Increasing numbers of British investors are buying homes in Turkey to rent out to holidaymakers.
As Turkey’s tourism sector continues to flourish, you may be able to regain some of your property’s costs by renting it out during the holiday season, particularly in July and August.
“This makes it very important to choose the right kind of property in a good location, if rental is a primary concern,” warns Dominic. “It is also unwise to rely on rental income to finance your purchase, no matter what the estate agent promises!”
In family-friendly resorts such as Alanya, Altinkum and Kusadasi, apartments and small villas on complexes are the easiest type of property to rent, while in the more upmarket resorts, such as Kalkan and Kas, large villas with pools offer the best rental returns.
The Aegean resort of Cesme, which is very popular with Turkish holidaymakers from the major cities, has a buoyant rental market in summer with gross yields of up to six per cent.
However, Dominic advises that serious buy-to-let investors should look to the main Turkish cities where good rental yields can be achieved all year round. Wherever you choose to buy in Turkey, the future looks good for buy-to-let investments.