The Aegean cost is a stunning property investment choice in Turkey. As the prices in European countries gets higher, Turkey provides a good strategic investment for investors wanting to buy property in a sunny climate with seaside access nearby. Turkish Property prices there are still much lower than the EU average.
Turkey is steadily increasing in tourism, in turn creating more exposure, interest and demand for property. The value of Turkish Property is expected to appreciate in beachfront areas by as much as 50 percent initially, with predictions for the next two to three years reaching 100 percent.
Western Turkey is notably inexpensive and offers high accessibility. The Aegean coast stretches from Marmaris in the south to the opening of the Dardanelles at Canakkale. The region is where modern culture meets ancient natural and man-made wonders in Turkey.The epicenter of tourism in the Aegean region is Bodrum, the southernmost major holiday town of the Aegean. It is well-known among foreign visitors and Turkish travelers. An enclave of small villages and towns are sprinkled throughout the peninsula, most of which are equipped with resorts, hotels, guest houses, bars, restaurants, shops and other attractions. For travelers in search of quiet and solitude, some villages have less resorts and tourist attractions, leaving the area more or less in its pre-tourism conditions and the sea barely touched by industry. However, other villages are well-known for their vibrant night life of clubs, bars and discos.
Sports and activities are plentiful in the Aegean, including; diving, jet skis, waterskiing, windsurfing and paragliding.
Accessibility is key for investors, as areas that are easier to reach are more likely to be frequented and are in higher demand.
Bodrum holds an international airport, which is reachable from some major cities in Europe. There are also ferries to Greek islands, Kos and Rhodes, from Bodrum, and the trip from Bodrum to Istanbul is 12 hours by bus and1 hour by air.
Another highly trafficked region of the Aegean is Marmariss yachting center. Located in the southwest corner of Turkey, it is bordered by green mountains, pine forests and the azul Mediterranean Sea. Small bays line the peninsula with pine-covered beaches and camp sites the attract tourists the world over.
According to local estate agents, property prices on the Aegean are still much lower than the EU average. Destinations such as Izmir, Marmaris, Bodrum, Altinkum Didim and Kusadasi are growing in popularity among foreign investors, as more people find the affordable prices and a fairly efficient buying process.
Kusadasis status as a well-known port city is sure to increase its reputation among travelers. Those who have visited the city will be more likely to return, and word of mouth is the best form of advertising. It is also located near the ancient city of Ephesus, founded between the 16th and 11th centuries B.C. This former metropolis of the ancient world remains as a testament to the popularity of the region. Excavations on the city continue as nearby new building projects go up to house the travelers who continue to flock to the region, ensuring investors prosperity to come.
Aspiring to join the European Union within the next ten years, Turkey still benefits from lower property prices, relative political stability and it proximity to the financial strength of Western Europe. This situation adds up to growth potential that will certainly boost the prices of the Turkey real estate in the future.
The Mediterranean coast offers an all round season for good holiday rental opportunities. Tourism operators and airlines are steadily increasing their capacity in the region, adding to predicted property investment growth. Property acquisition expenses are low, as are taxes.
Hasan Deniz
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[Source: Kusadasi Property Business]
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