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27 June 2007

A new development in Turkey

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by Kay Mitchell

A new development in Turkey

Recently, Turkey’s property market has been poor, terrorism and bird flu have restricted sales and the country may not be renowned for its extravagance but a new development called LaVanta is now underway.

LaVanta will comprise 158 homes overlooking the scenic, sophisticated Kalkan Bay. The developer, Kemer, is well-known to Turkish property investors as they have constructed a first-class, high-priced development near Istanbul. The homes sold for around £2.5 million and expats and well-off Turks benefit from the amenities which include a spa, gym, school and a PGA standard golf course.

Kalkan is unspoilt and an ideal base to discover the rustic villages and coastline which form much of the area. Kalkan is set in an isolated bay with cobbled streets and chai tea houses are next to chic restaurants.

Kemer plans to duplicate parts of the development at LaVanta, it will be a fully-gated resort and prices will start at £185,000. It is believed Turkey is a good investment, prices rose by 15% last year.

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