On The Horizon

Select Property, the leading UK based overseas property investment company, has launched the final phase of Horizon Sky, an upmarket holiday destination located in the scenic Bay of Gulluk, Bodrum, Turkey.

This exclusive beachfront development is situated on the seafront by the Aegean Sea providing stunning views over the Turkish bay. The property offers a selection of one and two bedroom penthouses or two bedroom duplexes, with starting prices from £58,457 (€74,240). Purchasers can benefit from Select Property’s payment plan where they pay only 35% during the build period with 65% mortgages available on completion.

Capital appreciation is predicted to be 45% by completion in June 2009, and along with the large amount of inward investment it is sure to lead to high property and rental prices. In addition, with Bodrum’s long summer period and exclusive tag of the new ‘St Tropez’ this offers investors excellent rental prospects.

Commenting on the ever-growing popularity of the area, Mark Stott, Managing Director of Select Property says:

“Turkey is benefiting from huge amounts of investment, particularly in tourism. Already an increasingly popular holiday destination for Brits due to its long summer months and plenty of sunshine, there is now demand for high end luxury accommodation too. Select Property chose the Bay of Gulluk due to growing interest in the area and the high potential for return on investment.”

Horizon Sky has been designed by one of Turkey’s leading architects, Eren Talu who is renowned for his prestigious and contemporary designs. The development boasts a wide range of facilities, which include 16 swimming pools, saunas, steam rooms, indoor and outdoor Jacuzzi areas, along with a selection of restaurants plus 24 hour security.

The beautifully designed waterfront properties also come complete with their own private beach club and are the first in the Bodrum region to accommodate a country-style club house that is situated on the beach.

As one of the most sought after destinations in Turkey, The Bay of Gulluk, Bodrum boasts natural beauty, golden beaches and miles of clear coastline. With 10 months of sunshine a year and only 20 minutes from Bodrum’s airport, the region has become one of the main Turkish hotspots for Europe’s Elite.

Turkey has long been a market leader in overseas property investment with a growing population of over 70 million providing a strong property market and an excellent investment opportunity. The Turkish government recently pledged an estimated £73 million to be invested in tourism in 2008 with the aim of increasing tourism numbers from 20 million to 25 million. This enormous economic growth has fuelled demand for high quality accommodation, and property prices are rising sharply.


03/07/08