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Posted On: 01/07/2009
Turkey Property: Best Holiday Home Investment AroundAn industry expert has identified Turkey as a 'hot property market' for investors. Frank Crowley director of overseas property specialists Azure Overseas recommended Turkey "because of its soaring tourism figures combined with property prices being low compared to other European tourist hotspots," he added:"Turkey's tourism figures are absolutely through the roof, it is expected to receive over 20million tourists in 2009.
This is evidenced by the fact we are advertising off plan Turkish properties with a guaranteed 9.5% net rental yield for the first five years. This is one of the biggest rental guarantees I have ever come across, though I have seen similar figures they have always been offered over a shorter period of time. Not only that, the rental guarantee is bank supported; giving investors security and making this one of the best holiday home investments on the global market."
The development Frank referred to is the New Generation apartment development in Istanbul, comprising of 314 1, 2 and 3 bedroom off-plan apartments priced from just £62,500. Facilities on the resort style development include: a concierge service and a shopping centre with food shops a pharmacy, laundry service, restaurants and cinema.The development will also feature a fully-equipped leisure centre including: Indoor and Outdoor pools, bowling Alley basketball courts and many other recreational facilities.Located in Sekerpinar-Gebze Yeni Nesil Evleri New Generation Houses is one of the first up market residential developments in the advanced technological indtopry park area. Therefore, in terms of investment the development will not only be aimed at holiday home investors coming in from abroad, but also at the young executives with high disposable incomes who will be moving to this rapidly developing commercial region.According to Frank Crowley, the apartments stand to be worth between 20% and 50% more when the development is completed.
Azure Overseas have many other properties in Turkey including star property the Apollon holiday village, offering 2 bedroom off-plan apartments in Altinkum Turkey from just £29,500, and 2 bedroom apartments in the sought after 3rd beach area of Altinkum priced at just £44,000, some £25,000 below market value for a quick sale. The difference in price between these apartments, £44,000 for a completed 2 bedroom apartment compared to £29,500 for an off-plan two bedroom apartment in the same area is testament to the immediate growth potential of off-plan Turkey property.
About Azure OverseasAzure Overseas is a member of the National Association of Estate Agents (Overseas) and adheres to the highest standards of customer care and stringent market research/due-diligence.
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