Overseas property news - Fethiye tops turkish rental destinations

Fethiye tops turkish rental destinations

Fethiye is the top rental market in Turkey, according to one agent.

"The Calis Beach area is a hot spot for British holidaymakers and has an established rentals market," explains Spot Blue International Property, ranking the colourful harbour town above other locations for foreign buyers looking for lettable opportunities.

Kalkan, Bodrum, Antalya and Istanbul complete the five hotspots.

Fethiye

At Calis Beach, British homeowners John and Lesley Carrington rent out six apartments, which form a boutique complex that includes a private pool, bar and their own three-bedroom villa. The apartments – two two-bedroom, four one-bedroom - let as a group booking can generate up to £2,000 a week, and annual occupancy is typically five to six months.

“We get large family bookings but also groups of retirees coming out of the main season and staying for three weeks at a time,” said Lesley. “We're just 12 minutes from the beachfront and a 10-minute dolmus ride from the Centre of Fethiye.”

Kalkan

Kalkan's stunning 'amphitheatre' setting within a bay, combined with its pretty old town and world-class selection of restaurants make it one of Turkey's more upmarket holiday destinations.

"Properties with a view are especially in demand," says Spot Blue.

Bodrum

Bodrums popularity with wealthy residents of Istanbul, as well as foreign visitors, make for a strong rental market. Indeed, it is home to a growing number of chic Bars and international hotel chains.

Quality two-bedroom apartments with sea views on the Bodrum Peninsula start from £60,000.

Antalya

Turkey's largest seaside resort, Antalya is both a lively tourist destination and busy, working city. As a province, Antalya welcomed 1.4 million foreign tourists between January and April this year - a 6.5 per cent rise on the same period last year.

The city's appeal goes beyond its shopping, nightlife, culture and beaches and includes being just 30 minutes from Belek, Turkey's golfing hub, and having an international airport. Spot Blue International Property says that two-bedroom apartments in Antalya start at £58,000.

Istanbul

Long weekenders from abroad, foreign holidaymakers or residential tenants, Istanbul offers all types of rental opportunities.

"Tourism in Istanbul is at all-time highs, and the city is also building its global status as a commercial and cultural hub, with positive knock-on effects for its lettings market," explains the agency.

Districts with affordable new buy-to-let opportunities include Bahcesehir, Essenyurt and Beylikduzu.

© www.propertyo.com All Rights Reserved.24 Jacks Place, Shoreditch, London, E1 6NN.
Terms & Conditions | Privacy Policy