, apartments are more expensive than Fethiye (but still start at just 50, 000 Euros) while villas can cost around one million. Kalkan has recently got a superior makeover after a fire destroyed a sizable portion of the harbor in 2014.
This remains a great place for villa rentals; particularly if you have one of the newish typically Kalkan modern day style villas with infinity pool and sea views within the bay .This kind of property expects to be priced over 400, 000 Euros. Deals are more likely is around 200, 000 Euros to 300, 000 Euros in sectors that feature quality apartments or older resale villas.
Turkey real estate has transformed itself to meet the requirements of various home buyers and investors. The real estate market in this no longer catering to the needs of the natives but they are steadily becoming popular with overseas buyer especially British buyers.