Bodrum's first-ever luxurious shopping centre
Monday, July 13, 2009
The robust demand for shopping malls in Turkish metropolitan areas has made foreign investors focus on tourist centers and Inholte, the owner of the German LIP group is developing a unique luxury shopping centre in Bodrum, a Turkish centre of tourism.
Germany's LIP (Ludger Inholte Projekentwicklung) partnered by Bodrum businessmen in Atos Capital will construct a class a shopping mall. The project is planned to be completed in 2011, while it will cost USD 100 million worth of investment. The new mall, called Halikarnas Galeri, will bring luxury brands such as Louis Vuitton to Bodrum.
The enclosed shopping centre will encompass a total 78,000 meter-square area and will be Bodrum's first-ever luxurious shopping centre. Bodrum already has one large shopping centre, Oasis, which also operates as an entertainment complex with its multiplex cinema, bowling alley, bars and restaurants.
According to Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT), the newly granted incentives will trigger brand new investments and they have been prepared for the first time in Turkey based on an industry analysis. Under the terms of the new incentive law, around TRY 50 million – TRY 1 billion will be invested in 12 sectors.
In related news, Russian businessmen made hotel investments in the past and newly permitted investments are on the way. Mihail Prohorov, one of the world's richest men, who ranked the first in Russian billionaires list last year, will construct a seven-star hotel in Cesme district of the Aegean province of Izmir, according to reports.
Social BookmarkingGermany's LIP (Ludger Inholte Projekentwicklung) partnered by Bodrum businessmen in Atos Capital will construct a class a shopping mall. The project is planned to be completed in 2011, while it will cost USD 100 million worth of investment. The new mall, called Halikarnas Galeri, will bring luxury brands such as Louis Vuitton to Bodrum.
The enclosed shopping centre will encompass a total 78,000 meter-square area and will be Bodrum's first-ever luxurious shopping centre. Bodrum already has one large shopping centre, Oasis, which also operates as an entertainment complex with its multiplex cinema, bowling alley, bars and restaurants.
According to Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT), the newly granted incentives will trigger brand new investments and they have been prepared for the first time in Turkey based on an industry analysis. Under the terms of the new incentive law, around TRY 50 million – TRY 1 billion will be invested in 12 sectors.
In related news, Russian businessmen made hotel investments in the past and newly permitted investments are on the way. Mihail Prohorov, one of the world's richest men, who ranked the first in Russian billionaires list last year, will construct a seven-star hotel in Cesme district of the Aegean province of Izmir, according to reports.
Labels: Bodrum, Infrastructure
Beach front property could be a top investment in 2009
Saturday, July 4, 2009
The Turkish beach front properties could be in for a boost as British buyers head to the country looking for cheaper homes and refuge from exchange rate hits.
According to Hurriyet, Beachfront properties in Turkey could prove a decent low cost investment as the country has replaced Spain as the most popular destination Brits this year. The news follows a raft of recent discounts announced on Turkish properties as Turkish builders are now prepared to slash prices, with some beach front properties in the Bodrum area originally listed at around $300,000 now available with $44,000 off. Elsewhere, Cumberland Properties is offering Seaview Regency Prestige villas with three-storey, three-bedroom villas costing from £175,000 ($248,212).
The Institute for Public Policy Research says one in eight British people over 55 will be living abroad by 2010, but many will be avoiding traditional markets like Spain, according to dailymail reports. Instead development hubs like Bodrum in Turkey look likely to attract investment and retirement home buyers.
Adam Samuel, of property portal Nubricks, explained that the country is much cheaper than most countries in the south-east of Europe, something that may entice people to invest in properties in Bodrum. Property buyers may be keen to take advantage of low prices and the possibility of gains if the country joins the EU in the next few years.
Social BookmarkingAccording to Hurriyet, Beachfront properties in Turkey could prove a decent low cost investment as the country has replaced Spain as the most popular destination Brits this year. The news follows a raft of recent discounts announced on Turkish properties as Turkish builders are now prepared to slash prices, with some beach front properties in the Bodrum area originally listed at around $300,000 now available with $44,000 off. Elsewhere, Cumberland Properties is offering Seaview Regency Prestige villas with three-storey, three-bedroom villas costing from £175,000 ($248,212).
The Institute for Public Policy Research says one in eight British people over 55 will be living abroad by 2010, but many will be avoiding traditional markets like Spain, according to dailymail reports. Instead development hubs like Bodrum in Turkey look likely to attract investment and retirement home buyers.
Adam Samuel, of property portal Nubricks, explained that the country is much cheaper than most countries in the south-east of Europe, something that may entice people to invest in properties in Bodrum. Property buyers may be keen to take advantage of low prices and the possibility of gains if the country joins the EU in the next few years.
Bodrum Turkbuku is set to benefit from a new marina
Wednesday, March 11, 2009
The Mayor of Bodrum Turkbuku town Halil Ibrahim kaynar announced that the town will build a new 600-yacht-capacity marina, which could boost tourism in the region.
Kaynar said that the marina will cost approximately $30 million and its construction will last for two years.
He commented: "Turkbuku is a popular place for many important names from the art, sport and business industries. The new marina will be built in European standards and when it is completed, the tour district will gain more importance," he said. The mayor added that the project, which will use the build-operate-transfer model, will also host a space for fishing boats and the marina project has strengthened the position of the on-going Urban Design Project.
Bodrum has already been pronounced as a tourism centre by the nation's Ministry of Culture and Tourism and it is hoped this new development will boost interest from holidaymakers. Gunduz Nalbantoglu, chairman of the Bodrum Chamber of Maritime Trade said that the Bodrum Peninsula already has three marinas working at full capacity. A fourth marina will be good for the district.
Commenting on Bodrum, the Sun newspaper said: "property prices have increased recently as the peninsula has realized its potential for tourism". The publication suggested that Bodrum peninsula could provide a lifetime investment, especially since it had the potential to be more lucrative than a purchase in the UK.
Social BookmarkingKaynar said that the marina will cost approximately $30 million and its construction will last for two years.
He commented: "Turkbuku is a popular place for many important names from the art, sport and business industries. The new marina will be built in European standards and when it is completed, the tour district will gain more importance," he said. The mayor added that the project, which will use the build-operate-transfer model, will also host a space for fishing boats and the marina project has strengthened the position of the on-going Urban Design Project.
Bodrum has already been pronounced as a tourism centre by the nation's Ministry of Culture and Tourism and it is hoped this new development will boost interest from holidaymakers. Gunduz Nalbantoglu, chairman of the Bodrum Chamber of Maritime Trade said that the Bodrum Peninsula already has three marinas working at full capacity. A fourth marina will be good for the district.
Commenting on Bodrum, the Sun newspaper said: "property prices have increased recently as the peninsula has realized its potential for tourism". The publication suggested that Bodrum peninsula could provide a lifetime investment, especially since it had the potential to be more lucrative than a purchase in the UK.
Labels: Bodrum, Infrastructure
Bodrum has become Turkish Monaco
Monday, January 5, 2009
Accrording to the Daily Express travel writer Andrew Eames went on to highlight many of the attractions of Bodrum, such as its restaurants and nightlife. He said that visitors would also be able to enjoy a range of leisure activities such as water sports and it has a fabulous harbour.
Commenting on the area, Mr. Eames said: "Bodrum is increasingly popular with year-round tourists, it has its own airport and has become the Turkish Monaco with extensive nightlife, designer retailing and ever-increasing numbers of up-market hotels."
The Sun newspaper has reported that the region offers both financial and lifestyle benefits to overseas buyers, such as its good climate and growing tourist market. As a result of the increased visitor numbers, property values are going up recently as the peninsula has realized its potential for tourism. The publication suggested that the area could provide a lifetime investment, especially for people who own rental accommodation in Bodrum, as the demand for temporary lodgings is growing significantly.
Dominic Whiting, editor of the Buying in Turkey property guide has recently recommended Bodrum to investors by, who said it was a "mecca" for holidaymakers from across Europe.
Social BookmarkingCommenting on the area, Mr. Eames said: "Bodrum is increasingly popular with year-round tourists, it has its own airport and has become the Turkish Monaco with extensive nightlife, designer retailing and ever-increasing numbers of up-market hotels."
The Sun newspaper has reported that the region offers both financial and lifestyle benefits to overseas buyers, such as its good climate and growing tourist market. As a result of the increased visitor numbers, property values are going up recently as the peninsula has realized its potential for tourism. The publication suggested that the area could provide a lifetime investment, especially for people who own rental accommodation in Bodrum, as the demand for temporary lodgings is growing significantly.
Dominic Whiting, editor of the Buying in Turkey property guide has recently recommended Bodrum to investors by, who said it was a "mecca" for holidaymakers from across Europe.
Labels: Bodrum, Life-style
Call for governance change may boost property market in Bodrum
Sunday, December 28, 2008
Call for governance change in Bodrum region may result in boosting the local property market, according to experts.
Mazlum Agan, Bodrum's mayor from the Republican People's Party has said that booming tourism in various towns on the Bodrum Peninsula has meant that this would be more easily managed if one authority was dealing with them, rather than several, Hurriyet reports.
Commenting on the news of Bodrum to become a metropolitan authority, he said: "The potential problems can be rectified by uniting under the same roof as the Bodrum Metropolitan Municipality." This development would help the Bodrum property market by helping to bring about a better local infrastructure.
Zoe Dare Hall in the property section of the Mail has written that Increasing disillusionment with high prices in Spain is driving buyers away from the costas to Bodrum region where properties are cheap and they can still buy new-build holiday apartments from £35,000. Already some 22,000 Brits have bought properties in Turkey. And that Turkey is becoming the destination of choice for a growing number of tourists.
Ms Dare hall comments: 'Bodrum is Turkey's Marbella, catering as much to the elite as the mass market. It-s where the jet set come to party.'
Social BookmarkingMazlum Agan, Bodrum's mayor from the Republican People's Party has said that booming tourism in various towns on the Bodrum Peninsula has meant that this would be more easily managed if one authority was dealing with them, rather than several, Hurriyet reports.
Commenting on the news of Bodrum to become a metropolitan authority, he said: "The potential problems can be rectified by uniting under the same roof as the Bodrum Metropolitan Municipality." This development would help the Bodrum property market by helping to bring about a better local infrastructure.
Zoe Dare Hall in the property section of the Mail has written that Increasing disillusionment with high prices in Spain is driving buyers away from the costas to Bodrum region where properties are cheap and they can still buy new-build holiday apartments from £35,000. Already some 22,000 Brits have bought properties in Turkey. And that Turkey is becoming the destination of choice for a growing number of tourists.
Ms Dare hall comments: 'Bodrum is Turkey's Marbella, catering as much to the elite as the mass market. It-s where the jet set come to party.'
Labels: Bodrum
Bodrum peninsula attracts more holidaymakers
Thursday, October 2, 2008
Overseas investors who want to buy a rental property overseas have been encouraged to consider purchasing on the Turkish Aegean coast of Bodrum. The region is recommended to overseas property investors as Turkey's answer to St Tropez.
The unique features of Bodrum as a holiday resort is that it offers active recreational opportunities available during daytime and the unequaled Bodrum nightlife with many more relaxing bays and beaches are available to enjoy. The good weather is considered as one of the main reasons for its popularity among foreign nationals. The Financial Times has reported that the recent program about Bodrum peninsula on television's 'A Place in the Sun' programme has highlighted its attractiveness.
The sandy beaches, with plenty of sunloungers and umbrellas for sunbathing makes it popular for holidaymakers and families. The region provides the opportunity to experience traditional Turkish life only a few minutes away from the hustle and bustle of a modern tourist center and also the generally high quality of the holiday home developments in Bodrum makes it a pleasant and relaxed place to visit.
Lutfi Yigenoglu, governor of Mugla province, speaking to TurkishPress.com, stated that towns such as Bodrum and Fethiye are attracting more visitors this year. Figures from the Turkish Hotels Federation showed that the number of foreign arrivals went up by 15 per cent in the first half of 2008. The figures are welcome reading for people who own rental accommodation in Bodrum, as they suggest that demand for rental accommodations is growing significantly and resulting in higher rental yields.
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The unique features of Bodrum as a holiday resort is that it offers active recreational opportunities available during daytime and the unequaled Bodrum nightlife with many more relaxing bays and beaches are available to enjoy. The good weather is considered as one of the main reasons for its popularity among foreign nationals. The Financial Times has reported that the recent program about Bodrum peninsula on television's 'A Place in the Sun' programme has highlighted its attractiveness.
The sandy beaches, with plenty of sunloungers and umbrellas for sunbathing makes it popular for holidaymakers and families. The region provides the opportunity to experience traditional Turkish life only a few minutes away from the hustle and bustle of a modern tourist center and also the generally high quality of the holiday home developments in Bodrum makes it a pleasant and relaxed place to visit.
Lutfi Yigenoglu, governor of Mugla province, speaking to TurkishPress.com, stated that towns such as Bodrum and Fethiye are attracting more visitors this year. Figures from the Turkish Hotels Federation showed that the number of foreign arrivals went up by 15 per cent in the first half of 2008. The figures are welcome reading for people who own rental accommodation in Bodrum, as they suggest that demand for rental accommodations is growing significantly and resulting in higher rental yields.
Labels: Bodrum, Overseas-property, Rentals
Buy now before the phase 2 prices rise in Meltemi Residences, Bodrum
Wednesday, July 9, 2008
The fully furnished apartments in the Bodrum coast in Turkey offer you high quality with all the comfort of a holiday home, with prices starting from just £33,352.
The beautiful one to three-bed beach apartments at Meltemi in Gulluk all have terraces from where you can soak in the breathtaking views of the Aegean coast and is only a short walk from the unspoilt white sandy beach and warm turquoise sea.
The apartments have been planned to the highest quality specification throughout and outstanding orientation ensuring maximum amount sunlight. Top quality fixtures and fittings including Ceramic tile flooring throughout the property interiors, American panel doors, tiled bathrooms and fully furnished kitchen
-initial reservation deposit £500
-4% discount available for 80% of payment within two weeks of signing the contract
-1 bed £38,352, 2 beds £46,750 and 3 beds £56,750
The beautiful one to three-bed beach apartments at Meltemi in Gulluk all have terraces from where you can soak in the breathtaking views of the Aegean coast and is only a short walk from the unspoilt white sandy beach and warm turquoise sea.
The apartments have been planned to the highest quality specification throughout and outstanding orientation ensuring maximum amount sunlight. Top quality fixtures and fittings including Ceramic tile flooring throughout the property interiors, American panel doors, tiled bathrooms and fully furnished kitchen
It has all the extras property purchasers could want restaurants, cafes, supermarket, swimming pools with various water attractions. There are also childrens playgrounds, beauty and medical centers, a fitness club, sauna and tennis court. The developers have said that there is only limited number of apartments left at phase 1 prices.Meltemi Residences offers buyers a competitive payment schedule as follows
-initial reservation deposit £500
-4% discount available for 80% of payment within two weeks of signing the contract
-1 bed £38,352, 2 beds £46,750 and 3 beds £56,750
Labels: Bodrum, New-developments, Property-prices
Bodrum offers good value to investors
Saturday, June 7, 2008
The Turkish peninsula of Bodrum has been highlighted as a good option for property buyers thinking of investing in foreign property by the Sun newspaper.
The newspaper has reported that Bodrum region offers both financial and lifestyle benefits to foreign buyers, such as its fabulous Mediterranean climate and booming tourist market. The property values are going up across the peninsula due to increased number of tourists, which is located in south-west Turkey. The publication predicted that the Bodrum region could provide a lifetime investment, particularly since it had the potential to be more lucrative than a property purchase in the UK.
The governor of Mugla region in an interview to TurkishPress.com stated that Bodrum and Fethiye are set to attract more tourists this year. The increase in the number of tourists is good news for owners of rental accommodation in places such as Bodrum, as it means that property is in strong demand among tourists.
Therefore, property owners are set to collect high returns from their investment, particularly as the demand has a positive impact on house prices in the region.
According to the UK-based newspaper the Independent, house prices in the country went up by 20 per cent in 2007.
Social BookmarkingThe newspaper has reported that Bodrum region offers both financial and lifestyle benefits to foreign buyers, such as its fabulous Mediterranean climate and booming tourist market. The property values are going up across the peninsula due to increased number of tourists, which is located in south-west Turkey. The publication predicted that the Bodrum region could provide a lifetime investment, particularly since it had the potential to be more lucrative than a property purchase in the UK.
The governor of Mugla region in an interview to TurkishPress.com stated that Bodrum and Fethiye are set to attract more tourists this year. The increase in the number of tourists is good news for owners of rental accommodation in places such as Bodrum, as it means that property is in strong demand among tourists.
Therefore, property owners are set to collect high returns from their investment, particularly as the demand has a positive impact on house prices in the region.
According to the UK-based newspaper the Independent, house prices in the country went up by 20 per cent in 2007.
Turkey - a perfect place for overseas investors
Monday, February 18, 2008
Dubai-based website 7Days reports that Turkey provides attractive investment options to foreigners looking to catch a promising market from the start as Turkey is on the threshold of becoming a mainstream international holiday destination.
Turkey represents strong investment potential with its pristine beaches and climate makes it a very popular and well tested tourist destination.
Inexpensive, long summers and hassle-free lifestyle make it a hot favorite holiday destination for Europeans.
The development in Bodrum's tourism has a deep impact in the property market. Investors are reporting good yields and inherent capital growth.
The Bodrum Peninsula region is a crucial one for Turkey in terms of property investment. It's established amenities and location near to an international airport means consistent high amount of tourists and one of the brightest property investment hot-spots. Property prices are very competitive and may increase rapidly with the introduction of more flights.
Experts feel that this is the ideal time to invest into the Turkish property market. Turkey is the third most attractive overseas property investment destination for Britons looking to buy abroad, according to a study carried out by 'A Place in the Sun' magazine.
Social BookmarkingTurkey represents strong investment potential with its pristine beaches and climate makes it a very popular and well tested tourist destination.
Inexpensive, long summers and hassle-free lifestyle make it a hot favorite holiday destination for Europeans.
The development in Bodrum's tourism has a deep impact in the property market. Investors are reporting good yields and inherent capital growth.
The Bodrum Peninsula region is a crucial one for Turkey in terms of property investment. It's established amenities and location near to an international airport means consistent high amount of tourists and one of the brightest property investment hot-spots. Property prices are very competitive and may increase rapidly with the introduction of more flights.
Experts feel that this is the ideal time to invest into the Turkish property market. Turkey is the third most attractive overseas property investment destination for Britons looking to buy abroad, according to a study carried out by 'A Place in the Sun' magazine.
Labels: Bodrum, Market-Trends
