Average Costs of Buying a Kalkan Villa on the Turkish Lycian Coast

If purchasing a Kalkan property on the Lycian Coast is on your agenda, let the property professionals at Property Turkey be your guide

Kalkan is one of the secret gems tucked away in the Turkish Mediterranean – an enclave of stunning coastlines, beautiful villas and exclusive beaches, far from the noise and crowds associated with the busier and better-known tourist destinations closer to the regional airports.

Purchasing a property in Kalkan is an ideal solution for buyers and investors looking for distinguished villas and a relaxed pace of life with a great deal of privacy. However, Kalkan is far from remote and offers a fantastic mix of local bars and vendors, the historic Old Town and famous Turkish hospitality.

Let’s look at the costs of buying a Kalkan villa, what to expect from life along the Lycian Coast, and the types of properties available to interested buyers, compiled by the experts from Property Turkey.

Evaluating the Property Market in Kalkan, Turkey

Best known as a place for luxury living, Kalkan enjoys a buoyant property market, with buyers coming from around the world to purchase their little piece of Turkey, from real estate investors, foreign buyers and those looking to relocate to the town over the long term.

Property prices in Kalkan remain highly accessible when compared to alternative overseas markets, making gorgeous villas with private pools and prestigious penthouses far more affordable than many buyers anticipate.

However, the exclusivity of the area and the high demand mean that prices per square metre are sometimes a little higher than in better-known regions. It is also important to note that the Kalkan municipality forbids the building of high-rise properties and skyscrapers – meaning demand often outstrips supply.

That said, the traditional architecture and heritage of Kalkan benefit enormously from this respect and preservation of the local culture, making it a town that is both prosperous and affluent, without any potential that the incredible sea views will be interrupted by developments.

Types of Properties and Villas Available in Kalkan

While there are no high rises in Kalkan, there is by no means a limited selection of properties! Villas are undoubtedly the most popular option, with many international buyers looking for spacious, detached villas with ample outdoor space – and, ideally, a private pool to cool off in the balmy summer heat.

Homes in Kalkan Bay are extremely popular within an area that is perceived as sophisticated and high-end, with excellent rental opportunities for investors who don't intend to live in Turkey year-round.

Alternative property types include:

• Stretches of land with unspoiled panoramic views of the surrounding mountains and coast, with options to create a self-build bespoke property while surrounded by green space for privacy and tranquillity.
• Bungalows, built in the traditional rustic style, are often used as holiday properties or second homes, and with modern amenities and conveniences cleverly concealed behind timber framing.
• Modern luxury new-build villas tend to be constructed in prime spots just metres from the sea and main road, styled with open plan living spaces, fully equipped kitchens, jacuzzis and lounge areas around the pool.
• Penthouses and duplexes offer the luxury of living in a serviced complex with facilities such as fitness centres, pools, private parking and gardens with excellent security for peace of mind.

Buyers can browse family homes, romantic coastal properties in secluded locations, modern villas and traditional architecture, all centred around the deep blue waters of the bay and the remarkable backdrop of the mountains in the distance.

Costs of Purchasing a Home in Turkey

In 2023 homes listed with Property Turkey cover a broad range of budgets and price points and provide a good overview of the typical property sales prices in this area. Some of the most competitively priced properties include two-bedroom apartments, each with two bathrooms, listed for between £130,900 and £229,000.

The average price per square metre for apartments of this size equates to roughly £875 to £1,908 – in contrast to selling prices in Istanbul, which are an average of £2,128 for city centre apartments.

At the upper end of the market, some of the most luxurious properties aimed at buyers with more generous budgets can fetch well in excess of £1 million. Property Turkey currently has several world-class villas that come fully furnished, based in the heart of Kalkan Old Town and with an unparalleled style that provides the best in Turkish living.

Our local property consultants will be happy to suggest these and other listings that are consistent with your budget and requirements.

Additional Costs and Property Purchase Fees to Account For

Areas such as Kalkan are more affordable than Istanbul, and it remains important to be conscious of other costs to include in your calculations before making an offer or proceeding with your property purchase.

Legal Fees

Most solicitors specialising in Turkish real estate transactions will charge up to £1,500 for their services, depending on any complexities, the timescales involved, and the nature of the work you would like them to complete on your behalf. Buyers should also budget for agency fees, which are a standard 3%.

Property Taxes

In Turkey, buyers pay a tax against property acquisitions, which is around 4% of the assessed valuation. The assessed value is not usually the same as the purchase price and is calculated by the tax authorities based on average construction costs in the area multiplied by the square meterage.

Relocation Costs

Your relocation costs will depend on whether you are bringing your belongings, are planning to live in Kalkan for part of the year or are purchasing a fully furnished property. 

Once your move is complete, whether you are buying a fully furnished family home or a rental investment property to use as a holiday home, life in Kalkan is yours to enjoy.

For more information about buying a Kalkan villa or properties in the town that match your search parameters, please browse our current listings via the Property Turkey website or get in touch to arrange a good time to talk.

Read more about Property Turkey – Getting a Taste of Turkey's Local Culture with Traditional Turkish Festivals and Events 

About Property Turkey: With 20+ years of experience in the Turkish real estate market, team Property Turkey are your experienced, friendly and independent overseas real estate consultants. Our head office is located in London, UK with regional operational offices in: Bodrum, Fethiye & Kalkan, Antalya and Istanbul.

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Source Company: https://www.propertyturkey.com/