You are here: Shelter Offshore » Property Abroad » Property in Turkey
Sunday, October 12th, 2008
Summary: A new airport is getting property investors hot under the collar in Alanya in Turkey
Investors dreaming of buying property in the Turkish sun are likely to welcome the news that an additional airport for the southern region of the country has finally been given the go ahead.
The Telegraph newspaper is reporting that the facility will enable more travellers to arrive much more conveniently - this of course makes buying property in Turkey more accessible with the new airport and it make the southern area of the nation even more attractive to real estate investors.
With the airport building site just 30km outside Alanya, the airport’s passengers can find themselves at this famous seaside resort within about 30 minutes. This compares very favourably with the previous modes of ground transportation available from other airports within the country. It is believed that improved accessibility will make this already hot Turkish destination even hotter for foreign investors and would-be expatriates looking for a new home and it will massively inflate the already abundant tourism market.
Alanya is one of Turkey’s most notable resort areas and has been so for hundreds of years. The city is famous not only for its kilometres of pristine beaches along the Mediterranean Sea but also its Taurus Mountains view. These two distinct features have made Alanya both a Turkish paradise and an important strategic location - the region served as a stronghold for the Roman, Byzantine and Ottoman empires meaning that there is such a fascinating wealth of history in this part of Turkey as well that is yet an additional lure for visitors.
The climate and landscape have combined to make Alanya a major tourist and investment destination, the city is believed to be responsible for roughly 10 per cent of Turkey’s tourism trade so far and when the airport comes into operation this figure is set to rise sharply. Naturally investors looking for property in Turkey with the best potential will now be turning their attentions to real estate in Alanya as demand for rental properties in the summer could be set to soar.
Within the greater region visitors will find lots of things to see and do beyond the beaches. Alanya is home to many historic sites for example, perhaps the most famous is the shipyard which was constructed in 1226 by the Sultan Alaaddin Keykubat.
Buyers here will find a wealth of property available - ranging from detached villas to off plan apartment developments there is no shortage of investment opportunities within the area. Alanya has been and remains a Mediterranean jewel. New construction purchases start from around GBP 60,000 and go up from there.
News of the airport’s approval has investors all over the world rather excited. It is believed the facility will help Alanya and its immediate surroundings experience a surge in property values. It seems the time to look and buy property in Turkey in Alanya may be now!
The project is moving forward under the direction of TAV, which is a Turkish-based company. TAV has been granted a long-term lease on the Gazipasa Airport which was built in the region more than a decade ago but never actually opened. Prior to the unveiling of the new airport, TAV intends to improve the facility and its runway to handle an estimated 3 million passengers a year.
The airport is hoped to reach its full build out by the middle of 2008. In the meantime travellers will have to rely on other major airports and ground transportation to get them to their Alanya destinations.
Page 1 of 1