- 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.
- 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%.
- 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.
- 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
- 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.
- 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
- Then to purchase the property, an investor
must sign the purchase contract and arrange
to make payment. These properties sold off-plan
& the early bird scheme is a simple &
secure.
About Blue Bay Heights
Blue Bay Heights have been designed by one of
the regions most prominent architects. This development
offers its owners a luxurious standard of living
and an exceptional quality of finish in an area
surrounded by multi-million euro villas. The location
maintains a year round population and a strong
domestic investment market for expensive property.
Some of the important
factors when considering investing in this
development include:
- Situated with a magnificant panoramic view,
this development immediately presents the Turkish
holiday dream.
- The real gains from this developments will
be in capital appreciation as Turkey's property
market booms, bearing in mind that the location
of this development is exceptional. Note that
the rental is optional to the investor who may
wish to keep the property privately for themselves.
- This complex is scheduled for completion
in December 2007, in line with local
regulations that prevent building work during
peak tourist season.
Cash Flow Projections - With
mortgages newly available to the market, and rental
returns possible on this development, a cash flow
analysis permits the buyer to quickly verify that
this property will be a valuable addition to any
investor's portfolio, or a tranquil retreat in
a location famous for its natural beauty!
Peak Holiday Season, Availability &
Prices - With the peak holiday season
just 3 weeks away, the advent of direct scheduled
flights from Dublin to Turkey with Turkish Airlines
(April 7th 2006), and EasyJet starting flights
from London to Turkey for £35 STG each way
in July, please contact your Astute Property International
representative for the most up to date availability.
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