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Daily Express Turkish Delight Article

Daily Express Turkish Delight Article Daily Express
Daily Express overseas property expert - NATALIA GAMESON flies to Dalaman to find out why so many Brits are sweet on the eastern Mediterranean

STRATEGICALLY balanced between Europe and Asia, Turkey is a meeting place for east and west, offering all the advantages of the Continent – without the high prices.

According to official government figures, there has been a 20 per cent rise in tourism numbers in the past year and the rentals market is set to reap the benefits, particularly in the South-western pockets of Dalaman, and Fethiye  according to Nesil Akman Aybar, head of Savills Turkish branch. "Over the past four years, house prices have increased by 60 per cent in the South-west – yet it's still affordable compared with other European countries.
Rental yields should stay high as the country's infrastructure improves, " she said.

Officially, the currency is the Turkish lira but euros and sterling can be used to purchase property. Fethiye, an hour's drive from Dalaman airport, is one area benefiting from revenue raised by increased tourism. Popular with visitors for the past decade, and home to Turkey's most photographed beach, Oludeniz, plans are under way to build a marina and make the town a cruise-ship destination.

"Abramovich is already buying up land in this area in preparation for rising prices, and the area is getting more popular with celebs: Johnny Depp was here just a few weeks ago in his yacht, " he reported. Over at the tourist village of Ovacik, the company is selling 14 freehold detached villas and 22 apartments. Built around a communal swimming pool, Orka Village boasts a daytime bar and Turkish bath complex. The beach and restaurants are nearby. 

Prestige Villas have arrangements with a number of tour operators, including Thomas Cook, to secure rental units for the summer periods.  Buyers can earn a substanial income over the holiday season.

Tony Grant is a builder from Milton Keynes who was lured to Turkey by cheap property prices. He and his family bought a three-bed villa in Ovacik last year when off-plan units could be picked up for £99,000. "I originally thought about buying in Dubai or Spain but opted for Turkey because it's a better family holiday destination than Dubai. I also liked the quality of the build."

Annual maintenance charges are £700 for villas and £500 for apartments on a shared complex. Costs remain much lower than in the UK; council tax is just £80 a year, and food costs are minimal. Expect to pay three per cent purchase tax and annual insurance premiums of £200.

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