Ozdere, the next Turkish hotspot

Property in a little known Turkish resort is being snapped up by the Turks who have spotted its potential before it lands on the international radar, according to an expert on the country.

Dominic Whiting, editor of the Buying in Turkey Guide, describes Ozdere as an undiscovered Mediterranean jewel where seaside apartments are on sale for £36,500.

They are being snapped up by Turkish families from Izmir, Turkey's third largest city, which is only about 40 miles away, according to agents.

So far the area has been ignored by the British and the Germans, who are the largest group of foreign investors in Turkey. Yet prices are up to 20% lower than in popular resorts like Altinkum and Kusadasi.

Ozdere is an excellent investment opportunity with good potential for capital growth. The local rental market is buoyant with good quality apartments in demand for long lets by Turkish families during the summer,' said Whiting.

It is located on a beautiful, unspoilt stretch of coast between the better-known Turkish resorts of Cesme and Kusadasi with mountains behind. There are over 24 miles of sand several beaches have won the coveted Blue Flag award.

'Only a few foreign buyers have discovered the area, which is one of the hidden jewels of the Turkish coast. Property prices are some of the lowest on the entire Turkish coast. It is still possible to buy a well built new apartment with good facilities within five minutes walk of the beach for as little as £36,500, he added.

According to local estate agents prices are creeping up as interest in Ozdere increases. 'Prices are among the lowest along this coast yet Izmir international airport is just 35 minutes away,' said David Cox of Property Frontiers. 'This part of the Turkish coast is a hot spot.'

It also has growing tourism figures. Efesus, an ancient city and Turkey's most extensive archaeological site and the House of the Virgin Mary are 15 miles from the town. There are many other fascinating ancient sites dotting the countryside around Ozdere.

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