Right now property for sale in Turkey is faring well throughout the country – and has been for the past few years. That’s because Turkey’s economy has progressed well in comparison to other European and world zones. Its infrastructure has improved in recent years, the Turkish Tourist Board has been spending money on restoration projects and Turkey is now considered one of the world’s Top 10 tourist destinations here at Oceanwide Properties we’re pleased to announce.
As a result the number of estate agents in Fethiye, Kalkan and other popular resort areas has multiplied making it easier to access available property in these popular coastal regions. The Turkish government is also actively marketing Turkey as a holiday destination and has made it easier for non-Turkish residents to invest in Turkey property through loosening of legislation such as the reciprocity laws.
Much development work has gone on in the city of Istanbul, particularly within the past two years, with some Turkish sources hailing Istanbul the ‘London of Turkey’. (upmarket store Harvey Nichols has a shop there and even Swedish home store giants Ikea have made their mark there).
The strategy for property investment in Istanbul is different to that of the coastal regions where property tends to be for short term holiday lets. In the city it’s for incoming workers and therefore long-term rental.
Those holidaying in Istanbul can enjoy a colourful and very cultured city which remains cooler than the coastal resorts during the very hot summer months between June and September.
The fashionable coastal resorts of Fethiye, Bodrum and Kalkan
In the south west of Turkey in resorts such as Fethiye, Bodrum and Kalkan in particular – but by no means exclusively – property has risen by as much as 52 per cent within the past two years. In Turkey as a whole the average property has seen an increase of between 10 to 15 per cent. But that’s expected to rise as Turkey gets closer and closer to gaining EU status. And it is likely that property prices too will become more ‘European’ – which is why now is a good time to buy in the country while Turkey property remains very competitive in comparison.
Turkey has 8,430 km of coastline so there’s no shortage of coastal resorts to choose from for those looking to buy a property in Turkey. At the moment there are plenty of off-plan developments to invest in and those with golf courses nearby and plenty of sailing potential are selling particular well.
Access to Turkey
Tourists arrive in Turkey at one of three international airports at Bodrum, Dalaman and Antalya. From the UK the flight takes less than four hours while the time difference is around two hours. And there are plenty of budget airlines keen to cash in on the growing popularity of Turkey as a tourist and property investment destination – whether from the UK or other areas of Europe and beyond.
You can read more information about the types of property available in Turkey at our website Oceanwide Properties Turkey.