Property in Turkey offers the best value for money. Turkey is much cheaper than many other popular European destinations but still enjoys a high standard of living. Buying villas or apartments in Turkey has a huge potential value growth for your investment.

The unspoiled natural beauty, wonderful weather and friendliness of the local people will mesmerise you. There are lots of opportunities to make your social life as interesting as you want it to be.

There has been a lot of growth in the areas around Altinkum and Akbuk but prices are still cheaper than other Turkish towns. Relatively unexplored options include the so-called investment rationale.

When people invest a in property abroad there are two main reasons: investment, holiday use – or a combination of those. When deciding where and what to buy, you need to focus on two things:

1. How do I want to make my money – from renting out the property or by buying-selling it?

2. Is the property in a location that other people will want to stay in and is it easily rentable?

1) Off plan investment

When buying 'off-plan', you get your property at around 25% below market value.

The reason properties are offered initially at such a low price is to attract individuals who are in no hurry to take occupation but realise the significant savings of early purchasing.

These early purchasers provide confidence in the project and financial security for the bank or the developer who provides the financing for the project.

Construction starts with or without these early sales but of course quick sales at this stage enable the developer to make an increase in prices when constructions begin.

Prices generally go up in 10% increments during construction. Firstly when foundations are laid, secondly when brick work begins and finally during the later finishing stages.

• 2 bed unit priced at 150,000€
• Amount paid during 18 months construction - 45,000€ (30%)
• Property value increase during 18 months construction period - 45,000€ (30%)
• This increase amounts to 100% of the original investment but costs such as legal fees, etc must be taken into account and the property will need to be sold at slightly below market value to encourage a quicker and easier resale. Therefore a profit margin of 80% on original investment is suggested.

The figures above are examples of returns that can be achieved by investors who get in first at the very early stages of selected developments.

2) Rental income versus capital appreciation.

The rental returns from a property need to be carefully assessed and not over-estimated.  Rentals are never guaranteed.  Look at local supply and demand.  Currently, A Touch of Paradise Country Club, for example, has a shortage of high quality rental accommodation.  Some properties will have more rental potential for example, new property, location, sea view, facilities etc. will make easier to rent your property.

30 weeks rental per year might be a reasonable expectation, this should produce a net return of about 6%, but also means that the property may be empty for 22 weeks per year. 

A secure development such as A Touch of Paradise Country Club, means you do not need to be concerned about leaving it unattended. 

Another issue is keeping the property in rentable condition, so you will need to organize (and pay for) some sort of property management in your absence.

Overseas Connections can help arrange this, or will you need to source a cleaner and gardener yourself?

We can put you in touch with people who will help you to rent your property, from maintenance, Airport transfers, cleaning, pay utility bills and many more services you don’t have to worry about once you decided to choice of maintenance package.

We advise opening a bank account in your name for the purpose of receiving your rental income and paying your bills.