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