By Justin Mays:
Away from the hustle and bustle of big cities like Istanbul
or Ankara is the small fishing town of Kalkan. Nestled along the Turkish
Mediterranean coast, Kalkan is a well-known tourist destination. The blue
waters, balmy days, and luxury living are just a few reasons that Kalkan has
going for it.
The last few years have been rough on the property market
all over the world. Turkey is no exception to that. Kalkan has fared well,
though.
Kalkan’s local real estate market has developed drastically
over the years and has become prominent both locally and internationally for
its quality and luxury. The real estate in Kalkan includes villas and resorts
rather than high-rise residences like in big cities.
Prime Property Turkey brings facts and forecasts on Kalkan, Turkey, real
estate.
Kalkan Real Estate Facts & Forecasts
As a part of Turkey’s gorgeous Turquoise Coast, those who
seek a Mediterranean lifestyle close to the mountains and want to enjoy a
comfortable climate especially favor Kalkan.
Kalkan gives homebuyers much to choose from when it comes to holiday homes and other residential units. Buyers can find old wooden homes for sale and mansions in Kalkan, Turkey but also get luxury living options with elite features such as infinity pools, gyms, security, and much more.
As Kalkan’s properties have gained fame, many have questions
about what the local real estate has to offer and if buying a property for sale
in Kalkan, Turkey, is a good investment. While the price of properties has
increased in the last year, the demand for Turkish real estate has also
witnessed a massive boost. Despite the rising prices, foreigners continued to
purchase housing and other properties.
- Kalkan has attracted tremendous interest from foreign buyers
for its real estate due to how well its beauty has been preserved since the
local government prohibited building high-rises and tall
structures.
- In 2021, due to the pandemic, foreign and local buyers began to opt for rented accommodation instead of hotels, making holiday homes in Kalkan and other resort towns in Turkey popular and boosting their sales. Since then, many buyers have purchased properties in Kalkan to gain rental income. You can browse our Kalkan properties for sale to find options for all budgets.
- Despite the pandemic and the forest fires in Turkey in 2021,
the demand for properties in Kalkan only increased. The primary reason is that
the properties in this region represent a tranquil retreat from hectic city
life. However, some even use them as buy-to-let units for profits.
- In 2021, the sales of residential units increased
significantly compared to the year prior, with property sales to foreign buyers
going up by 43.5%. A total of 1,491,856 housing units were sold in the
country.
- The fluctuating value of the Turkish Lira in 2020 brought in
a new wave of investors from overseas seeking high value for their money. In
addition to the Middle-eastern and European buyers, Russian buyers have been
buying homes in Turkey in 2022.
- Many who own properties in Kalkan prefer not to sell them
despite a high chance of getting profitable returns since these properties
bring in excellent rental income. This is mainly due to Kalkan and other resort
towns of Turkey being the main holiday spots for Brits and other
Europeans.
- Locals with jobs and other commitments in the major cities
of Turkey also escape to Kalkan during the holiday season and other parts of
the year. They rent out detached villas and apartments with beautiful views to
relax.
- The Turkish Government has planned many major developmental
plans for 2023, which will boost the local property market and attract more
attention to Turkey’s resort towns.
- Kalkan’s property market is expected to grow in 2023 since
the government has taken measures to expedite the property purchasing process
by removing military checks and other delaying steps. This new streamlined
process has encouraged more and more foreign buyers to invest in Turkey.
- Even though the property values and rents have been
historically on the high side, the decrease in the value of the local currency
is attracting foreign and local buyers to the region. This trend is not going
to change any time soon. Both local and foreign buyers are looking to take
advantage of the current conversion rate. As the real estate markets in big
cities become increasingly congested, the interest in niche markets like Kalkan
is rising.
You can also read our “Kalkan, Turkey | Facts and Attractions” post to learn more about what Kalkan offers. What’s more, we also have a “Kalkan Real Estate | How to Find Your Home” post with some excellent property recommendations.
Talk to Us
Prime Property Turkey has a diverse team of real estate
experts of various nationalities to help assist you in your search for the
right property. Whether you want a property in Kalkan or any other part of
Turkey, we can help you get precisely what you want for an amazing price.
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