A recent report in the Daily Mail has been outlining the potential benefits of buying a property in Turkey, as factors such as the strength of the Euro, the relatively low cost of living, and superb climate produce a seductive combination for potential investors.

Since the relative strengthening of the Euro in relation to the pound, people looking to buy property overseas have tended to focus on countries outside of the Eurozone, with Egypt and Turkey seeing increased interest in recent months.

Stephen Hughes, Director at Foreign Currency Direct told the Mail that they had seen an increase of 36% in exchanges of Sterling into Turkish Lira. Hughes went on to say “The Turkish Lira has increased by 6.5% against the pound in the past year, which means that those who changed to lira find their money goes much further than before.”

Whilst many investors have been attracted by the opportunities in the major cities such as Istanbul, the majority of the investment from abroad has looked to capitalise on Turkey’s rapidly expanding market for tourism. In particular, resorts such as Bodrum, Fethiye and Altinkum have proven exceptionally popular with both investors and holidaymakers looking for a permanent home in the region.

The picturesque coastal town of Fethiye is situated in the popular Aegean region, on the west coast of Turkey. Located on the site of the ancient city of Telmessos, there are still a number of ancient ruins in and around the modern day Fethiye which can be easily visited by tourists.

Recent years have seen a huge growth in the numbers of tourists visiting the Fethiye region, and today approximately half of the towns 68,000 population are said to work in its tourism industry. Attracted by the regions historical ruins and superb beaches, Fethiye is today one of Turkey’s most visited tourist destinations, drawing visitors from both home and overseas.

Following on from this increase in the levels of tourism in Fethiye (and indeed throughout Turkey), the region has become increasingly popular with people looking to purchase property. Investors seeking to capitalise on the regions burgeoning tourist trade, and holiday makers and tourists looking to purchase a holiday home make up the majority of these international purchases.

Today, modern day Turkey is a hotbed of international property investment, and destinations such as Altinkum, Bodrum and Fethiye have become increasingly noticeable on the radar of international property investors. Following the removal in 2003 of restrictions on foreign nationals purchasing property in Turkey, it is estimated that over 60,000 properties in Turkey have been sold to foreign nationals. This huge growth in the number of properties in in Turkey being bought by overseas purchasers now amounts to over $10 billion foreign direct investment.

Being one of Turkey’s most popular tourist destinations has resulted in Fethiye being one of the key beneficiaries of this increase in overseas investment property in Turkey. Today, there are a large number of new property developments in Fethiye which look set to ensure that the growth in foreign direct investment in the region is set to continue.

>> More information on property in Fethiye

>> Official Turkey tourist information website

The Rose Garden apartments are a superb project situated at the northern tip of the beautiful Bodrum Peninsula. The apartments will offer residents the perfect location, only 60 metres from the sea, and yet only 10 minutes drive from Bodrum airport. A new marina for the town is also in the process of being built, and this will be only a few minutes walk from the apartments.

The Rose Garden complex will consist of 91 units, comprising of 80 apartments and 11 commercial units. Without doubt, the Rose Garden is the perfect location for people looking for a holiday home, or the investor looking for sustainable long term returns.

Rose Garden Location
The Rose Garden apartments are located in the picturesque coastal fishing village of Gulluk, at the northern tip of the Bodrum Peninsula. Removed from the crowds of Bodrum, Gulluk has managed to retain much of its original ‘fishing village’ charm, and even today you can feast on the ‘catch of the day’ in one of Gulluk’s many restaurants.

Rose Garden – Features and facilities
- Fully fitted kitchens
- Communal swimming pool for residents
- 24 hour security Internet and phone connections throughout the complex.