About Kalkan’s Property Market and 5 Reasons to Invest In It
Kalkan’s property market is unlike anywhere else in Turkey. Keeping a discreet but exclusive reputation, the resort receives little attention from the main street travel and property markets, and luxury circles, including those who sail the Turkish Riviera, want to keep it that way.
However, they need not fear, because Kalkan will never turn into an urban concrete jungle thanks to the geographical layout and lack of space for the new buildings. The landscape is just one of the many reasons people fall in love with it.
First glimpsing the town, when coming in from the main D400 highway or by sea, visitors witness a picture postcard scene of whitewashed houses and modern villas scattered over the hillside that slopes down to the Mediterranean Sea and the traditional harbour with small fishing boats.
It is hard not to be wowed, hence the many foreign buyers from the Brits to Europeans to Middle Eastern nationalities. Without a doubt, its success is set in stone as, no matter what else happens in the rest of Turkey, people continue to flock to Kalkan to experience a luxury, Turkish seaside experience.
Many holidaymakers also return to buy property in Kalkan. Attracted by ultramodern architecture and those stunning sea views, other benefits lay in wait for real estate investors to Kalkan.
Why Invest in Kalkan’s Property Market
1: An Exclusive Portfolio of Apartments and Villas
Although Kalkan’s steady stream of luxury holidaymakers provides locals with a lucrative income, the real estate market captures everyone’s attention. Industry insiders criticise other places in Turkey for the “build them quick, sell them fast” attitude, which led to poor urban planning and buildings presenting nothing more than a landscape eyesore.
For Kalkan, they have nothing but praise. Developers realising there is no room for mistakes hire only the best Turkish and international architects to design homes maximising the hilly landscape and provide oodles of space, a concept familiar with luxurious living.
Three key features of homes are front facing ceiling to floor windows that take in a gorgeous Mediterranean Sea view, and wide-open spaces with some homes featuring large, slidable doors and windows to merge indoor and outdoor living spaces.
This ensures homeowners enjoy a cool breeze throughout the hot summer months and make the most of life in the sun, a popular feature of Turkish coastline resorts. Lastly, infinity pools are a big business. With water flowing over the outer edge, the view merges with the sea view to provide the ultimate experience of luxury.
2: Six Neighbourhoods to Choose From
When comparing its size with destinations like Antalya, Fethiye and Bodrum, Kalkan pales in comparison but do not think this means you have to comprise on locations. The town breaks down into six main neighbourhoods and presents diverse lifestyle choices depending on your budget and reasons for buying.
Budget buyers adore Kiziltas, on the other side of the D400 highway that offers the lowest price per square meters and thanks to its elevated land status, outstanding sea views. Kalamar on the bay’s west side enjoys a beach club ambience, and this makes it a popular choice for house buyers who want a summer getaway.
The old town presents a nostalgic glimpse into Kalkan’s history, while nearby Ortaalan known as new Kalkan, provides convenience with the largest concentration of shops, bars, restaurants, supermarkets, banks, and those all-important bus transport links.
Lastly, Komurluk and Kisla are two neighbourhoods that count themselves as prestigious Turkish Riviera destinations. Known for their large, millionaire, luxury mansions, these destinations portray Turkish high society at its finest.
3: Capital Appreciation and Buy-to-let Income
Turkey’s real estate market has come on in leaps and bounds over the last decades. Modernised housing developments and introducing mortgages have pushed it to new heights. Some areas face a dilemma because in a rush to expand, they have generated a surplus of housing, so local buyers need to be in it for the considerable long term to see any decent amount of capital appreciation for their investment.
Kalkan does not have this problem. Its hilly landscape, and lack of building spaces ensures a healthy year on year generation of capital appreciation. Likewise, for buy-to-let investors, especially those looking at the holiday market, potential rental yields make it a more attractive market than destinations like Aegean Altinkum, whose flooded holiday property market makes it hard to rent out short term with consistency.
Buyers have different reasons for choosing Kalkan, whether it be the lifestyle or a base for permanent living, but for real estate and financial investment, the town has a good case to put forward.
4: Turkish Authenticity with Finesse
These days, it seems many brands are eager to jump on the luxury bandwagon, with all-inclusive hotels offering cheap holidays at unbelievable prices. This has diluted the meaning of “luxury,” and it is no longer about paying top dollars for an experience. Instead, the term reflects authentic experiences, rather than an expensive way, and when you buy in Kalkan, that is what you will get.
Despite its upmarket status, it has not sold out on its roots as a small fishing village with culture. Part of a seaside lifestyle in Turkey has always been alfresco dining and the time-honoured Mediterranean diet. Kalkan excels at this with rooftop terrace dining, and harbour restaurants serving a varied range of seafood and seafood dishes.
Wander the old town’s cobbled streets lined with bougainvillaea trails fronting wooden balconies and small cottages. Least not forget the market day on Thursday, the sociable tradition of a Turkish bath, barbers shops offering a closer than close Turkish shave, and the nargile bars for a relaxing evening under the stars. The luxury vibes blend with time-honoured traditions to ensure visitors still see authentic Kalkan and its rise from a small village to a desirable place to live.
5: An Outdoor Luxurious Lifestyle
The Mediterranean climate provides Kalkan with an outdoor lifestyle that nationalities from countries like Britain adore. Whether it is lying beach side, sailing the Riviera, indulging in water sports like scuba diving or exploring the Lycian way that Kalkan belongs to, there is no such thing as staying indoors during spring, summer, and autumn. It assures holiday makers have a huge range of things to do, whether exploring nearby Patara or heading east to Kaputas beach. Expats living in the resort also entertain themselves with hobbies and charities. Aside from two months when the rainy season hits Turkey, if outdoor living is what you want, you will find it.
To know more about Kalkan’s property market, see our full range of apartments and villas on the market. Each listing features photos, location details, property specifics and an enquiry form to receive additional information via email, like proposed payments plans and how to buy property in Turkey. Alternatively, if you are already in Kalkan or Antalya, part of the region it belongs to and would like to view homes for sale, contact us here.