Turkey Is The Place To Be For The New Year

Keen overseas investors and holiday-home buyers for early 2011 have been recommended to consider Turkey as an ideal location. The number of holidaymakers in Turkey is on the increase, particularly from the UK, due to the pound’s strength against the Turkish lira compared to the euro.

The three locations that were specifically mentioned were Bodrum, Dalaman and Altinkum, although Bodrum is widely known as the preferred destination of the three. With its stunning marina, sandy beaches and lively old-town, the Bodrum peninsula is especially popular due to the building restrictions that protect it from overdevelopment and its excellent investment potential, compared to other areas of Turkey.

However, with or without the beauty, glamour and character of Bodrum, all three destinations have inexpensive property with plenty of rental demand. Some developments, including renowned property developers Cumberland Properties, that operate on the Bodrum Peninsula, can also arrange and facilitate rentals.

Venturing further from Europe, Hurghada in Egypt and Tenerife in the Canary Islands were also noted as good investment prospects for 2010.

Earlier this month, international mortgage firm Conti identified Turkey as a fast-growing market, noting that 13 per cent of its mortgage enquiries so far this year concerned the country, making it the third most popular buyer destination. This figure was an increase in the 11 per cent total for 2008, Conti revealed.

Turkish Property Sales Rise By 24% In Q3 2009

Even though the real estate sector continues to feel the negative after effects of the global financial crisis and is expected to regain pre-crisis levels by as late as 2012, sales of property in Turkey rose by 24% in the first nine months of the year compared to the same period last year thanks to several incentives, Today’s Zaman reports, quoting Real Estate Investing Partners Association (GYODER) President Turgay Tanes as saying.

Delivering a speech at a press conference called to present the association’s recently released report on the sector, Tanes said that real estate in Turkey had been one of the sectors that was anticipated to have been hit most severely by the global financial crisis.

However, he noted, the sector saw a 24% rise in housing sales figures in the January -September period of 2009 over the same period of 2008.

The fact that demand for property in Turkey, both domestically and internationally, remains strong is partly fuelled by the burgeoning tourist industry and strong overseas investment in Turkey maintaining demand, consequently this will have helped to deflect the worst impact of the crisis and continues to underpin the market.

These figures are certainly bourn out by Cumberland Properties own experiences of sales of property in Bodrum for the period.

To a great extent the Bodrum peninsular remains immune from the negative effects of the crisis due to its preferred location. Unequivocally the favoured holiday destination both domestically and internationally the peninsular benefits from its designation as a protected area; the Turkish Ministry of Forestry and Agriculture has issued a White Paper that lays out specific guidelines limiting the density of construction in order to retain the authenticity of the Aegean and Mediterranean coastlines.

Buildings may only be 2 storeys high and must be whitewashed, maintaining the region’s authentic and picturesque identity. Furthermore, only 20% of the land in Bodrum can be built on, thus ensuring that its diverse range of wildlife together with its unique natural beauty will be protected for generations to come.

Cumberland Properties can further endorse these findings having already sold a number of properties at Woodland Regency in the first week of January 2010 and are currently experiencing a significant increase, over the same period last year, in enquiries for both property for sale in Bodrum and rentals in Bodrum, having already secured a number of reservations for the ever popular Seaview Regency Prestige

For further information on Yali Seaside Residence contact: Volkan

Source: ANSAmed.

Turkish Government And Local Municipalities Limit Density Of Construction

Turkey is learning from the mistakes of Spain by guaranteeing that its immaculate coastline remains unspoilt.

This is undeniably a crucial step on the way to Turkey becoming a principal destination for overseas buyers.

The Turkish Government has certainly decided that the Spanish construction approach is not their chosen method of development.

The measures that they have taken in restricting and regulating coastal construction will give Turkey a head start in the global market for property investors and holiday-home buyers.

Unlike Spain’s Costa del Sol, obstructed by towering architecture, the Bodrum Peninsula in Southwest Turkey is a protected area; buildings can only be two storeys high and must be whitewashed, giving the region an authentic and picturesque identity. Furthermore, only 20% of the land in Bodrum can be built on, thus ensuring that its exquisite range of wildlife and natural beauty will be protected for generations to come.

Other advantages of the area include the availability of affordable property, advances in tourism, a low cost of living and quality healthcare.

However, what really sets Turkey apart is the security of investment. The Spanish Government permitted the construction of resorts too close to the beach or on land that had not been acquired by the seller. The corruption involved provoked international outrage as people had entrusted their lifetime savings, only to find that some developments had been illegitimately constructed and were under serious threat.

Turkey is often compared to Spain more than 20 years ago; the coastline is intact and the beaches uncontaminated. Tourism is increasing yet building is restricted enough to enable the growth of coastal resorts without damaging the country’s natural beauty.

A White Paper has been issued by the Turkish Ministry of Forestry and Agriculture that sets out guidelines that intend to limit the density of construction and retain the authenticity of major tourist areas covering the Aegean and Mediterranean coastlines.

Cumberland Properties has been nationally recognised as a green company that operates in the Bodrum area. They own three developments on the Bodrum Peninsula, all of which are excellently located and proud to maintain the area’s nature and wildlife. The unique Woodland Regency development is set in the heart of a tranquil pine forest and the development was constructed around the trees; not a single one was damaged in the process. The exceptionally built villas and apartments are in extremely high demand. The development boasts two large, communal swimming pools, a golf putting area and outdoor playground, an exclusive spa and fitness area and 24 hour security.

Cumberland Landscaping & Design

Cumberland already have a fine reputation across the Bodrum Peninsular as a ‘green” developer in Turkey.

 But ever environmentally conscious and certainly not content to rest on our laurels (pardon the pun) we have expanded this side of our business. With the acquisition of an additional site, just south of Bodrum Milas Airport – keep an eye out for us beneath the “Cumberland Properties” sign on the right hand side of the main road as you travel south toward Bodrum – we will be able to better serve the local community.

 

This expansion has been fuelled, in part, by an increase in demand from other local developers and wholesalers who clearly envy our green fingers!

 

With the appointment of Gözde Tavaslı we aim not only to expand our business to cater for this sector of the market but also to extend our services into the wider community by the provision of a retail outlet.

 

Gözde will also be lending her services and considerable expertise by offering her services not only within Cumberland but also on a consultancy basis.

 

For more information contact: gozde@cumberlandproperties.net

         or visit: www.cumberland-properties.com

Turkey 5th Most Popular Holiday Destination

A newly published report by flight comparison service Skyscanner, compiled from its 7 million monthly UK visitors, lists Turkey amongst the Top 5 most searched holiday destinations - from UK airports - for 2010.

The data was compiled from the last quarter of 2009 when the majority of holidays are being planned for 2010 and provides an interesting insight into where the British plan to holiday this year. It is hoped a good number of visitors will go onto purchase property in Turkey.

Bodrum (BJV) ranked 15^th and Dalaman (DLM) 5^th over increasingly less popular Spanish destinations such as; Palma, Lanzarote, Gran Canaria, Barcelona, Murcia, Ibiza, Fuerteventura and Madrid - a number of which plummeted down the rankings.

Thomas Cook, TUI and easyJet have already announced increases to their services to Bodrum and Dalaman for 2010 to cater for the growth in demand.

Favourite Italian destinations such as Rome, Venice and Milan also saw their rankings slip.

Bodrum and Dalaman polled higher positions than even the most traditional European holiday destinations such as Faro (Portugal), Geneva (Switzerland), Paris and Nice (France), Amsterdam (Holland), Dublin (Ireland), Prague (Czech Rep.), Berlin and Munich (Germany), Salzburg (Austria), Crete (Greece) and Sofia (Bulgaria).

A major contributory factor could well be the strength of the Euro against the pound where the British in particular, when contrasted against their European counterparts, enjoy a beneficial rate when exchanging their pounds for Turkish Liras – more than doubling their money.

Turkey significantly attracted more interest as a holiday destination than Cyprus, Egypt, Morocco, Dubai and Malta.

Further afield, again Bodrum and Dalaman attracted more interest than New York and Las Vegas (USA), Bangkok (Thailand) and Kuala Lumpur (Malaysia).

Orlando however, polled 4^th position and is one the highest climbers compared to the same period last year, up 12 places. Travel Editor Sam Baldwin comments: “The rise in popularity of Orlando is primarily due to the new Harry Potter theme park opening in the spring. Other big movers include Johannesburg and Cape Town as the World Cup is just around the corner”. The top 3 positions remained unchanged.

Turkey emerged as a clearly favoured holiday destination for 2010 and is certainly continuing to build on its growing reputation as a cost effective alternative to traditional Spanish destinations.

Cumberland Properties can endorse these findings having already sold 2 properties at Woodland Regency in the first week of January 2010 and are currently experiencing a significant increase, over the same period last year, in enquiries for both property in Bodrum and rentals in Bodrum, having already secured a number of reservations for the ever popular Seaview Regency Prestige

Oh, and should you have the good fortune to be holidaying in Turkey during the world cup; fans of the beautiful game will be relieved to hear that their enthusiasm is shared by most Turks, so rest assured you won’t have to travel to far to find superb coverage of the event.

Source: Skyscanner

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