Investment Property in Turkey’s Kalkan

The ancient Turkish town of Kalkan is famous for its decorative architecture and for its impressive location tucked beneath beautiful mountains and overlooking the pretty and natural Mediterranean harbour of Kalkan Bay.  Kalkan was traditionally a trading town but in the 1960s many of the local inhabitants began to leave to seek business opportunities elsewhere.  Luckily at around the same time the town was discovered by a series of wealthy yachtsmen and women and as a result independent travellers quickly began to learn of this idyllic Mediterranean location on Turkey’s south west coastline and it was transformed into a beautiful and idyllic holiday resort.

Today investment property in Kalkan and nearby Patara is highly in demand as many realise that the idyllic charm of this part of Turkey can return significant rental yields from the tourist market during the long hot summers and also provide investment capital growth potential as tourism numbers in Turkey increase annually.

In terms of the types of investment property available in Kalkan you have everything from simple to luxury apartments, traditional town houses and deluxe villas, mountain properties, commercial properties, building plots and off plan, pre construction developments.  House prices in this particular area of Turkey have been enjoying a bit of a boom but you will still be struck at how affordable investment properties are in real terms.

An example of what’s for sale currently and at what sort of price: simple flats start from as little as GBP 27,000 with an average guide price of between GBP 50,000 and GBP 60,000 getting you a two or three bedroom apartment with access to communal facilities in a decent area.  Luxury apartments with superior finish, attention to detail, facilities and location start from around GBP 69,000 and go up towards the GBP 100,000 range.  Some new build apartment blocks are now offering guaranteed rental yields in and around Kalkan which can offer a potential property investor a hands off alternative investment opportunity.

If you’re interested in purchasing a villa with a pool to let out to families you’ll find that these are much more in demand and also generally generate better yields.  Prices start from around GBP 115,000 for a two bedroom villa with a private pool and go all the way up to GBP 300,000 plus for deluxe villas with unobstructed sea and mountain views, private pools and well kept gardens.

Commercial property investment opportunities in and around Kalkan come mainly in the form of bars, restaurants, pensions and hotels; land for sale in Turkey’s Kalkan varies massively in price depending on the size of the plot, the aspect, location, amenities and whether or not planning permission has been granted already.

In terms of average weekly summer rental prices that you can expect from your chosen international real estate - apartments rent from GBP 190 a week for a simple self catering apartment to GBP 250 for an apartment with access to good communal facilities.  Villas start from GBP 390 a week and go up to around GBP 550 with a higher income possible from exclusive properties.