| ing between the Eastern and Western tradition, | | | | goes without saying that yachting and the tourism |
| Turkey is today one of the hotspots of Europe. The | | | | industry is the main source of income for Marmaris. In |
| Turkish Riviera, also known as "The Turquoise | | | | short, we can say that Marmaris has become |
| Coast", encompasses thousands of kilometers of | | | | “the Sailing Holiday Center of Turkey”. |
| shoreline, crystal clear waters, and it is literally strewn | | | | As is usually the case, tourism goes hand in hand with |
| with ancient cities, harbors, memorial tombs, beaches, | | | | a flourishing real estate industry, and Marmaris real |
| little coves, lush forests and streams. | | | | estate market is no exception. There are all sorts of |
| Purchasing properties located somewhere along the | | | | Marmaris properties available, either for sale or for |
| Turkish Riviera is becoming an increasingly profitable | | | | rent, from gorgeous villas, stone cottages to city |
| business with more and more home owners and real | | | | central complexes of sunny duplex apartments. |
| estate investors coming from around the globe. The | | | | Investors are keen to get the opportunity to |
| combination of a favorable climate, warm sea, the | | | | purchase prime development land overlooking |
| hospitality of Turkish People, and abundant natural | | | | beautiful picturesque areas, such as Orhaniye Bay, |
| and archeological points of interest makes this | | | | where even the famous Roman Abramovic recently |
| stretch of Turkey's coastline a popular destination. | | | | decided to invest. |
| One of the most important cities of the Turkish | | | | After starting talks with the EU, Turkey experienced |
| Riviera, Marmaris, which is on track to becoming one | | | | economic growth, which particularly kick-started a |
| of the top performing European real estate markets. | | | | boom in Marmaris property prices. Even so, the |
| Marmaris real estate offices are selling all kinds of | | | | Marmaris real estate market is comparatively much |
| property, including villas, apartments and houses, in | | | | cheaper than housing markets in Spain, France, the |
| addition to commercial properties and extensive land | | | | US and Italy, all of which were formerly much |
| areas. The sea and sun, nature and history, along | | | | preferred by jet-to-let investors. |
| with several top level marinas make Marmaris | | | | The option to "live and let" is certainly alluring to a lot |
| property appealing to jet-to-let investors, tourists, | | | | of people, thanks to the binary possibility offered: |
| and sailing lovers. | | | | use the property for some of the year yourself and |
| But still, what makes Marmaris real estate market | | | | let it out for the rest. That makes Marmaris property |
| such a potential money spinning investment? The | | | | such a good investment. |
| short answer contains several keywords: price and | | | | The foreign purchase of Marmaris real estate is |
| liberal legal framework on top and above the setting, | | | | widely supported by the Turkish government. The |
| beauty, and climate. | | | | principles governing the purchase of property by |
| The town of Marmaris is located at the meeting | | | | non-Turkish individuals or companies, established back |
| place of the Aegean Sea and the Mediterranean Sea | | | | in 1934 through the Property Law, were last |
| , a harbour surrounded by pine-clad hills. It is Turkey's | | | | amended in January 2006, bringing notable changes |
| most sophisticated and multi-faceted holiday resort | | | | especially with regard to size limitations. Essentially, |
| (see for more information). This makes Marmaris real | | | | the Property Law is predicated on a reciprocity |
| estate an inviting world of hotels and apartments for | | | | clause, allowing foreigners to buy properties only |
| leisure and business visitors. Marmaris has its own | | | | within municipality and no more than 25,000 sqm of |
| charm and an exceptional natural beauty, even | | | | land, constructed or not. For bigger land surfaces, the |
| though its traditional architecture has been less vividly | | | | special consent of the Turkish Council of Ministers is |
| preserved when compared to other coastal towns. In | | | | required, which authorised to increase the limit up to |
| addition, Marmaris is a very popular wintering location | | | | 300,000 sqm per person provided that the foreign |
| for hundreds of cruising boaters and tourists, also | | | | national ownership of real estate does not exceed 5 |
| providing regular blue cruise tours, yacht charters | | | | 1000 of land in any designated province. |
| combined with the Greek islands, diving tours and | | | | Therefore, with such an investor-friendly |
| daily tours to archeological sites.In addition to all travel | | | | governmental policy, it is easy to see why more and |
| services there are also ferry services from Marmaris | | | | more foreign investors have entered the Marmaris |
| to the Greek island of Rhodes. | | | | real estate market. |
| Considering the natural beauty of the city location, it | | | | |