Property experts project an Annual rate of return of :
20.00%
the return on your investment in one year:
€10,549
For further reading on "property market in Turkey" visit EMP Advisers website.
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The Development and Location
# The beautiful village of Gulluk faces west, so is bathed in sunshine for most of the day. It nestles on the northeast tip of the Bodrum peninsula and is ideally situated just 8km from Bodrum Milas airport.
# Bodrum is on the Aegean coastline which is littered with small islands and has many breathtaking views.
# 1, 2, 3 & 4 bedroom properties, including penthouses are available. Many have excellent views of the sea and marina and are all finished to a very high specification. These properties have been carefully selected because of their prime location and these factors add up to offer an excellent potential for re-sales.
# Prices are low - this is an opportunity to purchase at a very early stage from £41,950.
# Low money in and a cashback on completion.
# Furniture packs can be funded via the cashback - please contact us for details. Alternatively, the cashback can be used as mortgage payments for up to 2 years.
# Conservative occupancy levels still generate a positive cash flow.
# A large chain of over 320 travel agents will be promoting the development.
# A rental management company is in place to service your property.
# Completions are expected between November '08 and January '09.
# Due diligence procedures and site visits have been completed.
# The PGA Standard Vita Park Golf Course is located near Tozla which is appromimately 20km to the south of Gulluk.
# A fantastic Aqua park is close by.
# All properties are air conditioned with 24 hour CCTV.
The Developer, Travel Agents and Financing
# The developer is has been trading for over 20 years and has offices in the UK. They specialise in Southern Turkey where they build prime location high quality holiday apartments. All of the properties come with a 10 year builders guarantee.
# Holiday Direct Limited (a license holder of ATOL 6858) are the appointed travel agent and have access to over 320 travel agents UK wide. They offer holidaymakers a range of services from flight bookings to pre booking amenities and attractions.
# Mortgages are available at 90% LTV. Arranged via Istanbul mortgages, who are the first dedicated mortgage broker for foreign buyers of Turkish property. They've been specialising in Turkey for over 2 years but are based in the UK.
# The deposits are bank guaranteed.
# Asem property management will fully manage your property after completion. Please contact us for a detailed account of their services.
