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Turkey is a great place to purchase a holiday property. If this is something you’re considering, read on to discover more about some of the best property trends.
Luxury apartments in Istanbul
Luxury apartments in Istanbul are an option you should consider if you are interested in buying a property in Turkey for investment purposes. While a lot of people choose coastal vacation properties instead, Istanbul is a much safer bet. Read on to discover the reasons why.
Apartments in Istanbul represent an excellent opportunity, as they are much cheaper when compared with other major cities in Europe. Of course, prices are rising all of the time, so you do need to act quickly. Nevertheless, a lot of foreign buyers elect to purchase coastal vacation properties instead of those based in Istanbul. They are attempting to attract the millions of tourists that visit Turkey every year. However, you would be wiser to consider Istanbul if you are purchasing for investment purposes.
Istanbul has a young population, with many deeming it the future of Turkey. There are more than 350,000 weddings a year in Turkey, and all of these young couples need a place to live. Thanks to the low unemployment and strong economy, they can afford to do so. Moreover, half of the current housing stock in the country needs to be renovated or replaced, which shows that people are looking for better and new buildings. This is why there is a construction boom. With Istanbul, you appeal to the local market, which is much less liquid than the vacation market. There are always going to be many different potential buyers if you decide to sell. With a vacation property, you limit your options. Airport transfer in Istanbul is challenging, so it is a good idea to include this in your offering if you’re going to rent out to tourists.
Land for sale in Bodrum
Land for sale in Bodrum is an option to consider if you have not fallen in love with any of the properties you have seen so far. By purchasing land, you will have no restrictions on the type of property you can build. You can create your dream home to your exact requirements.
Bodrum has become a popular place for foreign investors over the past few years. The Bodrum Peninsula stretches from the southwest coast of Turkey to the Aegean Sea. Not only do you have Bodrum City in the centre, but also there are numerous beach resorts and towns that have attracted interest.
No matter what part of the Bodrum Peninsula appeals to you, you are bound to find plenty of land for sale if you have decided to go down this route instead o purchasing property for sale in Turkey. One of the great things about buying land is that you essentially have a blank canvas. You can create the property of your dreams. When it is finished, there will be nothing more satisfying. You can also find a great deal, as the price of land differs considerably. For a 700m2 plot with sea views, prices start from as low as £38,000. You should not have too much trouble when it comes to water connections, road access, and building permission. But, of course, you always need to acquire about this when purchasing land. There are also many esteemed developers and architects in the country that are used to taking on these projects.
Different opportunities when it comes to villas in Dalaman
There are many different reasons why people look to purchase in this area of Turkey. A lot of people want to capitalise on the peaceful and laidback lifestyle provided. There are many different areas in Dalaman, from the lively Hisaronu to quieter Uzumlu, and thus this is a place that can cater to all types of lifestyles. Therefore, a lot of people purchase property here to experience a different lifestyle from the UK. They want to move abroad and try something new.
For others, it is about economic expansion and investment. Their purchase is all about making more capital and boosting their investment portfolio. It is not hard to see why Dalaman would appeal in this sense. It is a place that attracts an abundance of tourists every year, and therefore, there is always a demand for property in the area, and investors can expect to make a high return on their investment, especially during the summer months. There are then those who wish to purchase a property in the area because they want to have somewhere to go on holiday throughout the year while there are then those who seek to retire in Dalaman, with the likes of Uzumlu and Feithye being popular choices.
Lots of areas around Fethiye
Villas for sale in Fethiye appeal for a number of different reasons, including the fact that it is a year-round town, and it is near to popular resorts, including Hisaronu and Ovacik. Nevertheless, you will have various options when buying a property in this area.
If you are looking to purchase a property in Fethiye town, you can expect to pay more than £100,000 for an apartment that overlooks the marina. If you have a luxury budget, you may want to consider building your own house, although plots of land are scarce. Another option would be to opt for one of the islands that are closest to the harbour, such as Sovalye. You will find a frontline villa here for around £700,000. If this is way out of your budget, don’t worry, as there are plenty of other options available to you. The Calis Beach area is a good place to consider for affordability. This is situated to the west of the centre. It is a compact and flat place, which makes it a popular choice amongst retirees. It also has a lot of lovely restaurants and bars by the seafront.
Apartments here start from around £45,000 while you can find a three-bedroom villa on re-sale for about £100,000. Alternatively, you may want to consider the nearby holiday resorts of Ovacik and Hisaronu. The latter has a younger and livelier crowd, with apartments starting from around £60,000. It is slightly cheaper and quieter in Ovacik, with villas from around £100,000 and apartments from £50,000.