Galata Inşaat launches Gocek projects
Friday, June 6, 2008
Out-of-town developments are identified to make the Turkey's property market more attractive. Galata İnşaat (Galata Real Estate Investment) in partnership with British companies will launch a new project in Gocek in southwest of turkey. Representatives from Galata İnşaat, anticipated that the project will draw more global and domestic capital to southern Turkey. Galata İnşaat also restores and rents out ancient buildings in Istanbul's Galata, Beyoğlu and Cihangir districts.
The company has kicked off two projects, one in Gocek Hills with 23 villas and the other is Vineyard Villas with 11 villas. They offer two types of villas in different sizes, the prices in Gocek Hills start from 420,000 euros. Vineyard Villas offers three alternatives of villas with different designs and prices starts from 325,000 euros.
Colin Mansell, marketing director of Atlas International, commented that the several out-of-town developments with low investment prices are on the rise which would result in better financial returns for property investors.
Sunseekers Altinkum said prices in some areas are rising by up to 25 per cent a year.
The firm stated that the property market is "on the rise" and Turkey offers a huge and dynamic domestic market to foreign investors
This comes after the recent figures from Investors Provident which revealed that British buyers currently own 12,000 properties in Turkey.
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The company has kicked off two projects, one in Gocek Hills with 23 villas and the other is Vineyard Villas with 11 villas. They offer two types of villas in different sizes, the prices in Gocek Hills start from 420,000 euros. Vineyard Villas offers three alternatives of villas with different designs and prices starts from 325,000 euros.
Colin Mansell, marketing director of Atlas International, commented that the several out-of-town developments with low investment prices are on the rise which would result in better financial returns for property investors.
Sunseekers Altinkum said prices in some areas are rising by up to 25 per cent a year.
The firm stated that the property market is "on the rise" and Turkey offers a huge and dynamic domestic market to foreign investors
This comes after the recent figures from Investors Provident which revealed that British buyers currently own 12,000 properties in Turkey.
Labels: New-developments, Villas
