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Great Location ! Gumusluk -  Bodrum
Exciting floor and site plan !
Enjoy the lifestyle and activities !
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• Return on Investment
• Buy in 3 Easy steps
• Legal Procedures
• Why buy Off-Plan?













• RETURN ON YOUR INVESTMENT


SINCE MAY 2003 NON-TURKISH CITIZENS PURCHASED OVER 2.5 BILLION DOLLARS PROPERTY.


Return on Capital

Recently there has been an explosion in real estate sales to foreigners around the
Turkish resorts of Bodrum, Didim and Fethiye. As it is difficult, if not impossible, to
avail of bank financing for a buildings off-plan in such a manner results in cheaper
house prices for the purchaser or alternatively the opportunity to sell the house on
completion and gain a considerable return on investment within a 6 to 18 month
period.


Houses currently being sold from project plans at a price of €50,000 could be
expected to make around €75,000. Subtract from this a generous budget of €5,000
for legal, realtor and stamp duty expenses and the resulting net return is 40 %.


Over the past five years properties around the Bodrum penninsula in the areas of

Gümüslük
, Türkbükü, and Yalikavak have increased by at least 100%. These areas
are especially popular with the Turkish ‘elite’. Prices in areas nearer to Bodrum are
rising more steadily.

 

Rental Return

Properties purchased for investment purposes may be rented as either holiday lets
to tourists or as year-round rentals to Turkish residents. Holiday villas in the Bodrum
area are currently being advertised at €300 - €400 per week from April to June and
at €400 - €500 from July to September. Dwellings of approximately 80 square metres
in the vicinity of Bodrum town are rented on a yearly basis for around €350 per month.


The advantage of a year-round rental is that there are practically no property
management expenses. Holiday-rental homes require constant management, and
fees for basic property management services such as house inspection and the
administration of household expenses (electricity and water bills, etc. ) are
approximately €50 per month.


With regard to yearly rentals, legislation in Turkey ( as in UK ) favours the tenant.
It is therefore advised that, when renting to a local on a yearly basis, a Turkish lawyer
draw up the rental contract.





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