The Turkey real estate market is positively thriving. Since the boom in holiday makers once again visiting Turkey this year it also means that these holiday makers often want to invest in Turkish property. The real estate market in Turkey is buoyant with properties for sale in the cities and on the coasts of the Aegean and Mediterranean. The property market in Turkey is abundant with apartments, duplexes, penthouses, villas and bungalows. Then there is land, where you can buy a plot or several together and plots come in various sizes so you can build your own house to your own specifications.
The economy is good in Turkey and the current exchange rate from Great British Pounds (GBP) to Turkish Lira (TL) is a huge advantage for foreigners visiting Turkey. Or indeed expats who live full time in Turkey or visit often if they have a holiday home here. All summer the hotels across Turkey on the coasts have reported full occupancy and most of those staying in hotels have been foreigners. Its not just hotels that have been busy this year also private apartments and villas have reported their rentals have increased as both foreigners and Turkish locals have booked these properties for a holiday.
We are seeing a new trend in the Turkish real estate market as young Turks marrying are opting not to live with their parents which is traditionally what they do when they start married life. Instead young professional Turks are buying their own apartments and getting on to the property ladder at an early age. This was unheard of years ago but now Turkish mortgages are readily available for those who can afford to pay the required deposit. Its not only Turkish nationals who can apply for a mortgage in Turkey, foreigners can too as long as their credit check is healthy, as the same checks that re carried out in the UK also apply in Turkey.
The real estate market in Turkey offers affordable homes currently from just £32,000 which is incredible value for money for a 2 bedroom apartment. This is on the coast in a small quiet resort of Mavisehir which is north of Altinkum (Didim) on a well looked after complex with landscaped gardens and a communal pool. It has panoramic sea views and it’s a mere 10 minute stroll to the beach. Along the waterfront there is an evening market which is open throughout the summer months and there are also shops, bars, cafes and restaurants here too which serve local dishes and international cuisine, here you can experience the true flavour of Turkey.
If you fancy buying real estate but prefer to be in the hub in the city, you will be delighted to know that a city pad will not break the bank. Property for sale in Istanbul, starts from under £41,500 are you shocked? I bet you are! Where else can you buy a city apartment for that price? Not in Europe that’s for certain and these properties are being snapped up by investors and holiday home hunters. This particular apartment is 1 bedroom with terraces or balconies with superb forest views and its just 26 miles to Taksim Square the very hub of Istanbul which can be reached via excellent travel links.
Maybe an apartment is not big enough for you as have a large family or you simply want more space, if this is the case a villa would suit you perfectly. Villas are for sale in Turkey all along the beautiful coastline with most enjoying picturesque views and private pools too. This is the type of Turkish real estate to invest in if you also value your privacy and prefer to have a peaceful holiday in a home away from home environment. What would your guess be on the price of a villa I wonder? Would it be less than £65,000 for a 2 bedroom semi detached with a communal pool? If you prefer a detached with 3 bedrooms and a private pool that can be yours too for less than £70,000 sounds utterly ridiculous but its true!
The Turkish real estate market is doing well because of affordable property for sale in pretty locations. The climate is typically Mediterranean with dry, hot summers and mild winters. It affords long holidays and easy 4 hour flights from the UK to all the main resort destinations. The exchange rate is a huge draw so take advantage of it now and visit Turkey this summer.