Standing between the Eastern and Western tradition, Turkey is today one of the hotspots of Europe. The Turkish Riviera, also known as "The Turquoise Coast", encompasses thousands of kilometers of shoreline, crystal clear waters, and it is literally strewn with ancient cities, harbors, memorial tombs, beaches, little coves, lush forests and streams.
Purchasing properties located somewhere along the Turkish Riviera is becoming an increasingly profitable business with more and more home owners and real estate investors coming from around the globe. The combination of a favorable climate, warm sea, the hospitality of Turkish People, and abundant natural and archaeological points of interest makes this stretch of Turkey's coastline a popular destination.
One of the most important cities of the Turkish Riviera is Marmaris which is on track to becoming one of the top performing European real estate markets. Marmaris real estate offices are selling all kinds of property, including villas, apartments and houses, in addition to commercial properties and extensive land areas. The sea and sun, nature and history, along with several top level marinas make Marmaris property appealing to jet-to-let investors, tourists, and sailing lovers.
But still, what makes Marmaris real estate market such a potential money spinning investment? The short answer contains several keywords: price and liberal legal framework on top and above the setting, beauty, and climate.
The town of Marmaris is located at the meeting place of the Aegean Sea and the Mediterranean Sea, a harbour surrounded by pine-clad hills. It is Turkey's most sophisticated and multi-faceted holiday resort. This makes Marmaris real estate an inviting world of hotels and apartments for leisure and business visitors. Marmaris has its own charm and an exceptional natural beauty, even though its traditional architecture has been less vividly preserved when compared to other coastal towns. In addition, Marmaris is a very popular wintering location for hundreds of cruising boaters and tourists, also providing regular blue cruise tours, yacht charters combined with the Greek islands, diving tours and daily tours to archeological sites.In addition to all travel services there are also ferry services from Marmaris to the Greek island of Rhodes.
Considering the natural beauty of the city location, it goes without saying that yachting and the tourism industry is the main source of income for Marmaris. In short, we can say that Marmaris has become "the Sailing Holiday Center of Turkey".
As is usually the case, tourism goes hand in hand with a flourishing real estate industry, and Marmaris real estate market is no exception. There are all sorts of Marmaris properties available, either for sale or for rent, from gorgeous villas, stone cottages to city central complexes of sunny duplex apartments. Investors are keen to get the opportunity to purchase prime development land overlooking beautiful picturesque areas, such as Orhaniye Bay, where even the famous Roman Abramovic recently decided to invest.
After starting talks with the EU, Turkey experienced economic growth, which particularly kick-started a boom in Marmaris property prices. Even so, the Marmaris real estate market is comparatively much cheaper than housing markets in Spain, France, the US and Italy, all of which were formerly much preferred by jet-to-let investors.
The option to "live and let" is certainly alluring to a lot of people, thanks to the binary possibility offered: use the property for some of the year yourself and let it out for the rest. That makes Marmaris property such a good investment.
The foreign purchase of Marmaris real estate is widely supported by the Turkish government. The principles governing the purchase of property by non-Turkish individuals or companies, established back in 1934 through the Property Law, were last amended in January 2006, bringing notable changes especially with regard to size limitations. Essentially, the Property Law is predicated on a reciprocity clause, allowing foreigners to buy properties only within municipality and no more than 25,000 sqm of land, constructed or not. For bigger land surfaces, the special consent of the Turkish Council of Ministers is required, which authorised to increase the limit up to 300,000 sqm per person provided that the foreign national ownership of real estate does not exceed 5/1000 of land in any designated province.
Therefore, with such an investor-friendly governmental policy, it is easy to see why more and more foreign investors have entered the Marmaris real estate market.
Gurhan Ebren is a retired naval officer and currently runs El Paso Travels, a Marmaris travel agency specializing in yacht and gulet charters and cruises in Turkey. You can learn more about the blue cruises which visit Cnidus and other sites at http://www.elpasotravel.net/itinaries.htm |
More info on your stop foreclosure information search:
Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...
The US Housing Crunch And Its Effect On Miami Beach Real Estate
The city of Miami Beach epitomizes the active, lively South Florida lifestyle, with its healthy mix of sun, sand, lovely people, partying, and a wonderful array of water and outdoor sports activities. The city, which is situated across Biscayne Bay from Miami, is a burgeoning island city complete ...
more...
Find Out Now The Hottest And The Latest Information About Mallorca Properties For Sale!
Even if the Internet is filled with Mallorca properties for sale, finding the perfect property can be a real challenge for those who do not know how to use the advantages of this technology. A lot of people resort to real estate agents, being attracted by the wide variety of properties including ...
more...
Purchasing Ibiza Properties For Sale Online - Great Prices, Great Services!
Ibiza properties for sale represent interesting investment opportunities for many reasons, including the low European mortgage interest rates. The wide selection of Ibiza properties for sale appeals to a lot of people, the properties ranging from apartments, houses, luxury villas to off plan ...
more...
Purchasing Cyprus Property for Sale in Nicosia Makes Sense
What investor would not consider Cyprus property for sale in Nicosia when looking to buy or sell Cyprus property? Nicosia is the capital of Cyprus, and is a richly varied city in the most ideal of locations. While in Nicosia, take a stroll down the quaint streets of the old city, and take in the ...
more...
More on island houses for sale...