Fly to Let investors looking for a low cost entry into the market will find the £24,000 price tag for a beachfront property in Turkey an attractive proposition.

The development is on the Kumburnu Peninsula near the resort of Çeþme in Turkey and will comprise of 253 units in the first phase due for completion by 2010.

Those buying off plan now will benefit from the pre launch 20 percent discount for cash payment and have an opportunity to reserve prime locations.

“This is an excellent investment opportunity,” said Robert Nixon, UK Operations of Turkey specialists Nirvana International. “Buying off plan offers opportunities for high returns which at this particular development are projected at between 60-70 percent in the first two years.

“This is because capital growth in the areas around the major tourist destinations was up to 35 percent pa over the last few years and the predicted growth for the following years in the region of between 35-40 percent,” he said.

The development is set on a peninsula with views of the Aegean Sea and surrounded by countryside.

The homes are to be fully managed and the seafront resort will have indoor and outdoor swimming pools. A private marina and 9-hole golf course are also planned. These facilities make the properties ideal for holiday rental all year round.
The location, 500 metres from a natural sandy beach, is five minutes from Mordogan, a seaside town with fishing harbour and weekly market. Mordogan has a climate of long hot summers and very mild winters. The development is also just 35 minutes from Çeþme with its chic hotels and marina.

A further bonus is that Turkey’s third biggest city, Izmir, a major investment and business centre, is not far away.

As well as the £24,000 one bedroom apartments there will be 2-bedroom apartments from £31,500, penthouses from £41,400, and villas and residences from £59,400.

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