8 GREAT TURKISH INVESTMENTS A PROVEN EARNER IN FETHIYE
BUDGET BEACH BUY Altinkum, £54,000
T is two-bed, two-bath apartment comes with a large roof terrace, and off ered fully furnished, is ready to rent out.
A similar property purchased last year has risen in price by about £5,000, and has £2,500 worth of rentals already booked for this summer.
Fethiye, £139,000
Below-market priced villa in a popular resort area, which brings in £15,000 a year (8 per cent net yield).
A four-bed detached villa in the Ovacik-Hisaronu area of Fethiye, that comes with three bathrooms, a private pool, and an oversized garden. Low-density area, with mountain and forest views.
Agent Jayne Schofi eld of Turkish Connextions says: “T e location is one of the best in the area, close to the main shops, and with bars, restaurants and beaches within ten minutes’ walk. It comes with everything a tourist would want: on-site, there’s a games room and two swimming pools, with children’s sections, and a bar with snacks.” (
turkishconnextions.co.uk)
Agent Cameron Deggin of Place Overseas suggests: “T is is a superb investment, at a great price, on double the usual-sized plot (1,000m2
). Similar properties sell for £175,000 in the area, so grab this while you can.
It has been successfully rented for the last six years, averaging £15,000 per annum. Aſt er all expenses, this is around £11,000, or an 8 per cent net yield.” (
propertyturkeyforsale.com)
ISTANBUL INVESTMENT BUY Istanbul, £43,507
A high-quality one-bed apartment in a well-located suburb, off ering 8-9 per cent net returns.
T is 80m2 apartment has a high-quality
kitchen and bathroom, but the location is the big plus for potential long-term tenants (there is a big shortfall of accommodation for locals in Istanbul).
Agent Julian Walker of Spot Blue says: “Located on the European side, where the city is developing towards, this development of 322 units will be close to the new canal project and 15-20 minutes from Ataturk airport; with good proximity to the future third airport and the connections of the third Bosphorus bridge. T e yield for a one-bed would be about 8-9 per cent.” (
spotblue.com)
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