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Located on the South Coast of Turkey, the region has gained huge acclaim by the world’s elite. Surrounded by the Aegean Sea, the popular region boasts its own harbour, with many shops, bars and restaurants that line the streets under the spectacular Bodrum Castle. Bodrum has a number of beautiful bays, beaches and traditional Turkish villages creating the perfect balance for a fantastic holiday experience. This is why properties for sale in Bodrum, Turkey are so highly sought after given their sustained marketability and high demand for rentals.

Due to a steady increase in demand over the past 5 years, Bodrum property has experienced strong capital appreciation. The advantages of its tourism-focused economy works two-fold, the increased tourism has lead to higher occupancy rates and therefore higher rental yields. Not only do owners of Bodrum properties enjoy strong year-on-year price growth, but they also gain regular rental returns due to the property’s rental yield.

Not only do properties in Bodrum benefit from the country’s growing tourism, but Turkey also offers excellent value for money due to the strength of the Lira compared to the Pound, Euro and Dollar. Average Bodrum beach property prices are considerably lower than the European equivalents meaning fantastic lifestyle investments are available.

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This trend was supported by a recent survey of Russian property investors, a group that has historically lead the rest of the world when identifying emerging markets. The report commissioned by OPP in conjunction with 1-Property.ru, a leading Russian property portal found that Turkey is in their top 3 places to invest. When taking a closer look into Turkey it is easy to see why it offers such an attractive investment.

Firstly, Turkey is one of the world’s fastest growing economies. Turkey achieved GDP growth of 10.3% in the second quarter of 2010 which is 8.3% higher than the EU average and more than doubles the growth rate of the best performing EU nation. More impressively, the OECD has forecast an annual growth of 6.7% in Turkey over the next 7 years which is higher than any of its member nations.

This growth has been built on the back of a strong banking platform and a stable financial system. It was actually the basic nature of Turkey’s banking sector that shielded it from the complexities of the global economic downturn. The government have supported this advantage and used the last two years to improve Turkey’s fiscal stability. Now these steps are being rewarded as banking security has created much more confidence amongst investors. This confidence is shared by the IMF Managing Director, Dominic Strauss-Kahn who said following news that the EU had allocated 2 seats to be given to emerging markets, “I think Turkey is the most suitable candidate for a post on the executive board.”

The second and most obvious reason for Turkey’s popularity amongst the investment community is its tourism success story. Helped by the weakness of the Turkish Lira, Turkey is quickly moving up the world tourism rankings (currently 7th) having nearly overtaken last year’s visitor numbers in the first 3 quarters.

Steven Worboys of Experience International, comments: “Turkey’s tourism levels as a whole in 2010 have been impressive with a 12 per cent increase in UK visitors recorded in the first nine months taking the total number of international visitors to 23 million so far this year according to the Turkish Ministry of Culture and Tourism.”

Growth is expected to continue further according to experts like the Conde Nast Travellers Magazine, which voted Turkey their No.1 destination and the Association of British Travel Agents who predict annual tourism growth in Turkey to accelerate from 20% to 25%.

The growing interest in the Turkish property market has already translated into increased sales. The Turkish General Directorate of Land Registry published figures showing over 32,000 UK investors alone buying in Turkey.

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Turkey’s ‘Tourist profile’ revealed Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Residential prices in Turkey rose after relaxation of foreign ownership restrictions in 2005. Buyers (mainly Britons, Germans and Greeks) poured $10.4 billion into the property market in 2002 to 2007 and prices increased at 7% annually over the past five years.

So why the boom?

Turkey experienced a 10% increase on 2007 tourists, totalling a staggering 27 million in 2008. Turkey has developed world class resorts that are popular with Europeans. As a result, demand for short-term accommodation in popular resorts such as Marmaris, Dalyan, Altinkum, Bodrum, Belek and Alanya has jumped.

Another factor driving this boom is access – Citizens of most EU countries, the US, Canada and some countries in Asia, Latin America and Africa can freely purchase properties in Turkey. The cost of living is a fraction of that in most developed countries, serious crime is low and its strategic location means it’s within close flying distance of most European and Middle Eastern countries.

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Turkey's residential property market comes up trumps Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Turkish markets and banks have done comparatively well during the recent crisis. Turkish policy makers have focused on explaining why Turkey is now different from other Markets, and why the credit is a different story here.

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"We can easily complete 2-3 investment projects in the next 18 months. These could be companies operating in health, logistics, transport and non-food retail sectors," the general manager said. He forecasts private equity investments in Turkey rising in the coming years. "Under the current circumstances, there's no reason why Turkey should not attract $3-5 billion private equity investments from 2009 annually," he said.

Carlyle, which has assets worth $82.7 billion globally, did not set up a separate fund for its first investment in Turkey as it has a global fund worth $35 billion to finance such investments.

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Carlyle Group invests in Turkey Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

State Minister Mehmet Simsek began with an opening speech at the conference, hosting 30 guests, including investors that manage portfolio venture capital and investors from real sector.

Dubai investors were informed of the phases Turkey has undergone in the last 10 years and why they should invest in Turkey, said Banu Baþar Çobanoðlu, managing director of EFG Istanbul Securities. “However, Dubai still knows little about Turkey.” Dubai investors are interested in the service sector, food, oil, pharmaceuticals, energy and real estate in Turkey, said Çobanoðlu.

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At a press conference held at Turkey’s stand at the fair, Gunay said that the country promises more than sea and sand and aims for a big increase in the number of tourists visiting the country.

“Of the 20 million people who came to Turkey this year, only 100,000 visited Mount Nemrut. Turkey has riches other than sea and sand. That is why we give priority to “four seasons, 12 months” tourism campaigns,” he said.

If the 2008 tourist season Gunay continued: “We plan to allocate $140-150 million for promotion this year. We will remove bureaucratic handicaps for tourism investors. We will make things easier for high-quality investments. But the protection of the natural environment is our priority.”

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Turkey to aim to welcome 25 Million Tourists in 2008 Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555