Why buy property in kusadasi Turkey
Kusadasi is currently seeing a turnaround in property sales, though it has always been a popular holiday destination, new developments have started a boom in sales of both holiday homes and investment properties.
The area was always known for great value properties, however, this surge in sales and development is seeing significant price increases and there is expectation for this to continue for the foreseeable future, giving investors fantastic capital appreciation.
Rental yields in Kusadasi area also excellent, rising with the house prices, giving investors a healthy income and a nice little nest egg for the future.
Property for sale in Kusadasi
Sitting on the stunning Aegean coast in the west of Turkey is Kusadasi, long since a popular holiday destination famous for its clear blue waters its rich and diverse culture and of course, its wonderful history.
Kusadasi is home to the wonderful ancient Greek city of Ephesus, a large archaeological site on the outskirts of the town dating back over 2000 years and one of the most visited sites in Turkey, with an average of 1.5 million visitors every year, being one of the best preserved sites in the western world, with some of its visitors arriving into Kusadasi’s cruise port, with Princess and Royal Caribbean to name just two of the large cruise companies bringing guests from around the world.
Shopping in Kusadasi is a dream for any shopaholic, with several large shopping malls in the area hosting internationally branded stores, several outlet stores in the edge of town, and the huge Kusadasi markets where you can pick up your bargain fake designer goods at a fraction of the cost of the real thing, or choose your weekly supply of fresh fruit and vegetables from a vast range of locally produced goods.
Real Estate in Kusadasi
In the last few years, Kusadasi has seen a resurge in property purchases by overseas buyers mostly from the UK and Germany, therefore, developers have homed in producing some fine specimens of new properties in the area. These are being snapped up by investors who have seen the new potential that has returned to Kusadasi after several years of a real estate lull.
Property In Kusadasi
If you are looking to buy property in Kusadasi ,Turkey you can expect to pay lower prices than resorts such as Bodrum and Kalkan where properties more often than not come with very high prices, though with Kusadasi’s now regaining its popularity this will not last long, as prices area already beginning to rise and will soon begin to reach those high prices, especially those homes offering views of the sea.
Older style homes are where the bargain can be had, with apartments starting in the region of £40,000 and villa at £75,000, ideal for anyone looking buy property in Kusadasi, Turkey to get a foothold on the real estate ladder. These properties will lack in facilities but that is more than made up for with the excellent prices.
More modern accommodation for sale in Kusadasi will still offer lower prices than these other areas, though prices will be higher than the older properties, apartments set in wonderful complexes with fantastic on-site facilities of shops, gym’s, large swimming pools, saunas etc. Villas can also be offered on complexes with shared pools and other facilities as well as private villas with their own gardens and pools, and of course, you can expect to pay a little more for views of the sea.
Investment potential
Accommodation in Kusadasi, Turkey will offer investors great rental yields, averaging 5-6% per annum, though luxury sea view properties will command higher yields as standard almost anywhere in the world.
Kusadasi property for sale will also give you excellent capital appreciation as prices are currently rising at approximately 8% per annum, which is expected to continue and possibly increase as the area regains even further on its past decline.
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