Whilst the more popular destinations such as Bodrum and Altinkum have proven popular with overseas investors, less well known destinations can offer excellent opportunities for people looking to purchase property in Turkey. Antalya, in south west Turkey is indeed a hidden gem, offering a wide range of holiday and investment homes for people looking for a more authentic Turkish experience.
Turkey’s progress with accession to the EU has done wonders for the country’s property market, with investors in agreement about the stability of the economy and the capital return that investment in the market will generate. Where other traditionally popular European countries have suffered ads a result of the global recession, the Turkish property market has flourished, and changes to laws surrounding ownership of property for overseas investors has helped to heighten the country’s appeal. The advantages of purchasing property in Turkey are, it seems, are beginning to outweigh those of increasingly expensive Mediterranean countries, where destinations within the euro zone are losing their appeal.
Antalya, a city in south-western Turkey that is surrounded by mountains, has become a tourist attraction as a result of significant investment that started in the ‘70s. Antalya is undoubtedly a hidden gem in the Turkish property market and, while many investors are looking to purchase in popular regions such as Bodrum and Altinkum, many are missing the opportunities that exist in this beautiful Mediterranean coastal town.
The city’s restored historical centre is full of character, despite being home to hotels, bars, clubs, restaurants, a large market and several shopping centres. Architecture, culture, tiny cobbled streets, museums, beaches – as well as having transport links to nearby attractions – including archaeological sites, and a national park – through a modern bus terminal / route. As a coastal city, Antalya has a port that will soon see new sea routes established to nearby attractions. The city also has a large, modern international airport on its outskirts, with direct flights to the UK, to which a new terminal was added in 2007.
At present, Antalya is not as popular as some of the better known destinations in Southern Turkey, but it does present significant opportunities for people looking to purchase a holiday or investment home. The city’s old quarter is enclosed by its historic walls and overlooks the harbour and its traditional wooden buildings have been converted into guest accommodation, galleries and restaurants that offer a range of dishes to suit all kinds of tastes – including Turkish, European and Chinese.
Property in the region ranges from new apartments and villas to traditional properties. With its beaches, historic & culture and good transport links ensuring that the city remains a popular tourist attraction, investors can be sure that they’ll achieve an impressive, consistent rental income throughout the holiday season. Furthermore, a stalling European tourism industry has spurred an increase in UK holiday makers choosing Turkey as their destination of choice, so investors buying now can expect to capitalise on this shift.
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