Sapanca Revisited

Lake Sapanca

Lake Sapanca

Last year, we did a few small blog pieces on the very much up and coming area of Sapanca Lake just two hours from Istanbul. Since then, as we predicted, demand for properties in the area has surged. New projects, catering to the lavish demands of GCC individuals are popping up throughout the region. Large villas in private compounds with ample green spaces, community and recreation centers and full security seem to be the property type of choice.

Lilimont has done extensive research and come up with what we feel is an ideal lifestyle, as well as investment choice.

 

Hillside villas

Hillside villas

VHSapanca Luxury is a joint Saudi-Turkish boutique Project that is scheduled for delivery in eaerly 2017. Financing is available through a leading Turkish financial institution and spans an installment period of 24-48 months. The high quality finish, lake and lagoon views, and the centrality of the project (15 minute walk to downtown Sapanca) makes his Project a bargain at approximately 1200 USD/ sqm. It is anticipated that off plan buyers will achieve a thirty percent appreciation by the time of delivery. Prices range from as low as 350,000 USD up to 750,000 USD for properties ranging in size from approximately 300 sqm to 650 sqm of internal with generous, private terraced gardens.

Inquire now with Lilimont for a brochure and specially secured early buyer discounts.

The Good Life in Verdant Sapanca

In my last blog piece I touched on the rising popularity of the Sapanca Lake region, becoming increasingly in favour with Istanbul property owners due to its proximity to Istanbul and its affordability.

Lake Sapanca

Lake Sapanca

Many Istanbulites, particularly the wealthy, are fond of second homes in addition to their property in Istanbul, but the coastal regions are not so accessible, particularly if it is for a short weekend sojourn.

Also, living in Istanbul can make you itch for some quiet and tranquility in green environs. For these reasons, Sapanca has come into focus very recently, particularly with the rise of several boutique villa projects, some being backed by money from the Middle East.

So, how far does your money go in Sapanca? Quite a way, to be sure.

We’ve been monitoring Sapanca for a few years now and found very attractive and spacious villas ranging in size from 150 sqm to 220 sqm imternally, with ample garden area.

great lake view property

great lake view property

The prices range for mid range from 150,000 USD to 275,000 USD, leaving lots of room for upward growth. There is likely to be many opportunities to short term let to group tourists. Of course, there are palatial villas as well, but we can say on average that the mid-range properties are in the 1250 – 1500 usd/ sqm range.

wonderful views

wonderful views

 

Luxury properties, in compounds (or clusters), with full security, tennis courts, swimming pools and all facilities imaginable can be double.

Some of the activities in the area are skiing in winter, nature walks, mountain biking, off-road 4×4 driving, picnic spots, horse riding, swimming and much more. One imagines it will not be long before a first class gold facility is launched. Local cuisine abounds in many of the large kebap houses and fish restaurants.

Blissful

Blissful

 

 

If you would like some information on properties in the area, please feel free to contact me.