WITH seaside properties at a quarter of the price of similar properties in Spain and Portugal, Turkey represents good value for buyers looking for holiday homes with investment potential according to Noreen Hynes, MD of Aquarius Properties, which is hosting a property exhibition on Turkey in the Stillorgan Park Hotel, Dublin on Sunday 28 January from 11am to 6pm.
According to Hynes, Turkey is one of the emerging countries with the most potential for capital appreciation.
"Turkey was chosen as the top real estate development market by Urban Land Institute/PricewaterhouseCoopers. Prices have increased between 50-80% in the past two years. There are 679,600 new homes needed every year to meet the growing demand, and currently less than 1% of all home purchases are made by mortgage loans. Once the mortgage market develops, prices are expected to increase."
Mortgages have just become available for purchasing property in Turkey, and Aquarius Properties will supply details of these as well as launching several new developments at the exhibition.
Overlooking Vita Park golf course, the first golf course in Bodrum, the Flamingo golf resort is a villa and apartment development offering 500sq m plots suitable for either two two-bed apartments or a three- or four-bed villa. Each plot will have a pool of 30sq m.
The price of the apartments is Euro75,000, the three-bed villas cost Euro140,000 and the fourbed villas cost Euro150,000; prices include the price of the swimming pool.
Lakeside Gardens and Turquoise are also both close to Vita Park golf course. The scheme is comprised of villas and apartments and are priced from Euro96,837 to Euro113,098. Onsite facilities include communal swimming pools, restaurant/bar, supermarket and shopping centre, sauna, indoor heated swimming pool, mini golf, private beach, water sports, management and rental services.
This developer is also launching Opollonium spa and beach resort, a seafront development in Didim. On-site facilities include fitness centre, aqua park, mini marina, private beach, sports facilities, indoor heated swimming pool, open-air cinema, health and beauty centre and lots more.
The apartments are priced from Euro84,891 to Euro144,351, the villas are priced from Euro141,755 to Euro225,024.
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