NEW MARINA IN DIDIM – ALTINKUM
The layout of Didim D-Marina, opened in summer 2009, revealing for the first time the extent of a new "hub of life" on the 70 acre site.
The marina has a yacht club (pictured below), there will be a heliport pad for the rich and famous to land helicopters direct on the site, a capacity for 623 berthed yachts and 600 yachts in dry dock, a yacht lift for 300 and 100 tonnes, and a swimming pool.
The marina will serve mainly yachts of 75 - 150 metres long, such as mega-yachts which are increasingly in popularity on the Aegean and east Mediterranean seaboard.
There will be also a shopping centre, supermarkets, yacht equipment shops, a fitness centre and sports facilities, banks, a petrol station, restaurants and a cultural centre.
The marina will also crucially have ferryboat management for cruises to the Greek islands of Kalimnos, Kos and Leros, as well a customs post, pot authority facilities, a passport control unit.
Didim D-Marina is being built on a build-operate-transfer for 25 years by Dogus Group, one of Turkey's leading construction companies.
The 52 million dollar project will be the key to providing a 12-month tourism economy for Altinkum and the rest of the resort.
Yachtsmen will be keen to use the marina as it is on the Cesme, Kusadasi, Bodrum, Datca and Marmaris routes, while ferry boats from the Greek islands of Kos, Samos, Kalimnos, Leros and Patmos would be an added draw.
The largest wind energy plant on the Aegean stands over Didim Altinkum
The largest wind energy plant on the Aegean – and standing tall over Didim – will be switched on in December to give a much needed power boost to the local electricity grid.
Twelve of the 15 turbines, built on the slopes above Yeşiltepe in the Saptalan area of Ak-Yeniköy, are now complete and in readiness for the 75 million YTL plant to begin. The remaining three turbines will be finished in December.
The turbines, to be operated by Turkish company Ayen Corporation, have been produced and assembled by Indian-based experts at Suzlon Energy, which has the biggest share in the world of wind energy production.
Property investments in Turkey
Olive Garden 3 Bedroom Villa at Akbuk Turkey
This stunning Villa starts from just £116,000
Keeping aside the low/high standard of living offered by this country, several major factors have contributed towards Turkey reaching the current position in property scenario. The Pound for Pound, Euro for Euro, price per square foot or meter, is considerably low in Turkey than in other European destinations.
Turkey offers best of both worlds i.e., very low prices of a market which is in its early stages of development, coupled with established rental prospects for those who are seeking it. The comparatively low prices offered by Turkey, and the potential for major increase in future have been drawing thousands from around the world to plunge into an investment in Turkey realty market. Unlike most other European countries wherein majority of the land area is privately owned, much of land in Turkey is still held by the state. Such a situation helps in simplification of procedures in case of public works or investments, rather than costly expropriations
Another noteworthy aspect of property market in Turkey is that there is a huge demand for property market from within Turkey itself, due to the massive native population of about 70 million, and hence, the market does not rely on foreign investment. Turkey has been considered to be a highly dynamic country by World Trade Organization. Current property trends in Turkey. The current property trends indicate that Turkey is catching attention of both East and the West, strengthening its reputation as a country that includes both cultures.
Being one of the top ten holiday destinations, Turkey attracted about 24million visitors last year, and the figure is likely to go up year after year, with the government taking initiatives to lure more investors and tourists, offering cheap travel and improved fuel times. Turkey attracts holidaymakers all year through, from various destinations due to its good rental returns. This January and February Turkey attracted about 280,000 people from Eastern Europe. It is also popular among Germans, the largest foreign tourist group to have visited Turkey in 2007.
The Turkish government plans to increase the number of tourists from 23 million to 50million during the next 15 years. With the tourism and revenue increasing year after year, plenty of opportunities are open for investment in Turkey, with rental demand being at an all time high.
Beginning January 2008 foreign investors are granted permission to apply for a mortgage within Turkey. This revision of laws is intended to promote foreign investment, replacing the earlier hurdle faced by investors, wherein they had to finance their Turkish property through cash purchases or mortgages within their native country. Turkey is the latest hot spot for property investors. Apart from low prices, the on-going inclusion in the EU and the strong economy makes it one of the best property investments today. Property prices in Turkey are very competitive, revealing all possible indications that the Turkish property will rapidly appreciate with the introduction of more flights mortgages and more mature EU application
