Turkey’s hot property as Akbuk Resort Group launch much-anticipated second Ramada resort

Turkey’s hot property as Akbuk Resort Group launch much-anticipated second Ramada resort

by Kate Turkey

The small town of Akbuk in Western Turkey is looking set to be big news in 2014, with the announcement of a second Ramada hotel, Unity Bay Resort.

The launch of the luxury resort by multi award-winning developer Akbuk Resort Group, in conjunction with iconic hotel and resort giant Wyndham Hotel Group, follows the resounding success of their initial development in the beautiful coastal region – Ramada Resort Akbuk.

The Ramada Resort Akbuk was a sell-out success, mainly to individual investors seeking a sustainable return on their investment. The resort since opened its doors during May to holidaymakers and offers its guests a comprehensive range of leisure and pastime facilities, luxury hotel accommodation and fine dining experiences.

The new launch of Unity Bay Resort, by Akbuk Resort Group, comes at a time of great success for Turkey, with the country’s tourism income being shown to have increased by 3.4% in the first quarter of 2014, compared to the same period in 2013, according to the Turkish Statistical Institute (TurkStat).

Not only this but the steep upturn in tourism income is part of a wider positive reverberation in the country’s economy as a whole, with the Turkish Statistical Institute recording a growth in the economy of 4% in 2013 alongside an increase of 5% in their Consumer Confidence Index in March 2014 when compared to February.

Capitalising on this consumer confidence and economic buoyancy, Unity Bay is tipped to follow in the footsteps of the Ramada Resort Akbuk success. This success was not only helped along by the ever-popular and breathtaking location which both hotels share, with white sands nestled between clear blue seas and dramatically rugged mountains, but also by the association with Ramada, an iconic brand that provides peace of mind and security to those seeking to invest in return for long term sustainable income generated from the resorts.

Lee Harley, Operations Director for Akbuk Resort Group, explains,

“Akbuk and Western Turkey in general has much to offer the prospective investor, but what sets our new Unity Bay Resort apart is not only the location and high specification fittings and facilities but also the link with the much-trusted Ramada brand, a name that people from all over the world will want to buy into.”

Unity Bay has the ability to capitalise on the growth in the nation’s tourism revenue, recently reported by the Turkish Statistical Institute to have reached $4.8 billion, with 76.2% of revenue in the tourism sector now coming from foreign visitors.

The resort will offer a choice of hotel suite properties, from a premier family suite to a luxury low-rise double suite, all with high quality fittings that are the best in the region, at various levels of investment, from £8,916 for fractional investment and £107,000 for full ownership options. In return, investors benefit from a share of the ongoing income relating to their particular investment interest, whether that be from a fractional investment or from the full ownership of a hotel suite.

Unity Bay’s financial proposition, its location and luxury facilities will also benefit those looking to promote the resort to potential clientele, with a select spa, offering traditional Turkish Hamam as well as a range of treatment options, feature swimming pools, fine dining experiences, children’s activities and thoughtfully-designed lounging areas for the ultimate in relaxation.

For international real estate agent’s seeking the finest branded product located in one of the hottest global property markets for your clients then look no further than the Unity Bay Resort. The buying process is simple and straightforward with generous commission rates available.

For more information, contact Akbuk Resort Group on 0845 230 5210 or info@akbukresortgroup.com or visit www.unitybayresort.com

Turkey triumphs as tourism thrives: Ramada Resort Akbuk welcomes its first holiday guests

Turkey triumphs as tourism thrives: Ramada Resort Akbuk welcomes its first holiday guests

by Kate Turkey

Making the very most of its location between mountainous pine forests and the azure blue waters of the Aegean Sea, framed by warm white sands, the town of Akbuk in Western Turkey has certainly earned its name meaning ‘White Bay’.

  • Turkey tourism up by 10% to almost 35 million in 2013 (Tourism Ministry)
  • Knight Frank rank Turkey 6th hottest market (Global House Price Index)
  • Akbuk top area for investment with two new Ramada-backed hotel resorts

Considered the most scenic of the towns in Turkey’s Didim region and just 50 minutes from Bodrum international airport and around 1 hour 45 minutes from Izmir airport, each served by low-cost airlines making travel easy and affordable, it is clear why the iconic hotel and resort giant Wyndham Hotel Group has recently chosen the town as a focus for their internationally-recognised Ramada brand.

The opening of the hugely successful Ramada Resort Akbuk for the 2014 holiday season and the recent launch of the much-anticipated Unity Bay Resort both from multi award-winning hotel developer, Akbuk Resort Group, come in the wake of the release of Tourism Ministry data showing an increase of almost 10% in tourists visiting Turkey in 2013 compared to the previous year, taking figures to 34.91 million. This growth also looks set to continue into 2014 and beyond with February this year registering a 6.6% growth in visitors compared to the same month in 2013.

Recognising this, Akbuk Resort Group will be opening the doors to the Ramada Resort Akbuk (previously known as Harmony Bay Resort) in conjunction with Wyndham Hotel Group this month. The development’s luxurious hotel rooms, combined with a wide range of facilities that include a traditional Turkish Hamam, a Serenity Spa offering a comprehensive array of treatments, a large swimming pool, children’s pool, excellent fitness facilities and a wide array of children’s activities, have resulted in its overwhelming popularity.

Lee Harley, Operations Director for Akbuk Resort Group, explains,

“Akbuk has so much to offer as a location, with excellent airport links not to mention breath-taking natural attributes and wonderful historic sites nearby, that we are really excited to be opening the Ramada Resort Akbuk this month for the 2014 holiday season.

“A great deal of time, effort and expertise, not to mention funds, have gone into this project, it is going to be extremely satisfying to welcome the first guests. And indeed the fact that Wyndham Hotel Group have put their much-trusted Ramada brand name to the resort is a very positive sign that it is set to be the very best in the region, a resort of the highest quality.”

The resort looks set to be a top choice for 2014, with leading holiday tour operators providing powerful promotions, advertising and public relations, driving clientele to the all-inclusive resort this summer.

Following on from this upcoming success, and in light of the fact that the Knight Frank Global House Price Index ranked Turkey as 6th hottest housing market in the world in December 2013, registering a 12.5% increase in property prices in the previous 12 months, Akbuk Resort Group has now launched for investment the all new Unity Bay Resort, which will also carry the Ramada Brand and will be known as Ramada Hotel & Suites Akbuk Hills once open in 2017.

Located in the same region, and with the same stand-out facilities, hotel rooms are now being sold at Unity Bay Resort, offering excellent opportunities for investors and second home owners alike from as little as £8,916 for fractional ownership or just £107,000 for whole ownership.

With bookings for Ramada Resort Akbuk stacking up and investment opportunities now open at Unity Bay Resort, Akbuk is looking to remain a hot choice for summer 2014 and beyond.

To book your stay at Ramada Resort Akbuk contact sales@ramadaresortakbuk.com

For more information about Unity Bay Resort, contact Akbuk Resort Group on 0845 230 5210 or info@akbukresortgroup.com or visit www.unitybayresort.com

A new era for Turkish investment property as Akbuk Resort Group signs deal with Ramada

by Charlotte Ashton Turkey

Turkey’s economy has been strengthening for years. By 2011 the country was ranked 18th in the world in terms of GDP(World Bank) while its economy was the fastest growing in Europe at 8.5 percent. With inflation falling and healthy growth predictions for the coming years, Turkish Prime Minister Recep Tayyip Erdogan is confident in his country’s ‘2023 Vision’ of becoming one of the top ten economies in the world.

Overseas investment makes up a significant part of the economy: in the past nine years, Turkey has absorbed $110 billion of overseas investment according to CNBC, while A.T. Kearney’s Foreign Direct Investment Confidence Index ranked it as the 13th most attractive destination for foreign investment in 2012.

With the number of tourists arriving in Turkey increasing year on year (reaching 31.78 million visitors in 2012), and overseas investment in the Turkish property market predicted to rise from $2.5 billion to $10 billion over the next few years, it is easy to see why award winning developer Akbuk Resort Group has identified Turkey as the ideal place for its stunning new Harmony Bay Resort & Spa.

Scheduled to open in 2014, the resort is attracting a healthy blend of business partnerships and individual investments. Agreements have just been finalised with Wyndham Hotel Group and Sophos Hotels, who manage a large proportion of the Wyndham Ramada resorts, meaning the resort will come under the Ramada brand as ‘Ramada Resort Akbuk.’

The resort, which boasts magnificent panoramic views across the beautiful Akbuk Bay and the Aegean Sea beyond, will feature a delightful hotel and a range of luxury suites. Its exclusive spa, fine dining restaurants and extensive leisure and fitness options will add to the attractions of the area’s stunning coastline and wealth of historical sites.

Lee Harley, Operations Director of Akbuk Resort Group, explains the development’s investment opportunities,

“Harmony Bay Resort & Spa has something to offer every investor. We are excited to be part of Turkey’s bright future and are offering a flexible range of investment options, in line with the country’s forward-thinking economic outlook. From full purchase to fractional ownership SIPP (Self Invested Personal Pension) investments, we are enabling our investors to generate lucrative returns by becoming part of one of the world’s fastest growing and strongest economies.”

Investment options begin at just £11,688 for fractional ownership, with full ownership prices ranging from £61,600 to £107,800. In line with its reputation for innovation, Akbuk Resort Group is proud that the development is Turkey’s first fully SIPP-compliant resort. Depending on the chosen investment option, returns can include 4% interest paid until completion, Rental Assurance of 8% for the first two years following completion and a clear exit strategy with buy-back options in year five.

With flexible, investor-friendly options such as these being offered, it is no wonder that overseas investors continue to be attracted to Turkey and to being part of the country’s bright and dynamic future.

In the face of a generally gloomy world economy, it seems there is nothing but good news for Turkey. Finance Minister Mehmet Simsek has reported that the economy grew around 3 percent in 2012 and is expected to grow by 4 percent in 2013 with The World Bank adding that it anticipated a further 4.5 percent growth during 2014.

For further information contact Akbuk Resort Group on +44 (0)845 230 5210