Bodrum Tipped As Double Rental Prospect

It has been stated that the Turkish Aegean Peninsula of Bodrum provides a dual incentive to investors.

Both buyers and investors hoping to rent out property can benefit from the fact that the area boasts both a domestic and an international market for tourist rentals.

This is due to the fact that the peninsula is the preferred Turkish holiday destination not only for the Turks but also by tourists visiting from Britain, Sweden, Denmark and Germany.

Hannah Gelbart of Cumberland Properties, a property developer that owns three developments within the Bodrum Peninsula, affirms that “more than 50% of our buyers come from Ankara and Istanbul.”

Bodrum has a great many attractions, including cultural and historic features such as Bodrum Castle and the remains of the Mausoleum, one of the seven wonders of the Ancient World. It is also famed for its stunning marina, whitewashed houses, narrow winding streets and elegant boutiques.

Furthermore, its Underwater Archaeological Museum that is housed in Bodrum Castle is recognised as the best of its type in the world. It was the wealth of marine artefacts recovered locally that originally inspired the commissioning of the museum.

Diving for antiquities remains a firm favourite amongst the more adventurous tourists. The area boasts a full range of water sports from a gentle paddle or a trip out on a pedalo – for the less adventurous – through to parasailing and scuba diving courses all that can be arranged locally.

Recent studies in and around the area have noted that crime rates are minimal, as indeed is the cost of living. English is widely spoken throughout the region. During the summer months you could almost be forgiven for thinking it was the first language.

English pounds sterling, Euros, Dollars and obviously Turkish Lira are all in circulation during the summer months and are readily accepted in most local shops and markets. Although be prepared to have your change given in Turkish Lira. The UK especially continues to benefit from superb exchange rates virtually doubling your money.

Bodrum has been recently tipped as one of Turkey’s property hotspots for buyers in 2010, along with fellow Turkish resorts Altinkum and Dalaman.

Things That Go Bump In The Night

A 200-year-old building that was under protection due to its historic value & located in Bodrum Gümüşlük district was knocked down in the night, authorities said.

Three people, a bulldozer operator & his two assistants, were taken into custody by gendarmerie forces for being involved in the incident.

The 90-square-meter house, which belongs to a Turkish tourism investor, was located in a 600-square-meter garden.

Neighbours called the gendarmerie hot line because the house was on the preservation list of the Cultural & Natural Heritage Conservation Board.

Gendarmerie officials learned at the scene that bulldozer operator Cengiz Kalman, who knocked down the building, did not have any authorization or license for the operation. “Two people came to me & asked me to knock down the house as they would start new construction,” Kalman said in his testimony. “They would pay us in the morning. We did not know who owned the house.” Kalman & his two assistants were later released by the court pending trial.

Ergun Berksoy, the owner of the house, had no information regarding the demolition & will press charges against the perpetrators, said Murat Duru, the head of a hotel owned by Berksoy. “Berksoy spends most of the year in the United States,” said Duru. “He was shocked to learn that the house had been knocked down. We have no idea who did it & why.”

Gümüşlük Mayor Mehmet Tire said it was not a municipal operation. “We did not order such a demolition, & even if we had done it, we would have done it during the daytime. I also wonder why they did this,” he said.

Source: http://www.hurriyetdailynews.com

Redesign For Notorious Torba Junction Bodrum

A junction named after a famous Turkish singer who died in a traffic accident at the same location three years ago will be reconstructed to prevent future accidents. Torba junction, located approximately 5 kilometres from Bodrum town centre, is now named Barış junction, after Barış Akarsu, who died there on June 29, 2007. In the last 3 years, 10 people have died there & 38 have been injured in traffic accidents.

“The construction of the new project prepared by the municipality will start tomorrow,” Bodrum Mayor told reporters at the municipal building.

“The project includes two underground tunnels for cars travelling to Torba, Gündoğan, Yalıkavak & Göltürkbükü. The project was already approved by local state authorities,” he said.

The goal is to create a project that will prevent traffic accidents involving both tourists & locals. “The project will be finished at the end of May,” he said. “I believe the reconstruction will put an end to traffic accidents at the junction.”

For more information visit: http://www.hurriyetdailynews.com

Things That Go Bump In The Night

A 200-year-old building that was under protection due to its historic value & located in Bodrum Gümüşlük district was knocked down in the night, authorities said.

Three people, a bulldozer operator & his two assistants, were taken into custody by gendarmerie forces for being involved in the incident.

The 90-square-meter house, which belongs to a Turkish tourism investor, was located in a 600-square-meter garden.

Neighbours called the gendarmerie hot line because the house was on the preservation list of the Cultural & Natural Heritage Conservation Board.

Gendarmerie officials learned at the scene that bulldozer operator Cengiz Kalman, who knocked down the building, did not have any authorization or license for the operation. “Two people came to me & asked me to knock down the house as they would start new construction,” Kalman said in his testimony. “They would pay us in the morning. We did not know who owned the house.” Kalman & his two assistants were later released by the court pending trial.

Ergun Berksoy, the owner of the house, had no information regarding the demolition & will press charges against the perpetrators, said Murat Duru, the head of a hotel owned by Berksoy. “Berksoy spends most of the year in the United States,” said Duru. “He was shocked to learn that the house had been knocked down. We have no idea who did it & why.”

Gümüşlük Mayor Mehmet Tire said it was not a municipal operation. “We did not order such a demolition, & even if we had done it, we would have done it during the daytime. I also wonder why they did this,” he said.

Source: http://www.hurriyetdailynews.com

Bodrum: Cultural Heart of Eastern Europe

Turkey, a country rich with exquisite cultural heritage, houses one of the seven wonders of the ancient world, the magnificent Mausoleum of Mausolus. The monument, situated in the stunning coastal city of Bodrum in southwest Turkey was impressively constructed to house the tomb of Mausolus, ancient ruler of Caria.

The name “Mausoleum”, describing the monument enclosing a burial chamber, actually originated from the original edifice in Bodrum. Its majestic, temple-like structure, decorated with reliefs and statuary on a massive base, stood resiliently for 1700 years until it was eventually devastated by earthquakes. Today, you can still visit the foundations and several pieces of sculpture that remain from the immense memorial.

Crusaders, arriving in Bodrum in the 15^th Century, transformed the remains of the Mausoleum into the remarkable Bodrum Castle. Still standing today, the stunning castle overlooks the harbour and the International Marina and visitors flock to the Museum of Underwater Archaeology that is accommodated in its grounds. As one of the finest examples of Crusader architecture in Eastern Europe, the stunning fortress hosts many cultural festivals throughout the year.

The Bodrum peninsula features a notably prevalent artistic and intellectual recent history, providing secondary residence to many artists, poets and singers. A variety of European expats have been attracted to the area due to its ideal climate, luxurious yet relaxed lifestyle and extremely high investment potential. As well as foreign investment, Turkish nationals are also eager to acquire holiday villas in the region and take part in the ever-popular leisure activities that Bodrum’s supreme location offers, including yachting, water sports and golf. The immense and heavenly coastline, with miles of beaches, bays and coves to discover, make every voyage peaceful and enjoyable.

Accessing the area is progressively easier since Bodrum boasts both an international and a domestic airport that receive daily flights from across Europe.

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