Getting The Best Deals In Turkey Property Market

Are you looking for new homes or searching for properties in Turkey? Turkey is fast becoming one of the most popular vacation spots in Europe, and one of the top ten holiday locations in the world with an excess of 26 million annual visitors. Turkey has experienced a 15% to 20% annual increase in tourism and the introduction of the low cost airlines in this country is expected to increase the numbers even further. With over 300 days of sunshine, an abundance of long golden beaches, yachting and one of the most diverse and wonderful cultures, Turkey has excelled in its unique capability of attracting tourists from every corner of the world.

Along the West Mediterranean and Aegean there are numerous unspoilt areas which are covered in pine trees, with many olive groves and citrus orchards. Turkey’s most stunning beaches can be found along the Mediterranean coast, whilst the Bodrum region benefits from a number of peninsulas and deep bays making wonderful views and idyllic for sailing. It is no wonder that many of the tourists end up purchasing villas and property in this wonderful country so that they can have a permanent home in the sun.

If you are considering moving overseas or investing in a luxury villa or home, then Turkey offers significant advantages. With over $4 billion invested in the Turkey Property market over the past few years, it has transformed into one of the fastest rising property markets, becoming one of the most fashionable markets for both investment and lifestyle. Prices are still cheap in comparison to other similar locations in Europe, and have been experiencing 20% to 30% annual property price increases over the past few years.

In Turkey there are two very different large property markets. The major cities, of which the most significant is Istanbul. It is very short of high caliber properties and this combined with a strong local rental demand has resulted in a significant property prices increases, as high as 85% in some parts with rental returns as high as 8% to 10%, depending upon quality where they are located. Villas and Holiday homes by the coast and in particular Bodrum and West Mediterranean provide the other major property market in Turkey. Overseas investment has been driving this property market and as such it has benefited by solid growth during the most recent three years. The level of investment in this region has been a major driver in the immense growth in tourism.

There are numerous options to consider when looking to buy your dream home in Turkey, you need to decide what the main purpose of your dream home is, and if you want to be by the sea, mountains or located in the heart of one of Turkey’s major cities. Buying an investment apartment in Istanbul is very different from buy your dream holiday villa by the sea, and you need to take into consideration completely different factors such as catchment area, transport links, proximity to schools, shops, parks versus how close the dream villas is to the beach, restaurants, cafes and shops are. You will find numerous property agents that specialise in various regions and specialise in Investment and lifestyle. They are very useful in providing you with information and guidance as to what regions or types of Turkey property best suit your needs and budgets. Property in Turkey is both available and affordable compared with most locations in Europe and the internet is an invaluable tool to access the numerous informative websites. These sites should be enriched with information on homes in Turkey, thus ensuring that you can find your dream home or Villa in the sun.