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Article by: tahir pala info@adoproperties.com Published: 26/12/2007

The Property Market In Turkey. Turkey has been called "the cradle of civilization" and by travelling through this historic land, tourists will discover exactly what is meant by this phrase. The first city ever settled in the world with comparatively modern organizational systems such as agriculture, animal husbandry, and trading, was a Neolithic city Catalhoyuk, in central Turkey, dating back to 6,500 BC.

From the days of Catalhoyuk up to the present, Turkey boasts a rich culture that through the centuries has made a lasting impression on modern civilization. The legacy of all those admirable cultures make Turkey a paradise of information and cultural wealth. Hattis, Hittites, Carians, Lelegians Phrygians, Urartians, Lycians, Lydians, Ionians, Persians, Macedonians, Romans, Byzantines, Seljuks, and Ottomans have all made important contributions to Anatolian history, and ancient sites and ruins scattered throughout the country give proof of each civilization's unique distinction. When you travel by car, within half an hour you can meet to an ancient city, remaining from those civilizations. Even in the ancient times, this fascinating country was respected by those ancient people, therefore it has been called as ANATOLIA, which means in ancient Greek, ''The lands, where the sun rises from '' as many vital initial ideas came into existence from her fertile lap. No doubt, people always have been proud of breathing on this amazing peninsula, combining different cultures, customs and traditions, and she, once again started to offer her hospitality to new cultures & people, by introducing a new law permitting foreigners to buy houses, who deserve to meet her affectionate and fertile lands.

According to the law on ‘property purchase by foreigners in Turkey’ enacted on January 7, 2006, foreign nationals (real persons) are able to acquire real estate in Turkey on the conditions of being reciprocal and complying with legal restrictions.

At the heart of the Aegean lies Didim,an ancient town of marvelous landscapes,wondrous ruins and over 30 coves and beaches.Altinkum which means "golden sands" certainly lives up to its name.Altinkum has three main beaches and its gentle slopes make it ideal for families.Towards the smaller "third beach" new five star hotels are being constructed and a new marina is due to start shortly which will berth up to 400 yachts.Also land has been set aside by the government to create a golf course which should add to Altinkums fast growing reputation as a place to invest.

Altinkum is situated 1 hours drive from Bodrum airport which is to have a new 8 million pounds terminal built, to supply the ever increasing number of tourists to the region.Bodrum airport will be open all winter this year with charter flights arriving for the first time.Izmir international airport is also open year round and is 1 hour 45 minutes away by car.Easyjet have just announced that they will be operating flights to Turkey and it will only be a matter of time before other low budget airlines start.

Major attractions also include a large water park,famous hisitorical sites such as the Temple of Appollo,nearby ancient cities of Miletus and Priene offer something to suit all ages.Ephesus the largest city in ancient Asia Minor is home to The Temple Of Artemis one of the seven wonders of the ancient world.Ephesus is home to Virgin Marys House,her final resting place and a major attraction of Catholics from around the world.

Thousands of European people are purchasing in Altinkum and property prices are rising on a monthly basis.New shops,bars and restaraunts are opening on a daily basis to cater for these new residents of Didim, and the town is now open all year round, due to the increasing number of foriegners making Didim their home.The weekly market held every Saturday in the old town, provides all the provisions you need.Turkeys largest supermarket chains have opened large stores in Didim and Tesos are starting to expand in Turkey.

Didim has recieved a Grant from the Turkish Government to improve the roads,electricity supply,sewrage and public facilities in order to improve Didims reputation and encourage even more tourists to visit this beautiful area.Construction is fuelling Didims local economy and the local people welcome the tourists with open arms.

With all these attractions and future plans for the region most analysts are predicting that the Altinkum resort will in time become one of the largest and most desirable areas for investors and holidaymakers alike.This is just the start and we would encourage you to come and meet us and see for yourself what is happening one of the worlds fastest growing touristic resorts.

Andrew Coates partner of ADO Properties Ltd who are developing projects in the area says on investing in property in Altinkum in particular

‘Altinkum has seen major changes in the property market over the last three years.The announcement of the Ageans largest marina starting to be constructed which will berth 800 yachts is going to positively effect property prices in Altinkum.Recently a tender was submitted by companies to develop large areas of land for golf courses in Altinkum.If these are announced we will raise our prices by 20% overnight as will most of the other developers who are developing here.Our company generally increase our prices of the apartments and villas for sale by 20% during the construction of our developments in Altinkum,and many investors in Europe are purchasing off-plan and capitalising on these price increases by selling on completion.

The new mortgage reforms introduced this year will also buoy the market as Turkish people and foreigners have never been able to borrow Money for Turkish property.All in all we feel that buying property in Turkey will prove a very good investment both in the short term and long term’

 

External Article Link: http://www.property-partnership.com/overseas-property-guides/overseas-property-guide.cfm?id=111

Article Link: http://www.property-partnership.com/overseas-property-guides/overseas-property-guide.cfm?id=111

Please contact the author at info@adoproperties.com for more information.