Obelisk International Recognises the Potential of Real Estate Market in Bodrum, Turkey
In Turkey, where the economy has grown at a rate of 7% for four consecutive years, and the tourism market makes up 10% of the country’s employment, Obelisk International has identified the town of Bodrum as a wise choice for the potential real estate investor, for a number of reasons.
As one of Europe’s most promising emerging property markets, Turkey is attracting attention from overseas property investors for a host of reasons, from its growing economy, fast-growing population, and positive outlook for tourism. Within this exciting climate, Obelisk International has identified the Bodrum Peninsula as having particularly strong potential as an investment choice this year.
Of all the visitors to Turkey, around 70% go to Bodrum, so its popularity as a tourist destination is already established. The town’s exciting nightlife ensures its popularity with young people, both Turkish and foreign visitors, which supports the strong demand for property in the town. Bodrum has already established a reputation as one of Turkey’s more upmarket destinations, and development is on-going. Recently, a new airport and two new marinas have been added to the list of amenities Bodrum already offers.
The Obelisk International research team has recognised the Bodrum area as unique within Turkey as it offers investors the benefits of an established resort, but with the advantages of an emerging market. Over the last few years, the improvements to its infrastructure have led to an increase in real estate prices of between 40-50%. However, despite these prices rises, property in Bodrum is still easily affordable by the standards of overseas investors, and has strong investment potential for the future.
Bodrum has attracted a growing British community over recent years – around 2,000 Britons in the last six years – which means that there is a larger number of English speakers in the town, making it a more appealing option for British holidaymakers and those wishing to relocate. Bodrum is also drawing increasing attention from Turkey’s considerable domestic market, as more and more Turkish celebrities are choosing to spend their holidays in the area.
Recent reports have revealed the latest attraction Bodrum has to offer visitors. In order to avoid the traditional lull in visitor numbers (and so rental returns) experienced during the low season, Bodrum is moving into spa tourism. Bodrum’s Hotel Kempinski Barbaros Bay, which opened last year, is the first to focus on spa tourism, and more are expected to follow.
Market Analyst at Obelisk International, Veronica Castro, comments: “As larger hotels move into the area, it is forecast that this will open the doors for winter tourism generally, with increased charter travel and more facilities open year-round. This will benefit the economy of area, and means a positive outlook for buy-to-let investors.”
For more information on global investment opportunities and to find out about Obelisk International's latest projects, contact Kevin Prior, Sales Director, Obelisk International. +34 952 820 319 or kprior@obeliskinternational.com
About Obelisk International.
Obelisk International is a real estate investment company providing global investment opportunities that offer security, tangibility and impressive financial performance. Their service to investors is based upon three main principles: price, profit and performance.
CONTACTPress Contact: Santiago Sanchez-Lozano, Marketing Director, Obelisk International, +34 952 820 319 or santiago@obeliskinternational.com - http://www.obeliskinternational.com/
As one of Europe’s most promising emerging property markets, Turkey is attracting attention from overseas property investors for a host of reasons, from its growing economy, fast-growing population, and positive outlook for tourism. Within this exciting climate, Obelisk International has identified the Bodrum Peninsula as having particularly strong potential as an investment choice this year.
Of all the visitors to Turkey, around 70% go to Bodrum, so its popularity as a tourist destination is already established. The town’s exciting nightlife ensures its popularity with young people, both Turkish and foreign visitors, which supports the strong demand for property in the town. Bodrum has already established a reputation as one of Turkey’s more upmarket destinations, and development is on-going. Recently, a new airport and two new marinas have been added to the list of amenities Bodrum already offers.
The Obelisk International research team has recognised the Bodrum area as unique within Turkey as it offers investors the benefits of an established resort, but with the advantages of an emerging market. Over the last few years, the improvements to its infrastructure have led to an increase in real estate prices of between 40-50%. However, despite these prices rises, property in Bodrum is still easily affordable by the standards of overseas investors, and has strong investment potential for the future.
Bodrum has attracted a growing British community over recent years – around 2,000 Britons in the last six years – which means that there is a larger number of English speakers in the town, making it a more appealing option for British holidaymakers and those wishing to relocate. Bodrum is also drawing increasing attention from Turkey’s considerable domestic market, as more and more Turkish celebrities are choosing to spend their holidays in the area.
Recent reports have revealed the latest attraction Bodrum has to offer visitors. In order to avoid the traditional lull in visitor numbers (and so rental returns) experienced during the low season, Bodrum is moving into spa tourism. Bodrum’s Hotel Kempinski Barbaros Bay, which opened last year, is the first to focus on spa tourism, and more are expected to follow.
Market Analyst at Obelisk International, Veronica Castro, comments: “As larger hotels move into the area, it is forecast that this will open the doors for winter tourism generally, with increased charter travel and more facilities open year-round. This will benefit the economy of area, and means a positive outlook for buy-to-let investors.”
For more information on global investment opportunities and to find out about Obelisk International's latest projects, contact Kevin Prior, Sales Director, Obelisk International. +34 952 820 319 or kprior@obeliskinternational.com
About Obelisk International.
Obelisk International is a real estate investment company providing global investment opportunities that offer security, tangibility and impressive financial performance. Their service to investors is based upon three main principles: price, profit and performance.
CONTACTPress Contact: Santiago Sanchez-Lozano, Marketing Director, Obelisk International, +34 952 820 319 or santiago@obeliskinternational.com - http://www.obeliskinternational.com/
posted by Obelisk International at 11:17 am
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