and there are plenty of owners from the home counties who decamp here every summer.” On a piece of coastline where there
are few other resorts – apart from next-door Kas – between Fethiye and Antalya, you certainly don’t just pass through this town by accident, and it is arranged, like an amphitheatre, around a crescent bay, set below the D400 highway. The Old Town grew up around a little harbour, and then people began to build houses up the hill and fringing the bay in both directions. Despite the fact that there are no decent beaches in Kalkan – there are some stunning ones if you hop in a car (Kaputas, pictured on page 31, and Patara) – the British started buying homes there around fi fteen years ago, and the property boom took off in 2002.
Since then, some 25 to 30 small
developments have been built a year, according to the agent Place Overseas, which says that demand is still strong for new-builds, and is dominated by the British.
High-end villas for discerning buyers “Land prices have actually gone up, so the price of new properties has hardly dropped, although there are defi nitely deals to be had amongst older properties,” says their man in Kalkan, Erkan Yalcinbas (
www.propertyturkeyforsale.com). “In Kalkan, we’ve seen a handful of
developers really raising the bar when it comes to high-end villas. There’s defi nitely a Kalkan style, and these properties are in big demand when it comes to holiday rentals.
“These developers are the Aykan Group, the Samira Group, Sade Construction and Ideal Property & Construction.” Rentals are certainly big in Kalkan,
with the bulk of its tourists preferring to stay in a villa than a hotel – and gross yields of above 10 per cent are not unusual in well-located, good- quality, skilfully marketed properties.
Great rental yields “Four-to-six per cent yields on villas –
based on a 16-week season – is reasonable, whereas apartments tend to be lower, at three-to-four per cent,” says Bridget Karaaslan, of Black Lion Property Services (sales and rentals,
www.2blacklions.com). So, while I encountered
several holiday homeowners
A new detached villa over three levels, with two sun terraces and four large ensuite bedrooms and an infi nity pool. Rental potential at up to £1,800 per week. For sale for £335,000 from Black Lion (
www.2blacklions.com)
This six-bed villa with views of Kalkan harbour has plenty of living space, spread over four fl oors and 600m2
from Place Overseas (
www.propertyturkeyforsale.com)
aplaceinthesun.com 33
. It comes fully furnished at £537,500
KALKAN
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