How To Buy The Best Holiday Property In Turkey?
The last few years has seen a 67% dramatic increase in the number of overseas investors buying real estate in Turkey as a second holiday home. Warm summers, mild winters, fantastic scenery and great food are just some of the factors that have combined to attract unprecedented international investment. And as if that wasn't enough, low interest rates, the continuing boom of Turkey's housing market and the growing demand for self catering accommodation from the tourist industry means that an investment in Turkey you make now will yield impressive returns in the years ahead.
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Where to Buy Real Estate In Turkey?
This clearly depends on your personal preferences, but if you want to gain income from renting out your Turkish property to holiday-maker's you do need to do some research.
Sports lovers should investigate apartments in Alanya , and particularly for golf apartments Belek. Each of these regions enjoys a strong tourist industry and it will be easy to generate income by letting your home to holiday-maker's.
If sun, sea and sand are at the top of your list of priorities, give some thought to buying apartments in Antalya or Kemer; both of which are renowned for breathtaking scenery, an excellent climate, superb beaches and crystal clear seas. Between them in the area of Antalya includes the famous holiday destinations of Mahmutlar Lara, Kundu and Konyaalti rental furnished apartments, each with a ready supply of holiday maker's.
If you prefer the quiet life of traditional Turkey, you may want to consider buying a property in Kas, Kalkan Fethiye Marmaris and Bodrum. Even though the airport is distant, these areas are relatively unspoiled and the property prices tend to be higher, and do be aware that rental incomes will be higher than in other regions as there is seasonal more demand to let.
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What Real Estate To Buy In Turkey?
Again, this depends on your personal preferences and budget but you also need to consider the type of property and the market you’re aiming at. If you want to start enjoying your property in Turkey immediately, look for pre-owned (resale) property rather than off-plan opportunities. One of the advantages of buying resale property is that you can often buy the furniture at the same time which means more time spent in the sun and less shopping, as well as fewer worries about holiday maker's damaging your prized possessions. Don’t forget to check out the rental prices of similar properties so you can get an idea of what income to expect during the holiday season.
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Turkish Apartments, Condos And Flats In Turkey
Apartments in Turkey are ideal for first time buyers and investors who are more interested in regular rental income than personal luxury. Most of them have been built expressly to service the tourist industry, are inexpensive to buy, cheap to maintain and situated in close proximity to the main tourist resorts.
- Viewed as a secure investment.
- Value for money.
- Low community charges.
- Good rental property.
- Within a complex - size varies from 500 apartments to 50 apartments.
- Noisy with neighbors in close proximity.
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Turkish Home, Villas In Turkey
Villas in Turkey are much sought after by holidaymaker with a larger budget, a detached villa will generate a higher rental income and gives you much more scope for creating a real home from home. Most come with a private pool and many are of an individual style and design.
- Ideal choice for buyers with a good amount to spend.
- Good investment given all year round high demand.
- Little maintenance.
- Comparability with a proper house.
- Comfortable to live in.
- More private than apartments.
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Turkey Rural, Village And Farm Properties In Turkey
If you want a rural retreat you’ll find thousand of rustic hideaways throughout Turkey, offering the chance to really live the Turkish life. If you’re buying an older property be prepared to pay for higher maintenance costs and make sure that a qualified professionals check the condition of the Turkish house and its wiring and plumbing.
- At times ridiculously cheap.
- Often in real need of extensive refurbishment.
- Very low running costs.
- Property often sold with large amount of land.
- Own utilities ie well, septic tank etc.
- Privacy gets as remote as can.
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