La Floracion

Three Year Rental Guarantee 8% With Personal Usage

A boutique development of apartments set in the prestigious coastal region of the Aegean Sea, located in the highly regarded resort of Didim and approx 45 minutes from Bodrum. This property offers a 3 year rental guarantee of 8% of the purchase price with the property being fully managed. After the initial guarantee period has ended, the properties will go into a rental pool with income being pooled for units of the same type. As an owner, income is therefore not dependent on the occupancy of the unit. The property can be used for your holiday as personal use is available by giving the management company notice.

This excellent development, situated by a golf course, provides a combination of 5* (UK certified) one, two and three bedroom properties including penthouses, 80% of which we are advised enjoy a sea view. Facilities on the development include an excellent swimming pool, with separate childrens pool, in addition to an aquarium, childrens playground, gymnasium, bars and restaurants.

Rental yields and capital expectation are forecast at good levels given the completion, within the next twelve months, of a $52 million new marina complex and the construction of the highway, which will improve transfer times. The reported arrival of a new airport in the area will also heighten demand. The area’s micro-climate offers a long season to assist with rental returns.

Another reason that the new properties in the area have risen in price so quickly is due to the lack of building land in the area. The majority of undeveloped land next to the marina is owned by the Turkish Government and cannot be used for house building, hence the remaining supply is very limited. In addition to the project being close to the new marina, it is also situated very close to Altinkum’s resort centre and close to public transport routes. A golf course is proposed for some of the Government land next to the marina, although plans have not get been finalised for this. Agreement has been reached for a second golf course to be constructed between Akbuk and Didim town which will assist in attracting tourists to the area. End Financing can be arranged by the developer on request. Properties will be sold on a freehold basis and the developer will guarantee the investor legal ownership.

The Location

Didum, a small popular holiday resort on the Aegean cost of western Turkey, is essentially a quiet family resort. However, the town boasts a range of hotels, discotheques, small bars, clubs, a weekly market and a waterpark together with the Lake Bafa National Park and the historic sites of Miletus, Priene and the Temple of Apollo nearby.

This beautiful area has long sandy beaches, clear blue sea and benefits from its own micro-climate allowing tourists and residents to enjoy the beaches and water-sports for most of the year.

The Turkish Government has recently designated Didum an investment area and, with the construction of the new Didum Marina and plans for golf courses and sports centres, tourism in the area is expected to increase along with property prices. Another boost to tourism has been the arrival of additional cruise ships to the bay bringing thousands of new tourists into the area.

Recognised as one of the healthiest places to live with its fresh, pure clean air, its unspoilt natural beauty, warm Aegean Sea, beautiful golden beaches and dry climate, Didum is the perfect place to relax and take it easy.

Turkey

Once solely a haven for vacations, however, Turkey has grown in popularity to become a property hotspot. Reputedly the sixth largest economy in the European Union and the 17^th in the world, Turkey attracts a monumental 25 million tourists per year, translating into solid rental yields. Experts forecast both increased international exposure and a dramatic property boom in Turkey.

With a population of around 70+ million, the Turkish property market is not reliant solely on foreign investment – there is a massive demand for quality accommodation from locals within the country. The economy in Turkey is continually growing: in 2005, it experienced a 5.5% growth.

Turkey’s pending inclusion in the European Union offers another reason to invest in this unique opportunity. Acceptance of Turkey into the E.U. will provide growth potential that is likely to boost the prices of Turkey real estate in the future. Property prices in Turkey are extremely affordable, particularly compared to places like Spain.