Living the Dream

Buying a property in Turkey needn't be as difficult or as expensive as you might think. Not only are there plenty of affordable properties on the market, the buying process is relatively straight-forward and the ability to market the property for the time you're not using it pays for the mortgage, usually with some left over to afford you some spending money during the periods you are there.

Below is an example of one of our new apartments in Ovacik, Fethiye, due for completion September 2014. The properties are located in a quiet area within easy walking distance of the town centre. Each of the eight apartments have three bedrooms, two bathrooms, balconies and shared use of the swimming pool. The apartments will also be furnished with the latest appliances and air conditioning.

turkish apartment

  • 3 bedrooms
  • 2 bathrooms
  • 2 floors
  • Balconies
  • Swimming pool
  • Quiet hill-side location
  • Minutes from town

Purchase example

Freehold purchase price £75,000
Minus £18,750 (25%) deposit
Equals Mortgage of £56,250 over 15 year term, 7.35% Fixed for 3 years = £516.66 per month
Total mortgage = £6199.92 per annum

Purchase fees
Bank arrangement fee £1250.00
Stamp Duty £3,000
Military Fee £150
Solicitor / legal fees £1500
Earthquake insurance £150
Total fees including deposit £24,800

The main holiday season for Turkey is June 1st - 30th September (approx. 18 weeks). The average rental value for a three bedroom apartment is £550 per week.
Potential total revenue £9,900 per annum

This said, you should allow for marketing fees and possibly a property management company to manage hand-over of keys etc. and of course this assumes you won't be using the property yourself!

turkish property

Ovacik is a popular town nestled on the side of a mountain between the bussling main town of Fethiye and the popular beach of Oludeniz. It also adjoins Hisaronu (5 minute walk) which is popular for it's many restaurants, bars and night life.

We have similar properties both in specification and priced available in the following areas:

  • Fethiye town centre
  • Oludeniz beach
  • Calis beach
  • Hisaronu

Call or enquire now for a purchase pack for this and other properties.