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