Kas Property Tips
Known as a stylish, rather bohemian town populated by artists and painters, Kas best suits those looking for a permanent home or a holiday home in a timeless town where anonymity is guaranteed. However, as far as permanent or holiday homes are concerned, at 168 kilometres from Antalya City it may be inconvenient for those, who hope for regular trips to major European airports, or for those with children who require schooling.
However, if you value your privacy and relish non-touristy spots, Kas may still be an option for retirees seeking a peaceful lifestyle.
Kas's popularity is rising significantly and your investment property's capital gain should see significant improvement before long as the upper-level buyers seek an area that is sophisticated and private. Kas's soon-to-be-completed marina will be the only one on this stretch of coast for miles, so expect an influx of well-heeled yachters. Kas's building restrictions mean the number of properties here remains finite, so the existing properties will rise in value as the area gains popularity.
A major advantage of Kas as a permanent home is its proximity to the Greek Island of Meis, just a 20 minute boat trip away, where expats can renew their 3 monthly residency visas for Turkey with ease as opposed to having to travel to a major city embassy in Ankara, Istanbul or Antalya.
In order to achieve a high return on one's Kas investment property, one should select WOW-factor villas, which offer privacy, unobstructed sea views and attributes such as unique design features, prime location, ample space, etc. Most such properties are located on Kas Peninsula and attract premium villa renters. On the left hand side of the peninsula, quality villas overlooking the Greek Island of Meis are highly sought after and on the right hand side of the peninsula, overlooking the marina, front-line villas with larger than standard plot sizes demand escalating purchase prices as well as rental premiums. We expect purchase prices and rental premiums to further escalate upon commencement of marina operations in 2011.
Kas also has several 'next-on' areas such as Yenikoy and Bayindir, where planning is now going through for developments. Parcels of land in these breathtaking districts of Kas; Yenikoy overlooking the town of Kas, Kas Peninsula and Greek island of Meis, and Bayindir nestled in a virgin valley overlooking Kasorama twin island in a tranquil inlet, are still exceptionally affordable, however, with planning imminent, prices will soar in the medium term.