Property in Kusadasi, Turkey
House prices in Kusadasi, Turkey have seen a change over the years (for the better). The average price for a 2 bed apartment in 2008 would be £35-90,000. This is obviously dependent on a number of factors such as age, location, amenities, quality etc. Most property during this period was priced at £700 -900 per sqr meter according to the
Telegraph.
Today (2016) the prices are surprisingly interesting with added benefits to the initial property investor in terms of holiday rental and economic growth, year-on-year. The large majority of investors during this period were from countries such as Ireland, UK and Netherlands, but today it is the Saudi Arabia and Russians who are taking advantage.
Why has property for sale in Kusadasi changed?
There are many factors to take into consideration, namely Economic, political and property construction landscape. Turkey has allowed for not only better foreign investors attracted, but also local investors who can now gain mortgages and so are investing wisely.
Types of property attracting investors has fluctuated. A Kusadasi Satilik Villa, which was very desired my many, has ( in certain circumstances) been replaced with apartments allowing for cheaper holiday rental opportunities for the property investor.
Kusadasi apartment rental and buying allow for a broader appeal to both young couples and mature retiring couples. Owners of property see less overheads in terms of maintenance costs and upkeep in comparison to larger more luxurious villas. This does not however apply to all property investors in Turkish property. Saudi Arabia and Russia prefer larger villas along the coastal areas of Kusadasi and Turkey. The new marina area of Kusadasi is a classic example affording location, views and prestige.
Is it better to rent property in Kusadasi or Buy property in Kusadasi?
This will depend greatly on your motivation and what you wish to achieve in Turkey. Please visit our website
ADVICE section which will help give you a quick breakdown of important factors to consider. Your duration of stay will be a factor along with many more.
If you are looking to find property in Kusadasi and Turkey, please contact us.
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