With the world-famous Istanbul Bakery Cafe opening its doors this week, it's sure to be hot under the collar for anyone looking to move to Turkey. But beyond the Bakery Cafe, there are lots of other properties available for buying and renting around Istanbul.
In this article, we'll run down the latest turkey real estate opportunities in Turkey, including some fantastic locations where you can buy a property and live the high life. So, let's get stuck into it.
Top Turquoise Properties For Sale
We've got some fantastic locations to offer you for your next real estate purchase, whether you're into fishing, hunting, or just want something a little more relaxing. Let's get into it.
There's a small town called Kaikantep, which is located in the southeast of Turkey. The town's setting on the shore of a lake makes it a picturesque spot to live, with lots of opportunities for fishing and enjoying the water. Nearby, you'll find a beautiful greek island, called Kimoi, which is also a popular photography location.
If fishing's your thing, then head to the Mediterranean Sea and you'll find some of the world's best beaches, as well as some great spots to catch fish. There are also lots of islands nearby where you can escape the crowds and get some peace and quiet. It's like living in paradise.
Another superb waterfront location is Marmaris, which is located on Turkey's southwestern coast. This popular resort town abounds with luxury properties, many of which are a short walk from the beach. The old town here is a hub for shopping and leisure activities, while the Marmaris Museum houses a large collection of Islamic art and antiques.
If you want a more rural life, you could buy a gorgeous villa in the small Turkish town of Didim. The surrounding area is picturesque, with vineyards, mountain ranges, and rolling hills. Didim's real estate market overflows with rural properties, perfect for those who want to get away from the bustle of city life. Didim is also home to the acclaimed Ege University, so you'll be living in a town blessed with educational opportunity.
If you fancy a taste of the high life, then you could buy a palace in the exclusive gated community of Sarigerim in north-eastern Turkey. This neighbourhood is home to some of Istanbul's most prestigious addresses, as well as a number of beautiful palaces and mansions that have been restored to their former glory. You'll feel right at home in this exclusive enclave, which is brimming with life and activity. You could walk to the beach, catch a football game, or head to the shops for some fresh supplies. It's a hub of activity, yet still retains all the charm of a small Turkish town.
If you want to buy a property in Turkey, then you mustn't overlook Cappadocia. This area of central Turkey is well-known for its unique geological features and hot springs. There are also loads of historic buildings to explore and buy in this picturesque area. If you visit in spring or autumn, you'll have the opportunity to see some truly spectacular views of the pumpkin-like rock formations that give the area its name. Traveling to Cappadocia from Istanbul is easy, with daily flights available from the city.
Investors Consider Turkey
With interest rates near historic lows, and global stock markets at an all-time high, savvy investors are looking to diversify their portfolio into a country that is enjoying an economic revival. In the past five years, foreign direct investment (FDI) into Turkey has increased by 174% to €5.3 billion. This is largely due to the country's strategic location, its robust economy, and positive political environment.
Turkey is one of the world's most attractive investment destinations, and it's well-positioned to benefit from new opportunities as the world economy slowly returns to normality. Due to its strong economy and increasing demand for properties, it's a prime location for anyone wanting to invest there. For instance, the country's central bank recently raised the interest rate it pays on government bonds from 3% to 5%, which effectively made the Turkish lira stronger.
Real estate seems like a solid choice, given Turkey's current economic outlook. If you're looking to invest there, then you might as well snap up some cheap property now, while the iras are welcoming.
Istanbul Enjoys A Property Boom
If you're planning on traveling to Turkey for a visit in the near future, then it's well worth taking a look at the city's real estate market. Istanbul's economy has grown by 4.5% over the past year, while its residential property market has seen strong growth, too.
Tourism is now a major contributor to the country's economy, with more and more foreigners choosing to visit Turkey each year. If you're planning on visiting Istanbul for a while, then it's well worth investing in property, whether you want to stay in one of the city's numerous five-star resorts, or prefer to base yourself in one of the city's great palaces, or even an Ottoman house. Whatever your reasons for visiting, the perfect city break is just a short taxi ride or bus ride away.