Alanya
This seaside resort lies in the Mediterranean region of Turkey
and has close to 400,000 residents of which 10,000 are Europeans.
The city has become an established tourist hotspot accounting for
up to 9% of the country's tourist intake and 30% of the foreign
purchases of real estate giving it promising investment prospects.
With entry levels as low as €50,000, investors purchasing property
in the near future and joining the 17,000 overseas investors who
have already bought here should enjoy healthy returns. Investors
should also be made aware of plans to build a ski resort to
accommodate 3,600 skiers a day just 40km from Alanya. Damlataş
beach is a point of interest, famous for its dripping caves and
fantastic display of stalagmites. Cleopatra Beach is, according to
locals said to have derived its name from being part of Mark
Antony's dowry to the Queen of Egypt.
Bodrum
Facing the Greek island of Kos, Bodrum is a Turkish port town
and registered international centre for yachting and tourism.
Offering a blend of artistic and tourist based attractions there is
plenty of culture within this town. The international marina draws
in many seafarers and boating fanatics and diving courses for those
of all levels are available. The area is popular with Turks and
Europeans looking to buy holiday and second homes and already has
over 3,000 British families based there.
Dalaman
Dalaman lies on the south western coast of Turkey and has its
own international airport serving tourists to the surrounding area.
Agriculture in citrus fruit plays an important role in the local
economy and development in the area's infrastructure and airport
has aided accessibility. There is currently construction underway
on a tunnel to connect the town with Gocek, another nearby town.
There are also plans for a new marina and golf course and
investment is increasing in the area. Dalaman has its own natural
beach which has yet to become overly commercialised and the town
has several shops, bars and restaurants.
Didim
Situated on the western coast of Turkey, Didim is another
coastal area that is showing increasing tourist interest. This town
has great historical significance and is home to the ruins of the
Temple of Apollo. The area has warm winters which aid its tourism
industry and it is generally a very quiet resort ideal for
families. There is undergoing development in the area to create a
third beach and open a marina which is expected to influence an
increase in property prices
Fethiye and Kusadasi are also tipped to be good holiday
investment hotspots. These coastline towns are not necessarily
anymore attractive than others but offer a good infrastructure and
are established tourist destinations with an existing expat
community and regular international flights. Although not new to
the knowledgeable Turkish property investor, Kusadasi has recently
come to the fore as a promising destination. The most northern
Mediterranean resort, it admittedly does not offer the cheapest
property prices but is loaded with potential. Three bed properties
can be bought for £80,000 to £150,000.
Rental yields are high on the coast averaging 13-16% during the
summer season.
Ankara and Istanbul
Whilst the coast offers numerous attractions for the second home
owner the real investment opportunities lie closer to the capital,
Ankara and the historic city of Istanbul.
Although Ankara is the second largest city behind Istanbul, it
is the centre for government in Turkey and is an important base for
industry and commerce as it lies at the centre of the country's
road and rail links. The city also caters for a thriving student
body with several universities and colleges.
Istanbul is a hugely important centre of historical culture
across Turkey and the world and has been awarded the position of
European Capital of Culture for 2010. The city is the financial and
industrial centre of the country thanks to its land and sea trade
routes and accounts for 55% of all the country's trade. A large
boom in population has led to rapid expansion over the last decade
and the city thrives from its tourism.
Rental yields in both Ankara and Istanbul can be as high as 10%
with houses in the suburbs of Ankara even achieving yields of
around 12%.
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