We´re all going on a Turkish summer holiday

by Charlotte Ashton Turkey

 

According to Europe´s second largest travel operator, Thomas Cook, the hottest ticket this summer is a holiday in Turkey and it´s no surprise why thousands of Britons (as well as US President Barack Obama) are expected to visit this non-euro destination in 2009. Turkey is the ideal family holiday location offering numerous beach resorts, good quality accommodation, water sports and land based activities and a lower cost of cost living compared to west European resorts not to mention the reliable climate.
 
Tourist arrivals to Turkey have risen steadily over the past few years as the country has opened up and accessibility has improved. Recent figures from the Ministry of Culture and Tourism reported a 12% rise in overseas visitors totalling 26.3 million (of which 2.17 million were from Britain and over 32% entering via the tourism capital of Turkey, Antalya) in 2008 compared to 2007 and a further 20% increase in the number of British tourists is anticipated in 2009 according to an undersecretary of the Tourism Ministry.
 
Recognising the importance of tourism to the burgeoning Turkish economy longer term strategies have also been announced including the ambitious aims for 2023 by the Culture and Tourism Ministry which include the creation of seven tourist development corridors and nine cultural and tourism zones in order to attract 40 million visitors in addition to an airport, eleven cruise ports, ten tourism cities and nine marinas to be completed by 2013.
 
One of the key appeals of a Turkish holiday this year is affordability. The country is not part of the euro zone and hence relatively unaffected by the pound´s poor performance against the euro; the lira has reportedly fallen one third against the dollar and one fifth against the pound. Known as a value for money destination, Turkish accommodation remains affordable and the cost of living low. There are numerous discounted package holidays now available especially for those willing to book at the last minute.
 
And access to tourism hot spots such as Antalya on the Mediterranean coast or the Bodrum Peninsula on the Aegean coast has never been easier with direct flights offered daily from the UK by both scheduled and charter services. Due to increased demand seat-only travel operator Avro will be offering additional charter flights to Antalya during the summer season starting at the end of May. Further a field agreement has been reached for direct flights to commence from Canada to Turkey and Turkish flag carrier, Turkish Airlines, will introduce new routes this season to New York, Singapore, Johannesburg and Seoul. This increased access to the US in particular is much welcomed in light of the recent "Unlimited Turkey" tourism campaign operating Stateside.
 
These positive tourism indicators for 2009 also spell good news for those with second properties in Turkey. Some 73,000 foreign nationals (mainly Britons, Germans and Greeks) own properties in the country predominantly along the Mediterranean and Aegean coastlines and interest in owning bricks and mortar be it for retirement, a holiday home or buy to let investment continues to be strong.
 
Joseph Upchurch, MD of real estate developer Aston Lloyd who has a number of projects in Turkey, comments,
 
“As a company, Aston Lloyd has a great deal of confidence in Turkey, and the returns we can offer our investors. Two Aston Lloyd developments are under construction with one nearing completion, which is a positive reflection on the strength of Turkey and the opportunities that exist for investors looking to make real returns in turbulent times. Turkey is one of the top places in the world to buy property right now. We are building off the back of in-depth analysis, not speculation, which is why developments in emerging markets, such as Turkey, are still able to continue building, unlike other parts of the world which has seen projects being put on hold or pulled altogether.”
Those with existing properties available to rent in key tourism locations such as Antalya are set to be benefit this year as holiday villa rentals become increasing popular. The mixture of quality accommodation in top locations as well as the flexibility of your own rented villa is of high appeal to families or those looking for a more bespoke vacation.
 
As the undefeated former world super middleweight champion boxer and Aston Lloyd investor, Joe Calzaghe CBE, comments,
 
“(When making a property investment) the main thing for me is location and value for money. I’ve chosen places that have a lot of tourism because you want to know you can rent it out. I’ve also chosen places I would want to go myself, including beautiful countries like Turkey.”
 
One such example of a high quality development in Turkey which is due for completion in July 2009 and available to purchase as a buy to let property for the peak summer season are the Caretta Villas in Belek from Aston Lloyd. Comprising 87 modern Mediterranean style 2 and 3 bedroom villas situated just 10 minutes from the nearest beach the detached villas will include terraces on all floors, fitted cupboards in all bedrooms, a private parking space and optional private swimming pool. The site itself enjoys complete privacy due to its restricted access, offers two communal swimming pools, two tennis courts and seated landscaped gardens. The new build villas will be available from €160,000 / £143,577 through Aston Lloyd.
 
For more information about buying in Turkey or Caretta Villas please call 0845 260 0646 or visit www.astonlloyd.co.uk.

Family fun in the Turkish sun

by Charlotte Ashton Turkey

 

If you are looking for an ideal place to buy a property for family holidays in the sun, Turkey ticks all the right boxes. Knocking Spain off the top spot, the Mediterranean country was the UK’s package destination of choice in 2008, according to figures from the Turkish Ministry of Tourism and Culture and the Association of British Travel Agents, with over 1 million British visitors, many of them families. So why is Turkey so popular and which are the best areas for families to buy their own a property in the sun?
 
The biggest draw for most sun-starved Brits is the country’s sunshine and blue skies, with great weather guaranteed throughout the long summer.
 
“The conditions at Easter and the summer and winter half-term holidays are also good, and may actually be better for younger kids than the hottest months of July and August,” says Dominic Whiting, editor of the Buying in Turkey guide.
 
The other vital holiday ingredient for kids, a sandy beach, can be found all along the Turkish Mediterranean coast with many long, sandy beaches that are gently sloping and perfect for hours of sand castle building and paddling.
 
For older kids there are plenty of activities to keep them busy. Water sports like windsurfing, sailing, water skiing and parasailing are available and tours can be arranged to the many historic sites and ruins that dot the Turkish coast.
 
Another important plus is how child-friendly Turkey is. Quite simply, Turks adore kids. Wherever you go expect the children to be doted on and spoilt. It is also an extremely safe country and crime-rates are very low compared to the UK.
 
“Crucially for families, Turkey is only a 3.5 hour flight from the UK so no long-haul nightmare getting there and back. There are plenty of budget flight options during the season from charter operators like Thompson and Thomas Cook and no-thrills airlines easyJet, who fly from Gatwick to Dalaman, and Flyglobespan, who operate from Scottish airports,” comments Dominic Whiting, editor of the Buying in Turkey guide.
 
Many new developments in Turkey have been designed with families in mind and have great facilities such as large swimming pools and tennis courts to keep the kids entertained for hours. It is also likely they will find other English-speaking friends to play with, leaving the adults free to relax.
 
Checklist for the perfect family holiday home
 
  • Choose a property close to the beach & shops
  • Choose a development with good communal facilities
  • Choose an area with activities and entertainment locally
  • Select a resort where there are other English-speaking kids
  • Choose a property within 1 hour of the nearest airport
 
Top three areas to buy a family holiday home
 
Kusadasi
The Aegean resort of Kusadasi is very popular with families because there is so much to do. There are beaches and several large water parks, or for something more educational, the ruins of Roman Efesus are a great introduction to ancient history. Izmir airport is only 45 minutes away.
The Melito Villas are spacious 4 bedroom detached houses on a complex with a huge pool and within walking distance of the beach. Ideal for families, the villas costs from £66,500.
 
Dalaman
Dalaman has plenty to keep the family entertained including boat trips, nature tours, mud baths, white-water rafting trips and the gorgeous Blue Flag beach at Sarigerme, which is one of the few in Turkey with life guards. For the adults, an 18-hole golf course is opening in 2009 as part of the Hilton Dalaman Golf and Spa Resort. The international airport has plenty of flights from the UK and the kids can be playing in the pool within an hour of landing.
Akkaya Gardens is a family-friendly development of 2 bedroom apartments starting from £46,200 with excellent facilities including a huge swimming pool, cafe and a fitness centre. Nearby, the spacious 3 bedroom Olive Grove villas have their own pool and cost from £149,000.
 
Side
The kids will love exploring the magical ruins of ancient Side and playing on the sand dunes. Access to the old town is on a tractor train in season making the resort feel like a huge historical theme park. The beaches are gently sloping and ideal for kids, or for some excitement there are white water rafting trips and horse riding in the Sorgum forest.
The Aqua Villas have great communal facilities and are close to the beach and shops with prices starting from £115,900.
 
To find out more about the property in this article contact the Buying in Turkey Collection, Tel 0845 3513551, www.buyingin.co.uk.
 
 

A Property Buyer’s Guide to Kas

by Charlotte Ashton Turkey

 

Kas is a relaxed seaside town overlooking the Greek island of Meis. Formerly a sleepy fishing and sponge diving village, it is now one of the Turkish Riviera’s most charming resorts. On the site of ancient Antiphellus, Kas is dotted with archaeological remains, including a small amphitheatre and monumental tombs. In the shadow of a magnificent ancient Lycian tomb, shopkeepers while away the hot summer days playing backgammon and sipping sweet tea.
 
A popular port-of-call for passing yachts, the narrow cobbled streets leading from the busy harbour are lined with cafes, restaurants and shops selling local crafts, Turkish carpets and gorgeous hand-made jewellery. Although tourism is the mainstay of the town’s economy, most visitors are independent tourists, with a healthy mix of nationalities including plenty of domestic visitors. The resort’s distance from the nearest airport (it is a 2 hour drive from Dalaman airport) and the absence of large resort hotels has kept the package hordes away. While the completion of a 430-berth marina next year with restaurants, cafés and shops, will further promote the area as an up-market get-away.
 
There are many good restaurants doted around the centre of town. For seafood visit the Mercan, overlooking the harbour, or for something different, try Evys, a fantastic French restaurant tucked away on a side street in the centre of town. The steaks are renowned! 
 
Access to the crystal clear sea, kept refreshingly cool by submarine fresh water springs, is from beach clubs along the rocky coastline. Or it is only a short drive to the fantastic beaches at Kaputas and Patara. The area’s abundant marine life and numerous wrecks are a magnet for divers and there are plenty of dive schools in town.
 
Inland, the wild and unspoilt Taurus mountains are ideal for adventure sports like canyoning, mountain biking and trekking, which can be arranged by specialists Bougainville Travel. The Lycian Way, Turkey’s first long distance footpaths, winds its way through spectacular scenery and can be walked in sections from the town. Or you can take to the water in a sea-kayak and paddle over the clear, turquoise waters of Kekova with its ancient sunken city.
 
The Kas Peninsula, a narrow rocky finger, which stretches 7 km into the Mediterranean towards the Greek island of Meis, is one of the most desirable locations on the Turkish coast and home to some of the country’s finest villas. Built from locally crafted stone and hugging the rocky shoreline, many villas have direct access to the sea and all have stunning views of the dramatic coastline. Prices start from over £200,000 for a three-bedroom villa with shared pool, or from £350,000- £1 million for a larger property with a private pool and garden.
 
Villas on the peninsular are popular rental properties in summer and can generate an excellent income. Weekly rates for a 4 bedroom villa with pool are £600-£1,500 depending on the time of year.
 
In the town itself there is a good selection of more affordable options, generally apartments, which benefit from being an easy stroll to the restaurants, cafes and bars around the harbour. Many properties have excellent views across the roof-tops to the sea. Apartments are typically available from £55,000 for one bedroom and from £85,000 for two bedrooms.
 
For more information about property in the Kas area contact the Buying in Turkey Collection, Tel 0845 351 3551, www.buyingin.co.uk.
 
To download a free copy of the Buying in Turkey guide visit www.buyingin.co.uk.
 
 
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Kas Property highlights
 
Villa Sundown, Kas, Turkey
Villa Sundown is a spacious 4 bedroom villa with direct access to the sea via a private path. Situated in stunning landscaped gardens and with an infinity pool the property has a breathtaking double-height living area with vaulted ceiling and incredible views. All bedrooms have ensuite bathrooms and private balconies. Prices £500,000 / €630,000 for more details contact Buying in Turkey collection on 0845 351 3551 or visit www.buyingin.co.uk.
 
Villa Unal, Kas, Turkey
A luxurious 5 bedroom villa with spacious split-level, open-plan living room, dining room and kitchen opening onto terraces overlooking an infinity pool surrounded by sun-decks with stunning views of Greek island of Meis. Three of the bedrooms have ensuite bathrooms and two have private terraces with sea views. There is a self-contained apartment and covered parking for two cars in the mature gardens. Prices for these exclusive villas are £785,000 / €990,900 for more details contact Buying in Turkey collection on 0845 351 3551 or visit www.buyingin.co.uk.
 
Casa Lycia Villas, Kalkan, Turkey
Only a short walk from town where a weekly market is held these villas come with private pool and stunning panoramic views of the area. Each of the 4 bedrooms comes with en-suite bathrooms and are set in well maintained landscaped gardens. Prices start from £269,000 / €339,000 for more information contact Buying in Turkey Collection on 0845 351 3551 or visit www.buyingin.co.uk.
 
 
Turkish property law
 
Foreign nationals have the legal right to buy and own property and land in Turkey. However, there are certain restrictions on where foreign nationals or foreign-owned companies can purchase.
 
These restrictions have no affect on the vast majority of foreign buyers and have been put in place to stop the acquisition of large areas of agricultural land for strategic or other reasons.
 
Below is a summary:
 
What foreigners can buy
 
  • Property and land within an officially zoned planning area. This covers all the country’s towns, cities and the coastal resort areas
What foreigners can’t buy
 
  • Property and land in rural areas that are outside an officially zoned planning area (most rural areas and many villages)
  • Property or land within an officially restricted, military or historical conservation area
  • More than 10% of the land in any given planning area (this is a huge area, equivalent to buying up 10% of a whole town or resort)
 
 
General information about the purchase process
Official permission
All foreign nationals must apply to the Turkish authorities for permission to buy property. The application process is handled by the developer or estate agent. The authorities check that the property is not in an area where foreigners are forbidden to buy – rural areas, land near military bases, or areas of historic, economic or archaeological importance. The checks usually takes 1-3 months depending on the area.
 
Completion
Conducted in the Land Registry office (Tapu Dairesi) in the presence of a land registry official, who will issue a title deed – or Tapu – a copy of which is given to the buyer.
 
Transferring money
Transfers can be made to Turkey by Priority Payment from your bank. You will need the Turkish bank’s address, IBAN, account number and sort code. Transfers cost £15-£40 and take 2-5 working days. If purchasing in Euros remember to contact a foreign exchange dealer to get a better rate of exchange.

Living on the Turkish waters is a delight

by Charlotte Ashton Turkey

 

With competition for maritime tourism in the Mediterranean hotting up, Turkey is aiming to expand its slice of the lucrative European cruise and yachting market. As part of the Turkish government’s ambitious plans to encourage tourism, which earned a record $18.5 billion for the country last year, the push to attract more cruise liners, yachts and pleasure-craft is also promoting the coastal property market, where most foreigners are buying.
 
Cruises are one the fastest expanding tourism sectors in Europe, with a record four million Europeans taking a cruise holiday in 2007. To increase its share of this market, a series of modern cruise liner terminals have been developed along the Turkish coast. The country’s largest is in the Aegean resort of Kusadasi, with an estimated 700,000 tourists passing through its $20 million terminal in 2007 on their way to the nearby Roman city of Ephesus and other local tourist attractions. Istanbul, Dikili, Izmir, Bodrum and Antalya – which is to undergo a £3 million expansion- are other popular ports-of-call on the Mediterranean, Aegean and Black Sea cruise circuits.
 
In common with the growth of cruise tourism, boat ownership has grown dramatically across Europe in recent years with competition for the limited number of berths and rising costs in the marinas in the western Mediterranean encouraging more and more yacht owners to look east towards Turkey. Between 700,000 and 1 million pleasure craft cruised the Turkish Mediterranean in 2007 according to official figures.
 
 “With its reliable summer winds, dramatic, unspoilt coastal scenery and varied on-shore attractions, Turkey is one of the premier yachting destinations in Europe. Another big draw are the Greek islands of Lesbos, Chios, Samos, Kos and Rhodes just off-shore,” explains Dominic Whiting, editor of the Buying in Turkey guide, www.buyingin.co.uk. “Facilities have improved dramatically in recent years with modern marinas in many resorts and berth fees well below other more established yachting destinations like Spain or France.”
 
Modern marinas are located in Istanbul, Bodrum, Marmaris, Gocek, Kusadasi, Fethiye, Kemer and Alanya, with new facilities planned or under-construction in Cesme, Sigacik, Didim and Kas, and government plans anticipating an eventual increase in marina capacity to 25,000 berths. The Didim Marina, currently being built in the popular package resort of Altinkum, will be the country’s third largest when it is completed in 2009. It will include an extensive dry dock and 450-berths. Meanwhile, international marina operator Camper and Nicholsons, who own the Port Gocek marina in Gocek, are re-developing Cesme Marina, which will re-open in the Aegean resort of Cesme in Spring 2009 with improved facilities and a 375-berth capacity.
 
The development of cruise tourism and marinas is having a positive affect on the property market along the Turkish coast. In addition to widening the appeal of the country as a holiday destination, particularly at the upper end of the market, economic growth and job creation are encouraging demand for housing in the resorts, pushing up prices and increasing rental potential for local property owners. Despite significant increases in property values over the last 5 years and an upsurge in the number of foreign buyers – there are over 21,000 British-owned properties in the country today- Turkish property remains cheap in comparison to more established Mediterranean markets, such as Spain.
 
“Property in the up-market yachting resort of Gocek is some of the most expensive on the Turkish Riviera, with villas costing from £250,000 to well over £1 million; but elsewhere it is still possible to pick up a great value property within walking distance of a slip-way,” says Dominic Whiting, editor of the Buying in Turkey guide. “In Altinkum, for example, apartments just a short walk from the new Didim Marina are available for less than £50,000.”
 
 
For more information about property in Turkey contact Buying In Turkey on 0845 351 3551 or visit www.buyingin.co.uk.
 
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Editors Notes:
 
Akkaya Gardens, Dalaman 
Award winning two-bedroom apartments in the unspoilt Akkaya valley which is only 15 minutes from the marinas of Gocek. The complex has a large communal pool and all the properties have sweeping views of the surrounding mountains and a picturesque lake. Prices start from €58,330 / £46,200. For more details contact the Buying In Turkey Collection on 0845 3513551 or visit www.buyingin.co.uk.
 
Sun Complex, Didim/Altinkum
A selection of luxury 2 and 3 bedroom and duplex apartments located only 400 metres from the resort´s second beach and within easy walking distance of the waterfront and the centre of town. Prices range from £40,000 – £53,000 for the apartments, to £72,000 for the duplexes. For further information on this excellent investment opportunity contact Buying in Turkey Collection on 0845 351 3551 or visit www.buyingin.co.uk.
 
Lakestone Villas, Akkaya
Ideal for boat-owners whose budget won’t stretch to Gocek prices, but who want to be close to the action. Luxury 4 bedroom, 3 bathroom villas set within six acres of landscaped garden with large communal pool and great views in Lakestone, Akkaya for £141,000 / € 178,000 for more information contact Buying in Turkey Collection on 0845 351 3551 or visit www.buyingin.co.uk
 
Villa Sunset, Kas
For a view of the yachts sailing into Kas’s new marina… Villa Sunset is a spacious 4 bedroom villa with direct access to the sea via a private path. Situated in stunning landscaped gardens and with an infinity pool the property has a breathtaking double-height living area with vaulted ceiling and incredible views. All bedrooms have ensuite bathrooms and private balconies. Prices £500,000 / €630,000 for more details contact Buying in Turkey collection on 0845 351 3551 or visit www.buyingin.co.uk
 

New golf course to take Altinkum up-market

by Charlotte Ashton Turkey

 

Plans for a £22.8 million ($40 million) golf resort in the Turkish holiday resort of Altinkum have been given the go-ahead by local planning officials and the Turkish Ministry of Culture and Tourism. Atlas, a Turkish steel and shipping company, is developing the 18-hole golf course and residential village on a 170 acre site close to the Aegean resort, which is a popular destination for package tourists and property buyers from Britain.
 
“According to local press reports, Atlas have secured a 49-year lease to operate a golf and holiday resort in Altinkum. This will be a major boost for the resort, particularly with the opening of the new 450-berth Didim marina next year. It will certainly broaden the area’s appeal and have a positive affect on the property market,” says Dominic Whiting, editor of the Buying in Turkey guide, www.buyingin.co.uk
 
The development of golf and yacht tourism is a key part of the Turkish government’s plan to expand and diversify the country’s tourist industry. Turkey was one of the top destinations for British tourists this year and the country is expecting over 24 million international visitors for 2008, up over 15% on last year.
 
The Aegean resort of Altinkum has attracted over 8,000 British property buyers thanks to the area’s low property prices with new apartments still available for under £30,000. However, the new marina and golf course are expected to encourage demand for higher-end property, while also extending the tourist season into the winter months, which provide ideal golfing conditions.
 
To find out more about property in Altinkum download a free copy of the Buying in Turkey guide at www.buyingin.co.uk or call an advisor on Tel 0845 351 3551
 
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Properties on the market:
 
Sun Complex 4, Altinkum, Turkey
A selection of luxury 2 and 3 bedroom and duplex apartments located only 400 metres from the resort´s second beach and within easy walking distance of the waterfront and the centre of town. Prices range from £40,000 – £53,000 for the apartments, to £72,000 for the duplexes. For further information on this excellent investment opportunity contact Buying in Turkey Collection on 0845 351 3551 or visit www.buyingin.co.uk.
 
Jupiter Apartments, Altinkum, Turkey
An intimate collection of three bedroom apartments complete with front and rear balconies. Close to the town centre and local beaches, the apartments are ideally located for both residential and holiday use. Priced at £29,000, for more information contact Buying in Turkey Collection on 0845 351 3551 or visit www.buyingin.co.uk.
 

No Turmoil in Turkey

by Charlotte Ashton Turkey

 

With British house price falls accelerating according to data from the Land Registry and three major UK lenders raising mortgage rates this week amid further volatility in the banking sector, property buyers are increasingly looking overseas for productive investments. New research from Cater Allen Private Bank, part of Banco Santander, found that over three million Britains are likely to buy a property overseas within the next two years as economic conditions in the UK deteriorate.
 
“The weakening pound has made the Euro-zone comparatively expensive for British investors; while falling prices, over-development and poor economic growth prospects in key European countries are encouraging investors to look further afield to emerging markets such as Turkey,” explains Dominic Whiting, editor of the Buying in Turkey Guide.
 
In contrast to the gloomy outlook in the US and much of Europe, the Turkish real estate sector is expanding due to a rapidly growing population and sustained economic growth, with Deutsche Bank predicting 5-6% real growth per annum over the next 10-15 years. A recent survey of leading investors by Pricewaterhouse Cooper and the Urban Land Institute gave the Turkish metropolis of Istanbul, along with Moscow, the highest “buy” rating of any European city, with Turkey seen as “a market offering phenomenal prospects”. 
 
This potential encouraged $2.9 billion of foreign investment last year with this figure expected to increase significantly in 2008, despite the current global financial difficulties. Indeed analysts at the US investment bank Merrill Lynch, recently taken over by Bank of America, have concluded that the Turkish market offers a ‘safe haven’ during the global financial turmoil, with the company planning a second country-specific property fund to join a $1 billion real estate fund launched 18 months ago.
 
Due to tight regulations in the country’s recently reformed financial system, Turkish banks’ direct exposure to the on-going sub-prime mortgage debacle is minimal. Despite the introduction of mortgages in 2007, the majority of Turkish buyers still rely on savings for property purchases due to high domestic interest rates.
 
The country’s flag-carrier Turkish Airlines is also bucking the global trend having enjoyed 20 percent annual growth over the past five years despite the worsening outlook of the sector. The company aims to keep up the pace in 2008 with passenger numbers for January-August up 15% on the same period last year. Meanwhile, low-cost operator easyJet was one of several airlines to announce new routes from the UK in 2008, improving air access to Turkey and helping promote tourism and the property market in the coastal tourist resorts, where the majority of the 23,000 British property buyers are concentrated.
 
The country’s tourist industry is currently one of the fastest growing in the world with officials expecting 24 million visitors in 2008, up 14% on the previous year, while figures from the Turkish Tourist Office and the Association of British Travel Agents show that Turkey was the most popular destination for British holidaymakers this summer, overtaking traditional favourite Spain.
 
On-going investment in the tourism infrastructure along the Mediterranean coast, with new hotels, marinas, golf courses and airports, is promoting the country as a destination for investors. Prices are still increasing by 10-20% a year in areas such as Dalaman, where a new €100 million Hilton Golf Resort is due to open next year.
 
“As market conditions deteriorate in the UK, Turkish developers are offering some very attractive deals to tempt British investors,” explains Dominic Whiting, editor of the Buying in Turkey guide, “There are some excellent opportunities out there for investors looking for capital growth and income in the form of generous guaranteed rental agreements.”
 
Lavender Hills, located close to two new golf courses and an international airport in the investment hotspot of Tuzla on the Bodrum peninsular, is one such opportunity, with the developer offering a market leading guaranteed rental income of 9% per annum for three years on one and two bedroom apartments, with prices from £62,000-£97,000.
 
With the credit market tightening in the UK, some developers are subsidising lending rates in Turkey, providing some very favourable mortgage options for British buyers. For example, investors buying on several developments in the popular Mediterranean resort of Side, which is close to a new golf course and offers excellent rental potential, can choose from a series of promotional mortgages from Turkish lender Denizbank, with sterling loans available interest-free for two years or 4.8% fixed for 5 years.
 
For more information about special investment offer or Turkish property in general contact Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
 
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Editor’s Notes
 
Lavender Hills, Tuzla, Bodrum
A selection of luxury one- and two-bedroom apartments and two-bedroom duplexes with excellent communal facilities close to 2 new golf courses and Bodrum airport. Prices are from £62,900-£97,000 with a 9% annual guaranteed rental return and no service charges for 3 year. During this period the apartments will be rented out by a holiday lettings specialist though owners will have 4 weeks personal usage a year. For more details contact Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
 
Aqua Villas, Side
Luxurious three-bedroom villas within walking distance of the beach in the popular Mediterranean resort of Side. The complex boasts a large outdoor swimming pool with children´s area, surrounded by sun terraces and landscaped gardens. There will be a cafe for socialising or surfing the internet, a tennis court, a fitness centre and a sauna for relaxing after a good workout. Prices are £115,900-£129,000, which is 32% below a recent bank valuation, with special promotional mortgages available for 2 years at 0% interest, 5 years at 4.8% and 9 years at 5.99%. For more details contact Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
 
Summer Apartments, Side
Summer Apartments is an exclusive off-plan residential development with great views, cutting-edge modern design and excellent facilities. This innovative development has a choice of 2 and 3 bedroom apartments priced from £59,800-£89,800, with special promotional mortgages available for 2 years at 0% interest, 5 years at 4.8% and 9 years at 5.99%. For more details contact Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
 

The New Retirement Heaven on the Med

by Charlotte Ashton Turkey

 

Recently released figures from the Office of National Statistics reveal that an unprecedented number of Britons are leaving the UK to start a new life abroad. Economic uncertainly, the rising cost of living and the fear of crime are common factors encouraging what has been dubbed the largest mass exodus in the last 50 years, with up to 4,000 people emigrating each month.
 
“A large proportion of those departing have recently retired, joining the 1.3 million British retirees already living abroad,” explains Sarah Woods, editor of the Retirement Property guide. “The traditional European retirement favourite, Spain, is less popular due to its collapsing property market and concerns about over-development and the land-grab. The strength of the euro has also dulled enthusiasm in France, Portugal and Cyprus; while Mediterranean country’s outside the Euro-zone, such as Turkey, are more popular.”
 
According to Dominic Whiting, editor of Buying in Turkey, www.buyingin.co.uk, Turkey is seeing a major increase in the number of British retirees setting up home largely because of the country’s excellent value property.
 
“Of the 23,000 British property owners at least a third are retired and living permanently or for most of the year in the country,” says Dominic Whiting. “They are attracted by the country’s fantastic scenery, warm Mediterranean climate and friendly culture; but also the reasonable property prices and low cost of living, which is about half that in the UK.”
 
A British pension can easily support a very good standard of living in Turkey. Groceries and locally grown fresh fruit and vegetables are a fraction of the cost with an average weekly shopping bill for a couple of around £70. You can dine out in a restaurant from just £10 a head. Utility bills are significantly lower and there is no need for heating for 8–10 months of the year, although running an air-conditioner in summer can be expensive.
 
Private healthcare is excellent in Turkey with many “medical tourists” flying to the country from Western Europe for treatment. Medical care in medical centres and hospital is provided by board-certified doctors, many of who have trained in top U.S. or European medical programs.
 
“The quality of care is equal, and in many cases far superior, to that available in the UK. Most doctors speak English fluently and private hospitals in the coastal areas have many English speaking staff,” says Dominic Whiting.
 
Due to the lower cost of living, lower staff and doctor’s fees and cheaper medication, the cost of medical care, including dentistry, is typically about half the price of the UK. However, despite the lower costs, it is still advisable to take out medical insurance, which can be arranged through an international insurer or broker specialising in expatriate policies, or through a Turkish insurance company.
 
International policies typically offer 3 levels of cover, which will include in-patient/day care and emergency repatriation to the UK, along with out-patient care, specialist treatment, dentistry and maternity care, depending on the level of cover.
 
Medical cover through a Turkish insurance company is cheaper and will typically cover all hospital treatment and a limited number of doctor’s consultations each year. Out patient care and medication can also be included for a higher premium. Emergency repatriation to the UK will be extra. As a rough guide, annual premiums for a 50 year-old and a 60 year-old couple start from £850 and £1,000 respectively. Premiums can generally be paid in 5 or 6 monthly instalments.
 
The warm, sunny climate, fresh food and low cost of living in Turkey add up to a quality of life that is far superior to that in the UK. Improving air access from the UK – easyJet is just one of several low-cost airlines to start services – make it easy for friends and family to visit regularly, or for frequent trips back to the UK, which is only a three and a half hour flight away.
 
“The lifestyle is so much more relaxed. We looked in Spain but the property was over our budget. We visited Turkey and fell in love with the unspoilt countryside and the friendliness of the people,” explains retired teacher Elizabeth Ladd, who lives for most of the year with her husband Vivien in a four bedroom villa with pool near Dalaman, “We keep a static caravan in Hampshire near our daughters and grandchildren and we spend the hottest summer months there. The rest of the time we are in Turkey.”
 
The Ladds have an active social life in Dalaman and have many English and Turkish friends. They also love travelling and shopping in the local markets: “There are four markets on different days in the area, and they are lovely to visit even if you don’t want to buy anything. I often take a camera with me,” says Elizabeth.
 
 
Turkish Retirement Hot Spots
 
Ozdere is a charming seaside town that is popular with Turkish retirees. Located just 30 minutes from Izmir airport, which has year-round flights from the UK, the friendly town has a good selection of shops and services. Property prices are some of the lowest on the coast with two-bedroom apartments in the Gokdare community costing from £36,500.
 
Dalaman is another popular area for retirees looking for a picturesque area which is authentically Turkish and unchanged by mass tourism.
 
“Despite its international airport, which gives easy access to the UK and which is served by easyJet flights from Gatwick, the town is a normal Turkish market town. Property in the area is excellent value with prices significantly lower than neighbouring resorts,” explains Dominic Whiting, editor of Buying in Turkey.
 
The stunningly beautiful area of Akkaya, which is 15 minutes from Dalaman town centre and airport, and which overlooks a lake and mountains, has a choice of villas or apartments which are ideal for retirees. Two bedroom apartments on the award-winning Akkaya Gardens development start from £46,200, or there are four bedroom villas with swimming pools from £149,000 at the Hills – winner of the ‘Best Retirement Development Turkey’ category of the 2008 CNBC European Property Awards.
 
The holiday resort of Altinkum has an excellent choice of property at reasonable prices and a large British expat community, many of whom are retirees. In the town centre, minutes walk from the main beach and shops, two and three bedroom duplex apartments with roof terrace and built-in barbeque are available for £45,000 and £60,000; or if you prefer something quieter the Green Hills Villa is a 5 bedroom villa with garden and pool in the quiet village of Yesiltepe, 10 minutes from Altinkum, which costs £120,000.
 
The village of Uzumlu, set in pine-forested mountains near Fethiye, is ideal for retirees and there is a good selection of houses with views over the surrounding farmland and mountains. The winters are mild and sunny; and the beaches and town are only 10 minutes drive away. Villas with large gardens and swimming pools typically start from £140,000.
 
For retirees with larger budgets, the resorts of Kalkan and Kas have some stunning villas with swimming pools and sea views. Prices for this kind of property typically start from around £200,000.
 
For details about Turkish property or for advice on buying in Turkey contact the Buying in Turkey Collection on 0845 351 3551 or visit www.buyingin.co.uk.
 
A free copy of the best-selling Buying in Turkey guide, first published in 2005, can be downloaded at www.buyingin.co.uk.
 
 
——- ENDS ——-
 
 
Useful Contacts
 
Medibroker, Tel: 0191 297 2411, www.medibroker.com
BUPA International, Tel: 01273 208181, www.bupa-intl.com
 
 
 

Hilton golf resort to boost Dalaman property market

by Charlotte Ashton Turkey

 

The Hilton Hotel Corporation has announced a €100 million franchise agreement which will see the creation of an up-market golf and spa resort near Dalaman, a rapidly developing tourist area on Turkey’s Mediterranean coast. The 384-room Hilton Dalaman Golf Resort & Spa, located on the Blue Flag-awarded beach at Sarigerme, will open at the end of 2009 and boast its own spa complex and 18-hole golf course.
 
“This announcement will be a major boost for the property market in Dalaman, with the area’s developing tourism infrastructure, including this international golf resort, having a very positive affect on local demand and property values,” says Dominic Whiting, editor of the Buying in Turkey guide, www.buyingin.co.uk
 
High-quality apartments actually overlooking the golf course and beach are currently available for £95,000; villas from £135,000. These values are expected to rise significantly as the Hilton resort comes online next year, with Dalaman also boasting easy access from the UK via a growing number of charter flights to its recently expanded airport, which is now the country’s third largest.
 
According to Hilton, the golf and spa project in Dalaman, which is the company’s first resort in the country, marks the beginning of a period of expansion in Turkey, which has one of the world’s fastest growing tourist industries with over 24 million visitors expected by Turkish officials this year.
 
˝We plan to increase our investments threefold in this strategic market with in five years, and this investment is extremely exciting for our company, ˝says Wolfgang Neumann, president of Hilton Hotels Europe.
 
For more details about property in Dalaman contact Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
 
——– ENDS ———
 
Editor’s Notes:
Buying in Turkey is the UK’s leading source of property information for Turkey. First published in 2005, a free PDF version of the Buying in Turkey guide can be downloaded at www.buyingin.co.uk
 
Seabreeze Apartments, Sarigerme, Turkey
Stunning 2 bedroom apartments and 2 bedroom duplex’s situated within beautiful natural elements such as orange groves and cotton and sunflower fields. Only 15km from Dalaman International Airport these properties are in prime location. Prices start from £ 98,000 / € 123,380 for more information contact Buying In on 0845 351 3551 or visit www.buyingin.co.uk.
 
Golf View Villas, Sarigerme, Turkey
Beautiful 2 and 3 bedroom villas with private and communal pools and stunning landscaped gardens. Only 15km from Dalaman International Airport these villas are in a very accessible location with surrounding villages also offering many exciting cultural and sporting activities. Prices start from £ 135,000 / € 169,900 for more information contact Buying In on 0845 351 3551 or visit www.buyingin.co.uk.
 

Lux for Less in Turkey

by Charlotte Ashton Turkey

 

Spain has long been the nation’s favourite overseas property destination, with easy accessibility from British airports and an appealing climate; it’s easy to see why Britons have been keen to invest their cash in Spanish properties. However, with the high house prices in Spain (the average house price sits around €240,000 according to kyero.com) and the current weakness of the Pound against the Euro, Turkey is now stepping into Spain’s shoes as the destination of choice for overseas property purchasers. This trend has been reflected in this year’s tourist season, with figures from the Turkish Tourist Office and the Association of British Travel Agents showing Turkey as the most popular destination for British holidaymakers this year.
 
Since 2003 the number of Turkish properties owned by British nationals has increased sevenfold from around 3,000 to 21,000 today, transforming the country from a fringe market for adventurous buyers into one of the most popular property destinations.
 
There are many good reasons behind the country’s rise in popularity as a holiday and second home destination; the classic Mediterranean climate, the beautiful beaches and unspoilt scenery and the warmth and friendliness of the Turkish people. Improved accessibility from the UK, with more and more flight options being announced, such as Easyjet’s new Gatwick-Dalaman route or Flyglobespan’s budget routes from Scotland starting in 2009, has also helped to push Turkey to the top of British wish lists. Crucially though, it is the excellent value for money offered by Turkish property that is the main catalyst behind the increased attention.  
 
“With well-built luxury apartments and villas being developed in fantastic locations, a growing number of cheap flight options and the strength of the Euro, there really has never been a better time to look to Turkey for your holiday home and property investment”, says Dominic Whiting, Editor of the Buying In Turkey Guide.
 
However, lower prices do not mean compromising on quality. The Turkish market offers luxury homes built to European standards with facilities you would expect to see in an international five-star resort – all at a fraction of the price of an equivalent property in Spain. 
 
So for those of you that want to live with the opulence of the sultans but don’t have the purse strings to match then why not consider Lycia Luxury Villa, a three bedroom traditional Ottoman style home complete with swimming pool which costs £169,000 and is close to the upmarket resort of Kalkan. Those of you with more energy than cash to burn may prefer the Aqua Villas, in Side. This fabulous private gated five star community offers residents access to a modern gym, sauna, tennis courts and a communal pool. These three bedroom luxury detached and semi-detached villas start from £174,900 and £115,900 respectively. Each of the properties has been designed with spacious and stylish interiors and come with air conditioning units, kitchen appliances and white goods as standard. Or you can build your own dream villa with pool in a stunning location from £110,000-£200,000. While for the budget buyers, there are still apartments available in resorts like Altinkum, Ozdere or Dalaman from as little as £36,000.
 
One couple who made the decision to buy in Turkey are the Charitys from Dundee. Angus Charity and his wife originally only bought their Turkish villa as an investment for £108,000, with the idea of reselling it and buying a property in Spain. Two years on, however, and the Charitys have fallen in love with their home in Akkaya near Dalaman. Angus Charity explains why: “It’s so peaceful here and we like the people. They are a lot friendlier than in the Spanish resorts,” says Angus, who works in the insurance industry. “A similar property in Spain or Portugal would have cost us over £500,000.”
 
To find out more about Turkish property get the Buying in Turkey guide, available to download for free at www.buyingin.co.uk or talk to a Buying in Turkey property adviser on 0845 355 3551
 
——— ENDS ——–
 
Notes to Editor:
 
Properties available
 
Gokdare Apartments – Ozdere
Excellent value 2 bedroom apartments in the undiscovered seaside town of Ozdere available from €46,000 / £36,500 more information contact Buying In, Ozdere´s only UK agent on 0845 351 3551 or visit www.buyingin.co.uk
 
Akkaya Gardens – Akkaya
Award winning two-bedroom apartments and three-bedroom, two-bathroom villas in the unspoilt mountains of the Akkaya region only 15 minutes from Dalaman. The complex has a large communal pool and all the properties have sweeping views of the surrounding mountains and picturesque lake. Prices start from €58,330 / £46,200 for more details contact Buying In on 0845 3513551 or visit www.buyingin.co.uk
 
Olive Grove Villa / The Hills – Akkaya
Stunning award winning detached 3 bedroom villas, in Akkaya Valley in The Hills development from only £149,000 / €189,000. Contact Buying In Turkey Collection on 0845 351 3551 or visit www.buyingin.co.uk for more information
 

The medical facts for home owners in Turkey

by Charlotte Ashton Turkey

 

Whether they are planning to live permanently, or only spend lengthy holidays in the country, medical care is top of the list of concerns for many British property buyers in Turkey. However, there is no reason to worry, with many people actually travelling to the country from Britain to take advantage of the high quality health services on offer.
 
Medical care in medical centres and hospital in Turkey is provided by board-certified physicians, many of who have previously trained in top U.S. or European medical programs.
 
“The quality of care is equal, and in many cases far superior, to that available in the UK. Most doctors speak English fluently, with private hospitals in the tourist areas having many English speaking staff,” says Dominic Whiting, editor of the Buying in Turkey property guide, www.buyingin.co.uk.
 
The cost of medical care is lower than in the UK due to the lower cost of living, lower staff and doctor’s fees and cheaper medication. In addition, the cost of medical care is lower because there is significantly less administration and paperwork. The vast majority of private patients in Turkey pay the doctor or medical centre directly. Unlike the UK, there is no administrative paperwork associated with insurance claims or approval of care for private patients in these countries.
 
The cost of medication and treatment, including dentistry, is typically about half the price of the UK and “medical tourism” is a growing trend with patients travelling from the UK and Western Europe in increasing numbers for dentistry, fertility treatment, cosmetic surgery and other surgical and medical treatments.
 
There are large private hospitals with excellent facilities in the following resorts/towns: Istanbul, Izmir, Kusadasi, Bodrum, Marmaris, Mugla, Fethiye, Antalya and Alanya. Other resorts will have state hospitals, private clinics and doctors, which provide emergency care, and treatment for minor injuries and routine ailments.
 
Chemists, eczane in Turkish, are also trained to treat the most common ailments and dispense medicine, many of which are available over the counter without a prescription. 
 
Despite the low cost of high-quality private medical care in Turkey visitors and longer-term residents are advised to take out medical insurance. Health cover will usually form part of a travel insurance package. If you travel regularly then it is more cost effective to get an annual policy.
 
For permanent or long-term residents medical insurance can be arranged through an international insurer or broker specialising in expatriate policies, or through a Turkish insurance company.
 
International policies typically offer 3 levels of cover, which will include in-patient/day care and emergency repatriation to the UK, along with out-patient care, specialist treatment, dentistry and maternity care, depending on the level of cover.
 
Annual premiums for a 40 year-old couple will typically range from £1,320-£4,560 depending on the level of cover and the insurer.
 
Medical cover through a Turkish insurance company is cheaper and will typically cover all hospital treatment and a limited number of doctor’s consultations each year. Out patient care and medication can also be included for a higher premium. Emergency repatriation to the UK will be extra.
 
Annual premiums for a 40 year-old and a 60 year-old couple start from £750 and £1,000 respectively. Premiums can generally be paid in 5 or 6 monthly instalments.
 
A quote from a leading Turkish insurer such as Anadolu Sigorta or Yapi Kredi can be organised while you are in Turkey by Buying in Turkey, www.buyingin.co.uk
 
It is important to remember that under current regulations British citizens living outside Britain for more than 3 months are no longer eligible for free NHS treatment. For this reason many people relocating to Turkey keep a base in the UK which they use for part of the year; or simply retain a postal address at a friend or relative’s address.
 
For more information on healthcare in Turkey or Turkish property in general contact Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
 
A free PDF version of the Buying in Turkey guide can be downloaded at www.buyingin.co.uk
 
Useful Contacts
 
Buying in Turkey, Tel 0845 351 3551, www.buyingin.co.uk
Medibroker, Tel: 0191 297 2411, www.medibroker.com
BUPA International, Tel: 01273 208181, www.bupa-intl.com