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The Up and Coming Centre of Attention for Investors in Turkey

Istanbul is the city of dreams and the hub of finance, providing substantially high capital returns to investors worldwide. According to a report, prepared by PricewaterhouseCoopers and the Urban Land Institute, the Emerging Trends in Real Estate 2009 Europe (ETRE 2009 Europe), Istanbul was ranked number one by European investors. “Confidence” was an important factor in this evaluation; and the preference was low risk investments, based on the current global crisis. In competition with Istanbul, Moscow was the at the forefront in the global real estate sector for the longest time, as the preferred region for the best return on real estate investments. However in 2009, Istanbul surpassed Moscow.

Furthermore, the report (ETRE 2009 Europe) by PWC also expressed that, while the European economy is in regression during this global crisis, it has brought the Istanbul real estate development opportunties to the front lines. Following the rapid progression of the tourism industry in Turkey since the year 2000, there has been an enormous concentration in the hotel sector. While Turkey is taking significant steps in the investment sector; as well as attracting the European investors as the primary region for investment, it’s hard to imagine that the global crisis, will have a substantiating negative impact on Turkey.

While the Turkish real estate market provides productive investment returns in Istanbul; its undisputably becoming just as beneficial in the Antalya property market. The mindful leaders in the investment world aren’t restricting themselves merely to the real estate market in Istanbul, but alternatively expanding their resources into the Antalya property sector. Antalya is referred to as the capital of tourism and has proven this recently as it welcomed over a record breaking 66,000 visitors in one day; witnessing the highest in its history at the Antalya International Airport. With these intensifying numbers, just imagine to what degree, it would clearly stimulate the real estate market in Antalya.

With the global crisis still in effect, sources indicate that investors are holding back with a “what if” question mark in their minds. In spite of this, there is one reality. The property prices have seen rock bottom and from this point forward may shift another 5 – 10%. Chances are these prices will begin to see an upward slope in the up and coming months; particularly during or shortly after the summer season. Many real estate and construction expert sources express that if investors do not wish to miss the boat, and see the most out of their investments, the time to dip into the Turkish real estate market, is truly now.

It is known by real estate experts that Turkey is in the position of attracting investors for the long term. In addtion, if we take into consideration the potential membership into the EU, a long term process, then foreign investors should consider utilizing these advantages to its fullest extent. While Turkey is draw on Spain as a model; consequently applying this model and the time period for accession into the EU, these few fundamental factors may just be noteworthy enough to guide investors into realizing that there are tremendously worthwhile real estate investment returns to be gained in Turkey.

Antalya, as much as Istanbul, is on the road to becoming the new centre of attention for serious investors.
Turkey property for sale | Properties in Turkey | Real estate in Belek | Property in Antalya | Construction in Turkey

 

[turkeypropertyinvest]

Another Look at the City by the Sea | Antalya

Antalya is the crossing of all cultures; the junction of civilizations and history. Antalya, has been attracting discovering visitors with its peerless mystical scent for many years. As a result of this lived and felt independence, Antalya is truly a magnificent city by the sea.

Antalya attracts thousands of visitors annually with its breathtaking geography, culture and historical distinctiveness. Visitors return to their countries, undeniably haven fallen in love, with the splendor of Antalya still in their minds. Some start planning their future holidays in Antalya while thinking about the gratifying holiday they just finished having in Antalya, while some decide simply to live this pleasure for the rest of their lives by making Antalya their new home.

Even in the presence of a global crisis, Antalya places second following Istanbul in property sales. The global crisis continues to place a burden, big or small, on all our lives; while the construction and real estate industries, as always, effect our living standards the most.

Today, thousands of properties have been built, while unable to stand the gaff from the shortage of property buyers in Turkey. This excess of properties is also valid in Antalya. But we should also remember that Antalya is a coastal city and no matter what the state of affairs, and time, it will always provide good value on capital growth; as it is doing so now. Based on realistic figures, along the coastal roadway in the district of Konyaalti, plots are attracting buyers at 3,000 euros/m2. While on the other hand, in other areas, particularly in the Liman district of Konyaalti, fine quality new build 1 bedroom apartments range from minimal prices of 30 to 40 thousand euros. These are excellent conditions for investment returns. This district also provides suitable circumstances for mid to mid-high rental yields. Antalya is uncompromisingly a major focus for local and foriegn immigration just as continues head strong in infrastural development.

The efforts of rapid development persevere. In order to alleviate the traffic distress, there are currently works in progress for a more efficient and cost effective regional bus and light rail transportation system.

Undoubtedly the effects of the global crisis have affected the local marketplace where we see substantial discounts of every type of product out there. The local merchants are aware of what degree they have been negatively effected, therefore realizing how beneficial it is to apply major discounts on their goods. And in this competitive market, the public has to be profitable ones.

The merchants haven’t been the only businesses that have been affected by the global crisis. The construction industry has intensely endured it as well. The cost of materials and supplies have dropped; subsequently attracting the curious property investors. Under these conditions, starting to plan for a property development construction, based on requirements and style, in this marketplace, just may be one of the wisest decisions made. This reverts to essentially profiting agreeably on supplies, material, construction and sales! The Turkish banking system may be one of the world’s strongest; and this can be to your advantage on top of it all!

In conclusion, there’s another final note to remember; the hard times of the real estate market can soon be forgotten, and turn for the better at anytime. Just from a small stir in the market, there may be those who will prime prices to a higher bracket. Following the market trend is vital; particularly the Antalya property market. Foolhardy decisions can turn out to be wrong ones. Ask around, ask from those who live here. They don’t have to be professionals; local residents can be very helpful as well. Why? Because they live here
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[turkeypropertyinvest]

A Belek Reality

One of the world’s favorite golf destinations and home to International Championship Golf Tournaments in Turkey; undoubtedly one of Antalya’s most famous tourism centres, is Belek. As a prime golfing region, Belek has been successful in attracting the interest of both tourists and investors with its many amazing 5 star resorts and hotels, luxury championship golf clubs and pristine and magnificent blue flag beaches, and convenient distances to the Antalya International Airport and city centre.

This golf holiday resort attracts investors of many types, due to its wide and flat typography and constantly improving infrastructure. In the last few years, based on its wide-ranging modernization, the Belek region has reached a status of “life” style whereby residents can live in Belek all year round.

The large variety of sportings activities are another bonus and include watersports, golfing, cycling, biking, football and many other alternative sports. Belek is an area ready and wide open for more development and continues to modernize each year.

Many golf villas and golf apartments were constructed in prime locations, across from championship golf courses. However, and particularly from 2005 and onward, an overbuild settled in, resulting in many older new build properties left unsold. Whereas, golf regions are known to bring with it, high class, quality and contemporary elegance. This manner and quality, arise from the collective development of the region; such as roads to construction, which in turn, synchronizes the system.

Belek is more or less halfway there. On the other hand, high end, branded property developments have taken their place in Belek, in the past year. Belek is now beginning to express a certain level of merit, replacing the older new build properties with new and prevailing property development projects. In support of the investors, the construction companies in the Belek region have begun to offer maximum quality, comfort and design, to achieve the investor’s expectations.

An investment company would not invest millions into property developments, without unyielding reasons; expecting sizable returns, particularly during this global crisis. These top level professionals are completely aware that Belek will always provide excellent capital growth; advantageous investment returns; continue to modernize into a very elite region, and for this reason, building premium quality and modern real estate developments.

Some examples of golf property developments that are raising the stakes in Belek range from very large volume detached and semi detached golf villa complexes, as well as smaller golf villa property developments. These types of projects show just how right we are in what we express; that the significance of Belek is intensifying with these projects. There are also projects with an exceptional architecture to the region. These Belek golf villas are in a league of their own, giving the investor an edge in golf property ownership.

Even though there is still a global crisis at hand, the construction companies, municipalities and residents are not compromising quality in builds and lifestyle in the Belek region.

Once again a reminder, that million euro investments are not made without expecting solid returns; as a result, the Golf Capital of Turkey, will continue to be a prime golfing region that will provide exceptional investment returns
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[turkeypropertyinvest]

Turkish builders provide experience, quality, perfection, and results in the construc

The quality of building in Turkey has advance a great deal, particularly in the last few years.

In recent times, builders who have augmented their experience in cities such as Istanbul have been making their mark along the coastlines of the Aegean and Mediterranean with quality property developments.

Undoubtedly Istanbul is the fusion of multiculturism. Hence is influenced by the architectural characteristics of many cultures, resulting in new and modern architecture. You can see a large diversity of architectural distinctiveness in Turkey. However Turkish architecture originates from the Ottoman era. In recent times, rather than the influence of Ottoman architecture and design, the new and contemporary style property developments portray more of the North European and Mediterranean style of structural design.

Nowadays, the construction companies in Turkey are catering to a somewhat more high class and modern standard of living; placing priority to quality, in order to reflect trust to their clients. That is to say – the way it should be.

Construction companies and Holdings in the construction sector, who have made their mark in Turkey over the years, have taken their construction expertise and placing their signature on exquisite property developments in the Antalya region; where their names carry the meaning of perfection, trust and quality – consequently revealing these attributes in their projects.

Quality golf projects such as luxurious detached golf villas, particularly in the golfing region of Belek, have raised the standards of building in Turkey.

The building sector in both Istanbul and Antalya is rapidly progressing. Antalya, offers an ideal widespread geography. It is consistently open for development; and for this reason, is on the road to a “high capital return mega kent”. In the last few years, foreign investors, particularly in the Antalya region have been investing in land with newly acquired planning permissions with the aim of taking advantage of these ideal capital returns. The Russian, British and Arabian investors have been analyzing the region in particular. The Antalya investors, without doubt, are obtaining excellent investment returns on their commercial and land real estate.

As the future “Istanbul”, Antalya will continue to provide excellent investment returns to its investors for many years to come.

For more technical analysis and details on the property investment region of Antalya, please do not hesitate to consult us regarding this information.
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[turkeypropertyinvest]

time the “Golden Years” are coming back for Antalya

In our last article, we had forseen that “the golden years were coming back” to Turkey. This analysis is on its way to becoming reality and proving what a correct market analysis we had made at the time.

A few months ago, our written view on the real estate market took the interest of many media sources, particularly Hurriyet Daily News, and was released worldwide on the internet, as such. The interest shown on our article honoured us, and so we continue to analyze and research the real estate market in Turkey based on proven facts.

The heartbeat of the real estate sector in Turkey is without a doubt, Istanbul. Alternatively, there is another city on the rise, that offers a market almost as widespread and profitable as Istanbul; so much so that it has been quoted “the future Istanbul of the Turkish Mediterranean”.

In the last few years, Antalya has demonstrated itself in becoming one of the most rapidly developing cities in Turkey and has since captured the interest of investors worldwide. It can be forseen that Antalya is enroute and progressively approaching the speed of property development in Istanbul.

The city by the sea has particularly been the number one choice by Russian investors in the last two years. The easy access to the Antalya International Airport, the year round exceptional climate, multiculturism, cost of living, culture, and other positive elements, have shown that residency, retirement and holidays are ideal choices to make. Another key incentive has been the increase in areas with planning permission on well-suited, constructable terrain, at advantageous prices.

Even with the effect of the global crisis, investors from the UK have created an upbeat shift in the Turkish real estate market. They have been taking steps towards investment for property development, in order to make use of the forecasted premium capital growth ahead; hence, dipping into the construction sector. In recent times, we have seen that UK investors have engaged in residential construction projects, predominantly in areas with newly approved planning permission and recently declared land for golf course developments.

Antalya continues to provide very sustaining conditions for property investment returns. Regional development at a continual, yet firm pace; and the extensive land development opportunities for the ever increasing International population of Antalya, has without doubt, opened up the eyes of investors globally. While the affordable prices of residential property on new and quality builds have made it easier for buying property in Antalya, there is popular interest from both private investors and investment companies on commercial real estate as well.

The Turkish economy continues to strengthen and proven facts show, that it is still one of the few countries worldwide, topping the charts on continued positive economic growth – and let’s not also forget how strong the structure of the banking sector in Turkey really is.

This time, the Golden Years are coming back for Antalya…Don’t miss out on the future
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