13th March 2007 10:12
The popular
Aegean town of Bodrum and the Mediterranean holiday resort Alanya will be the beneficiaries of Turkey’s
tourism budget for 2007. During a visit to Bodrum, the Minister for Culture and Tourism Atilla Koç, announced
that building a proper infrastructure for tourism in these areas would be a priority, and that plans for the Bodrum
city development would be finalized in May.
“We are making an attractive and pleasant city
plan for the Bodrum Peninsula and we want to establish a proper infrastructure system in Bodrum. The most pleasing
thing is to see the sensitivity of local authorities to the issue. We will do our best to restructure Bodrum in line
with the modern tourism city development plan,” said Koc.
Last year, Antalya's holiday
resort of Lara benefited from tourism revenues. This year, Bodrum and Alanya will receive “a large share from
this year's tourism revenues”. These projects are part of a general tourism master plan for Turkey, which
will expand the $6 billion revenue Turkey receives from tourism each year.
Turkey’s tourism
development will include renovation of the historic Gelibolu Peninsula. The area, famous for the heroism of Turkish
soldiers during the War of Dardanelle, 92 years ago, will be restored in a $50 million project called the Gallipoli
Peninsula Historic National Park Long-Term Development Plan.
Other projects are in the pipeline,
according to Koc: “There are 120,000 excavation sites in Turkey. Among them 40 were excavated by foreign
archaeologists and 80 by domestic specialists. However, the excavated sites are quite a small portion of the
determined overall archaeological sites in Turkey; further work awaits us.”
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
British company invests $200mn in Turkish developments - 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. - 18th April 2007 10:23
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
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
