In a recent report from fly-2let.co.uk, Turkey is highlighted as the favoured location for buying a fly to let property. Tourism figures from Thomas Cook show that holidays to Turkey have risen by 28%, something which is confirmed by online flight service Skyscanner who also say that Turkish airports are in their top ten. With Turkey being outside the eurozone, this makes all the difference to property buyers and is sharply noticeable in the cheap cost of living. Property prices are highly competitive and the pound in your pocket goes further than more traditional locations. Overseas property buyers are now responding to the fact that the market is at rock bottom and are starting to look for homes. Nirvana International confirms this, saying that Turkish developers are offering "sale" prices for a limited period, showing their confidence that the market is moving apace. The most sought after properties are those with sea views. Nirvana is offering a discount of 30% on all beach front properties on Tuzla Terraces in the ever-popular Bodrum, only five minutes from the Vita Park golf complex and just ten minutes from the airport. The company believes that this summer may be the last opportunity to obtain a fantastic deal. Once the current new builds have gone, they believe that prices will revert to normal with no discounts available.
The Irish Independent ran an article about credit-busting holidays and says that Turkey is one of the 'few success stories in a year of carnage' for holidays. The article goes on to claim that the country has everything to be found in the best of the Mediterranean but at far cheaper prices. They highlight Artemis Travel which has reduced prices, with a two bedroom apartment to sleep six at Club Aegean Resort now only 290 euros a week during August. More information at artemistravel.co.ukTodayszaman.com brings to the attention of owners of property in Turkey the latest initiative of the Finance Ministry, who have started a new audit against tax evasion. They say that the Revenues Administration is to check out property sales to foreigners to ensure that the value of the property is not under-declared in order to avoid real estate taxes. The ministry will also be looking into hotels and foreign home owners who rent out their property but do not declare the income.
Property owners may be interested in the latest holiday home insurance being offered by Holiday Property Cover. Spending out on insurance is not really exciting but it is very important and gives peace of mind about your Turkish property. The company specialises in holiday property insurance, saying they aim to provide easy to find, specialist insurance protection at good prices. More information at holidaypropertycover.comMeltemi Flipflops is not just an unusual name but is also an unusual development in Turkey. It is an eco-friendly development in the pretty fishing village of Gulluk (Bodrum). This development has really 'green credentials' with high quality insulation, facilities to compost organic waste and special glazing for natural light. The materials are local as was the labour to build the complex. The development has a variety of properties from one bedroom apartments to penthouses and is only ten minutes walk from the beach. On site, there is a gym, restaurant, tennis court, two swimming pools, children's pools, bbq and a concierge. More details can be found at www.circleearth.co.uk
