The Development of Turkey’s Coastline is Emerging as an Exclusive Riviera
Turkey’s coastline has seen a remarkable change over the past decade into popular tourist destinations with an explosion in property and real estate prices.
Turkey’s Mediterranean coast has experienced significant change over the last 10 years resulting in what is seen today as bustling tourism destinations attracting visitors in their droves. Although the coastline has seen substantial property development it has managed to avoid some of the less appealing aspects that can accompany mass tourism as the towns have remained dignified along with their expansion.
Kalkan is an example of one of Turkey’s dignified towns that has managed to retain its charm, with its cobbled streets, its quaint harbour and old town, despite increasing development of new build properties over the past 6 years, which now sees the town spreading up into the mountain. The protection of the town’s charisma has aided the surge in property prices with four bedroom villas achieving prices of around £240,000 and other larger renovated old town properties reaching values as high as £500,000.
Other towns along the coast, with more stringent building regulations, such as Kas, are also commanding higher priced, up-market property – Kas is on average 10% more expensive than Kalkan – particularly due to the high demand of beachfront properties which are increasingly difficult to find.
But despite these high prices, the coastal towns of Turkey continue to attract the interest of overseas property investors, due to the original qualities that have been retained by these towns, and with the more traditional renovation properties and sea front locations, which command higher prices, of particular interest to foreign buyers.
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Turkey’s Mediterranean coast has experienced significant change over the last 10 years resulting in what is seen today as bustling tourism destinations attracting visitors in their droves. Although the coastline has seen substantial property development it has managed to avoid some of the less appealing aspects that can accompany mass tourism as the towns have remained dignified along with their expansion.
Kalkan is an example of one of Turkey’s dignified towns that has managed to retain its charm, with its cobbled streets, its quaint harbour and old town, despite increasing development of new build properties over the past 6 years, which now sees the town spreading up into the mountain. The protection of the town’s charisma has aided the surge in property prices with four bedroom villas achieving prices of around £240,000 and other larger renovated old town properties reaching values as high as £500,000.
Other towns along the coast, with more stringent building regulations, such as Kas, are also commanding higher priced, up-market property – Kas is on average 10% more expensive than Kalkan – particularly due to the high demand of beachfront properties which are increasingly difficult to find.
But despite these high prices, the coastal towns of Turkey continue to attract the interest of overseas property investors, due to the original qualities that have been retained by these towns, and with the more traditional renovation properties and sea front locations, which command higher prices, of particular interest to foreign buyers.
To see the original article, please click here
posted by Obelisk International at 10:38 am
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