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Turkey Property HotSpotsTurkey Property Hotspots  1) Bodrum Peninsula The bustling town of Bodrum, with its grand castle, stands on the site of an old Roman town and it’s located within a highly protected conservation area. No buildings higher than two storeys are permitted, but despite this restriction, the town it self is actually very modern and upmarket. Bodrum has two new marinas and a new international airport that enables you to reach the town in less than 25 minutes. There are many smaller resorts along the coast line of the Bodrum Peninsula. Villages on the south and west coast have access to a number of excellent beaches and many such as Gumbet, Bitez and Turgutreis are very popular among water sports. In contrast, the North Coast is characterised by secluded coves and hills that are swathed in olive trees. The nearest village to the north is the modern settlement of Torba. It only really comes to life in the summer, but its holiday homes are generally built to a fairly high standard. Bodrum is rapidly becoming a property hotspot among Turkish celebrities, although so far, the area remains unspoilt by commercialisation. Houses prices in Bodrum are expensive compared to the rest of Turkey, with prices having risen by 40% to 50% in recent years. However, a luxury two bedroom villa with swimming pool and sea view still bought for £55,000 while a four bedroom property can cost around £150,000. The rental market is extremely buoyant in Bodrum, and with 70% of the country’s tourists heading for the town, rental properties here are almost guaranteed to be a good investment. The market on the peninsula is growing too as more people choose to visit the area. Property in Bodrum centre is popular with large numbers of young people who visit for the thriving nightlife and smaller two-bedroom apartments are the most sought after. In the surrounding villages larger rental properties are more popular with families. In Bodrum, you can expect to receive around £350 per week for a small apartment, or around £550 for a three bedroom villa. Key Facts Population Bodrum – 35, 200 / Torba – 7,000 Airport – Bodrum Milas Airport – 20 – 25 min drive to the Bodrum town centre Tax : Property tax : 0.2% Transfer Tax : 1.5% Buying Points a)With its sugar-cube houses and palm-lined streets, Bodrum has been slightly more successful are retaining its original charm than other resorts b)The villages all along the peninsula offer stunning sea views and gorgeous scenery c)The new airport has provided much easier access to the area and there are now large numbers of British visitors and inhabitant d)Building restrictions in the municipality of Bodrum have meant that developers have been primarily concentrating on the previously unspoilt villages along concentrating on the previously unspolit villages along the peninsula for new buildings e)The large number of tourists and weekend visitors from Istanbul making use of the new international airport have contributed to the general rise in prices in the area 2 ) Dalaman Dalaman is one of the few coastal areas which is still relatively undeveloped and unspoilt. The town itself is several miles inland and remains predominantly Turkish, with basic English spoken in most of the cafes and restaurants. Tourism is relatively new to the area, hence prices are lower than in many of the resort towns and villages.  The Turkish government has now designated the town a main tourist area, making Dalaman an ideal location for property investment. The time to buy in this area really is now! With plans for a new marina and golf course, Dalaman is rapidly becoming a popular location for European property Investors. There is plenty to attract people to buying property in Dalaman. There are many shops and a growing number of restaurants, bars and tea gardens. The Dalaman area offers a range of activities for the intrepid adventurer, from 'white water' rafting and sea kayaking to gentle strolls in the beautiful countryside there is something to suit every taste. Dalaman's location could not be better, with many resort
towns only minutes drive away, the sophisticate
 d marina town of Gocek is
only 10 mins drive away, Dalyan only 20 mins drive and the popular
resorts towns of Marmaris and Fethiye
just over an hour's drive. The construction of a new airport terminal completed in 2006 will bring flights from the UK and other destinations all year round. Dalaman has an extensive bus network linking it to Marmaris, Fethiye and surrounding areas. Just 15km and a short bus ride away is the lively resort of Sarigerme with its sandy beach, thriving bars, restaurants, and shops. A little further are Dalyan and Kaunos, home to the Loggerhead turtle, and ancient rock tombs which overlook the river, daily activities such as paragliding, jeep safaris and horse riding are always on offer. Dalyan is home to the world famous 'mud-baths' with their well renowned beauty and healing secrets. Dalaman has so much to offer and is rapidly becoming recognised as a 'top tip' area for investment in Turkey, with a growing British community living in the town and surrounding areas. Please also review our Dalaman Property Promotions 3) Antalya, Belek & Kemer The stunning Gulf of Antalya is an area of extreme natural beauty. As well as ancient cities, visitors can explore the valleys, forests, waterfalls, caves and the nearby Taurus Mountains, which are snow-capped until the middle of summer. Antalya, Belek (one of the area’s biggest resort) and are packed with tourists all year around. With a population that has risen by approximately 400% in the last 20 years, Antalya is the fastest – growing city in Turkey and has become one of the country’s most popular holiday destinations in recent years. Perched on top of a limestone plateau, this stunning area is lush with banana plantations, citrus fruit orchards, palm groves and pine forests. The hub of the city centres on the old harbour that’s found within the ancient Roman walls. The marina is a lively area packed with cafés, bars and restaurants. Throughout the country, the property market is booming, and the Antalya region is no exception. Prices rose by an average of 30% last year. In Antalya region, a two-bedroom semi-detached luxury house can be bought for £ 45,000 / £ 50,000. Newly built top of the range three bedroom apartments with sea views can be picked up £90,000. In Kemer, brand new luxury four bedroom maisonettes with private gardens and swimming pool are available for £135,000. Keen golfers can buy a brand new three or four bedroom villa with pool and sea views, located close to Belek’s international golf courses, for around £ 150,000. This is primarily a short-term rental market, with guaranteed rentals during the peak summer season. The market is strong, driven by tourists seeking sunshine. The area offers varied attractions, making it desirable to families, couples and singles. The average weekly rent for a three-bedroom villa is £550 while a tow-bedroom apartment generates £350. Key facts Population: Antalya – 603,190 / Belek – 10,000 / Kemer – 13,000 Airport: Antalya Internation Aiport only 35/40 min drive to Belek and 45min to Kemer Tax: Property Tax : 0.1% Transfer Tax : 1.5% Schools: Ozel Antalya Lisesi ( Private High School) Buying Points a)Antalya offers a wide range of facilities, including schools and hospitals b)The city is also prime arrival and junction point of the region c)Kemer is ideal for those seeking beach action and thriving nightlife, while Belek has become Turkey’s premier golf centre, with 4 international golf courses d)Properties have risen in value by 30% in some areas of the Belek / Kemer / Antalya coastline during the last year, with the average increase being 18% f) Belek / Kemer and Antalya towns has one of the highest tourist densities of any town in Turkey g)Walt Disney’s new project will start up in Antalya soon, so this will increase the property prices higher 4) Altinkum & Didyma The main attraction in Didyma is the ancient ruin of the oracular sanctuary of Apollo. A shrine has stood on this site since the 8th century BC. In 300BC, work began on constructing the biggest temple in Greek World. Building continued well into 2nd century AD, but it was never completed. Even so, just walking around the ruins gives a real sense of the sheer scale of the place. Just 5
kilometres to the south lies the busy resort of Altinkum. Up until a
couple of years ago, Altinkum was a small town, but it’s fast
gaining in popularity, particularly among British package
Holidaymakers. The length of its golden sandy beach is jam-packed
with cafes, hotels and with restaurants offering rather dubious
‘English’ cuisine.
It has only recently become possible to buy property in Altinkum and although relatively cheap properties are easy to come by at the moment, prices are booming to meet the demand. Some homes have risen in value by much as 50% in the last year. A top-notch, three bedroom semi-detached property in Altinkum costs around £85,000, while decent sized two bedroom apartment could be yours for as little as £ 45,000. Altinkum is a favourite with British, Dutch and Turkish tourists looking for a beach holiday and rentals are guaranteed during the summer months. This is an excellent area for investment with large amount of development and prices are expected to rise. Currently a three-bedroom villa rents for £350 per week and a small apartment for £250 per week. Key facts; Population: Altinkum – 5,600 / Didyma – 14,000 Airport : Bodrum Milas Airport only 45 min drive away / Izmir Adnan Menderes Airport also 45/50min drive away Tax: Property Tax: 0.1% Transfer Tax: 1.5% Buying Points
a)The town of Didyma and the beach and Altinkum combine culture and beach life b)The beach at Altinkum is safe and ideal for families with young children c)The resort has good connections to Bodrum by sea and to the smaller neighbouring towns and villages by bus d)Due to its increased popularity, prices have been rising in the area and this trend is expected to continue e)Altinkum has been taken over by British tourism companies, which has resulted in price increase in the area and a large number of new British restaurants and bars. 5) Kalkan & Kas Despite the developments that have turned Kalkan & Kas into popular, modern tourist resorts, both have retained much of their original fishing village charm. Sheltering so close to the mountains, neither town has much by way of a beach. In Kalkan, swimmers usually have to enter the sea from special platforms, while in Kas the small, pebbled beaches are often overcrowded. This region is particularly popular with affluent British Holiday makers looking for more upmarket destinations and who tend to favour villa accommodation. All top of the range homes have sea views in Kalkan and Kas in contrast to the majority of Turkish resorts where the seafront is a designated tourist area and given over to large hotel complexes. Property prices in Kalkan are booming and have increased by 100% in recent years. Although it’s now the most expensive location on the Turkish property market, it’s still a very popular investment area among British buyers. The limited amount of land available is pushing prices up even further, with sales averaging £200,000. In Kas prices have soared by 30% recently and despite the two and a half hour transfer time, demand for property in this chic harbour town shows no sign of waning. Both Kalkan and Kas, have strong rental markets. This is a primarily a short term summer rentals market. In winter, Kalkan in particularly becomes a ghost town. Average rentals in Kalkan are £ 600 for a three bedroom villa and £ 400 for a two bedroom apartment per week. In Kas four bedroom villa costs around £650 / £ 700 per week in the high season. Key facts: Population : Kalkan – 6,500 / Kas – 8,000 Airport : Antalya International Airport- takes about two or two and a half hour drive. Tax: Property Tax 0.1% Transfer Tax 1.5% Buying Points a)Kalkan is an exclusive, polished resort, while Kas has a cosmopolitan atmosphere and caters to the younger crowd b)There’s a large British presence in the area, and more people are buying homes there c)Both towns boast good restaurants and shops, while Kas has a frequent bus service to Antalya, Fethiye and Kalkan d)Prices in the area are rising by an average of 25% per year, making this a great investment opportunity e)Despite the development here, Kas has managed to maintain a distinctive character 6) Fethiye This picturesque market town has a population of 60,000 and is very popular with British tourists. Fethiye stands on the site of the ancient city of Telmessos. The most interesting historical remains are the Lycian stone Tombs and the Tomb of Amyntas that’s carved into the cliff side. Upmarket yacht clubs, a marina and a small port make Fethiye a very desirable area. The local beaches are superb, but are very busy during the summer, while the surrounding mountains are clad with lush, green pine trees. Dalaman International Airport is only 45 minutes drive away. Property prices have risen 20% - 25% over the last year. A two bedroom, newly built property costs around £ 85,000 / £ 105,000 while, a four bedroom villa with private pool and a good sized garden can be bought for £ 155,000. Smaller villas with communal pool cost around £ 120,000. A popular resort with an abundance of accommodation makes this a superb investment. Prices are rising, although they are restricted by the large amount of competition. This resort benefits from short-term rentals and is popular with international rentals, as well as experiencing an influx of residents from the larger inland cities at the weekends and during holidays. A two-bedroom apartment costs around £350 per week and a three bedroom £500. Key Facts: Population: 60,000 Airport : Dalaman International Airport Tax: Property Tax 0.2% Transfer Tax Buying Points a)Fethiye is well situated for visiting some of the coast’s fascinating ancient sites b)It’s a traditionally Turkish market town with a lively atmosphere c)Nearby, there’s a group of small islands in the Gulf of Fethiye that provide a chance to experience unspoiled Turkey d)Fethiye is well connected to Antalya, Dalaman, Kalkan, Kas and Marmaris bus and to Rhodes by hydrofoil e)Fethiye is close to the main airport at Dalaman and transfer time is about 45 minutes f)It has become more popular with European residents, and last year prices rose, making it one of the more expensive and exclusive towns on the Turkish Riviera g)A new golf course is under construction at Dalaman (35 minutes away) with an expected completion date of end of 2006 7) Istanbul The magnificent bridge connecting Asia and Europe… The capital of the empires… The meeting point of cultures… The unique sample of peace between religions with the mosques, churches, and synagogues… Istanbul is the fascinating living city with its legends, palaces, music, art, cuisine, multi colored culture and impressive land-scape… The capital of the empires, this beautiful city is inviting you to explore. Istanbul is Turkey's largest city even though it is not the Capital. It sits right on the point where Europe meets Asia and has straddled both continents for centuries, initially as Byzantium and then as Constantinople. For anyone who knows their history, this grand city has had long periods of its past as the greatest city on Earth, and still carries the monuments and trophies to prove it. These days Istanbul is home to an official population of around 12 million with some estimates as high as 16 million and is the powerhouse of the Turkish economy. Whilst most people look towards the coast when in investing in property in Turkey, they fail to spot the potential in a market where mortgages are about to become available for the first time in history to the Turkish population. Millions of Istanbul residents are hoping to become home-owners at some time over the next couple of years and this has led to a shortage of suitable housing in the city. Prices are still cheap for a city, with apartments starting from £50,000… |
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