Final phase of Horizon Sky launched
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News on Turkey
16 May 2008
Select Property has launched the final phase of Horizon Sky, an exclusive beachfront development in Bodrum, Turkey.
The development, which is situated on the seafront by the Aegean Sea, offers a selection of one- and two-bedroom penthouses or two-bedroom duplexes, with starting prices from €74,240 (approx £59,000).
In addition, there is a wide range of facilities, including 16 swimming pools, saunas, steam rooms, indoor and outdoor Jacuzzi areas, along with a selection of restaurants plus 24-hour security.
Select Property estimate that average property prices within the scheme will appreciate by around 45% by completion in June 2009.
Mark Stott, managing director of Select Property says: “Turkey is benefiting from huge amounts of investment, particularly in tourism. Already an increasingly popular holiday destination for Brits due to its long summer months and plenty of sunshine, there is now demand for high-end luxury accommodation too. Select Property chose the Bay of Gulluk due to growing interest in the area and the high potential for return on investment.”
Turkey’s property market is maturing at a rapid rate. The Turkish government recently pledged an estimated £73 million to be invested in tourism in 2008 with the aim of increasing tourism numbers from 20 million to 25 million. The growth in tourism is driving demand for property in Turkey.