Turkish Real Estate Real Estate in Turkey

Turkish Real Estate News
Property Market Trends and Reviews

Keep up to date with Dynamic Turkish Properties and Real Estate Market.

Turkey Property Market
Turkey is a world known destination for vacation, investment and retirement. The Turkey Real Estate and Property News Blog is a resource center for property investors. You will find a wealth of information on topics including property selling, buying, rentals, real estate agents, turkey housing market updates, mortgages, home loans, relocating, Turkey real estate investing, trends, latest news and professional reviews. Find property buy and sale information for all of Turkey including Belek, Side, Alanya, Antalya, Kemer, Kas, Kalkan, Fethiye, Istanbul.

 

Antalya presents a rare investment opportunity

Saturday, June 6, 2009

Antalya in Turkey has been identified as a good destination for investors looking for a stable place to buy property during the global economic downturn.

According to Hurriyet .com reports, Faruk Sayin, a member of the acting board of Antalya Chamber of Commerce and Industry stated that thousands of properties are ready to be bought in the region. He noted that the sustained interest in buying Antalya property has been attributed to the low cost of housing in the region as economic downturn resulted in drop in house prices to a 25 to 30 per cent drop in home prices in Anatolia.

Mr Sayin commented: "The decrease in prices and the rising exchange rate make our country attractive for foreigners to buy real estate." The official asserted that with the correct promotion, foreigners are likely to buy large amounts of real estate in Turkey.
Adam Samuel, a director at overseas property portal Nubricks, explained that the country is much cheaper than most countries in the south-east of Europe, something that may entice people to invest in Antalya property.

Another attraction is the future; he suggested that is the potential accession to the EU, so many people are thinking that when that does happen prices will start [rising] and that's where they will see their gains. Turkish property buyers may be keen to take advantage of low prices and the possibility of gains if the country joins the EU in the next few years.

This presents a rare opportunity to buy property in Antalya at the prices found in an immature market, but in a country set to see the levels of foreign direct investment and visitors you generally find in an immature market. Such factors may have helped contribute to the popularity of Turkey with overseas investors.

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posted by EstatesNewz, 9:41 PM 0 Comments | Links to this post

Sun, spa and surgery in Turkey

Monday, May 11, 2009

Turkey is sure to make a large impact in the global medical tourism market in the very near future. Straddling both Europe and the Near East, Turkey has much to offer in terms of health tourism treatment, with state of the art medical facilities and a wealth of tourist interests as well.
Dawn Elisabeth Simpson, British TV producer lives in Yorkshire, chose Antalya for aesthetic surgery upon receiving advice from a friend. Praising Turkish doctors, Simpson said she was very satisfied with the result of the surgery. Simpson has 2 children. Her doctor, Seçkin Oksar, said "Simpson got in touch with us seven months ago. We examined her and did three different operations on the areas of her belly, breast and back. The operations were successful. Simpson is happy with the results."

Oksar commented "Women mostly from England, Belgium and northern European countries are coming to Antalya for plastic surgery. I can say that we, as Antalya, are one of a few good places in Europe in terms of plastic surgery."

The cost of medical care in Turkey is competitive with the rates of Europe and Southeast Asia, which is a fraction of the cost of similar treatment in the US. It's a popular choice for those needing dental or cosmetic surgery, and procedures can be arranged to be done immediately, saving the frustration of a long wait.

Turkey is becoming popular destination for medical tourism especially among the European tourists. In 2008, the country received around 200,000 foreign medical tourists, an impressive 40% increase from 2007. Turkey's health tourism income may reach USD 10 billion within the next three to five years. Currently, Turkey's health market has a volume of USD 500 million. The increasing tourism means that for investors looking for a low cost, low risk entry into property investing, Turkey makes a fantastic choice.

Turkey is also a great place for vacation opportunity after medical treatment with great Package deals with massages, spa treatments and visits to the famous Turkish baths for post-op relaxation. Dr. Resat Bahat, Chairman of the Association of Private Hospitals and Health Organizations commented "The hospitals provide foreign patients an opportunity to tour the city where they are receiving treatment. They get treated, rest and have fun, all as part of the package deal. That is what they find attractive".

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posted by EstatesNewz, 9:44 PM 0 Comments | Links to this post

Antalya Sunsplash beach party

Saturday, March 14, 2009

Overseas property buyers may be able to take advantage of increasing visitor numbers in Turkey's Antalya province.

Festival goers can try something new this summer as Antalya, the stunning beach resort prepares itself for SunSplash Music Week which runs from 3-10 May 2009 bringing together some of the UK’s and Turkey’s most leading DJs and musicians to provide the ultimate musical accompaniment . Sunsplash Antalya has teamed up exclusively with Hillside Su-Turkey's hippest design hotel with its blue flag awarded beach front to offer a unique holiday and festival combo. Prices for this week long sunset beach party is £640 per person including accommodation, meals and all parties

This boutique festival brings together the inspirational musical entertainment to a week of lazy beach days, sunset beach parties and late night club sessions. Add to this the magnificent surroundings of the Hillside Su, Turkey's achingly chic, minimalist white decor hotel with alternative therapies, yoga and world class spa facilities, contemporary belly-dancing, capoeira, percussion lessons, contemporary Turkish & international cuisine, and holidaymakers have the perfect elements in place for a healthy, comfy holiday.

According to the Mediterranean Tourism Hotels Union (AKTOB), hotel occupancy rates in Antalya region have already reached their highest levels and privately-owned holiday homes are also becoming highly sought after.

Sururi Corabatir, chairman of AKTOB said that the increase in visitor numbers over the last few months as a "remarkable" development.

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posted by EstatesNewz, 10:11 PM 0 Comments | Links to this post

Turkey expects 25million foreign visitors by the end of 2008

Friday, December 12, 2008

The enduring strength of Turkey's tourism industry has been highlighted by the country's culture and tourism minister

Speaking at the World Travel Market in London this week, Ertugrul Gunay said that Turkey will have received 25 million foreign visitors by the end of 2008, according to the latest predictions.

He told the industry event that the number of British tourists visiting Turkey has shown an annual increase of 13 per cent and is expected to reach 2.3 million by the end of year.

Mr Gunay said that the Turkish capital Istanbul had hosted over six million tourists to date, while more than eight million people visited the southern resort of Antalya. "We will pass the critical threshold to reach over 25 million foreign visitors by the end of this year," he stated.

In a development which could benefit property investors in Turkey, tourism levels in the country are set to receive an additional boost in 2010, when Istanbul becomes a European Capital of Culture.

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posted by EstatesNewz, 9:07 PM 0 Comments | Links to this post

Cruise tourism boosts Mediterranean port of Antalya

Monday, October 13, 2008

The Turkish city of Antalya expects more tourists at least 120,000 European tourists by 2010, after their deal with a cruise operator, new reports suggest.

Mediterranean Port Management Company General Manager Efe Hatay told Anatolia news agency AA that the port will launch a new project to establish itself as a brand name in cruise tourism. According to Mr. Hatay, Port Akdeniz Antalya recently signed an agreement with Europe's leading cruise liner, AIDA, for 30 trips per season between the port and various European cities.
Antalya port in Turkey
Hatay added that due to the deal, cruise liners 2,400 passengers capacity will travel to and from Antalya 30 times every summer season. 2,000 passengers will go aboard the ship every weekend, while another 2,000 will arrive in port and a total of 120,000 passengers a year. He also said that Poesea, which belongs to MCS, Europe's biggest cruise liner would arrive at Port Akdeniz Antalya for a trial run on Nov. 20. These projects are expected to make a significant contribution to Antalya’s economy as mainly wealthy European tourists travel on cruise liners. This should be good news for buy-to-let investors who depend on tourism to generate returns.

In related news, Antalya's container handling capacity also increased this year from the current 65,000 and will further be expanded to handle 85,000 containers. There are plans to increase the capacity to 200,000 containers in the next five years.

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posted by EstatesNewz, 9:09 PM 0 Comments | Links to this post

Antalya - an opportunity too good to miss!

Tuesday, June 24, 2008

The Turkish city of Antalya is proving to be a very popular location for foreign leisure travelers as it has all the necessary "ingredients" of a major tourist hotspot, according to new figures.

The official government data showed that the Mediterranean resort is the top destination for holidaymakers in Turkey last month. Figures showed that 37.8 per cent of foreign holidaymakers last month those who visited Turkey in May 2008 chose to visit the city. This puts it well ahead of Istanbul, which attracted 25.2 per cent.

Today's Zaman suggested that approximately eight million people could take their holidays in the area and nearly 13,000 foreigners now choosing to live in the vicinity permanently. The publication stated that the temperatures are cool enough for people to feel relaxed to explore the region, while some tourists enjoy the chance to experience some winter sunshine. Moreover, Antalya has exceptional nightlife, shopping facilities, historical and cultural attractions, as well as its various leisure facilities, including golf courses attract foreign tourists. This means that temporary lodgings in Antalya will be highly sought after during the peak holiday season.

Turkish Land Registry Directorate (TKM) found that more than 17,000 overseas investors owned properties in the area. Business Week said Antalya is becoming popular with investors and expatriates from all over the world and overseas property investors are increasingly choosing to snap up properties in Antalya.

Alaaddin Yuksel, governor of Antalya, predicted that the region will attract ten million visitors this year - up from eight million in 2007. Mr. Yuksel added that he wants to renovate the province into a year-round holiday destination.

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posted by EstatesNewz, 6:14 AM 0 Comments | Links to this post

New airport at Gazipasa makes Turkey a property hotspot

Tuesday, April 29, 2008

Turkey is anticipated to become one of the most popular destinations from Gatwick to the Mediterranean this year, since the announcement of the new airport at Gazipasa near Antalya.
Antalya Airport Turkey
Simon Ryeland, Director of Principal International has said that increase in number of flights expose this region. This will attract more vacationers and investors looking for property to rent out. British Airways have announced that they will operate 3 flights per week from Gatwick to Antalya from April. The move by the airline signals the growing popularity of the region of Antalya with British holidaymakers. Antalya International Airport already comes second in the busiest airport terminal on the Mediterranean coastline and 14th in the world during 2007.

This is exciting news for the region that has already seen an increase of 25% in tourist numbers since last year. Now travelers will be able to choose from the increased number of flights. Property investors can expect good rental profits and high occupancy in low tourist season also as year round sunshine in turkey extends the rental year.

The Ministry of Forest and Agriculture in Turkey has issued a White Paper on guidelines and restrictions to be introduced up to the year 2025 to ensure that its immaculate and unspoilt coastline remains that way. It may have some impact in the number of new construction but tourism is on the high, the Turkish Riviera will be protected for generations to come and the same high level of tourism can be maintained.

Buildings is restricted to enable coastal resorts to grow but without spoiling any of the natural beauty of turkey, while those who have already invested in properties reaping the rewards of inflation in house prices and high rental yields in all areas which is stimulated by a shortage of available resale and new units.

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posted by EstatesNewz, 4:27 AM 0 Comments | Links to this post

Swedish retirees increased migration traffic to turkey

Friday, April 18, 2008

Allan Williams from London Metropolitan University has said that Turkey is on the threshold of becoming a major hotspot for retirees who want to live abroad. Expatriates always long for a place which offers culture, good lifestyle and a favourable climate. He also predicted that Antalya will be the main hotspot for older expatriates within the next couple of years.

Recently a poll carried out by Dokuz Eylul University (DEU) of expatriates living in Antalya to check what made them to live there full-time revealed that they are most attracted by the warm climate of the country.

Christer Asp, the Swedish ambassador in Ankara has said that a rising number of people from Sweden desire to have property in Turkey. Retirees from the Scandinavian country are choosing to spend their retirement years overseas and recent migration traffic to Turkey shows its popularity among Swedes who were hoping to relocate permanently.

Mr. Asp commented that Swedish retirees used to relocate in Spain earlier and now the trend is changing as more people are now choosing Turkey. He predicted that about 400,000 Swedes would visit Turkey before next summer and there will be busy relocation traffic of the retirees to turkey in 2008.

Recently the Turkish Press reports have highlighted the popularity of Turkish property with Russian holidaymakers. According to Russia today, more than two million Russian holidaymakers visited Turkey last year.

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posted by EstatesNewz, 10:58 PM 0 Comments | Links to this post

High rental yields in Turkish properties

Thursday, April 17, 2008

Turkish Hotels Federation Official figures have revealed that there is massive rise in rental accommodation in a Turkish tourist destination this year. TurkishPress.com has reported that Occupancy rates in Antalya rose by 20 per cent over the Easter holiday.

Ahmet Barut, president of Turkish Hotels Federation has predicted further growth rest of the year. He said that during the Easter tide, Antalya attracted people from European countries like Spain, Switzerland and central Europe. He also stated that Turkish appeal will get extended to Eastern Europe in 2008.

Turkey is on the threshold of becoming most popular destinations for eastern Europeans due to the low entry costs they provide for investors in terms of getting on to the property ladder.TurkishPress.com cited Turkish Statistical Institute statistics showing that in last 2 months turkey has attracted over 280,000 people from Eastern Europe.

The rental returns in turkey are getting better every year. They are sufficient to cover mortgage repayments. Rental Yields for apartments and single-family homes in Istanbul and Ankara are currently around ten per cent, and it is anticipated that in the next few years will see a very profitable buy-to-let boom in Turkey's major cities.

This comes after the Turkish Daily News quoted Alaaddin Yuksel, governor of Antalya, as saying that he hopes Antalya province itself will attract ten million visitors this year which was eight million in 2007. Figures from the Turkish Board of Statistics revealed that the country is attracting tourists from a number of countries. This means that Turkey boasts higher occupancy rates and healthy rental yields.

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posted by EstatesNewz, 12:46 AM 0 Comments | Links to this post

Antalya tops Turkey's real estate spots

Wednesday, March 12, 2008

Turkish Daily News reports say that Antalya on Turkey's southern Mediterranean coastline is most popular location in property investment market.

The variety and volume of real estate opportunities in Antalya has been credited to the emerging travel industry. More and more overseas investors are choosing the Antalya's laidback lifestyle, sophisticated nature, excellent infrastructure and weather. Istanbul and Antalya are the two destinations which accounts for half of all the property sold to foreigners in turkey.

Turkish Chamber of Foreign Affairs and the Deed and Cadastre Head Office reports reveal that foreign nationals of over 70 countries have properties in Turkey. Antalya has massive potential as a holiday accommodation and offers long term investment potential for the property investors.

Antalya has full access to remarkable array of facilities, amenities and attractions like archaeological sites, historic ruins, sandy beaches, restaurants, entertainment facilities, international airport which is serviced by many charter flight companies throughout the year and a great night life. As a result of all these facts Antalya has become turkey’s top real estate spots.

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posted by EstatesNewz, 9:42 PM 0 Comments | Links to this post

Turkey - exciting 2008 for buyers

Wednesday, February 20, 2008

The South-western 'Turquoise' Mediterranean Coast of Turkey presents valuable opportunity as thousands cash in on soaring prices in Spain and Portugal to buy a second home in turkey. The market has increased to record proportions because lack of good accessibility and issues in mortgages for British buyers are expected to be cleared in 2008.

Antalya Turkey

The low cost easy jet airlines announced today that it will acquire the assets and business of GB Airways, which has more operations in turkey's southern coast. British Airways is launching flights from Gatwick to Antalya in Turkey next summer. There will be three flights per week to Antalya from April 10, 2008. Opening of a second airport for Antalya Region in Gazipasa in the near future is being planned but the routes will be confirmed soon.

According to the property sales law, foreigners can have property in Turkey and it is been accepted in the Parliament. The new mortgage law in Turkey sets new standards and it will accelerate the Flow of Foreign Capital into Turkey.

Turkey is hoping to dispel negative perceptions about Iraq as its neighbor and volatility of Turkish lira by structural adjustments, liberalization attempts and institutional changes and reorganization of the economic system.

Buying an apartment for £25,000 in Altinkum and £1m for a villa in the upmarket resorts of Kalkan, Kas, or Bodrum become a more attractive proposition. Spot Blue is now selling stylish, good quality, two-bedroom villas in the golfing destination of Belek, 20 miles from Antalya airport, for £85,000.

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posted by EstatesNewz, 9:35 PM 0 Comments | Links to this post