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How Turkey’s favourite development is defying the downturn

28th December 2009 Print
Horizon Sky, Turkey

With 400 of the 600 units sold, and 100 already completed and occupied, Turkey’s Horizon Sky set on the coveted Bodrum peninsula is doing more than surviving a global recession - it’s positively flourishing.  So what’s the secret?

Daniel Dias for developer Signature International, comments, “Horizon Sky possesses the perfect formula for both investment and lifestyle clientele.  Importantly we are the largest UK developer in Turkey and this offers enormous reassurance to the marketplace in terms of build quality and post-sale care.  Our product is peerless with mesmerizing views, countless on-site facilities and much of the 32-acre resort given over to green space.  Our clients buy in pounds sterling so they have no exposure to exchange rate fluctuations, meanwhile various payment plans are in place to help spread the financial load.  If anything the economic downturn has worked to our advantage as it has exposed the weaknesses of our competitors – both developers and locations.”

Location is certainly a key string to Horizon Sky’s bow.  Reassuringly out of the eurozone, therefore still able to offer a very favourable cost of living, Turkey has been a consistent performer in the overseas property market in recent years.  Bodrum is the longest-established and most elegant of the Turkish coastal resorts and has become a perennial favourite with yachties, beach lovers, golfers and Istanbul dwellers which all adds up to great rental potential.  EasyJet has also shown its faith having launched direct flights to Bodrum from March to October this year and the expectation is for the route to be extended year-round from 2010.

Some 35 minutes from Bodrum, on the sundrenched slopes of the Bay of Güllük dipping into the Aegean Sea, Horizon Sky is an upscale community of apartments, penthouses and villas.  The first resort in the area to feature an American-style Country Club House, Horizon Sky’s amenities are endless.  Skirting a private beach are a restaurant, sports bar and café, fitness suite, Spa facilities, mini golf, several tennis courts, grocery shop and no less than twelve swimming pools dotted throughout the community, including a heated indoor pool. 

A jetty and private water-taxi are already in operation to deliver residents and guests across the Bay to Güllük town whilst plans are going through the approval process for an 80-berth marina.  This asset will further enhance the investment and rental potential of Horizon Sky.  An on-site reception and concierge alongside a rental management office are also on hand to maximize occupancy throughout the year.  

The homes themselves are nestled amongst extensive planting complemented by waterways, waterfalls and fountains and display clean contemporary lines and European-standard superior specifications.  Granite worktops, white goods, wi-fi and air-conditioning come as standard whilst complete furnishing packages are available from as little as £7,995 gbp.  All units have private gardens or terraces, many with refreshing plunge pools or Jacuzzis.

Offering a choice of one and two bedroom penthouses, two bedroom duplex apartments and three and four bedroom villas, prices at Horizon Sky start from £76,800 gbp with a choice of staggered payments until completion in 2010/11 or five-, ten- or 20-year non-status interest-free payment plans.  Prospective purchasers can attend stay-on-site inspection visits managed directly by the developer.

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Horizon Sky, Turkey Horizon Sky, Turkey Bodrum Marina, Turkey