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Posted On: 31/08/2010
‘I bought a villa off-plan at The Flamingo Golf Resort, near ¬Bodrum in Turkey.Ricky has been typically canny with his property dealings. The four-¬bedroom, two-bathroom villa in Bodrum comes with its own swimming pool and cost just £159,000.
The Hitman went on to say ‘I’m building a stable of fighters and the place will be ideal for them. It’s hilly, which will be great for their road work, the heat will help them acclimatise for fights abroad, and the golf makes it an ideal place to chill after a fight.’
If this all reads like the familiar story of the retired fighter rushing to spend his hard-won fortune then think again — Hatton is no fool with his money.Managed by his father, Ray, he has his own leisurewear range and is now moving into the management and promotion side of boxing — hence his plans for the training camp in Bodrum.
This part of the Bodrum Peninsula where Hatton has chosen to invest is undergoing a £4.1 billion development and is typical of one of the booming tourist areas that are springing up along the coastline.‘Golf is the driving force behind it,’ says David Vaughan, from Savills estate agents.‘You can get phenomenal value for money in terms of property and can also let your property ten months of the year quite easily.’
There are many properties in Bodrum currently available and many are seeing “off plan” Turkey Property as a credible alternative to many other established destinations such as Spain, Cyprus and Portugal.
The Ankara government is behind this golfing boom. Areas have been identified for up to 100 new courses to be built by 2014 and the policy is already paying dividends.
Those prices might sound low, but don’t imagine Bodrum is a cheap and cheerful part of Turkey. Rather, it is a favourite holiday spot for wealthy city types from Istanbul. In Yalikavak, its plushest suburb, the prices of some modern houses start at more than £1.5 million and mansions sell for £6 million and above.
Investing in Turkey appears to have been a shrewd move on ¬Hatton’s part. With its population of 73 million and growing, there is a ¬significant shortage of housing and this should maintain demand and ensure prices continue to appreciate.
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