Kusadasi property has experienced a resurgence of interest recently with the addition of some big name hotels and more cruise ship visits than ever before. This well established holiday resort town, with its sparkling waters and tiny islands, is definitely going places. Once upon a time, property in Kusadasi was considered low priced. However, rising prices all along Turkey’s coasts mean the Kusadasi real estate bargains are not as plentiful as they once were.
How much will you pay for holiday villas in Kusadasi?
You can still snap up older apartments from around Euro 45,000 and villas in Kusadasi from as low as Euro 80,000. These properties tend to in older cooperative style complexes and lack modern facilities, however, they certainly present the rock bottom bargain overseas buyer with an 'in' to Turkish homes market.
Modern Kusadasi property comes with a deserved premium. Compared to other Aegean resorts such as Bodrum, Kusadasi offers lower prices when buying property as well as lower cost of living. Most new built homes in Kusadasi include family facilities such as swimming pool and landscaped gardens. Modern villas in Kusadasi start at around Euro 125,000 and are generally tastefully appointed, either in small estates with shared pool and landscaped gardens, or on private plots. As in most coastal areas expect to pay more for the Kusadasi real estate that is located close to the shoreline.
Should you expect healthy rentals from Kusadasi houses?
Rental potential is good here, particularly if you own a coveted family villa. Expect rental returns of around 5-6%, potentially more if you own a high end Kusadasi property. Prices are rising at a rate of around 8% each year, and ongoing investment into the area’s infrastructure and tourist areas means this upward trajectory should sustain for a good few years.
Who buys Kusadasi property?
Kusadasi is extremely popular with UK holidaymakers and Germans, who make up a huge chunk of the region’s tourism. A large number of Germans have purchased holiday villas in Kusadasi, creating a close-knit expat community. Industry experts are watching Kusadasi’s development with bated breath - this resort town’s star is definitely on the rise and Kusadasi real estate is hitching a ride to success.