Turkish Properties from £47,600
Turkish Properties from £47,600
Like Spain 30 years ago, Turkey’s low property prices are attracting more than just holidaymakers - Brits are now lining up to buy holiday homes there. The southern resorts of Fethiye and Marmaris were first in on the action but we’re now turning our attention to the northern Bodrum and Cesme peninsulas.
They used to say that prices in Turkey were the same as in Spain… if you knocked a nought off. But the days of the £10,000 beachside apartment are over; nowadays you might have to pay £20,000. Brits have discovered the beauty of this huge, historic country, three times bigger than the UK and with 7,000 kilometres of coastline. People have traditionally headed for the Mediterranean and south Aegean coasts, with British and Irish holiday home-owners in resorts like Marmaris and Fethiye. But now we’re going north as enterprising Turks develop more of the coastline.
The Bodrum Peninsula is a popular spot right now; recently described as being “the new San Tropez”, where wooded countryside meets the shore in a series of glorious bays and pretty fishing villages. Talk to any Turkish developer and they’ll insist that they’ve learnt lessons from other countries and will not be allowing crass over-development, though in parts of the country they seem to be coming perilously close! However, if a £40,000 three-bed villa amongst other Brits is exactly what you’re looking for you have a choice of resorts. For others, who might traditionally have headed for France or Tuscany, there is unspoilt beauty around every corner. Like the Cesme peninsula. Just an hour’s drive from Izmir, with regular flights to the UK, this stretch of coast is so close to the Greek islands that many use Izmir as a closer airport than going via Greece.
A new development of golf courses and pretty homes is going up, based around the village of Alacati. Anyone who doubts the classy, European appeal of Turkey should visit this picture-perfect village, popular with visitors from Istanbul. With all this building, off-plan and new-builds are most popular. It is difficult to predict whether the general house inflation can continue, or whether over-supply will force prices down. But either way it can’t be long before those same people who have been buying up every gorgeous old finca in the Balearics realise there are equally beautiful renovation projects in Turkey too; at a tenth of the price.
