Turkey is top diving tourism destination
Tuesday, October 28, 2008
Turkey has carved a niche in diving tourism and diving in the Aegean and Mediterranean coasts has attracted diving enthusiasts from all over the world, according to a local newspaper.
The market share of alternative tourism destinations in Turkey has expanded in recent years. The Turkish Daily News reports that fall offers perfect weather conditions in Turkey's diving areas and from April to November the visibility would be up to 30 meters. The shores of Turkey is said to offer the most beautiful underwater scenes and the diving enthusiasts are attracted by the Reefs, walls, drop-offs and caverns along the Aegean and the Mediterranean coasts.
The publication further stated that two wrecked warships and a warplane were deliberately submerged last year in the Aegean district of Mugla which is regarded as a move to boost underwater tourism. Since then, 150,000 people have dived in Bodrum's waters to view the underwater artifacts and the historical wreckage. Marine life in Turkey's shores also attracts divers and nature lovers. The Turkish Underwater Federation aims to attract worldwide interest in diving tourism over the next decade. The growth in the tourist trade in Turkey would make property investment a profitable venture for overseas investors.
The Turkish Daily News listed the top diving locations to be Kalkan, Aladar, the Bebk and Minnos rock islets.
Social BookmarkingThe market share of alternative tourism destinations in Turkey has expanded in recent years. The Turkish Daily News reports that fall offers perfect weather conditions in Turkey's diving areas and from April to November the visibility would be up to 30 meters. The shores of Turkey is said to offer the most beautiful underwater scenes and the diving enthusiasts are attracted by the Reefs, walls, drop-offs and caverns along the Aegean and the Mediterranean coasts.
The publication further stated that two wrecked warships and a warplane were deliberately submerged last year in the Aegean district of Mugla which is regarded as a move to boost underwater tourism. Since then, 150,000 people have dived in Bodrum's waters to view the underwater artifacts and the historical wreckage. Marine life in Turkey's shores also attracts divers and nature lovers. The Turkish Underwater Federation aims to attract worldwide interest in diving tourism over the next decade. The growth in the tourist trade in Turkey would make property investment a profitable venture for overseas investors.
The Turkish Daily News listed the top diving locations to be Kalkan, Aladar, the Bebk and Minnos rock islets.
Labels: Tourism
ArkiPARC 2008 -first international property exhibition in Istanbul
Monday, October 13, 2008
People who are thinking of buying a foreign property have been advised that investing in Turkey could be highly profitable and Istanbul will host Turkey's first international property and architecture exhibition next month, in a move to further increase demand for property in Turkey.
ArkiPARC 2008, organised by Arkitera Architecture will be held at the Harbiye Istanbul on October 15-17. The event is supported by the Istanbul 2010 European Cultural Capital Agency, the Independent Architectural Platform and the Urban Land Institute.
The exhibition for the first time features The European Public Real Estate Association, USA based Portman Holdings and some of the world's leading architects including Nigel Dancey of London based Foster & Partners in Turkey. The property exhibition is considered to place Turkey firmly on the international property map. According to new reports, foreign investment in Turkey has grown significantly over the past five years. Already ten billion dollars (£5.5 billion) has been invested in the country since 2003 and the exhibition is expected to boost further influx of foreign investments.
One of the highlights of the exhibition will be the ArkiPARC Awards' Award Ceremony and there will be awards in three categories - real estate, architecture and construction. The main objective of the exhibition is to assess the gains of the property investments to the city, the purchasers and the investors.
Social BookmarkingArkiPARC 2008, organised by Arkitera Architecture will be held at the Harbiye Istanbul on October 15-17. The event is supported by the Istanbul 2010 European Cultural Capital Agency, the Independent Architectural Platform and the Urban Land Institute.
The exhibition for the first time features The European Public Real Estate Association, USA based Portman Holdings and some of the world's leading architects including Nigel Dancey of London based Foster & Partners in Turkey. The property exhibition is considered to place Turkey firmly on the international property map. According to new reports, foreign investment in Turkey has grown significantly over the past five years. Already ten billion dollars (£5.5 billion) has been invested in the country since 2003 and the exhibition is expected to boost further influx of foreign investments.
One of the highlights of the exhibition will be the ArkiPARC Awards' Award Ceremony and there will be awards in three categories - real estate, architecture and construction. The main objective of the exhibition is to assess the gains of the property investments to the city, the purchasers and the investors.
Labels: Exhibition, Investment-property, Istanbul
Cruise tourism boosts Mediterranean port of Antalya
The Turkish city of Antalya expects more tourists at least 120,000 European tourists by 2010, after their deal with a cruise operator, new reports suggest.
Mediterranean Port Management Company General Manager Efe Hatay told Anatolia news agency AA that the port will launch a new project to establish itself as a brand name in cruise tourism. According to Mr. Hatay, Port Akdeniz Antalya recently signed an agreement with Europe's leading cruise liner, AIDA, for 30 trips per season between the port and various European cities.
Hatay added that due to the deal, cruise liners 2,400 passengers capacity will travel to and from Antalya 30 times every summer season. 2,000 passengers will go aboard the ship every weekend, while another 2,000 will arrive in port and a total of 120,000 passengers a year. He also said that Poesea, which belongs to MCS, Europe's biggest cruise liner would arrive at Port Akdeniz Antalya for a trial run on Nov. 20. These projects are expected to make a significant contribution to Antalya’s economy as mainly wealthy European tourists travel on cruise liners. This should be good news for buy-to-let investors who depend on tourism to generate returns.
In related news, Antalya's container handling capacity also increased this year from the current 65,000 and will further be expanded to handle 85,000 containers. There are plans to increase the capacity to 200,000 containers in the next five years.
Social BookmarkingMediterranean Port Management Company General Manager Efe Hatay told Anatolia news agency AA that the port will launch a new project to establish itself as a brand name in cruise tourism. According to Mr. Hatay, Port Akdeniz Antalya recently signed an agreement with Europe's leading cruise liner, AIDA, for 30 trips per season between the port and various European cities.
Hatay added that due to the deal, cruise liners 2,400 passengers capacity will travel to and from Antalya 30 times every summer season. 2,000 passengers will go aboard the ship every weekend, while another 2,000 will arrive in port and a total of 120,000 passengers a year. He also said that Poesea, which belongs to MCS, Europe's biggest cruise liner would arrive at Port Akdeniz Antalya for a trial run on Nov. 20. These projects are expected to make a significant contribution to Antalya’s economy as mainly wealthy European tourists travel on cruise liners. This should be good news for buy-to-let investors who depend on tourism to generate returns.
In related news, Antalya's container handling capacity also increased this year from the current 65,000 and will further be expanded to handle 85,000 containers. There are plans to increase the capacity to 200,000 containers in the next five years.
Turkey will withstand market turmoil
Thursday, October 9, 2008
Turkey's prime minister has insisted that the country's economy is strong enough to withstand the current global economic turmoil.
Recep Tayyip Erdogan stated that the European nation has developed a highly robust and resilient economy in recent years, which means it should not be negatively affected by economic problems and can weather the storm as it is supported by strong economic fundamentals, reports the Turkish Daily News.
The markets were plunged into pandemonium when US investment bank Lehman Brothers collapsed. But Turkey is an attractive option for overseas property buyers as financial authorities in Turkey have recently reassured in its ability to withstand the current turmoil on the markets. The various fundamentals which support the market would make certain that the underlying value of property in the region will not go down. According to Aston Lloyd, Turkey offers very competitive house prices. However, in the last four years, house prices in Turkey are going up at a rate of about seven per cent per annum.
Mr Erdogan commented: "There is no systemic risk as a result of the fallout in international money markets as Turkey has enforced the macroeconomic infrastructure of its economy." Shelter Offshore reiterated prime minister’s views and said that the Turkish housing market is currently "buzzing" as a result of its favourable investment climate.
This comes after the predictions from Moneycorp that Turkey will attract a high level of interest from investors in places such as the UK, regardless of ongoing economic problems.
Social BookmarkingRecep Tayyip Erdogan stated that the European nation has developed a highly robust and resilient economy in recent years, which means it should not be negatively affected by economic problems and can weather the storm as it is supported by strong economic fundamentals, reports the Turkish Daily News.
The markets were plunged into pandemonium when US investment bank Lehman Brothers collapsed. But Turkey is an attractive option for overseas property buyers as financial authorities in Turkey have recently reassured in its ability to withstand the current turmoil on the markets. The various fundamentals which support the market would make certain that the underlying value of property in the region will not go down. According to Aston Lloyd, Turkey offers very competitive house prices. However, in the last four years, house prices in Turkey are going up at a rate of about seven per cent per annum.
Mr Erdogan commented: "There is no systemic risk as a result of the fallout in international money markets as Turkey has enforced the macroeconomic infrastructure of its economy." Shelter Offshore reiterated prime minister’s views and said that the Turkish housing market is currently "buzzing" as a result of its favourable investment climate.
This comes after the predictions from Moneycorp that Turkey will attract a high level of interest from investors in places such as the UK, regardless of ongoing economic problems.
Labels: Latest-news, Turkish-property
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
Bodrum peninsula attracts more holidaymakers
Thursday, October 2, 2008
Overseas investors who want to buy a rental property overseas have been encouraged to consider purchasing on the Turkish Aegean coast of Bodrum. The region is recommended to overseas property investors as Turkey's answer to St Tropez.
The unique features of Bodrum as a holiday resort is that it offers active recreational opportunities available during daytime and the unequaled Bodrum nightlife with many more relaxing bays and beaches are available to enjoy. The good weather is considered as one of the main reasons for its popularity among foreign nationals. The Financial Times has reported that the recent program about Bodrum peninsula on television's 'A Place in the Sun' programme has highlighted its attractiveness.
The sandy beaches, with plenty of sunloungers and umbrellas for sunbathing makes it popular for holidaymakers and families. The region provides the opportunity to experience traditional Turkish life only a few minutes away from the hustle and bustle of a modern tourist center and also the generally high quality of the holiday home developments in Bodrum makes it a pleasant and relaxed place to visit.
Lutfi Yigenoglu, governor of Mugla province, speaking to TurkishPress.com, stated that towns such as Bodrum and Fethiye are attracting more visitors this year. Figures from the Turkish Hotels Federation showed that the number of foreign arrivals went up by 15 per cent in the first half of 2008. The figures are welcome reading for people who own rental accommodation in Bodrum, as they suggest that demand for rental accommodations is growing significantly and resulting in higher rental yields.
Social Bookmarking
The unique features of Bodrum as a holiday resort is that it offers active recreational opportunities available during daytime and the unequaled Bodrum nightlife with many more relaxing bays and beaches are available to enjoy. The good weather is considered as one of the main reasons for its popularity among foreign nationals. The Financial Times has reported that the recent program about Bodrum peninsula on television's 'A Place in the Sun' programme has highlighted its attractiveness.
The sandy beaches, with plenty of sunloungers and umbrellas for sunbathing makes it popular for holidaymakers and families. The region provides the opportunity to experience traditional Turkish life only a few minutes away from the hustle and bustle of a modern tourist center and also the generally high quality of the holiday home developments in Bodrum makes it a pleasant and relaxed place to visit.
Lutfi Yigenoglu, governor of Mugla province, speaking to TurkishPress.com, stated that towns such as Bodrum and Fethiye are attracting more visitors this year. Figures from the Turkish Hotels Federation showed that the number of foreign arrivals went up by 15 per cent in the first half of 2008. The figures are welcome reading for people who own rental accommodation in Bodrum, as they suggest that demand for rental accommodations is growing significantly and resulting in higher rental yields.
Labels: Bodrum, Overseas-property, Rentals
