Buying Property in Turkey for £200,000
If you want to buy property in Turkey with a budget of 200k sterling, rest assured that you can easily find the house of your dream. The Turkish real estate market has seen a dramatic rise in prices over the last year because of COVID and increased costs for construction materials. However, many places in Turkey still present excellent prices per square meter and show much potential for capital growth. Add to this the excellence of Turkish architecture, and the best in modern living, for an ideal home in the sun.
Whether you want to buy a property to use as a summer holiday home, plan to retire and live in Turkey, or want a worthy investment for your international real estate portfolio, we can help you accomplish this. As a proven Turkish real estate agent, we have helped thousands of foreign buyers find a Turkish property to suit their budget, lifestyle requirements, and buying reasons. This article highlights properties in Turkey you can buy for 200k, but before we start, let us discuss two things.
Buying Property in Turkey for £200,000
1: Cheapest and Most Expensive Places to Buy Property
Like any other housing market globally, certain places stand out for luxury properties, while others attract budget buyers. In Turkey, the most expensive place to buy property is the Bosphorus shores. These are luxury Ottoman mansions under protection status because of their historical value, and some easily reach a selling price of 100 million USD. Another place known for luxury villas is Kalkan on Turkey's Mediterranean coast, but this town attracts people looking to rent out a property because of the exceptionally high rental yields.
For the cheapest places to buy property in Turkey, look to Didim on the Aegean coast, Trabzon in the North East, or Dalaman on the Mediterranean coast. In addition, off-plan developments in Istanbul often attract real estate investors because of the discounted off-plan prices and long-term interest-free payment plans.
2: Do not Forget Extra Purchasing Costs
Before searching for property in Turkey, decide whether your budget includes the extra purchasing costs. These include notary, land registry, utility name changes or connections, taxes, and a solicitor. Turkish law does not require buyers to use one, but we strongly recommend you do. All the extra costs and property prices will be in the Turkish lira. So use a foreign exchange company like Wise rather than your bank to transfer currency and send money to Turkey because they offer better rates and lower fees. As a rule, factor in roughly 8.5% of the purchase price to cover all closing costs. More about the extra costs when buying property in Turkey.
3: Property Showcase Number One
This off-plan development of marina apartments for sale are in Alacati, an upmarket district of the Izmir province on Turkey's Aegean coast. Alacati attracts many wealthy Turkish holidaymakers during summer and is ideal for retirement. Alacati's charm is traditional whitewash stone cottages with blue shutters, a tell-tale sign of its historical past. The town is also the best windsurfing place in Turkey. This new property development sits a 3-minute walk from the marina, suiting anyone who wants a luxurious lifestyle in Turkey. It is also a 7-minute walk from the village centre with bars, restaurants, shops, and banks.
This development is a branded residence, so property owners have access to the swimming pool, spa centre with sauna and Turkish bath, fitness centre, yoga and pilates rooms, cafes and restaurants, laundry and dry-cleaning services, and housekeeping. The Turkish developers sell one-to-four-bedroom apartments and villas with a four-stage payment plan in line with the construction timeline. Cash buyers receive a 5% discount. Keeping in line with the upmarket ambience of Alacati, the developer will use quality fixtures and fittings in the bathrooms, kitchens, and bedrooms. For more details, contact us quoting property reference number 4404
4: Buy a Bungalow
In recent years, bungalows were a rarity on the Turkish real estate market; however, architects recognised the gap in the market, and now more are coming up for sale. This bungalow project is in the Seydikmer area of Fethiye on Turkey's southern coast. The house would be perfect for someone who wants peace and loves nature, but a short distance from all amenities. Boasting three bedrooms, the architect designed a barn conversion appearance using natural stone and wood.
This fits in perfectly with the ambience of Seydikmer. Sitting on a 7000 square meter plot, property owners have a private garden, carport, decked terraces, and large walk-in swimming pool with an integrated Jacuzzi. The shaded area features a built-in BBQ, outdoor kitchen, and bar. The Turkish architect also maximised natural light with large windows and patio doors. All double bedrooms have ensuite shower rooms; hence space isn't an issue. For more details, contact us quoting property reference number 5004.
5: Villa in Antalya – Turkey
These newly built luxury villas in the Kepez area of Antalya sit among vast open spaces of olive groves and farmland. The city centre, the best in Mediterranean Turkey for shopping and nightlife, is just a short drive away, as is Antalya airport, making these properties ideal for holidays in Turkey or year-round living. Altogether the project development is a total of 32 detached villas ranging from 4 to 6 bedrooms. The gated and walled estate features 24-hour security. Each villa has a driveway and private garden, which gives access to the large communal swimming pool running through the estate.
Other onsite facilities include a sauna, steam room, fitness centre, children's play area, basketball, and tennis court. The interior concept of these homes is an open plan which boosts the space visually, and large patio doors and windows make the most of natural daylight. House buyers of these properties can expect the best in modern décor and design, including laminate flooring and a marble fireplace for those winter evenings. The master bedroom has a 'his and her' ensuite Jacuzzi bathroom, private dressing room and a large glass balcony overlooking the pool and green areas. The sale includes air conditioning and all white goods, making this villa in Turkey excellent value for money.
6: More Properties for £200,000
If you want to see more examples of properties in Turkey at £200,000, browse our portfolio of apartments and villas for sale. Use the search function at the top to narrow down your property search according to the type of house, location, price bracket, number of bedrooms and themes. Each property listing contains everything to know, including the price, photos, floor plans if applicable, location, home features and contact details to find out more or arrange a viewing. Alternatively, contact us with your property budget, the reason for buying and requirements, and we can send a suitable portfolio of houses for sale in Turkey via email.
We are Turkey Homes, a real estate agent with offices in many areas of Turkey, including Antalya, Istanbul, Fethiye and Bodrum, and a head office in London. We have over 15 years of experience selling Turkish property to a global audience and have helped many overseas buyers find their dream homes by offering a comprehensive property buying service from start to finish. We have also taken all our teams collective, local knowledge and experience to form our blog that will be useful for anyone looking to buy property in Turkey.