Belfry Drive Apartments - Bodrum, Turkey
27.3 million tourists visited Turkey in 2009, placing the country among the top ten tourist destinations in the world.
-H.E. President Abdullah Gul of the Republic of Turkey at Columbia University World Leaders Forum
Insight Group PLC is pleased to announce the launch of a luxury golf and holiday property development in the "St Tropez" of Turkey: Bodrum.
We've watched this region survive the recession and expand to become one of the top tourist destinations in Europe. It is therefore no surprise that the demand for luxury apartments is exceeding the current supply; hence the need to bring this new off-plan opportunity to the market!
The success of Turkey's property investment market is due to the ever growing population of approximately 70 million, increasing the demand for property from within Turkey. Turkey's population growth is around 2% per annum with 70% of the population younger than 30.
For this reason, Turkey is drawing high growth figures for both short and long-term investments. Specifically, overseas investors have contributed to the rise in house prices by 15-22% in the past 12 months, with interest set to continue leading up to Turkey gaining EU membership.
Rental yields are considered moderate to high in Turkey; with yields between 6% and 7.6% achievable (Global Property Guide, 2010) giving us the confidence to bring this development to our valuable clients.
Belfry Drive Apartments
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Turkey newsTurkish, U.S. Investment Agencies sign good-will agreement 26-01-2011
The agreement between the "Invest in America" operating under U.S. Secretary of Commerce-International Trade Authority and the Investment Support and Promotion Agency (ISPAT) operating under Turkish Prime Ministry, was signed by U.S. Asst. Sec. of Commerce Michael Camunez and Chairman of ISPAT Ilker Avci.Turkey property investment: best places to buy 24-01-2011
Several reports recently have stated that Turkey will be one of the hottest overseas property investment destinations in 2011. With rapid economic growth, low prices, low interest rates, falling unemployment and high liquidity one finds it really hard to envisage any other scenario.Mercedes to invest 35 mln Euro in Turkey in 2011 17-01-2011
Mercedes-Benz will invest 35 million Euro in Turkey in 2011, an executive of the company in Turkey said on Monday. Wolf Dieter Kurz, the chairman of the Mercedes-Benz Turk Board of Directors, said Mercedes-Benz Turk sold 29,663 vehicles and broke a record in 2010.Turkey Shapes up as Global Investment Hotspot 08-01-2011
Everyone knows Turkey is booming, as it has weathered the financial down turn much better than the vast majority of countries with perhaps the exception of China. Its economy is growing thanks to the rapidly expanding industrial sector, and many economists feel that the country deserves to be bumped up by the ratings agencies, making now the ideal time to invest before this happens. There are several good reasons why it probably will.