Abkuk in Turkey designated as cultural and touristic development area

Turkey is on course to join the European Union in 2015 and in order to achieve this goal it is already introducing substantial changes in order to comply with EU standards. Perhaps the most important change is the introduction of mortgages which will allow a prosperous workforce to invest in property. The introduction of the mortgage will stimulate a demand for housing in the domestic market and will help push property prices forward to new heights.

Recently designated as a cultural and touristic development area, the seaside area of Abkuk is expected to benefit from capital appreciation as high as 35% within the next year. Julien Lu Regional Director of IMOINVEST says, “Turkey is on course to join the European Union in 2015 and in order to achieve this goal it is already introducing substantial changes in order to comply with EU standards. Perhaps the most important change is the introduction of mortgages which will allow a prosperous workforce to invest in property. The introduction of the mortgage will stimulate a demand for housing in the domestic market and will help push property prices forward to new heights. This coupled with a burgeoning rental market means that Turkey will be one of the most prosperous 'European' markets ever.”

In view of the dramatic changes now taking place in Turkey, IMOINVEST now have pleasure in introducing a new development in Abkuk. Ideally situated, being less than 1 hours drive from Bodrum international Airport and just 500 metres from the long sandy beaches of the Aegean, this area is expected to see perhaps the most significant price rises with conservative estimates up to 35% capital appreciation.

Asli 85 is a premier development of three bedroom detached villas which are ideal as a holiday home or perfect for the buy to let market. Each duplex villa offers uninterrupted sea views from their elevated position and come finished to the highest standards. Each villa offers six balconies and a 52 sqm roof top terrace along with extensive landscaped gardens. Depending on the stage of build there are numerous packages to be able to personalise the interior, which offers large open planned areas with fully fitted kitchen and bathrooms.

Julien continues, “The biggest benefit of purchasing at Asli 85 is that each investor receives a ‘free gratis’ plot of land approximately 200 sqm on the same development that can be used to develop at a later stage. This means that not only can developers expect up to 35% capital appreciation and good rental rewards but they could also develop and see their investment spiral to new heights.”

Since being designated as the Cultural and Touristic Development area Abkuk has seen a huge uplift in commercial and residential development to cater for foreign property investors. Construction has also begun on a local golf course and marina just 20 minutes away which will incorporate holiday villages and Turkey’s first ever 7 star hotel. Part of the ongoing infrastructure improvements in readiness for EU accession in 2015 means that there will also be a new airport road constructed which will reduce the transfer time to 30 minutes.

Prices at Asli 85 start from just £44,109 rising up to £68,539. For further information, visit imoinvest.com.