Renting property in Turkey

Turkey is a large temperate country with three coastlines and plenty of excellent opportunities for renting your property in Turkey. If you are considering buying to let as an investment or if you are looking to rent somewhere for a short or long term let, it’s important to get qualified advice from experienced agents as not all areas will be ideal for your purpose. It’s essential to know that Turkey is experiencing a property boom and is currently considered a property ‘hotspot’. In many of the coastal areas demand for property for holidays in Turkey is greatly outstripping supply, so buying a rental property in Turkey is an excellent investment.

It is thought that twenty million tourists will visit Turkey next year, and with many preferring privately owned villas and apartments to a hotel room, this is the perfect time to buy to let. For this reason, buying a property with the intention of renting in Turkey is considered to be a great investment for foreigners looking to see an additional income from their outlay, doubly so if the property is bought on an off plan development which will already have increased in price by the time it is ready to be rented.

( See also: Getting off plan mortgages in Turkey >> )

For those wishing to rent property in Turkey, the prices range drastically. The most expensive areas (apart from the luxury properties) are most likely to be by the coast or in major cities. Short term & holiday lets – ie. weekly, fortnightly and monthly are fairly widely available, whereas long term rentals of six months or more, which are popular with people retiring or working in Turkey are a little more difficult to find. Long-term rentals are likely to be six-month initial contracts that are then renewable on a monthly basis thereafter and are relatively cheap compared to many other countries – i.e a 2 bed 2 bath apartment for as little as 300 euros per month. Since holiday lets are lucrative, they are more expensive during the April to October period of the year. Renting is still popular in the off-season but the prices are likely to be more reasonable and less inflated by tourist arrivals.

To ensure a high quality of service, contact an estate agent who is renting property in Turkey on behalf of their clients in the area that you are wishing to stay. It’s best to negotiate with an agent that fluently speaks your language. This allows for specificity in having your requests fulfilled and that a legal rental contract will be drawn and signed. It also means an ease of communication if there is a problem during the rental period. Many British, Dutch, German and French agents now exist in most areas as the property business is a thriving industry in the Turkish economy.

If you are looking to rent within Turkey for a considerable time, perhaps due to your job or retirement, it is worth visiting the country first and having one of our agents show you around some of the properties. If you are coming for a holiday of any length, you would have to book the property in advance, and by contacting us, or any owners directly, we/they can help you find a holiday home that fits your personal requirements. New properties are available each week and turnaround is generally pretty quick, so contact us by email or phone and let us make your dreams of living in Turkey a reality.

When buying with the intention of renting property in Turkey, research areas and get an idea of the type of property that you are looking for and the amount that you have to spend. Then contact us directly regarding your precise needs and our friendly, experienced and well-qualified staff will assist you with advice on buying to rent, the best locations, mortgages or whatever else you may need to get you started in your new rental business.