The global economic downturn had led to a huge shift in attitude towards overseas property investment, with many choosing to hold off until economies show signs of improvement. However, the Turkish property market seems to have defied this trend, continuing to flourish despite the negative impact felt by other countries. A number of possible reasons for this have been indentified.

Turkey’s economic and political circumstances have undoubtedly contributed to the country’s growing property market. Mediterranean destinations once popular with tourists and property investors have been somewhat shunned as people consider alternative non-eurozone locations, where they’ll get more for their pound. Turkey’s tourism has benefitted significantly from this change, and investors have turned their attention accordingly.

Turkey’s application to the EU has also contributed to increased confidence in stability of the country’s economy. With property investors taking advantage of new government laws surrounding foreign property ownership as they make investment decisions; Turkey is starting to seem like the obvious choice.

Cheap flights lead to repeat visits, so Turkey has also seen the advantages of numerous budget airline routes to and from UK airports. This increased accessibility ensures continued rental income throughout the year – and when tourists arrive in Turkey, the low cost of living means they can eat, drink, shop and visit attractions without breaking the bank!

With such a wide range of destinations – cities like Istanbul and coastal resorts that offer visitors the opportunity to completely relax, as well as a unique blend of European and Asian cultures, there are also plenty of reasons for visitors to return again and again to Turkey, each time sampling the delights of a new part of the country. From Istanbul to Bodrum, Fethiye and Antalya, the Turkish tourism industry has wide appeal and caters to a variety of holiday maker’s requirements.

All this, coupled with an enviable Mediterranean climate – with almost year-round sunshine and scorching temperatures – there’s every reason for tourists to hold such high regard for Turkey…and where the tourists go, the property investors will follow as they cash in on rental opportunities. Flats, apartments, villas and traditional houses available to foreign investors mean that prices suit a range of budgets.

All of the factors described above serve to illustrate the varied reasons that demand for property in Turkey continues to rise despite a troubled global economy. If you’re considering overseas property investment, there’s huge potential across the country – whether you’re looking for a holiday home to make frequent trips to throughout the year, or if you’d like somewhere to provide you with an ongoing additional income.

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Think of buying a property in Turkey, and immediately destinations such as Oludeniz, Bodrum and Marmaris spring to mind. Traditional tourist destinations, where visitors have flocked in increasing numbers over the past few years. More recently however, there has been an increase in demand for larger properties situated away from the main resorts, as people look for their rural retreat. Peace and transquillity seem to be the key factors in peoples decision making process. On the back of this trend, there has been a considerable increase in demand for property in Hisaronu, the small resort located in the picturesque hillsides outside of Oludeniz.

Hisaronu offers an enticing mixture of stunning mountainside scenery, shops, bars and restaurants, whilst still allowing for access to the famous Oludeniz Lagoon, just a short bus ride away. Indeed, Hisaronu’s close proximity to the stunning blue waters of the Oludeniz beach have ensured its continuing popularity with the increasing numbers of tourist visitors to the region. Whilst offering access to the main beach via a short bus ride, the cooler climate in this beautiful Hillside resort has resulted in the town becoming an increasingly popular destination for nightime revellers, looking to escape the more intense heat found at sea level.

Although there has been some new development in the Hisaronu and Oludeniz region, the levels have been severely restricted due to the areas protected national park status. Subsequently, all new developments in the region are in considerable demand, resulting in sustained upward pressure on prices for property in Hisaronu and Oludeniz. Standards of construction throughout Turkey tend to be very high, and although due diligence should always be performed across all parties involved in the construction process, finished properties tend to be of a high standard thoughout.

Access to the resort at Hisaronu is usually via the superb new Dalaman International Airport, just over 50 minutes drive away. Previously a military airport, Dalaman has today become a hub for a large number of international, charter and low cost airlines looking to bring people into the region. Today, regular flights from Dalaman fly into around 20 airports throughout the UK on a regular basis. Subsequently, it is now possible to book return flights to Turkey from as little as £79.99 return.

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Built to the highest standards by one of the regions most well renowned developers, the Ocean Beach Club offers a range of two and three bedroom apartments offering considerable long term rental and investment potential. Situated just 200 metres from the popular Calis Beach area, the complex offers excellent sea views as well as easy access to the busy markets, marina’s and restaurants. 

There are two separate payment plans available, with one offering a 2 year 5% rental guarantee. The apartments are now completed, and are being sold on a 100% freehold basis.

About The Area – Calis Beach
As Turkey has become more popular as a destination for overseas investors and second home purchasers, Calis Beach has risen in popularity, as people look for property along the beautiful 4 kilometre stretch of beach that characterises the area.

A popular tourist destination, Calis Beach offers a selection of facilities and amenities which are designed for the increasing number of visitors to the region each year. During the daytime, activities such as watersports and golf can be found throughout Calis and Fethiye, whilst in the evening the restaurants and bars become popular as people seek to sample the superb cuisine which can be found throughout the resort.

The favourable payment plans, superb location and high quality of build ensure that the Ocean Beach Club offers an excellent investment opportunity.

If you would like to find out more about the Ocean Beach Club, why not visit our main site at Offplanworld.tv, where we offer a wide selection of Turkey property in destinations including Fethiye, Bodrum, Istanbul and Belek.

>> Two bedroom apartment in Ocean Beach Club – £69,000.00

For more information on these apartments, you can also contact one of our property consultants on enquiries@offplanworld.tv.

If you would like to find out more about Turkey, it is always worth having a look at the official Turkey tourism website, Go Turkey, were you can find a wealth of information regarding tourism in Turkey.

Remember, through our newsletter we occasionally send out information on special offers on property in Turkey which have been launched by our network of partners. If you would like to subscribe to this newsletter, simply complete our short form.

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Since the relative strengthening of the Euro in relation to the pound, people looking to buy property overseas have tended to focus on countries outside of the Eurozone, with Egypt and Turkey seeing increased interest in recent months.

Stephen Hughes, Director at Foreign Currency Direct told the Mail that they had seen an increase of 36% in exchanges of Sterling into Turkish Lira. Hughes went on to say “The Turkish Lira has increased by 6.5% against the pound in the past year, which means that those who changed to lira find their money goes much further than before.”

Whilst many investors have been attracted by the opportunities in the major cities such as Istanbul, the majority of the investment from abroad has looked to capitalise on Turkey’s rapidly expanding market for tourism. In particular, resorts such as Bodrum, Fethiye and Altinkum have proven exceptionally popular with both investors and holidaymakers looking for a permanent home in the region.

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The picturesque coastal town of Fethiye is situated in the popular Aegean region, on the west coast of Turkey. Located on the site of the ancient city of Telmessos, there are still a number of ancient ruins in and around the modern day Fethiye which can be easily visited by tourists.

Recent years have seen a huge growth in the numbers of tourists visiting the Fethiye region, and today approximately half of the towns 68,000 population are said to work in its tourism industry. Attracted by the regions historical ruins and superb beaches, Fethiye is today one of Turkey’s most visited tourist destinations, drawing visitors from both home and overseas.

Following on from this increase in the levels of tourism in Fethiye (and indeed throughout Turkey), the region has become increasingly popular with people looking to purchase property. Investors seeking to capitalise on the regions burgeoning tourist trade, and holiday makers and tourists looking to purchase a holiday home make up the majority of these international purchases.

Today, modern day Turkey is a hotbed of international property investment, and destinations such as Altinkum, Bodrum and Fethiye have become increasingly noticeable on the radar of international property investors. Following the removal in 2003 of restrictions on foreign nationals purchasing property in Turkey, it is estimated that over 60,000 properties in Turkey have been sold to foreign nationals. This huge growth in the number of properties in in Turkey being bought by overseas purchasers now amounts to over $10 billion foreign direct investment.

Being one of Turkey’s most popular tourist destinations has resulted in Fethiye being one of the key beneficiaries of this increase in overseas investment property in Turkey. Today, there are a large number of new property developments in Fethiye which look set to ensure that the growth in foreign direct investment in the region is set to continue.

>> More information on property in Fethiye

>> Official Turkey tourist information website

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