Property Investment in Turkey

Over the past decade overseas property buyers have become much more adventurous with markets opening in the Baltic states, the far and middle east. However, the mediterranean locations are still the top destinations for the northern Europeans.

Spain the old favourite still offers much for those who seek the sun and laid back way of living, however, costs have soared and are comparable with other European countries which makes mediterranean Turkey a must to be seriously looked at.

New legislation recently passed allows the Turks much easier access to mortgages, which will in no doubt make the home market much more buoyant,in the past shrewd overseas investors have been quick to realise high property yields and in certain areas have seen their investments triple in 24 months.

Planning permission is rigerous, the Turkish government is determined not to make the mistakes that have occurred on the Costa’s in Spain and frequently consult with Spanish authorities in an attempt to ensure development of resorts are tasteful and environment friendly. It appears in most cases they are succeeding considering the difficulty in policing the amount of investment that is occurring on their mediterranean and aegean coasts.

A top UK television presenter stated ‘Turkey has something for everyone’, and she is right, natural beauty, a hoard of historical sites to visit, blue flag beaches, championship golf courses, ski resorts and some stunning resorts makes south west Turkey a real contender in the tourist market. What Turkey has to offer its visitors in much more than could ever be covered in this article.

As to properties, where and what to invest in, well that depends on budget and taste and its all to be found when you know where to look.

Antalya the main city and province in the mediterranean region offers much for the investor, the selection of property available is remarkable, and the quality is in most cases high to fantastic considering the prices.

Within Antalya city are three distinctive areas where you should look, Lara to the east is chic and trendy with sandy beaches, impressive jagged cliffs and prestigious hotels, most of the property available is of high quality and very desirable. Kaleici (the old town) a maze of winding lanes and streets lined with sops, small bazzars and boutique hotels offers the property buyer something nique and different and is a must to be placed on the viewing list. To the west of the city lies Konyaalti famous for its palm tree lined promenade the area is abundant with very affordable properties.

Continue west heading out of Konyaalti and within less than an hour’s drive down this delightful coast road and you reach a paradise called Kemer, with the outlying areas of Goycik, Camyuva and Kiris each a delight offering sumptious homes at amazing prices. For the more adventurous carry on west to Kas and be dazzled by the views of this stunning coastline.

From Antalya airport travel east and within half an hour you will reach Belek, the golf capital of Turkey, Belek is host to top class hotels with sandy beaches, championship golf courses and a selection of homes to suit most tastes and budgets.

Carry on east towards Alanya and prior to reaching this wonderful resort you will see to your left an array of developments ranging from apartments and townhouse to magnificent Spanish style villas that enjoy panoramic views to the mediterranean.

A few miles past Alanya takes you to Mahmutlar, a seaside town that has been transformed over the past few years, here you will find five star developments that offer indoor and outdoor swimming pool, tropical gardens, tennis courts, saunas, turkish baths and a host of other on site facilities to pamper you or your guests.

With such an array of properties to choose from, activities for the down right lazy to snow skiing, river rafting, water sports, horse riding, golf and more. A paradise for the nature lover and ardent walker, and mecca for the history buff. Not to mention over 300 days of sunshine a year, low cost of living and the friendliest of people.

Yes, Turkey definitely has something for everyone.

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