3rd April 2007 09:40
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. The area’s popularity with tourists is already well established with
around 70% of Turkey’s tourists visiting Bodrum, including various celebrities. When this is combined with a
promising emerging property market and increasing corporate investment, Bodrum ticks all the boxes for a sound
investment.
In the last few years real estate prices in Bodrum have stepped up by 50% as a result
of changes in tourism and real estate infrastructure by Turkish authorities. But property is still cheap by European
standards and highly affordable for overseas investors.
The buy-to-let market is growing fast,
propelled by increasing numbers of charter flights to the region and the Turkish government’s increased
tourism budget for the area. A new airport and two new marinas have recently been constructed and there are plans
for further developments and amenities. A winter tourism market is now evolving, offering winter activities and spa
hotels.
Bodrum has long been recognised as one of Turkey’s most upmarket holiday resorts,
encouraging foreign investors to buy holiday homes and retirement properties in the area.
The British
community has been growing over recent years with around 2,000 Britons relocating to Bodrum in the last six years.
Turkey is one of the most popular locations for property investment thanks to Turkey’s rapidly growing economy
and tourism industry. Experts predict that the market will continue to swell to become one of Europe’s most
lucrative and competitive property markets.
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
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
