Apartments in TurkeyTurkey apartments are an immensely popular choice. British tourism to Turkey is growing at 15-25 percent per year and according to the latest data Brits are the dominant group of foreign property buyers as well, having made 30% of all foreign purchases in Turkey since 2002.
You have two different groups of tourists and property buyers, the younger group who are still in work, kids in school and who can only take a week or two, and the older retired group who can take much longer. The former group are predominant and favour Turkish apartments in the likes of Dalaman, Antalya and those home to or close to major airports.
Cheaper, Better, Value for Money Many things about a destination or a property are open to interpretation or debate and while that is true of value for money, which is ultimately in the eye of the beholder, there is consensus on the value for money offered by an apartment in Turkey.
Apartments in Turkey offer fantastic value for money, not least because they are comparably much cheaper than much of the rest of Europe - or the world for that matter. Of course, cheaper doesn't often mean better, but we are not talking about better here, we are talking about value for money, therefore if you can get an apartment of around the same quality, or better for less money, then you are getting good value for money. And this is what we see in Turkish apartments - good quality at lower prices. But quality is definitely in the eye of the beholder so you should always see a property before you buy.
Conclusion However, the best thing about apartments in Turkey is their location, in Turkey. Turkey is currently one of the most talked about emerging markets in the world, because it is blisteringly hot some would say (who, not me, that wouldn't be impartial?). This is good news for potential buyers because it means plenty of meaty content for them to get their teeth into in research mode.
The Global Property Guide just published a very detailed report on Turkey, titled Turkey: Europe's Best Residential Investment? This stated quite clearly based on comparisons between the prices of property in Istanbul and other European cities that Turkish property is undervalued.
Owners of apartments in the country benefit from the massively strong tourism market, and regularly earn yields of between 6-9 percent. At the same time the population of Turkey is growing almost as rapidly in affluence as it is in numbers, which provides a valid and potentially very reliable exit strategy.