Turkey is a vast country, spanning 81 provinces and eight very different geographical regions. If you’re looking to own property in Turkey, you could risk being overwhelmed by the choice. From the glamour of cosmopolitan Istanbul to the gloriously sunny seaside resorts of the Aegean and the Mediterranean, as well as thousands of rural, remote villages, there is something for everyone.
It can be said that foreigners looking to own property in Turkey generally fall into three main categories:
- Istanbul
- Mediterranean Coast
- Aegean Coast
For decades the South and West coasts have been a huge draw for both tourists and international buyers. With scorchingly hot summers, guaranteed sun from Easter to Autumn and mild winters, it is hardly surprising that the coastal resorts have been hugely popular. Communities in these towns, villages and resorts are less conservative and more multicultural.
Istanbul, whilst not the capital of Turkey (don’t make that mistake!), is the largest city. As well as a timeless appeal to tourists, the modernisation and regeneration plans taking place across the city and its suburbs are appealing to expatriates and international property buyers. As the only city in the world in both Europe and Asia, it is a true gateway city.
Let’s look at a couple of our favourite places to own Turkish property:
Istanbul : Turkish Property Powerhouse
For many, Istanbul is the real heart of the Turkish property industry. A city which spans two continents – with centuries of critically-important history – which is now one of the most vibrant cities in Europe or Asia. The city attracts foreign property investors of all nationalities and all budgets. With mass construction on the outskirts and in the suburbs, there are plenty of buy-to-let opportunities. Neighbourhoods have been rejuvenated or created around onsite facilities and café culture, with parks, schools and pools to attract families.
A vast amount of potential remains in Turkey’s largest city. Numerous infrastructure projects and improvement of transport hubs are attracting professional expatriates and buy-to-let investors.
The Golden Sands of Altinkum
An aptly-named resort, Altinkum literally translates as ‘golden sands’. Yes, you’ve guessed it, there are beaches galore here. Didim is the heart of the town, set back from the beach. The own offers plenty of shops, bars and restaurants as well as a the day-to-day amenities such as doctors, dentists, schools and transport. Altinkum has been popular with expatriates for years, particularly British. The average price of a half-decent two-bedroom apartment starts at £50,000, and with a good mix of apartments and villas, it is ideal for owning either a holiday home or living permanently.
Luxury Property for sale in Kalkan
Kalkan is a small village on the Mediterranean coast. The majority of property here is aimed at the luxury end of the market. There are a few apartments for sale, but principally this is where you would come if you were looking to own a luxury villa on the Med. In some cases, world-famous architects have been involved in designing some of these fabulous award-winning villas. If you want to buy a property which wouldn’t look out of place in a glossy interiors magazine, Kalkan is for you.
Attractively-Priced Alanya
Alanya, on the Mediterranean coast, offers competitively-priced apartments close to the beaches. First-time buyers in Turkey and those looking to own a sunny bolt-hole will find Alanya a good option. This is a tourist town, and attracts holidaymakers all year round including Brits, Russians and Eastern Europeans.
Antalya City Centre: Everything You Need
Istanbul isn’t the only city to consider owning a property in. Antalya offers an incredibly scenic district as well as two large beaches where you can chill out and escape the buzz of city life. It is the centre of activity for this part of Turkey, so literally everything you need is close by. Whether you are looking for café culture, incredible street food or gastronomy from some of the world’s finest chefs, it’s all here.
Yalikavak: Fishing Village or Stunning Yacht Marina?
On the Bodrum peninsula, Yalikavak is an area of Western Turkey which has seen a dramatic change over the last 20 years. Originally a modest fishing village, the construction of the Palmarina – a multi-million dollar yacht marina – has transformed the area. Super-yachts can be seen moored regularly as millionaires and even billionaires spend time here. Prices of Yalikavak property remain accessible, and a lovely seaside community and gorgeous landscapes can be yours without breaking the bank.
Fethiye: A Turkish Delight
Expat and foreign property owners love Fethiye. Over the last 20 years it has become a firm favourite, and it isn’t hard to see why. As a major hub on the Turkish Riviera, the combination of green mountains, blue seas and gorgeous landscapes means it ticks a lot of boxes. Property owners tend to prefer three main regions (Hisaronu, Ovacik and Calis Beach) although the town centre itself has plenty of options. The sandy beach of Oludeniz is a huge draw for tourists and holidaymakers. Buying an apartment or villa here to rent out for part of the year could be a safe bet. For those wanting to be off the beaten-track, the mountain resort of Uzumlu attracts property owners and investors.
