International Property-Luxury Collection-Safe Havens
Magazine vol 18 no. 3
Safe-havens - Property Venture Commentary
"As tourists and homebuyers have sought alternative safe destinations beyond the Euro, at a time when less favourable exchange rates were on offer, Turkey has emerged as a serious second-home location.
It has a fledgling mortgage market, so interest rates tend to be higher than in the Eurozone, or the UK, with shorter mortgages terms. So cash buyers make up a significant proportion of the overseas property buyers here. The luxury end of the market is active and attracts Russian buyers as well as the British.
Turkey is the 17th largest economy (€958bn) in the world and grew at a rate of 8% in 2010, so it is an economic force to be reckoned with. Its population of 79 million is youthful and will help make it the 9th biggest economy by 2050 (according to Goldman Sachs). At €6tn, it would be the third largest economy in Europe after Russia and the UK.
Turkey is a Republican Parliamentary Democracy and a member of the European Court of Human Rights. It is a modern country with over 27million internet users, number 15th in the world. It joined the UN in 1945 and in 1952 it became a member of NATO. In 1964, Turkey became an associate member of the European Community. Over the past decade, it has undertaken many reforms to strengthen its democracy and economy; it began accession membership talks with the European Union in 2005, although progress is slow. All these act as indicators of the country’s political stability, particularly at a time of unrest in Middle East and Northern Africa.
Country stability, economic growth and a buoyant property market mean that Turkey is very attractive for second home buyers, who expect to see their properties appreciate in value as the standing of Turkey improves on the World stage."
Property in Gocek, Turkey
Newly-built, 4-bed, luxury detached Villan exclusive development near the sailing Port of Gocek, a beautiful setting in Turkey. Own pool, wooden decking, hot tub, marble flooring, feature fireplace, quality, fitted kitchen.
The exclusive development has a total of 11 luxurious detached villas, set within the beautiful pine forests and olive trees, overlooking the sailing port of Gocek. Located North-West of Fethiye, Gocek is a little-known haven of natural beauty, peace and quiet. This natural port with magnificent turquoise waters is a yachting destination where the rich holiday. The property is a 5 minute drive to the marina, shops and restaurants.
Each villa stands on its own plot and is built over 3 levels with 4 en-suite bedrooms. Ground floor has a solid chestnut front door, opening to a hallway with the sauna and cinema room on this floor.
First floor has open plan living area with Italian made fitted kitchen and open marble fireplace. Double doors lead on to a large wrap-around, terrace overlooking the swimming pool and Jacuzzi. Second floor has 2 double sized bedrooms with wooden ceilings with fans. Master bedroom has its own hot tub surrounded by raised decking.
£354,000 /€409,000 / $581,700
Property Venture +44 (0)1932 849 536. Turkey property for you to buy
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