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Europe Real Estate Directory
About Turkey

Turkey is a paradise of sun, sea, mountains, and lakes that offers the vacationer a complete change from the stress and routine of everyday life. From April to October, most places in Turkey have an ideal climate that is perfect for relaxing on sandy beaches or enjoying the tranquility of mountains and lakes. Turkey also has a magnificent past, and is a land full of historic treasures from 13 successive civilizations spanning 10,000 years.

Even if you spend only a short time in Turkey, you can see a lot of this great heritage. There is no doubt that one visit will not be enough, and you will want to come back again and again as you discover one extraordinary place after another. All of them, no matter how different, have one thing in common: the friendly and hospitable people of this unique country.

Turkey is a rapidly modernising country with one foot in Europe and one in the Middle East. It's not all oriental splendour, mystery, intrigue and whirling dervishes but it is a spicy maelstrom of history knocking up against a pacy present.

The Turkish people have an unrivalled reputation for hospitality, the cuisine is to die for, the coastline is a dream, and many Turkish cities are dotted with spectacular mosques and castles. And while costs are rising, Turkey remains the Mediterranean's bargain-basement destination.

There's an enormous variety of things to see and do ranging from water sports to mountain trekking, archaeology to night-clubbing and river rafting to raki drinking. Whether you leave Turkey with magnificent carpets, amulets to ward off evil, belly-dancing tips, an appreciation of its history, or just a tan, you're likely to want to go back for more.

About Istanbul

Often described as the crossroads of Europe and Asia, Istanbul is a city of contrasts. A centre of world trade since the Byzantine era, when its silks, religious artefacts and luxury goods were the envy of all empires, today's Istanbul is vibrant and cosmopolitan. The Bosphorus Strait is the soul of Istanbul, and ancient sites such as the Yildiz Palace and Park and the bustling Grand Bazaar provide an insight into Istanbul's historic past, while the buzzing atmosphere of the pedestrianised Istiklal Caddesi reflects Istanbul's future. A walk through the streets of Istanbul will enable you to take in evidence of Istanbul's impressive past on every corner. Wherever you spend your time in Istanbul, a warm, welcoming smile will greet you.

Istanbul Attractions

Yildiz Palace and Gardens
The second largest palace in Istanbul, Yildiz Palace is set within large gardens and woodland and includes a complex of pavilions and a mosque.

Dolmabahçe Palace
Built in the mid-19th century at the decline of the Ottoman Empire, the Dolmabahçe Palace is vast and located on Istanbul's west shore of the Bosphorus.

Topkapi Palace
Now one of Istanbul's leading museums, the Topkapi Palace was the imperial residence of the great Ottoman Empire for almost 400 years until the reign of Abdülmecid. Its spectacular museum is famed for its large collections of Chinese and Japanese porcelain.

Haghia Sophia
This Byzantine church is one of Istanbul's most well-known landmarks and few visitors to Istanbul miss a trip to view its extraordinary interior.

Blue Mosque
Dating from the 17th century, this is one of the largest mosques in Istanbul and is one of the principal features on Istanbul's skyline. On the east side of the mosque is the Arasta, a bazaar for the various tradesman's guilds.

Grand Bazaar (Kapali Carsi)
A vast labyrinth of little streets lined with over 4000 shops selling rugs, pottery, jewellery and countless other goodies.

St Savior in Chora Museum (Kariye Camii)
This museum is famous for its fascinating mosaics and frescoes, many of which date back to the 13th and 14th centuries, and are by far the most important works of Byzantine pictorial art known today.

Basilica Cistern
Discover the grandiose nature of the past when touring through Istanbul's largest and most magnificent underground cistern. Built by Emperor Justinian in the 6th century to supply water to the nearby palace complex, the cistern has a total of 336 decorated columns

Turkey Real Estate
The Turkish Property, life-style offering 300 days of sunshine in a year is as well in parallel with sophisticated cultural and sporting activities. Alanya truly has something for everyone. More than ever before more and more Europeans are choosing the region's relaxed pace, its way of life. Alanya’s sophisticated nature, excellent infrastructure & weather makes your property semi-permanent or permanent home base.

Area : Alanya, Antalya, Belek, Side, Kemer, Kusadasi, Marmaris, Fethiye,

Europe property market - Turkey

As a whole, Turkey's property market has been previously dominated by the necessities of providing cheap housing for a young and rapidly growing urban population.

However, shortly after the introduction of new government laws enabling foreigners to buy land in Turkey, the real estate market has rapidly attracted the interest of European buyers. These new laws and Turkey's progress on adaptation to the E.U has made the proposition a lot more attractive. Although interest from overseas buyers and investors is currently focused almost exclusively in areas that lie along the Aegean and Mediterranean coast, the demand for holiday homes is fuelling an unprecedented building boom. As a result, property prices are rising rapidly.

Even though Turkey is in the early stages of a significant property boom, prices rose by an average 52% over the last 12 months in the coastal areas. All indicators show that this is just the beginning and prices are expected to rise sharply over the next 5-10 years.

The growing numbers of overseas investors are buying property for the holiday lets. As a result, the rental market is strong as more and more people are turning their backs on tour operators and large hotels in favour of organising their own holidays in their own space.

Rental yields are between 5-10% per annum, although returns are limited by the length of the holiday season and the market is still very small in overall terms. Recent legislative changes, which relaxed restrictions on where foreign nationals can buy property, have also encouraged demand. As a result of this, property prices are rising rapidly, particularly in certain enclaves where there's specific foreign or domestic interest.

A very good example of such as area is Kalkan. It's a popular resort by UK holiday makers and has a large expatriate community. In some developments, prices have doubled over the past three years. Other areas such as Cesme have risen by 50% in a couple of years.

The Bodrum Peninsula is another area which is popular with both foreign and Turkish buyers, and it has excellent potential for rental income and capital growth. Overall, price increases look set to continue in most areas, with competition for desirable properties also becoming a more important factor.

Turkey is one of the least spoiled countries in Europe, surrounded by crystal clear seas, long and sandy beaches, and spectacular mountains and rivers. Therefore, be it a villa with a pool in Fethiye, an apartment in Antalya, a flat in Bodrum or a house in Marmaris, Turkish property currently represents fantastic value for money.

Karakata Real Estate
Address : Osmanağa Mahallesi Pavlonya Sokak Nuhoğlu İş Merkezi No:10 Kadıköy - İstanbul
Phone : +90 216 700 14 28 / +90 536 319 93 28 Fax : +90 216 700 14 28 E-Mail : info@karakataproperties.com

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