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Kusadasi, Turkey

Kuşadası is a resort town on Turkey’s Aegean coast and the center of the seaside district of the same name in Aydın Province. Kuşadası lies at a distance of 95 km (59 mi) to the south from the region’s largest metropolitan center of İzmir, and 71 km (44 mi) from the provincial seat of Aydın situated inland. Its primary industry is tourism. The district neighbours on the northeast to Germencik district, on the southeast to Söke district, on the west to the Aegean Sea, and on the north to Selçuk district.
Purchasing property in Turkey has become more popular with holiday home owners and investors around the globe. Several factors have contributed to the popularity and the trend displayed by foreign purchases and have had important repercussions within Turkey. The issue is especially notable given Turkey’s potential EU membership and the related economic integration processes. In 2003, property purchases were opened up to foreign nationals with restrictions on the provinces. When these restrictions were violated in 2005, the law was annulled by Turkish courts; despite this, property purchases continue. As of 2008, 63,085 individual properties have been sold to over 73,103 different foreigners. This amounts to 38,623,661 square metres (415,741,630 sq ft) of land, and US$10.4 billion of foreign investment, mostly by German, British and Polish citizens.

 

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