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| Meltemi: Flipflops Stunning
Eco-friendly resort in Gulluk, Bodrum Peninsula, Turkey.
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| Turkey
is a beautiful country, with fantastic beaches, cosmopolitan cities, self-contained
towns and gorgeous little fishing villages dotted along the extensive
coast. A popular holiday destination; in 2005 Turkey had more than 21 million visitors, creating tourism revenue of $18.2 billion, and 2006 brought 25 million visitors to Turkey. The number of tourists for 2005 was 20.5% up on 2004’s figures, testament to the country’s ever-growing popularity. (Figures obtained from www.turkey-now.org) The Central bank of the Republic
of Turkey states that the figures for housing inflation are as follows: Voted fourth favourite overseas property destination by 'A Place in the Sun' readers, Turkey has a huge amount to offer the prospective purchaser. The article says 'Turkey has everything a property investor needs: sunshine, beaches, culture, a thriving tourism industry, and lots of bargain properties.' It then goes on to say 'The huge success of Turkey as a second-home destination is comparable to that of Spain 20 years ago.' (February 2007 edition) Many projects are being designed and implemented by the Turkish tourism board, to encourage 'Turkey virgins' to visit for the first time, and to encourage existing tourists to return. Projects such as golf courses, health centres, international events; including Formula 1, Champions League football and so on are increasingly encouraging people to visit Turkey who haven't before, and those who are already sold on the country are encouraged to visit more often. Of course, the introduction of the new mortgage system can only be a bonus. The increased investment by the Turkish tourism board, along with Turkey's natural charm is increasing investor confidence in the country, especially the Aegean and Mediterannean coasts. Increased interest in these areas directly relates to increased buy-to-let potential for properties in the regions, from the highly profitable short-term rentals to holiday-makers. Investors buying off-plan property now are likely to find that once the project reaches completion the property market will be much more established, therefore demand will outstrip supply; driving property prices higher. Property prices in established areas such as Bodrum and Yalikavak have risen dramatically over the last three years. These high prices have caused and ‘overflow’ effect which has led to buyers looking for better value in the surrounding areas. Gulluk has started to benefit from this ‘overflow’ and is now seeing a massive rise in popularity. Over the last twelve months, sparked by the relocation of the commercial port and the construction of new private yacht marina, Gulluk has proved a hotspot for property investors. This pretty fishing town is already benefiting from new shops, restaurants and bars. In addition Palm Beach, which is nearest to the Flipflops Meltemi, is being extended to provide a greater space and amenities. The Vita Golf course in Tuzla is the first of many planned for the area and will undoubtedly benefit the local property market. It can sometimes be a worry when leaving a property empty when coming back to the UK, or in between rental periods, that your property is in safe hands and is ok without you. For added peace of mind, the your flipflops property comes with it's very own P.A. (yes, personal assistant) and they will take care of the following for you, leaving you free to enjoy your property and its benefits: Property PA • Monthly airing of the property • Monthly inspection of the
property • Annual condition report • Monthly mail collection and
forwarding • Arrangement of earthquake,
buildings and contents insurance • Help to open a bank account
and set up direct debits • Arrange payment of bills • Arrange payment of taxes • Food pack delivery to property • Airport transfer • Laundry service • Pre-visit clean and check Food Packs |
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