Kalkan, a lovely resort and residential destination available for sea lovers on the southwestern coast of Turkey, is partly famous for its natural, sea, and lifestyle filled with luxurious offerings. In the last few decades, It is considered to be the most developed hotspot for the buyers of properties, especially for overseas investors who want part of the Mediterranean bliss.
But, this surge in interest has allowed for an unprecedented increase in the cost of purchasing properties in this region. In this blog, we will focus attention on the main reasons why the real estate business in Kalkan is so expensive and what is the main attraction of the houses in this region.
1. Exceptional Positioning of the Turkish Riviera
Kalkan is positioned at the famous water body, also known as the Turkish Riviera, the turquoise coast of Turkey characterized by clear water, beautiful sandy beaches, and friendly weather all year round. Being located near further tourist attractions coastal areas like Fethiye and Kaş makes it even more appealing.
Breathtaking Views and Access to the Coast
A majority of Kalkan residences face the endless blue of the Mediterranean Sea and have convenient access to the clean sandy beaches of the town. Such coastal properties with 180-degree sea views and direct beach access command a premium over in-land houses and are always in high demand from property investors.
Charming Old Town
The Old Town of Kalkan, with its charming narrow lanes and traditionally built streets with white-washed houses, is another lovely feature of the town. Houses within or close to the Old Town are in high demand as they provide a unique touch and easy access to basic facilities, hence making the rates much higher.
2. A Dream Destination for Overseas People and Investors
Kalkan is recently experiencing undeniable foreign growth where buyers primarily consist of British and European citizens. Many expatriates are encouraged to settle in the town due to its unhurried manner of life, favorable weather conditions, and high quality of living. The presence of many international buyers has created a competitive environment, which has resulted in an acute craving for high-end properties.
Other Allure for Non-Nationals
Living in Kalkan includes more than just settling down in an area but also offers plenty of investment returns. Buying and selling of real estate as holiday homes at Kalkan provides seasonal earnings to investors, particularly during peak tourist months. Such trends have led to an upsurge in the appetite for high-end real estate, gated estates, and upscale condos hence the rise in property values of residential condos developed in the last several years.
The Culture of Expensive Villas
Lush Kalkan is famous for beautiful expensive houses many of which come with swimming pools, huge terraces, and breathtaking views. Such villas are often let out to tourists as holiday cottages or condo hotels, making this real estate very attractive to investors. The status and glamour of such properties have helped to push the real estate market into exorbitant prices.
3. High Demand and Limited Lands
An increase in the number of people wanting to own property in Kalkan alongside the limited land available for population activities is the basic contributing factor to the expensive housing sector in Kalkan. The coastal nature of the town and the hilly landscape in which the town is built limits the area that can be developed.
Too Little Land For Construction Purposes
The reason for such a limited size of land for construction activities in Kalkan is the geographical location of this town, which is situated between the mountains and the sea. Because of this competition particularly among the property builders and image land values are very high in the region. Most of the new projects, when they take place are often luxurious, high-level complexes, which else add to the high prices of the property market.
Environmental Protection
The local government prefers not to approve networks of roads and other infrastructure to avoid overdevelopment and maintain Kalkan’s timeless appeal. While this helps the relaxation of the tourists in the town, there is also a consequent effect of such a situation as the number of available housing units decreases leading to the increase in the prices of the already existing properties.
Conclusion:
A variety of factors affect the real estate market of Kalkan, such as its strategic site, the increasing number of foreign investors, scarcity of land, and the luxurious nature that Kalkan is associated with. As much as the cost of buying property in Kalkan is higher compared to other parts of Turkey, the interesting features of this town, the magnificent views and the investment potential make it attractive to homebuyers and investors.
When you think about buying a property in Kalkan, it’s important also to grasp the reasons for pushing prices high and get ready for stiff competition. Nevertheless, this is one perfect investment in one of the most beautiful and popular coastal cities in Turkey.
