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Rental Yields for your Kalkan property

Investing in a property to rent in Kalkan

As any property investor will tell you, uppermost in their mind is the return on investment they can expect. That return will be determined by the rental yield and any capital appreciation. Here we look at rental yields and share actual data rather than optimistic best guesses. The data is gathered from the rental portfolio of over 100 villas and apartments in The Turquoise Collection, our parent company.

Rental yield is a percentage that expresses income as a proportion of cost. In determining an accurate figure, you therefore need to know what your income and costs are likely to be.

Costs

These are relatively easy to determine, as most are fixed, with the exception of utilities dependant on property useage and any funding dependant on interest rate/ exchange rate movement.

All of the following costs should be included:

The acquisition cost of the villa or apartment you are proposing to buy.

The total buying costs of that property

Any funding costs on an annual basis.  For instance the amount of interest you will have to pay each year on the loan you take out to buy the property.

What income can you expect from Holiday rental?

The market for holiday rental in Kalkan is mature, and growing, however it is highly competitive with visitors becoming ever more discerning, and having access to more choice.  Choosing the right property and location are critical in ensuring your villa or apartment is competitive in a busy market.

But what is the right property and location?

We list some of the fundamentals here, but we invite you to contact us for a more detailed analysis on a specific property you are interested in;

1. Ease of walking access to Kalkan old town and the beach

2. Sea views, ideally from the swimming pool terrace and all balconies

3. Good quality Interior finishes, equipment and furnishing

4. As much privacy as possible

5. Good outside space that connects well with the living area