On the southern part of Turkey, jutting into the Mediterranean Sea on a peninsula is the small town of Kas. It is far from the crowded resorts and huge beaches that draw most of Turkey’s international tourists, but it is well known among a small, but growing group of international travelers and real estate investors.
Nestled about halfway between the international airports – and popular resort areas – of Dalaman and Antalya, Kas is a small fishing village that is slowly becoming a small resort. In recent years Kas has seen some growth in resorts and hotels, but it is still relatively unspoiled and has much to offer the investor. It is becoming the home to a number of high-end homes and is seen as an exclusive spot for overseas buyers. A recent article in the Times Online (www.timesonline.co.uk) notes that this area is setting design and construction standards for all of Turkey.
Maggie Handon, an English owner of a luxury villa near Kas is quite happy with her home, as quoted in the Times Online: “Turkey has a reputation for poor quality… But there’s nothing wrong with Turkish workmanship. It’s like any country – if you buy cheap, you get cheap. So we’ve really tried to raise the bar here.”
What is remarkable about this bit of unspoiled land along a spectacular coastline is that prices, though high for Turkey, aren’t anywhere near what they would be in other resort areas. It is possible to literally build the home of your dreams, as the Handons did, and still have money left over. Be it a second home or retirement villa, you can invest here and know you will get the most for your money.
As more and more investors realize the potential of Kas and Turkey, prices will rise and the bargains will be harder to come by.
