Property investors looking to buy real estate in Turkey will be boosted by news that the destination offers new eco-developments.
UK-based property developer Galliard Homes and Turkish-based Signature International have decided to implement a joint venture which will see them build an eco-friendly project in the popular destination of Bodrum. The Horizon Sky resort is a stunning development residing on its own private beach, with fabulous apartments, penthouses and villas based in a small community with local amenities.
Daniel Dias, from Horizon Sky, said that new developments in Turkey are set to adhere to certain standards as Turkey has its eye on the bigger picture environmentally, addressing waste management and air pollution in its big cities, as part of its goal to joining the EU. He said that they have opted to exceed Turkish standards and instead emulate British standards. It's both the responsible and ethical thing to do.
Developer Cumberland Properties has made the forecast after Turkey defied the odds and increased its visitor numbers in 2009. Over 27 million tourists visited Turkey last year, with the figure representing a 2.8 per cent growth compared to 2008, Property Wire has reported.
Eric Kaya, director of Cumberland Properties, told the news provider that property prices are still hugely undervalued so there's an opportunity to make really substantial returns on investments in areas such as the Bodrum peninsula. He added that Property investors can benefit from the high rental income that their properties are fetching in an area that has just about everything.
Friday, July 30, 2010
Tuesday, July 20, 2010
Interest from holidaymakers is likely to last all year round
Property investors looking for the best place to buy in Europe should consider looking at the Turkish real estate as the interest in the country from holidaymakers is likely to last all year round.
According to the Turkish Culture and Tourism Office, the potential for winter and summer holidays in the destination will ensure that interest remains high. Irfan Onal, director of the UK office said that the naming of Istanbul as the European Capital of Culture has helped to bolster individuals' awareness of Turkey as a travel hotspot. He said that with many Mediterranean cruises stopping off there and with low-cost airlines servicing it, it is expected to attract many foreign visitors this year.
Today's Zaman stated that the province of Antalya, located along the Mediterranean coastline will experience temperatures of 23 degrees C. Tourists to the region are said to be enjoying the chance to experience some winter sunshine. According to Obeliks Investment Property, the country's winters might not be as warm as those enjoyed by its rival Egypt; its summer season is long and substantially cooler than its competitor. Furthermore, investment properties have risen as the country has garnered a reputation as top tourist destination.
Meanwhile, Tourism expert Dominic Whiting has described the country as "one of the premier yachting destinations in Europe", adding that a combination of good weather year round, low fees and "dramatic, unspoilt scenery" made it an ideal spot for cruise and yacht lovers.
In related news, Istanbul, Bodrum, Marmaris and Antalya are just some of the resorts that boast modern marinas, while four more marinas are being constructed or planned.
According to the Turkish Culture and Tourism Office, the potential for winter and summer holidays in the destination will ensure that interest remains high. Irfan Onal, director of the UK office said that the naming of Istanbul as the European Capital of Culture has helped to bolster individuals' awareness of Turkey as a travel hotspot. He said that with many Mediterranean cruises stopping off there and with low-cost airlines servicing it, it is expected to attract many foreign visitors this year.
Today's Zaman stated that the province of Antalya, located along the Mediterranean coastline will experience temperatures of 23 degrees C. Tourists to the region are said to be enjoying the chance to experience some winter sunshine. According to Obeliks Investment Property, the country's winters might not be as warm as those enjoyed by its rival Egypt; its summer season is long and substantially cooler than its competitor. Furthermore, investment properties have risen as the country has garnered a reputation as top tourist destination.
Meanwhile, Tourism expert Dominic Whiting has described the country as "one of the premier yachting destinations in Europe", adding that a combination of good weather year round, low fees and "dramatic, unspoilt scenery" made it an ideal spot for cruise and yacht lovers.
In related news, Istanbul, Bodrum, Marmaris and Antalya are just some of the resorts that boast modern marinas, while four more marinas are being constructed or planned.
Sunday, July 18, 2010
Turkish property investment could reach a new high in 2010
Turkish property investment could reach a new high as research shows that with a record number now owning property in the emerging European destination.
According to the land registry figures, Nearly 32,000 Brits now own real estate there and the market remains stable with no signs that interest in buying homes from overseas investors will fall in the future. European buyers have been drawn to Turkey thanks to its relatively cheap prices, low cost of living and accessibility from the UK.
The results of the survey, conducted by intotheblue.co.uk revealed that as many as 34 per cent of Brits were keen to emigrate within the next decade, with 86 per cent of them looking to move to a warmer climate and 18 per cent looking to reduce their cost of living. These make Turkey an ideal destination for those wanting to escape the severity of life in Britain. Furthermore, Turkey is the ideal destination for individuals who are looking to avoid the turbulent housing market in Spain. The latest figures from Standard and Poor's credit analysis has reported positively to Turkey's future thanks to the relative stability it experienced during the economic crisis.
And more good news is, Turkey has also been cited as a destination which will see considerable growth in its tourism market in the next few years, research company RNCOS announced.
According to the land registry figures, Nearly 32,000 Brits now own real estate there and the market remains stable with no signs that interest in buying homes from overseas investors will fall in the future. European buyers have been drawn to Turkey thanks to its relatively cheap prices, low cost of living and accessibility from the UK.
The results of the survey, conducted by intotheblue.co.uk revealed that as many as 34 per cent of Brits were keen to emigrate within the next decade, with 86 per cent of them looking to move to a warmer climate and 18 per cent looking to reduce their cost of living. These make Turkey an ideal destination for those wanting to escape the severity of life in Britain. Furthermore, Turkey is the ideal destination for individuals who are looking to avoid the turbulent housing market in Spain. The latest figures from Standard and Poor's credit analysis has reported positively to Turkey's future thanks to the relative stability it experienced during the economic crisis.
And more good news is, Turkey has also been cited as a destination which will see considerable growth in its tourism market in the next few years, research company RNCOS announced.
Saturday, July 17, 2010
Investment inflow to Turkey to pick up in 2011
Foreign direct investment (FDI) inflow to emerging countries in Europe is expected to increase by more than 40 percent in 2010.
According to Institute of International Finance (IIF) forecast, FDI inflow to emerging countries, including Turkey will receive 43 percent more FDI this year.Turkey's USD 18.2 billion of FDI received in 2008 lifted the country’s ranking to 20th from its previous 25th in the global FDI recipients’ list. The country is ranking 9th in the list of emerging countries. Zafer Caglayan, Turkey's Minister of State said Turkey attracted foreign capital worth more than USD 75 billion between 2003 and 2009. Caglayan emphasized that Turkey has also become successful in terms of foreign capital with its political and economic stability.
Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT) said that the flow of this year's foreign direct investments (FDI) to Turkey is expected to reach a level between USD 7-10 billion. He said that although the inflow of investments slowed during the last two years due to the global financial crisis, Turkey still managed to attract USD 7.6 billion of FDI even in a time of economic uncertainty.
Meanwhile, The Turkish Treasury issued incentive certificates for 348 investment projects worth TRY 3 billion 722.4 million in May. The investment incentive certificates for May were published in the Official Gazette and this will create a total of 10,950 jobs. This is expected to boost the house sale market.
Subscribe to:
Posts (Atom)