Investors are discovering that Turkey’s the place to go for an affordable home on the Mediterranean.
If you fancy escaping the unreliable British summer without travelling too far or finding yourself in the midst of mass tourism, the Turkish seaside town of Ozdere may be just what you are looking for.
This friendly Mediterranean resort is the best place to pick up a brand new seaside apartment for under £40,000.
Located on an unspoilt stretch of coast between the better-known Turkish resorts of Cesme and Kusadasi, Ozdere is little known by foreign tourists and property buyers. A popular holiday destination for middle-class Turkish families, it is a small and friendly place with a year-round population of just 13,500.
The town is backed by rugged pine-forested mountains and fringed by citrus orchards, but it is the excellent local beaches and hidden coves, with over 40km of sand to choose from, several of which have won the coveted Blue Flag award.
“Only a few foreign buyers have discovered the area, which is one of the hidden jewels of the Turkish coast. The resort has fantastic beaches but is very laid-back even in the height of summer and never gets too busy,” says Dominic Whiting, editor of the Buying in Turkey guide. “Property prices are some of the lowest on the entire Turkish coast. It is still possible to buy a well built new apartment with good facilities within 5 minutes walk of the beach for as little as £36,500.”
Without the attention of foreign buyers property prices have risen more slowly, and are currently 15-20 per cent lower than nearby resorts like Altinkum and Kusadasi.
However, there is strong and growing domestic demand for property in the area, which is popular with families from Izmir, Turkey’s third largest city, located only 60km away.
“Ozdere is an excellent investment opportunity with good potential for capital growth,” says Dominic, “The local rental market is buoyant with good quality apartments in demand for long lets by Turkish families during the summer.”