Turkey has exceptionally cheap prices compared to other European countries, and in recent years has received billions in foreign investment.
Due to a low priced property market and the Turkish Lira costing around £0.13, investing in the Turkish market could be a great place to invest for 2019+; With bountiful foreign investment and regeneration developments, property prices and the Turkish economy will soon be on the rise.
On average, prices of property for sale in Turkey range from around £20,000 to £5,500,000; depending on the location.
In popular destinations, such as Ankora, prices are generally higher due to the increased demand. However, do not be put off by this, as prices in popular areas usually rise faster than the less popular areas, and you will of course have the option to run the property as a BTL.
Fethiye is a fairly small city on the South-West coast of Turkey, with around 150,000 residents. Fethiye is a popular tourist destination, which could provide a possible rental income if you were to invest in a holiday villa in Fethiye.
If you’ve visited Fethiye, or like the idea of owning a house in Fethiye, expect to pay between £30,000 and £1.5m for a house in this coastal city of Turkey.
Situated within the Turkish Riviera is the popular tourist resort of Marmaris. During peak holiday season, Marmaris attracts around 400,000 tourists to it’s resident population of only ~31,000 – Tourism is the main source of income for the once-was fishing village.
Interested in buying a property in Marmaris, Turkey? On general, houses in Marmaris range from £35,000 for small studio apartments, to multiple £millions for beachfront villas.
Kalkan, also known as Kalkan Belediyesi, is another popular tourist destination in Turkey which displays some historical sites, such as the old amphitheatre near to Patara Beach. Prices in Kalkan are similar to that of Marmaris, with apartments generally being sold for around £40,000 and large, luxury houses for £1.5m+
Located only 8km from the resort of Marmaris, is the resort of Icmeler. If you enjoy a site-seeing retreat, head for Icmeler – Not only are there golden beaches to relax on, but also the Pamukkale (Thermal spa and Hierapolis ruins) and the 1500s Marmaris castle to name a few. To buy an apartment in Icmeler, Turkey, you’ll be looking at a purchase price of around £50-90,000.
The port city of Bodrum is situated on the South West coast of Turkey and is in close proximity to the island of Kos, Greece, taking approximately 50 minutes by boat. There are various historic ruins in and around the city of Bodrum, such as the theatre of Halicarnassus and Bodrum Castle. Interested in buying a house in Bodrum, Turkey? Apartments in Bodrum start from around £30,000, whereas if you are a person of luxury and are intending to purchase a large prestigious villa in Bodrum, prices are a hefty £5m+.
Altinkum is situated on the coast of Western Turkey, facing the Aegean Sea. The town of Altinkum also displays some historic structures such as the nearby ruins of Didyma, a Ionian city which was destroyed around 494BC. If you’re intending to buy property in Altinkum, prices of apartments start from around £30,000 and houses from around £65,000.
Kusadasi is also situated on the Western coast of Turkey and similarly to other resorts in Turkey, there are numerous historic sites nearby. The Temple of Artemis, Basilica of St. John and the House of Virgin Mary are a few of the historic sites in the area. There are various new property developments in Kusadasi, which blend in the old with the new. Prices of property for sale in Kusadasi are in the region of £30,000 to £200,000; depending on the type and size of property.
Istanbul is the largest city in Turkey with a population of ~15 million, situated on the North-West coast, around 300km from Bulgaria. There is a diverse range of property types for sale in Istanbul. From small terraced houses, to luxury apartments and large detached villas. Istanbul has also undergone various property developments in recent years to cater for the growing young workforce. If you’re intending to buy a house in Istanbul, generally, prices range from £30,000 – £3m+ for apartments and £150,000 – £14m+ for houses.
Alanya is a popular resort town in Turkey which boasts numerous attractions such as the famous Kleopatra beach, Damalatas Caves and Alanya Castle. Property for sale in Alanya ranges in price from around £100,000 for small houses to £2m+ for luxurious villas.
The affluent resort city of Antalya is situated on the South coast of Turkey. The harbour of Antalya houses luxury yaghts, which are surrounded by sizable hotels. Like the idea of owning property in the luxurious resort of Antalya, Turkey? Prices generally start from around £40,000 and range up to £2m+.