Since June 2003, when Turkey liberalised its property market for foreign buyers, thousands of foreigners have purchased property in Turkey. The property prices in Turkey are still significantly lower than other European destinations. But as Turkey is becoming an increasingly popular place to visit, or buy a holiday home, because of its great climate and property investing potential, upward pressure on prices are starting to take hold.
Turkey's economy - driver of the property market
Turkey is an economic success story, with successive years' of growth. Turkey has become a critically important market for German business, while Germany is a crucial export destination for Turkey – and the bond between the two countries is strengthening. Turkey already ranks 6th among European nations based on size of economy, after Germany, UK, France, Italy and Spain.*
Turkey has been given EU candidate membership since 1999 and talks are ongoing, negotiating full membership. However Turkey has recently grown in stature through the economic crisis, growing its economy at a time when other countries have experienced retracting economies.
Turkey History, for the buyer of Turkey Property
Turkey's history spans 13 successive civilizations over 10,000 years, from the Hittites to the Hellenistic age of Alexander the Great, to Persians, Greeks, Romans and Ottomans. No matter what length of time you spend there, you can see some small part of Turkey's great heritage. The Republic of Turkey, as we know it today, was founded in 1923 by Mustafa Kemal (AtatÜrk)
The Republic of Turkey is a secular State, in that religion and politics are independent of each other. Whilst the majority of the population are Muslim, there is a liberal interpretation of Islam and it is one of the most tolerant nations in this respect.
Turkey Culture, for buyers of Holiday Homes or Turkey Property
With important historical sites of: Ephesus, Didyma, Priene and Miletos, Apollo, as well as the history of Istanbul, straddling the Bosphorous and its geographical importance, Turkey is firmly on the map for its rich culture
Turkey Climate -Turkish Holiday Home, Turkey Property
Turkey is a paradise of sun, sea, mountains and lakes and offers a rich mix of history, strong cultural heritage, a surprisingly relaxed approach to religion, a buoyant economy and a hot temperate climate. All of which make for a very attractive property market
Turkey is a vast country (the most easterly point of Turkey is nearly the same distance from Istanbul as London is), about three and a half times larger than the whole of the United Kingdom. It is mainly covered by forests, lakes, agricultural land and grasslands. Turkey is surrounded by sea on three sides; the Black Sea to the north, the Mediterranean Sea to the south and the Aegean Sea to the west, and the coastline measures a staggering 5,000 miles.
It is possible to experience each of the four seasons on the same day in some parts of Turkey. During the Spring months you can bask in the glorious sunshine, while playing golf, swim in the Mediterranean Sea, all after skiing in the morning on the Taurus Mountain tops that line this scenic coast.
The majority of Turkey's sea side resorts, national parks and historical sites are located on the west coast of Turkey making it a popular destination for the young and old, sight-seers, nature lovers and sun -seekers.
Turkey Property, Investment and Holiday Homes
Bring all these factors together you have the perfect recipe for a thriving foreign property market. Over 25m foreigners visit Turkey in a given year and tens of thousands of foreigners bought property there.
Why Invest? Well apart from all of the fabulous features of Turkey mentioned, there is a huge and varied property market from: the established towns like Bodrum, to real-value-for-money locations such as Kusadasi, to the burgeoning city of Istanbul for investors.
If you cannot find what you like, please contact us on + (0) 1932 849536, as we have lots more properties than are shown on the website.
For a quick overview of Turkey's country profile and macro-economic indicators, click on Turkey-Snapshot profile
To give you more background as to why you might consider investing in Turkey, go to Why Invest Istanbul.
Property Venture® is an award-winning, UK-based agency for overseas property who helps people buy investment property and holiday homes in Europe, more easily and safely than they can on their own, because we offer grounded common-sense advice.
The focus is mainly greater Europe: Poland property, UK investments, Spain property, Turkey property, Cyprus property
On the Advisory Board and a Member of the Association of International Property Professionals (AIPP) the business has been vetted, approved and voluntarily commits to Industry Regulation and the Professional Code of Conduct. We are known for our quality customer service and non-pressurised approach to sales. Take a look at what our clients say
Featured or Mentioned in: The Sunday Times, The Times, The Daily Telegraph, Sunday Express, Daily Express, The Mail on Sunday, Daily Mail, The Independent on Sunday, The Independent, Evening Standard-Homes & Property, Homes Magazine, Property Wire, International Estate Agent Today, Property Overseas Today, Overseas Property Professional, HSBC Liquid Magazine, easyJet Magazine, London Homes & Property, A Place in the Sun, Buy Association
* Eurostat 2010