Baywatch on the beautiful Turquoise Coast of Turkey

  Date posted: 27th of June 2012

With good flights, high quality new-builds and a non-euro currency, Turkeys star is rising says Cathy Hawker.

Excitement is building for the release of the latest James Bond film, Skyfall, in October where, alongside Daniel Craig and Helen McCrory, Turkey will have a starring role.

Right now, the country can claim to be a good-news story for overseas property buyers. Turkey is outside the eurozone with a fast-growing economy, flight access is improving, visitor numbers have soared since 2000 and property prices have seemed increasingly good value.

FETHIYE: 45 MINUTES FROM DALAMAN AIRPORT

With a much-loved fish market, plenty of affordable, good-quality restaurants and four modern marinas, Fethiye has a loyal and international fanbase. It is big enough to provide the loud and gaudy English bars of Hisaronu as well as the altogether quieter rural pleasures of Uzumlu and the dazzling lagoon at Oludeniz, all within 50 minutes of Dalamans impressive new airport.

"Seventy per cent of buyers in Fethiye come for the strong rental returns with GBP 7,000 to GBP 13,000 the average annual rental locally," says Aykut Kilinc of Place Overseas. "To maximise returns I suggest a four-bedroom villa close to amenities. Moorings and living costs in Fethiye are cheaper than in Gocek, another reason why people are moving here."

Well located two or three bedroom apartments start from GBP 95,000 with a four bedroom villa and pool costing GBP 175,000. Place Overseas is marketing off plan three bedroom villas of 205sq m at Calis Beach for GBP 150,000, and villas at Ovacik, 10 minutes from the sandy beach at Oludeniz, from GBP 180,000. Completed two bedroom apartments at Calis Beach, three miles from Fethiye, start at GBP 95,000 through Cluttons Resorts.

CLASSY KALKAN: TWO HOURS FROM DALAMAN

It is all about the views in Kalkan, where the horseshoe shaped bay and steep hills provide scenic panoramas.

LaVanta: new villas overlooking Kalamar Bay
From GBP 105,000: high above Kalkan is LaVanta, new two and three bedroom villas overlooking Kalamar Bay. Through mediterraresorts.com
This is the classier side of Turkey, far enough from Dalaman airport two hours to deter many visitors, popular with high end tour companies and stuffed with small jewellery and clothes boutiques in narrow lanes leading down to the harbour.

It is also overwhelmingly British, with 95 per cent of international owners from the UK, according to Bridget Karaaslan of Black Lion Property. "The Turkish coast has plenty of good places but Kalkan retains its friendly village atmosphere, even though it has become more developed," she says.

It is easily possible to achieve 16 weeks rental in Kalkan, says Karaaslan, but only if you choose carefully, buying a good quality property. Two bedroom duplex apartments close to the town centre from GBP 95,000 at Elvina could achieve three to four per cent net returns, with villas from GBP 220,000 realising four to six per cent.

Place Overseas has four bedroom detached villas from GBP 429,000 in Ortaalan area and two-bedroom apartments in the centre from GBP 65,000. Respected builders such as Aykan, Sade Construction and Samira Group are raising build quality in Kalkan and, while resale properties have fallen in value, high land values have pushed up new build prices.

Andrew Lever, 58, from Shrewsbury bought a modern four bedroom villa in Kalkan last May through Place Overseas, paying GBP 550,000 for what he says is "one of the best views in the Mediterranean". The house is already fully booked for summer rentals at up to GBP 3,000 a week.

"I have been coming to Kalkan for 25 years and it has not sold its soul yet by selling beer for GBP1," he says. "By keeping prices a little higher it has remained exclusive.

There are fabulous restaurants here like Jeronda and Coast, but also good kebab bars like Hunker. Kalkan reminds me of how Turkey used to be. You can hear the call to prayer over a coffee and baklava in the town."

Contacts

Place Overseas: 020 8371 0059; www.PropertyTurkeyForSale.com


BUYING IN TURKEY

Allow between seven and 10 per cent for buying costs in Turkey including stamp duty of 3.3 per cent, notary and legal fees and military application forms.

All property purchases must be approved by the defence ministry a formality to ensure homes are not built on military land, applying mainly in rural areas. Buyers should always purchase through a reputable company and use a bilingual independent lawyer.