Turkey's Property Market Drastically Soars In Popularity, Says Place Overseas

With low cost easy flight access into the cultural center of the world, it's not a mystery why there's already over 32,000 british buyers with a property in Turkey. The beautiful country boasts a rich heritage, history and some of the most revolutionary new builds.

Online PR News – 20-August-2012 – NY – With low cost easy flight access into the cultural center of the world, it's not a mystery why there's already over 32,000 british buyers with a Property in turkey. The beautiful country boasts a rich heritage, history and some of the most revolutionary new builds of the century. Since the beginning of the noughties, visitor numbers have skyrocketed and with it's placement outside of the Euro zone and it's reliance on a non-Euro currency, Turkey's immunity to the European Union's economic crisis has proven invaluable and has allowed it to continue to develop, attracting buyers from all around the globe. Combined with it's typically long summers, Turkey stays warm for most of the year and makes it an ideal vacation spot for anyone that can afford any of it's new residential or rentable builds.

Beginning with the capital, Istanbul offers one of the largest ranges of historical sites in the world including but not limited to Topkapi Palace, the Aya Sophia and a multitude of ancient mosques, most often in convenient walking distance of one another. The city is divided in two by it's split cultures, with the asian half containing Atasehir: the location for the new Varyap Meridian Grand Tower. The tower is planned to contain a 750 square meter shopping area, a sky lobby, a hotel, office blocks, a thirty to forty residential block (with five bedroom apartments costing just short of a million pounds) and an apartment block.

Nearby Atasehir also has apartments going from 100,000 and has great access to the rest of the city, it's planned to house eighty-thousand high income residents with over eighteen thousand apartments ready for use. The surrounding Istanbul capital boasts a large airport built inside the city featuring international access, bringing in a plethora of tourism over the course of the year, especially during the long summers which are typically the busiest seasons. Complete with a wide variety of cultures and improving road access, it's no wonder that Istanbul can so easily claim the title 'Cultural Gateway between Europe and Asia'.

If you're someone who wants somewhere quieter to go, however, then the friendly quiet village atmosphere of Kalkan will be sure to please you. Built around a traditional harbour, the village features numerous boutiques and shops selling clothes and jewellery. With the distance being just a little under two hours from Dalaman airport, the time to travel puts off all but those dedicated to peace and quiet.

However, with notable construction companies Samira Group, Aykan and Sade Construction rapidly developing new builds in the region, interest among the international property buying community has risen, especially Britain, where 95% of the international buyers hail from. Complete with a scenic bay and rolling hills for a dreamy atmosphere, without surprise it's normal to average 6% net returns on rent every year on bought properties. Buying properties isn't too steep either with many two bedroom apartments costing short of 60,000 and three bedroom villas sometimes costing less than 100,000.

If, you're more to the contrary, as in, a party person, then Bodrum can easily cater for any active and carefree individuals. Bodrum boasts multiple bars and clubs and sports seventeen golf courses. It's heritage is no shallow party city though, as achaeological ruins are scattered throughout the region and beautiful natural sites such as Oludeniz Lagoon keep Bodrum's scenic spirit alive.

Nearby the Woodland Regency resort has recently been sold and contains sixty-two properties from one bedroom apartments to three bedroom villas for sale which cost from 75,000 to 230,000. The resort additionally contains two pools, a clubhouse, a putting green and over five acres of communal gardens. How much do prices in the city center go for you ask? Well apartments are sold cheaply at often less than 70,000 and three bedroom villas can often be on the cheaper side of the scale at 130,000 too.

Traditionally though, the region of Fethiye is reputed to be the most beautiful of the Turkish regions being positioned perfectly on the edge of the Turquoise Coast and less than 45 minutes from Dalaman Airport making for easy access. The traditional fishing town now, although still rich in culture and architecture, features many english style bars in the Hisaronu district. The traditional market is stll in the town center though as it always has been, but with so many other remarkable sights, Fethiye is not just limited to it's old roots.

The rural pastures of Uzumlu, an easy route to the Oludeniz Lagoon and the beauty of the urban landscape makes for stunning surroundings. Pricewise, the rental returns average out at 7,000-13,000 annually with two bedroom apartments from 95,000, three bedroom villas from 150,000, four bedroom villas with a pool from 175,000 and beachside villas from 180,000.

Turkey has something spectacular to offer no matter what sort of an individual you are, but by the looks of it, properties are being snatched up extremely quickly due to the ideal location and excellent property market. Combined with the fact that prices are cheaper than the ever-popular south of France, Spain or Italy, all struggling horribly within the Euro zone crisis, Turkey, no matter how you look at it, is the ideal place to have that perfect summer home.

Place Overseas is a UK-based company with partner offices in most property regions of Turkey and North Cyprus, including Antalya, Kas, Kalkan, Fethiye, Bodrum, Altinkum and Kyrenia, North Cyprus.

Place Overseas head office, marketing & sales teams are based in London, UK, with our regional consultants, servicing our clients in Turkey and North Cyprus, based in our regional offices in Turkey and North Cyprus.

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Chanuka Weerasinghe


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