In all honesty, there isn’t a bad place; to invest in Turkey all that is important is that you choose the place you want to be. What are you looking for in buying a property in Turkey? Is it somewhere to maximise rental potential on your property by way of renting it out? Is it somewhere to buy a holiday home for yourself and your family? Or is it for residing full-time?
Istanbul is the hot spot for an investment, it’s a popular choice for investors and they have been snapping up property there for years. They could see the potential of this vibrant city and all it had to offer and in 2016 just shy of 10 million tourists visited Istanbul and they all want somewhere to stay. Whilst the hotels are good in Istanbul tourists are opting for a private rental, this is increasing in number, it’s because a private rental apartment, for example, gives privacy, freedom of movement, and more space than a hotel room offers.
The average rental returns are currently around 6-9% and increasing. You can use the services of a management company and you will have to pay a fee to them, but it will be worth it to have your property managed efficiently on your behalf. Anyone who loves the bustling city life will want to rent a property here or buy for themselves.
Istanbul may no longer be the capital of Turkey anymore but it’s where most tourists visit for a holiday or weekend break, this rich in culture city has a lot to offer, it’s the very hub of Turkey and it’s on everyone’s radar to visit this iconic city. The Bosphorus divides the city into what’s commonly referred to as the European and Asian sides and property here is highly sought after on both sides of the Bosphorus. It is one of the most enchanting and culturally diverse cities in the world, yet it is also extremely cultured and literally full of history.
There is an abundance of museums and art galleries, as well as plenty of shops and local markets and not forgetting the Grand Bazaar. If you love to shop then a visit here will be one to remember. A must on your things to do and see the list is The Sultan Ahmed Mosque it is a beautiful building that dominates the skyline. It’s known as the Blue Mosque due to the blue Iznik tiles which adorn its interior.
Bodrum is another firm favourite; it’s a charming location on the Aegean with superb beaches and miles of sensational coastline which is perfect for long coastal walks and bike rides. There is culture, architecture, wonderful monuments, a delightful marina, and an impressive castle. There are trendy boutiques, cafes, and bars with upmarket restaurants offering delicious local and international cuisine, Bodrum is ideal for the holidaymaker and permanent home buyer, property is affordable with often views to die for and it is extremely rentable as tourists are happy to take their annual two or three week holidays here every year and long weekend breaks.
A little further along the coast is Fethiye it is one of the most popular holiday home property choices to buy in the world; it’s picturesque and largely unspoiled and has become a haven for holidaymakers and permanent living ex-pats. Fethiye stretches inland from the harbour for over seven miles, with many pretty villages and towns. Calis is to the North and has a pretty coastal promenade boasting amazing views. South is delightful Oludeniz this truly lovely town is world-famous for its beautiful beach and blue lagoon and I can guarantee you have seen pictures of it in glossy magazines and wished you were there.
On the sun-drenched Mediterranean, you will find Antalya and Alanya both of these cosmopolitan cities have something for everyone, again holidaymakers flock here to Antalya’s coastline it spans 657 km (408 miles) with sun-kissed beaches, ports, and historic ancient cities. The marina in Alanya is home to the rich and famous with fabulous yachts and vibrant nightlife.
Where is the best place to buy a property in Turkey? Every location has something to offer, you decide!