Skywalk Fethiye, a new cable car project officially opened by Turkey’s President, is the talk of the town. Fethiye is already a well-known tourist destination, with many ex-pats settling there. Nonetheless, local expectations are that the Skywalk cable car will revitalize Fethiye.
Passengers will be transported from Oludeniz Beach to Babadag Peak using the Skywalk cable car. Many individuals who want to go paragliding already drive up to the top of the mountain. This nerve-wracking path, on the other hand, includes uneven roadways and hairpin curves. As a result, the cable car will make life easier for paragliders. Local tourism and real estate experts believe the cable car will further enhance Fethiye’s standing as a major tourist destination in Turkey. Take a look at where are Turkeys best beaches?
For 12 months of the year, the Skywalk Fethiye Cable Car Project will transport nature, hiking, paragliding, and animal observation enthusiasts, as well as day-trip tourists, to Babadag Mountain. The owners also claim that the Babadag peak will host national and international sports, nature, art, and music events and festivals owing to Skywalk. According to the project’s creators, Skywalk is a natural, modern, rapid, comfortable, and environmentally responsible way of transportation.
Health and safety regulations are paramount
The cable car meets transportation safety and environmental health regulations, and Skywalk will contribute to the economy by producing jobs. Regardless, we can’t deny the breathtaking sights that greet us. With 61 compartments and a seven-minute ride, the tower can transport 1 million tourists every year. The project has taken 30 years to complete, and residents are looking forward to the grand opening. Local tourism officials anticipate a surge in visitors once the Skywalk opens, as the cable car will lengthen the tourist season. Even so, its impact can already be felt in the property market.
What is Fethiye like?
Fethiye is a port city and region on Turkey’s Turquoise Coast in the southwest. The 4th-century B.C. Tomb of Amyntas, cut into a bluff overlooking the city, is notable for its natural harbour, beautiful waters, and numerous rock tombs. Day visits by boat to near-shore islands are standard. Butterfly Valley is a recognized nature reserve in the south, and a lagoon shelters the beach at Oludeniz.
Fethiye’s prospects in the housing market
Two things now drive Fethiye’s housing market. The first is Skywalk, which is meant to enhance tourism. The second reason is that several coastal towns in Turkey, such as Fethiye, increase homebuyers looking for detached villas to buy. They are mainly from Turkey’s major cities, where COVID infection rates are the highest. These purchasers want to move away from apartment living and into homes with private gardens and pools.
Rental potential in Fethiye
Property buyers do, however, desire all utilities and amenities, such as banks, shops, supermarkets, and schools, to be within walking distance. Fethiye checks all the boxes in this category. Similarly, the Skywalk project has elevated Fethiye to the top of the list for buy-to-let investors looking to profit from the tourism sector. In Fethiye, holiday rental properties can command upwards of £250 per week. Buy-to-let investors will have 52 weeks of possible maximum occupancy after Skywalk extends the tourism season to a 12-month operation.
Fethiye as a tourist destination
Fethiye is already high on the list of top foreign buyers’ destinations. Many are British, but other ethnicities, such as Europeans, are also present. The home market offers a healthy and prudent investment as more Turkish purchasers, especially those from Germany, take a personal involvement.
Many purchasers inquire about the property for sale in Oludeniz because the Skywalk cable car project begins there. However, because Oludeniz is legally protected and land is scarce for construction, property purchasers turn to adjacent Ovacik. The surge in demand is already driving up the price of flats and villas.