town of Marmaris is located at the meeting place of the Aegean Sea and the Mediterranean Sea, a harbour surrounded by pine-clad hills. It is Turkey's most sophisticated and multi-faceted holiday resort, which practically makes Marmaris real estate market an inviting world of hotels and apartments for leisure and business visitors. Marmaris has its own charm and an exceptional natural beauty, even though its traditional architectural tissue has been less vividly preserved when compared to other coastal towns. In exchange, Marmaris is a popular wintering location for hundreds of cruising boaters and tourists, also providing regular ferry services to the Greek island of Rhodes.

Considering the natural beauty of the city location, it goes without saying that tourism industry is the main source of income for Marmaris. But as usually, tourism goes hand in hand with a flourishing real estate industry, and Marmaris real estate market makes no exception. There are all sorts of Marmaris properties available, either for sale or for rental, from gorgeous villas, stone cottages to city central complexes of sunny duplex apartments. Investors don’t miss the opportunity to purchase prime development land overlooking beautiful picturesque areas, such as Orhaniye Bay, where even the famous Roman Abramovic decided to invest.

After joining the EU, Turkey experienced an evident economic growth, which particularly kick-started a boom in the Marmaris property prices. Even so, the Marmaris real estate market is comparatively much cheaper than housing markets like Spain, France, the US and Italy, formerly much preferred by jet-to-let investors. The option to “live and let” is certainly alluring to a lot of people, thanks to the binary possibility offered: use the property for some of the year yourself and let it out for the rest. That makes a Marmaris property seem a sound investment.

The foreign purchase of Marmaris real estate is widely supported by the Turkish government. The principles governing the purchase of property by non-Turkish individuals or companies, established back in 1934 through the Property Law, have been last amended in January 2006, bringing notable amendments especially with regard to size limitations. Essentially, the Properly Law is predicated on a reciprocity clause, allowing foreigners to buy properties only within municipality and no more than 25,000 sqm of land, constructed or not. For bigger land surfaces, the special consent of the Turkish Council of Ministers is required, which authorised to increase the limit up to 300,000 sqm per person provided that the foreign national ownership of real estate does not exceed 5/1000 of land in any designated province.

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Therefore, with such an investor-friendly governmental policy, it is easy to see why more and more foreign investors assault Marmaris real estate market, hoping to buy a bargain Marmaris property that would bring them healthy profit in the near future.


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