Not sure what responses you were looking for.
I guess what I am asking and hence the cyrstal ball reference - is having a property in this part of Turkey still a good investment?
It depends on what return you are looking for from your investment. If its an
emotional return, i.e. you enjoy having your place in the sun that you can use freely whenever you want, then yes, it is a good investment.
However, if its a
financial return you're looking for then personally I'd say no, it isn't a good investment. Generally speaking, property prices in the Fethiye area are far more stable than many others along the south/south west coast so you're not likely to make a significant loss when selling, you may even make a profit. What you wont do (again, just in general) is make a significant profit. Those days appear to be long gone although Turkey being Turkey, you never what's round the corner - which may work for you, or it may work against you.
You need to work out what is more important, the
emotional return or the
financial return.
Personally, over the past two years we've divested ourselves of all investments in Turkey bar one apartment in Karagozler. When they sort out the area where the boatyard is I believe it will increase the value of that property and if it's a significantl increase, there is a strong likelihood we'll off load that property also.
JF