18th April 2007 10:23
Leading
London based firm Financial Dimensions, experts in real estate and project development, have committed to invest 200
million dollars in property developments in Turkey over the next years. Work is already underway in the first
location, Bodrum, with a fifty million dollar property construction project. The ‘Bay peninsula’
project, in partnership with Günyap Construction, will involve construction of 57 properties built on 90
thousand square meters of land.
Bodrum’s Bay Peninsula development is located on the side of
a mountain 160 metres above ground level with sea views and access to beaches. The property development will include
villas of varying size each with a swimming pool, which the company will rent out on behalf of owners when they are
not visiting, and apartments, ranging from 82 to 145 sq meters. There are also plans to build a spa, various
restaurants and a boutique hotel with a capacity of 70 guests. Staff are to be trained by Financial Dimensions one
year prior to opening to provide a range of exclusive services including housekeeping, concierge, and tailoring.
Investment in holiday property complexes has become an increasingly popular concept, with many
overseas property investors offering similar properties and services to buyers who want a holiday home they can make
money from during the rest of the year. The Bay Peninsula development’s success is guaranteed by 70% of
residences having been sold already, and will undoubtedly herald further property developments in Bodrum.
Turkey named 4th fastest developing property market - Recent
research places Turkey fourth in the list of most rapidly developing property markets. - 24th April 2007 09:28
Turkey's tourism encourages property investors - As one of Europe's
most buoyant emerging property markets, Turkey is experiencing an influx of foreign property investment. - 10th April 2007 08:59
Research shows Bodrum is investor's best bet - Recent research
carried out by Obelisk International, a major real estate company, has identified the Bodrum peninsula in Turkey as
the top investment location for 2007. - 3rd April 2007 09:40
Luxury housing projects take off in Turkey - Turkish press and real
estate institutions alike are full of the buzz of Turkey’s exclusive multimillion-dollar property projects,
which have revamped properties in a number of areas for the rich and famous. - 26th March 2007 09:15
Istanbul tipped to win European city of the year award - Although
Turkey has yet to join the European Union, Istanbul is considered as one of the favorites for the European City of
the Year 2007 award. - 23rd March 2007 17:33
Turkey's new mortgage market - February saw Turkey’s first
ever mortgage law approved in Turkish courts. - 22nd March 2007 09:58
Bodrum benefits from Turkey's tourism master plan - The popular
Aegean town of Bodrum and the Mediterranean holiday resort Alanya will be the beneficiaries of Turkey’s
tourism budget for 2007. - 13th March 2007 10:12
Property: Turkey's primary revenue? - The anticipated property boom
in Turkey is happening even faster than experts predicted, outstripping other sectors on economic growth. - 7th March 2007 09:21
Turkey's property market receives injection of corporate
investment - According to Turkish Daily News, global corporations such as Morgan Stanley, UBS, Deutsche Bank,
Alliance and Leicester, Credit Lyonnais, Scottish Widows, and Credit Suisse are looking to invest in Turkish
property as a means of diversifying their investment portfolio in a market with long term growth forecast. - 28th February 2007 11:10
