Fri, 14 Sep 07
Turkey’s property market is gearing up for a busy close to the year...
Dominic Whiting, editor of the Buying in Turkey guide, the UK’s leading source of information on Turkish property, picks the hottest property spots on the Turkish coast this autumn.
The Alanya property market looks set to pick-up pace with the opening of a new international airport at Gazipasa, just 33 km east of the resort, in 2008. Currently, the nearest airport is Antalya, which is 180 km, or 90-minutes, away.
There have been rumours about Gazipasa for years, but the tender for the airport has finally been awarded to TAV Airport Holdings, the operator of Ankara, Istanbul and Izmir airports, says Dominic Whiting. This will cut transfer time to less than 15 minutes, and will certainly provide a boost to the local property market with several interesting new projects to be announced soon.
Alanya is a large resort town, which is popular with families for its excellent facilities and sandy beaches; while the balmy winter climate attracts many retirees. New apartments on high-quality developments typically start from £60,000, with villas available from £160,000.
Dalaman has been a hot-spot for several years and this doesn’t look like changing soon, with 70,000 new hotel beds planned, a golf course due for completion in 2008 and a new road tunnel bringing the swanky yachting town of Gocek to within 15 minutes drive.
Established local developer, Curbanoglu, ( Tel 0845 355 5625, www.curbanoglu.co.uk ) have launched a new development, Akkaya Gardens, in the secluded rural area of Akkaya, which overlooks a lake and unspoilt mountains just 15 minutes from Dalaman town and international airport.
Until now, there have only been villas available in this unique spot. This development has 33 apartments, priced from £44,000, which is a very cost-effective way of buying into one of Turkey’s most exciting areas, explains Dominic Whiting.
The Bodrum peninsular looks set to remain one of the most popular areas for British property buyers thanks to its diverse choice of property from city centre apartments to sea view villas or multi-million pound palaces; its great nightlife, entertainment and dining and its choice of leisure activities.
The area’s facilities are improving rapidly, with plans for a new 27-hole golf course, located 25 km east of the centre, near Mumcular, to join two recently opened, says Dominic Whiting.
Despite significant increases, local prices remain affordable with new apartments costing from £65,000; and villas available from £130,000. Because of steep hills along the coast and building height restrictions many new properties still have a sea view.
There is a glut of new property on the market, so shop around and choose a high-quality apartment or villa from a well-established company. Steer away from the cheapest resale properties, which are generally very poor quality and may be difficult to sell, advises Dominic Whiting.
The small Aegean resort of Cesme has become the darling of the Turkish media and the Istanbul jet set.
Despite its domestic appeal, very few foreign buyers have discovered its great sandy beaches, varied dining, lively nightlife and world-class windsurfing a notable exception being the Russian billionaire Roman Abramovich, who is rumoured to have bought a $17 million plot of land for development in the area.
Top local spots include the atmospheric former Greek village of Alacati, which has a marina and several ambitious waterside developments.
The Cesme market has been red-hot thanks to massive demand from Turkish buyers, and this domestic popularity makes property in the area a good investment. It is also ideal for people who want to be in a real Turkish resort and not surrounded by foreign tourists, comments Dominic Whiting.
New apartments are available from £68,000 with new semi-detached, three bedroom villas, the standard local offering, starting from £130,000.
For more information get the Buying in Turkey guide, available online at www.buyinginguides.info or Amazon.co.uk.
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