Homes & Gardens Fethiye
   

Area Information

 

The beautiful region of Olu Deniz is located along the Mediterranean coast, with Fethiye, Ovacik and Hisaronu resorts being 3 of the most popular. The sun drenched beaches and strikingly blue sea are appealing to holiday makers all year round. Dalaman Airport serves this area, and there are many regular flights from all over Europe. East of Olu Deniz lies some of the best unspoilt coastline along the Turquoise Coast. Inland, there are miles of untouched countryside and rural villages to discover. Fethiye is a lively port and market town, with an attractive waterfront lined with cafes and bars. There are plenty of water sports available at nearby Calis beach, and many shops and market stalls selling wonderful souvenirs and food. Ovacik and Hisaronu are slightly further south, heading towards Olu Deniz, and are both sleepy villages, located 4 km from the coast. They are close to the lagoon beach at Olu Deniz, and dolmus transport is regular and reliable. There are plenty of bars, restaurants and shops, and the cool mountain air is refreshing on hot summer days. All 3 resorts have experienced considerable tourism growth in the past few years, making this a great location to invest in property.

The stunning Turkish coastline has an appeal to visitors, so much so that many people consider buying a second home in a resort that they have visited during a holiday in the area. Turkey offers the visitor a great welcoming service, fabulous food and reliably sunny weather, and both the beaches and regions further inland provide tourists with excellent conditions for an enjoyable stay. Turkey has more of an exotic feel to it than other popular second home locations, as well as a choice of airports and ports, excellent road systems and many familiar High Street brands. In addition, the cost of living in Turkey can be much less than in the UK, and this is at the top of many people's priorities, especially when looking for a retirement property. Before deciding on a particular location in which to invest, it is a good idea to visit the area, perhaps for a summer holiday at the height of the season, and make another visit during the low season or during the winter months, especially if you are planning to relocate permanently. A resort that is lively and active in summer may be completely closed down in winter, so it is sensible to experience it in all weathers. In addition, check out the availability of flights throughout the year, particularly if you plan to rent all year round, as this can affect your rental income prospects. Compare prices on various websites to understand what you can expect for your money.

There is a particular process involved when purchasing property in Turkey. Although a verbal agreement is the first step to take, the property will stay on the market until a reservation contract is signed and a reservation fee of around £2,000 is paid. A copy of the title deeds is then checked by your solicitor to establish whether planning permission is available. Following this, you must open a local bank account and register at the local tax office. Then a preliminary contract is drawn up and a deposit of around 10-30 percent of the agreed price is paid. The best way to buy a Turkish property is with cash, otherwise a Turkish mortgage can only be given if you are a Turkish resident.

With an increase in the number of tourists visiting Turkey between 1990-2005 of a massive 240 percent , and continuing to rise by around 20 percent per year, investing in a property along the Turquoise Coast is well worth consideration, with excellent returns expected on holiday rentals, as well as good resale potential. Take advantage of the great deals on a
cheap holiday in Olu Deniz and find your dream property.

 

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