Boom in Turkish water houses
In recent years, Bodrum has been a center of international tourism and investment. Recently, three coastal areas have begun to catch up.
Turkey has always been a popular destination for international investment in coastal real estate due to its picturesque coastlines, many historical sites and excellent cuisine.
Besides beaches, the country attracts foreign buyers with its affordability, high quality of life and variety of real estate options, said Michael Valdes, CEO and president of eXp Realty, a real estate agency that has no presence in Turkey. Until recently, much of the investment and attention has focused on the city of Bodrum and towns on the adjacent peninsula in the southwestern part of the country, which he said were "the best places in Turkey to buy coastal real estate".
Although Bodrum's real estate market remains stable, buyers are increasingly looking for homes in little-known areas of Turkey and neighboring areas, international real estate experts report.
Kusadasi, Kalkan and Northern Cyprus are becoming particularly popular destinations.
"Interest in buying coastal property anywhere in the country has increased since the pandemic, and these places offer a similar lifestyle to Bodrum," said Julian Walker, director of Spot Blue International Property, a London-based company specializing in Turkey. "However, they are even more attractive because they are just starting to develop." Walker's company has seen sales increase 20 to 25 percent a year for the past three years, driven in part by real estate sales in the three areas.
Even the magnitude 7.8 earthquake that hit Turkey and Syria in February didn't slow sales, Walker said. The epicenter of the quake was near Gaziantep, in southern Turkey, near the northern border with Syria, several hundred miles east of the country's popular beaches. And with the re-election of President Recep Tayyip Erdogan last month, the country is likely to continue moving in the right direction, which is a positive signal for foreign investors.
"Turkish people are very resilient and they will recover better and stronger and I am sure that the new offer that will come on the market will appeal to a wide audience of buyers," Valdes said, referring to the real estate offer in coastal areas.Let's take a look at emerging real estate markets.Kushadasi
In western Turkey, along the Aegean coast, Kusadasi has been a popular cruise ship destination for decades. A stay in this resort town allows guests to visit nearby attractions, including the ancient Greek ruins of Ephesus and the House of the Virgin Mary, a Catholic church.
Kusadasi also offers a burgeoning real estate market, said Gokhan Duyar, owner of Property Kusadasi, a real estate company based in the city. The market includes apartments and villas in the city center, as well as villas in neighborhoods near the water, he said.
Prices for properties typically start at $135,000. For about $300,000, a buyer can expect a two-bedroom apartment with sea views in a high-end building with amenities such as a pool, property manager, gym and parking, Mr. Douyar said. For close to $1 million, buyers can expect a spacious beachfront villa with a swimming pool, tennis court and gardens.
Housing prices have been rising rapidly in Kusadasi but are now stabilizing, Mr. Dujar said. "We saw a shaft of people seeking Turkey during the pandemic," he said. Foreign buyers are also attracted to Kusadasi's mild climate, which allows them to swim in the ocean about eight months of the year.
Fugen Firik, broker and owner of Firik's Real Estate agency in Kusadasi, said that besides the weather, another attraction is the picturesque beaches. "The most famous of these is Long Beach, which is more than 11 miles long," she said.
When it comes to restaurants, Ms. Firik said Kusadasi has a variety of establishments represented, including Irish pubs, Belgian waffle eateries, as well as Chinese and Italian restaurants. Many restaurants also offer Aegean specialties such as dorado, squid and octopus. "We have a large number of foreigners living here, and the variety of restaurants and nightlife venues speaks to that community," Ms. Feerick said.
The main customers from abroad, she said, are from the UK, Ireland, Belgium, the Netherlands and throughout the Middle East.
Manuela Engels, originally from Amsterdam, has been living in Kusadasi for more than 15 years. She said she visited the city while on vacation and "fell in love" with the beaches, food and climate. "It didn't take long before I decided to make the move permanent," she said. "Living in Kusadasi is like sinking into a luxurious long bath.
Let's take a look at emerging real estate markets.Kushadasi
In western Turkey, along the Aegean coast, Kusadasi has been a popular cruise ship destination for decades. A stay in this resort town allows guests to visit nearby attractions, including the ancient Greek ruins of Ephesus and the House of the Virgin Mary, a Catholic church.
Kusadasi also offers a burgeoning real estate market, said Gokhan Duyar, owner of Property Kusadasi, a real estate company based in the city. The market includes apartments and villas in the city center, as well as villas in neighborhoods near the water, he said.
Prices for properties typically start at $135,000. For about $300,000, a buyer can expect a two-bedroom apartment with sea views in a high-end building with amenities such as a pool, property manager, gym and parking, Mr. Douyar said. For close to $1 million, buyers can expect a spacious beachfront villa with a swimming pool, tennis court and gardens.
Housing prices have been rising rapidly in Kusadasi but are now stabilizing, Mr. Dujar said. "We saw a shaft of people seeking Turkey during the pandemic," he said. Foreign buyers are also attracted to Kusadasi's mild climate, which allows them to swim in the ocean about eight months of the year.
Fugen Firik, broker and owner of Firik's Real Estate agency in Kusadasi, said that besides the weather, another attraction is the picturesque beaches. "The most famous of these is Long Beach, which is more than 11 miles long," she said.
When it comes to restaurants, Ms. Firik said Kusadasi has a variety of establishments represented, including Irish pubs, Belgian waffle eateries, as well as Chinese and Italian restaurants. Many restaurants also offer Aegean specialties such as dorado, squid and octopus. "We have a large number of foreigners living here, and the variety of restaurants and nightlife venues speaks to that community," Ms. Feerick said.
The main customers from abroad, she said, are from the UK, Ireland, Belgium, the Netherlands and throughout the Middle East.
Manuela Engels, originally from Amsterdam, has been living in Kusadasi for more than 15 years. She said she visited the city while on vacation and "fell in love" with the beaches, food and climate. "It didn't take long before I decided to make the move permanent," she said. "Living in Kusadasi is like sinking into a luxurious long bath.
Kushadasi
In western Turkey, along the Aegean coast, Kusadasi has been a popular cruise ship destination for decades. A stay in this resort town allows guests to visit nearby attractions, including the ancient Greek ruins of Ephesus and the House of the Virgin Mary, a Catholic church.
Kusadasi also offers a burgeoning real estate market, said Gokhan Duyar, owner of Property Kusadasi, a real estate company based in the city. The market includes apartments and villas in the city center, as well as villas in neighborhoods near the water, he said.
Prices for properties typically start at $135,000. For about $300,000, a buyer can expect a two-bedroom apartment with sea views in a high-end building with amenities such as a pool, property manager, gym and parking, Mr. Douyar said. For close to $1 million, buyers can expect a spacious beachfront villa with a swimming pool, tennis court and gardens.
Housing prices have been rising rapidly in Kusadasi but are now stabilizing, Mr. Dujar said. "We saw a shaft of people seeking Turkey during the pandemic," he said. Foreign buyers are also attracted to Kusadasi's mild climate, which allows them to swim in the ocean about eight months of the year.
Fugen Firik, broker and owner of Firik's Real Estate agency in Kusadasi, said that besides the weather, another attraction is the picturesque beaches. "The most famous of these is Long Beach, which is more than 11 miles long," she said.
When it comes to restaurants, Ms. Firik said Kusadasi has a variety of establishments represented, including Irish pubs, Belgian waffle eateries, as well as Chinese and Italian restaurants. Many restaurants also offer Aegean specialties such as dorado, squid and octopus. "We have a large number of foreigners living here, and the variety of restaurants and nightlife venues speaks to that community," Ms. Feerick said.
The main customers from abroad, she said, are from the UK, Ireland, Belgium, the Netherlands and throughout the Middle East.
Manuela Engels, originally from Amsterdam, has been living in Kusadasi for more than 15 years. She said she visited the city while on vacation and "fell in love" with the beaches, food and climate. "It didn't take long before I decided to make the move permanent," she said. "Living in Kusadasi is like sinking into a luxurious long bath.
Kalkan
On Turkey's southern coast, where the Mediterranean Sea meets the Aegean Sea, the resort town of Kalkan is set up like an amphitheater, said Mr. Walker of Spot Blue International Property. "The harbor and the main town are downhill, while most of the houses are built on the slopes," he said.
The real estate in the area, like other coastal areas in Turkey, is a mix of apartments, townhouses and villas. What sets Kalkan apart, however, is that almost all properties offer sea views because of their hillside location, Mr. Walker said.
Housing prices start at about $175,000 for a modest one-bedroom apartment with panoramic ocean views in an older building with amenities such as a gym and swimming pool. For around $400,000, a buyer can expect a three-bedroom home with sea views and a pool.
Those looking for a typical beach destination should know that Kalkan is not one. "There are practically no sandy beaches here. Expect more rocky outcrops on the coast, like the Amalfi Coast in Italy," Mr. Walker said. However, Patara Beach, which is about 20 minutes by car from the city, offers a more classic beach atmosphere.
It's worth noting that beach clubs (despite the name, they don't always have an actual beach) are an integral part of the town. They cater to local and international customers who come for the day to sunbathe and enjoy long seafood lunches and wine. Sometimes music and dancing are added to the fun. These include Kalamar Beach Club, which offers scuba diving trips as well as kayaks and sun loungers, and Palm Beach Club, which is especially family friendly.
The town of Kalkan is busiest during the tourist season, from April to October. At other times it is generally quieter compared to Kusadasi and North Cyprus.
Northern CyprusLocated south of Turkey's Mediterranean coast, the Turkish Republic of Northern Cyprus is a self-proclaimed state recognized only by Turkey. Located in northeastern Cyprus (which the rest of the international community considers part of it), it is a popular vacation destination for Europeans despite its complicated history.
They visit the country for its picturesque beaches, charming historical areas of Northern Cyprus such as Kyrenia, Iskele and Famagusta, and inexpensive hotels. Recently, waterfront homes have become an added attraction, Mr. Walker said. "As tourism has increased, there has been an increased interest in buying vacation properties here," he said.
North Cyprus real estate includes apartments in low and high rise buildings and townhouses in villages. Luxury villas located directly on or near the beach are also available.
The property prices, according to Mr. Walker, start at around $85,000 for sea-view studios in luxury buildings offering amenities such as swimming pools, gyms, Turkish baths, and tennis and basketball courts. "The amenities you get even for affordable housing are often above and beyond," he said.
In the upper price category, the cost of non-
Located south of Turkey's Mediterranean coast, the Turkish Republic of Northern Cyprus is a self-proclaimed state recognized only by Turkey. Located in northeastern Cyprus (which the rest of the international community considers part of it), it is a popular vacation destination for Europeans despite its complicated history.
They visit the country for its picturesque beaches, charming historical areas of Northern Cyprus such as Kyrenia, Iskele and Famagusta, and inexpensive hotels. Recently, waterfront homes have become an added attraction, Mr. Walker said. "As tourism has increased, there has been an increased interest in buying vacation properties here," he said.
North Cyprus real estate includes apartments in low and high rise buildings and townhouses in villages. Luxury villas located directly on or near the beach are also available.
The property prices, according to Mr. Walker, start at around $85,000 for sea-view studios in luxury buildings offering amenities such as swimming pools, gyms, Turkish baths, and tennis and basketball courts. "The amenities you get even for affordable housing are often above and beyond," he said.
In the upper price category, the cost of non-
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