Dear Investor,

On behalf of Egan and O'Connor Construction Ltd. (Ireland ) & Blue Bay Construction Ltd. (Turkey) we are delighted to introduce Blue Bay Apartments. We are confident offers our investors a fantastic investment opportunity, especially when one considers the investment value & potential in comparison to similar properties in the affluent Yalikavak area.

You can view the basic details at the following links, but if you wish to receive a brochure please ask your agent for a copy.

	Property Details Link		Price (£ STG)
	Ground floor 2 bed apartment		£ 59,000 (*88,000 euro)
	First floor 2 bed apartment		£69,000 (*103,000 euro)
	2nd floor 2 bed penthouse with 500 sq ft roof terrace		£82,000 (*€122,000 euro)
Note: Base price in Sterling. Euro prices provided for guideline only.

Why Invest in Turkey?
There is serious inward investment projected over the coming 10 years for the following reasons

1. Turkey was granted EU entry candidate status in Oct 2005, after 40 years of diplomatic efforts. Up to now the EU and Turkey already traded under the Hague convention & OECD rules. No country has ever been granted candidacy status and not eventually got full status no matter what the issues.
2. Finance for foreign property investors came in for the 1st time from September 2006. This is naturally expected to have a very positive impact on property values over the coming years. More domestic and foreign investors will be able to get involved in Turkish prioperty investment & further demand is widely anticipated. Terms include max 80% LTV; max term 20 years; €40,000 euro minimum loan;l 1 yr fixed rate at 6.1%.
3. Turkey is widely recognised, especially in the areas most popular with investors, as the country with the most advanced infrastructure. For example, there are 105 airports in Turkey.
4. The Turkish property investment market is driven by domestic and international investors. 2 of the top 30 world rich list are Turkish citizens. Furthermore, Turkey has experienced 26% growth in tourism numbers for the lat 3 years with 14 million 2003, 17 million 2004, and 21 million 2005. In relation to the Bodrum area
5. International access from mainland Europe to and from Turkey is well advanced and new routes are emerging all the time. Charter flights operate to Bodrum International airports from all the major Irish & UK airports from May to October. Outside the peak season one can avail of schedule flights with Turkish Airlines (www.TurkishAirlines.com) who this April 7th 2006 started a new route direct schedule flight from Dublin to Istanbul (Turkey's main hub) with 1 hour connections to Bodrum International airport (baggage auto transferred).

Several overseas property agencies will be working with us on the marketing and sales of these projects over coming weeks, so the reservation policy has to be as simple as first-come-first booked.

1. A reservation requires a signed reservation form and €3000 reservation deposit. This is naturally refundable for 14 day period during which time investors will have ample time to have legal checks etc. completed
2. Then to purchase the property, an investor must sign the purchase contract and arrange to make payment. These properties are finished & the early bird scheme is a simple & secure.