Why buy property in istanbul Turkey
When considering a property purchase in the wonderful city of Istanbul, firstly you need to decide why you are buying and your budget, Is it for pure investment for capital appreciation or rental yields? or is it a lifestyle change or holiday home for you and your family?
Istanbul is like any other major city in the world, city centre and sea view properties come with a premium price tag, quite often with six-figure tags.
Scores of overseas investors have zoned in on the city over recent years purchasing properties all across the city, cashing in on both short and long term rentals. Keen-eyed investors are buying off plan properties at launch prices where property prices increase by at least 50% by the completion dates giving you guaranteed capital appreciation in very short space of time.
The are you choose is a very important factor along with your budget, home buyers with a high budget can purchase luxury Bosphorus properties, though low budget buyers should be looking in the new fashionable inner city areas of Beylikduzu, Esenyurt west of Ataturk International airport.
Property for sale in ISTANBUL Turkey
Ovacik is a peaceful residential area of Fethiye on the stunning south-west turquoise coastline of Turkey, nestled in the hillsides above the famous beach resort of Oludeniz with its calm Blue Lagoon, and the busy harbour town of Fethiye.
Ovacik was once a quiet, traditional farming village with a splattering of farmhouses and dirt tracks for roads, with the one main road leading down the mountain to the beach at Oludeniz. Today the peaceful village has seen much development meeting the demands of many overseas buyers. Luxury villas in private plots with large swimming pools, villas on complexes with huge communal pools, and private apartments on modern complexes have all risen from the hillsides making Ovacik a resort in its own right, yet still retaining its stunning beauty and laid back atmosphere, with some of the old farm houses still standing today and still inhabited by the local people.
As the village has grown over recent years, so had the amenities, Ovacik now has a great selection of nice quiet restaurants serving an array of international menus from traditional Turkish dishes to a tasty Thai curry, with some offering free home delivery for those that want a nice relaxed evening in the balcony. Ovacik can also offer plenty of relaxing bars which are perfect for a nice quiet drink with friends, unlike the bars in the neighbouring resort of Hisaronu where bars a more focused on loud music and entertainment. Shopping facilities are also excellent with lots of local shops and a host of low cost supermarkets, a far cry from the days when a trip to Fethiye was needed to pick up the weekly grocery supplies.
Property in Ovacik
When searching for accommodation for sale in Ovacik, you will no doubt have a budget in mind, whether high or low Ovacik offers something in the way of property for everyone’s budget, with 1 bedroom apartments for sale in the region of £30,000 and large private villas in the region of £135,000, however, prices can go much higher for seclusion, luxury, rare sea view real estate in Ovacik.
Maintenance cost should also be taken into consideration with Ovacik property for sale, private villa owners take sole responsibility of the cost of running a pool, and the larger the pool the higher the cost, and garden maintenance is also a factor again the bigger the garden the higher the cost, both using more water than property with smaller pools and gardens. Owners of apartments in complexes share the cost of any maintenance and often have a pool of money to be used for any unexpected work that may need carrying out throughout the season.
Investors looking to buy property in Ovacik, Turkey, can expect excellent yields from summer rentals, the more luxurious and private properties will command the highest yields along with rare views of the sea in Oludeniz, and with a steadily rising prices capital appreciation figures are also good for long term investors.
All-in-all accommodation in Ovacik, Turkey offers a laid back lifestyle with the best of both worlds, sea, sun, and sand on the doorstep and mixed with either a quite relaxed life or a lively nightlife in nearby Hisaronu or Fethiye.
Turkey Homes will guide you to your ideal property in Ovacik, taking into consideration your lifestyle requirements and budget.