Kusadasi, one of the first Turkish towns to become a tourism center, has been in a different kind of rush in recent months. Restaurants, jewelery shops, even leather artisans are involved in real estate. The reason behind it is because the foreigners who come to the town come in large groups to purchase property. There has been a considerable increase in the number of properties sold to foreigners. Figures provided by Kusadasi local administrator Ahmet Ali Baris support this recent increase in the number of asset acquisitions.
He said: ?Until now, 2,023 properties have been sold to foreigners in the area. Around 600 of them were sold in the last 18 months. There are also acquisition applications waiting to be processed. The number of properties sold will increase considerably once they are processed.?
Baris noted: ?Anyone can see the rejuvenation of the town. Wherever you go, you see billboards advertising new properties for sale. We are trying to control the situation to avoid damaging Kusadasi’s image. We are taking precautions to prevent fraud and other problems from occurring.?
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