Oceanwide Properties returned from another successful A Place in the Sun Live exhibition in Manchester last weekend. Read on to find out what those visiting the stand thought of the current Turkey property market, their concerns, what they were interested in and the reasons they saw a Turkish home as a viable investment…
Having just returned from the first of three A Place in the Sun exhibitions Oceanwide Properties are attending this year Suleyman Akbay said,
“A Place in the Sun Manchester 2016 was a surprisingly good show. We spoke to a lot of investors interested in a property in Turkey and hope to see sales up as a result over the coming months. I had initially thought we may struggle a little this year. I had expected stand numbers to be down and more people to voice concern about Turkeys troubles. Although this was mentioned by a few, the vast majority of investors we spoke to saw past this noting the the exchange rate benefits and investment potential of the many affordable properties we have on offer.”
Putting concerns about an investment in Turkey at bay.
As our last post “Turkey defies current political upheavals in 2016” pointed out, the real estate market in Turkey is still very much alive and kicking. Although the country is receiving a lot of negative international press due to current political issues and the ongoing refugee crisis, it still managed to rank top of a global index for property price increases in 2015. Interestingly, in a survey published March 12th in the Mail Online, statistics were shown revealing where in the world the British are most at risk. This doesn’t even mention Turkey.
According to the Mail Online’s report, Pakistan, Jamaica and America have been the most dangerous countries for a Brit to visit over the last 4 years. Most that choose to steer clear of Turkey believing it’s all a danger zone are once again forgetting the sheer size of the country and only hearing half the facts. The boarder towns most effected by the ongoing troubles are well over 20 hours away from the coast and tourist areas. That’s the equivalent distance from London to Berlin. Resorts like Fethiye, Kalkan, Marmaris and Bodrum, the main coastal investment hot spots, remain the same charming, relaxed and wonderful places they have always been. A terror threat does exist in Turkey, but it does everywhere as the attacks in Paris and Tunisia proved. This media scaremongering where Turkey is concerned is simply resulting in deterring tourists from visiting normal tourist destinations where the risk is still minimal and on a par with most other popular European coastal destinations. It is simply putting the livelihoods of many hardworking locals in tourism and other industries along the Turkish coast, in jeopardy. Let’s face it, people are forgetting that they are probably facing the same, if not a greater risk, sat in their London or New York offices. The difference is that they rarely hear of the risk.
So what were investors at the show interested in?
Value for money was again the main reason people were looking towards Turkey. It’s a buyers market along much of the coast so the prices of properties are very reasonable at the moment. Those on the stand also commented on how much more you could get for your money in comparison with much of Europe, especially Spain that seemed to be making a come back at the show. People also noted the weak lira and current exchange rate benefits, the climate, good transport links and variety of locations on offer as reasons they were exploring a property investment in the country.
What properties attracted the most attention?
We took over 50 of our exclusive properties, a number of new build and off plan developments and a heap of other value for money and reduced properties to the show. Those seeking a Turkish property tended to fall into three categories; those seeking a holiday home, those looking for a bargain buy to let investment ideally with a rental arrangement or bookings already in place, and those wanting a change of life and to retire to Turkey permanently. We have lots of properties suiting all three purposes. See below an example of each….and don’t forget to check out Oceanwide Properties website for our full portfolio.
The ideal holiday home…
Fully furnished 3 bed duplex in desirable Calis Beach location. Just £79,950
This beautiful duplex apartment is a ready to run holiday home or buy to let investment and proved popular at the show. Sited in one of Fethiye regions most sought after locations, it has a number of mini-markets, restaurants and local bus route to Fethiye within a few minutes walk, and the glorious beach just a 15 minutes stroll away. The apartment is on a small, attractive complex with large communal pool and to be sold fully furnished to a high standard. This is a ready to run property. In brief, this apartment is a first floor duplex spread over two floors. Spacious in design, it has a good sized, open plan kitchen and lounge, three bedrooms, one en-suite, and a further family bathroom. It benefits from air-conditioning throughout and beautiful mountain and pool views from it’s balconies and terrace. More…
A bargain buy to let property with rentals for 2016 already in place…
Reduced! 2 bed furnished apartment in central Hisaronu. Ready to run renter now £44,950
Another Oceanwide Properties exclusive that received a lot of attention at A Place in the Sun. This bargain 2 bed apartment is in central Hisaronu, a 24/7 holiday resort attracting premium rental returns between May and October. Recently reduced to £44,950, it’s a ready to run and furnished renter with some bookings for this summer season already in place. This property is a lovely, well-maintained duplex in an elevated location overlooking the the resort and just a few minutes stroll from all the shops, bars and nightlife. It is also within a 10 minute drive/ bus ride from the famous Oludeniz Blue Lagoon. The property briefly consists of a lounge, kitchen and diner, two good sized bedrooms (one en-suite) and family bathroom. More…
A great retirement home with a fabulous price tag….
Spacious, fully furnished 3 bed, 3 bath private villa with pool in Uzumlu. Just £129,000
Uzumlu, a fairly traditional village located just 20 minutes drive inland from Fethiye town, offers the ideal location for those looking to reside in the Fethiye area permanently. A beautiful mountain valley that feels a world away from the bustling tourist resorts nearby, it’s the ideal location for those that want more for their money in property terms, a peaceful retreat to live in as well as the opportunity to pop into Fethiye town or Calis beach resort for some nightlife and excitement when they fancy. It is an established village with a nice mix of ex-pat and Turkish residents. There’s a good array of local mini-markets and restaurants along with a popular wine house. It benefits from a cool mountain breeze during the long hot summer months and offers glorious pine clad mountain views from pretty much every window. This private property is laid out over two floors with generous room proportions and a number of stylish design features. It benefits from an open plan lounge, kitchen and dining area, three double bedrooms, one en-suite, and two further bathrooms. There is air-conditioning throughout and the piping for central heating in place should the new owners wish to install it. The villa has a good sized private pool and sun terraces, there is also a private gated car-port. It will be sold fully furnished with everything including white goods. More…
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