Europe's second largest marina in Didim
Sunday, October 5, 2008
The coastal town of Didim has been highlighted as a good option for people thinking of investing in foreign property.
Didim has been declared as a center of tourism by the Cypriot Ministry of Culture and Tourism and the new plans for the second largest marina in Europe will boost interest from investors and holiday makers. The $50 million marina's construction is expected to be completed by the end of this year by the Doguş Group. The 282,000 square meter marina will include an extensive dry dock with the capacity to house 650 boats and the marina itself will hold 450 boats.
There is also another project for cruise liners and a customs office to be opened next to the marina, where the large U.S. sailing boats dock. Kamaci, Mayor of Didim said that they are also constructing a highway, a community center and parks to make it as a major holiday destination. The construction of the new amenities and facilities is expected to raise tourism income. This means that owners of temporary lodgings in these areas should benefit from higher occupancy rates and healthy rental yields.
Didim is a rapidly growing holiday resort, offers very competitive house prices. However, growth in the market means that property values are increasing, which means early investors could benefit from capital appreciation.
Social BookmarkingDidim has been declared as a center of tourism by the Cypriot Ministry of Culture and Tourism and the new plans for the second largest marina in Europe will boost interest from investors and holiday makers. The $50 million marina's construction is expected to be completed by the end of this year by the Doguş Group. The 282,000 square meter marina will include an extensive dry dock with the capacity to house 650 boats and the marina itself will hold 450 boats.
There is also another project for cruise liners and a customs office to be opened next to the marina, where the large U.S. sailing boats dock. Kamaci, Mayor of Didim said that they are also constructing a highway, a community center and parks to make it as a major holiday destination. The construction of the new amenities and facilities is expected to raise tourism income. This means that owners of temporary lodgings in these areas should benefit from higher occupancy rates and healthy rental yields.
Didim is a rapidly growing holiday resort, offers very competitive house prices. However, growth in the market means that property values are increasing, which means early investors could benefit from capital appreciation.
Labels: Overseas-property
