Bodrum Property Developer

August 23, 2010

New Chapter Open In Turkey EU Accession

Turkey takes a step forward on its path towards the European Union with the opening of a new chapter of negotiations on the environment.

“The fact that it is a difficult chapter means that we are entering a more serious phase of negotiations,” said Carl Bildt, the Swedish foreign minister for the rotating EU presidency, stressing that the enlargement process continues.

“It is an important step in relations between the EU and Turkey”, added Ahmet Davutoglu, Turkey’s foreign minister, hoping that in the future the negotiations will have “a greater impact” on preparations for the country’s accession to the EU.

“To open this chapter of negotiations, 26 different institutions and governments have worked diligently in Turkey”, explained Egemen Bagis, the Turkish minister of EU affairs, stressing the great attentions of Prime Minister, Recep Tayyip Erdogan, on environmental affairs.

Cumberland Properties enthusiastically welcomes this national focus having long been champions of environmental considerations when constructing property in Turkey.

Currently building is in full swing at Cumberland’s Woodland Regency project set in the heart of a beautiful, 5.4-acre, tranquil forest of pine and olive trees, abundant with wildlife, and conveniently located in the village of Konacık, much in demand by investors due to its close proximity to Bodrum’s elegant town centre and its ease of access to the peninsulas many other idyllic villages.

After constructing and selling property in Turkey for many years Cumberland Properties had already implemented measures to use during their building processes to become more environmentally friendly but great lengths are being taken to preserve the indigenous flora and fauna whilst works continue. Not only content with this unique approach to the construction of property in Bodrum, Cumberland Properties are also looking to enhance the natural environment.

Cumberland’s Landscape Architect Gözde Tavaslı’s careful selection and eye for detail extends beyond simply her choice of plants, cultivated at Cumberland Landscaping and Design, to compliment the natural landscapes, but also to areas such as the provision of nesting boxes in the woodland to encourage the already prolific diversity of birdlife to flourish further.

There can’t be many busy construction sites where sheep, geese and free-range chickens peacefully graze in the adjacent fields!

Currently at Cumberland Landscaping & Design stock exceeds 20,000 flowers, shrubs, trees and herbs all being grown simultaneously. Palm trees from seeds, basils, daises, cacti, roses and banana trees are the more recognisable names but the majority are local flowers and perennial plants that help Cumberland achieve a constant stream of blooms in their gardens.

Cumberland already had a fine reputation across the Bodrum Peninsular as a “green” developer in Turkey. But ever environmentally conscious and certainly not content to rest on their laurels (pardon the pun) they have dramatically expanded this side of their business.

With the acquisition of an additional site, just south of Bodrum Milas Airport – keep an eye out for it beneath the “Cumberland Properties” sign on the right hand side of the main road as you travel south toward Bodrum – they will be able to better serve the local community.

This expansion has been fuelled, in part, by an increase in demand from other local developers and wholesalers who clearly envy their green fingers!

Cumberland Landscaping & Design not only aim to expand their business to cater for this sector of the market but also to offer their services to the wider community by the provision of a retail outlet.

Gözde Tavaslı will also be extending her services and considerable expertise by offering her talents not only within Cumberland but also on a consultancy basis to other developers as well as members of the general public.

For more information on Woodland Regency contact: Volkan

For more information on Cumberland Landscaping & Design contact: Gozde

August 9, 2010

Turkey A Location That Is Much In Demand

Filed under: Bodrum Property Developer, Turkey — Tags: , — admin @ 9:31 am

Turkey remains in the top 5 holiday destinations globally with just under 30 million tourists flocking to its stunning beaches annually. Turkey’s superb climate which, boasts over 300 days of sunshine a year, together with its alluring quality of life, help to sustain this position.

Turkey itself is in the midst of a property boom. Turkey’s current accession talks for membership of the EU, with likely inclusion as a full member in the near future, are progressing at a meteoric pace and are adding to the burgeoning interest in the Turkish property market.
Turkish property still offers massive potential for returns on investment. Last year property prices rose by circa 50% with a proportionate increase in people looking to purchase homes in Turkey. This year has seen prices increase by a further 30%. This extra demand is set to push prices up significantly and further underpins the market.

Since its application for EU membership, Turkey has received a host of foreign investment that will contribute to fast improvements to its infrastructure in readiness for EU inclusion over the next ten years. Already improvements are in evidence, with the recent refurbishment of the main road between Milas-Bodrum Airport and Bodrum. Additionally, there has been further investment from both Europe and Russia in relation to the respective Nabucco and South Stream pipeline projects.
Corporate investors are creating new resorts, golf courses and other tourist facilities and these are clear indications of a growing tourist economy that will continue to boost capital growth for today’s property investments.

The most popular spots for tourism and property purchase are along the Aegean and Mediterranean coasts and over the past eighteen months, the number of Britons owning property in Turkey has increased by more than 200%. It is now possible for foreigners to obtain local mortgages, further encouraging this emerging market.

It’s not just property investors who are showing a strong interest in Turkish property at the current time. Due to the low cost of living and beautiful natural resources Turkey is also an appealing location for second homes and a popular retirement destination for many Europeans.
The most popular searches for Turkey property are for Bodrum property.

August 3, 2010

Cumberland Landscaping & Design

Filed under: Bodrum Property Developer — Tags: , — admin @ 2:21 pm

Cumberland already have a fine reputation across the Bodrum Peninsular as a ‘green” developer in Turkey. But ever environmentally conscious and certainly not content to rest on our laurels (pardon the pun) we have expanded this side of our business. With the acquisition of an additional site, just south of Bodrum Milas Airport – keep an eye out for us beneath the “Cumberland Properties” sign on the right hand side of the main road as you travel south toward Bodrum – we will be able to better serve the local community.

This expansion has been fuelled, in part, by an increase in demand from other local developers and wholesalers who clearly envy our green fingers!

With the appointment of Gözde Tavaslı we aim not only to expand our business to cater for this sector of the market but also to extend our services into the wider community by the provision of a retail outlet.

Gözde will also be lending her services and considerable expertise by offering her services not only within Cumberland but also on a consultancy basis.

For more information contact: gozde@cumberlandproperties.net
or visit: www.cumberland-properties.com

April 17, 2009

Tourist hubs see boost in residential sales following government tax incentive

A reduction of the value-added tax (KDV) in the real estate sector, part of government’s efforts to fend off the ongoing global financial crisis, has led to an increase in the sale of residences in Turkey’s prominent tourism destinations.

After experiencing a 70 percent contraction in sales amid global financial turmoil, real estate agents in Alanya and Bodrum said sales had increased by 40 percent in just the last few weeks compared to the period prior to the KDV cut. Upon hearing of the tax break, parties interested in buying property here came from Norway, Denmark, Germany, the Netherlands and Ireland.

Alanya Real Estate Agents Association (ALEKOD) President Kerim Balıktay said the KDV reduction was the perfect “medicine” for the ailing sector. Underlining that they expect to sell some 10,000 residences in the coming months, he said they hope to earn 1 billion euros from the sales.

Bodrum Real Estate Agents Union (BEMDER) President Ömer Yetgin said sales in Bodrum increased by 45 percent following the KDV reduction. “Our sales contracted by around 90 percent, but now there is great interest — especially among foreigners — in the purchase of residences. Some of our colleagues had no chance but to close their real estate agencies amid a terrible financial bottleneck; however, there is a serious recovery in the market, at least for the time being,” he said.

Noting that the lowered KDV had reinvigorated the sector, Fethiye Real Estate Agents Union President Nevzat Tilkici said the price of residences fell by 40 percent compared to previous years. He said they had seen a 50 percent increase in sales, particularly in Side, Datça and Çeşme.

Nevzat Ersoy, the head of contractor Ersoy İnşaat, said their customers predominantly come from Norway, Denmark and the Netherlands. Tourists mainly choose residences by the seaside or with a view of the forest, he said.

Prices of residences in tourism hotspots

In Alanya, Antalya province’s famous tourist center, prices vary between 35,000 euros and 200,000 euros. In some of the most attractive parts of this famous district, a triplex villa with a view of the sea sells for 150,000-400,000 euros.

In Fethiye, know as the “pearl of the Aegean,” residences go for 30,000-100,000 euros, while prices in Bodrum, famous for its natural beauty, hover around 50,000-240,000 euros.

March 6, 2009

Property in Bodrum - Seaview Regency

Filed under: Bodrum Property Developer — Tags: — admin @ 12:32 pm

If your thinking about buying property in Turkey then there is only one place you should be looking, Bodrum, and Cumberland Properties have the homes for sale in Bodrum for you.

As the pride of the Turkish Riviera, the Bodrum peninsula is a holiday haven for Turkeys high society and you too can join this exclusive club of Turkish property owners and get that dream lifestyle you desire.

The Bodrum Peninsula in south-west Turkey literally has something for everyone and that is the reason why so many people are not just buying property in Turkey but are buying property in Bodrum. From pretty fishing villages and idyllic secluded bays, to the energetic bustle of Bodrum town and its plush bars and clubs, it is easy to see why it has become known as ‘the St. Tropez of Turkey’.

Cumberland Properties Seaview Regency Prestige development consists of 19 beautifully constructed villas, showcasing modern property in Turkey at its best. 13 two storey detached villas and 6 three storey semi-detached villas combine to make it the quintessential development of Turkish property in Bodrum.

Each villa is open-plan, styled to create a light and airy ambience, crafted to fashion an exquisite atmosphere, emanating class and making it fabulous for both entertaining and relaxing. The elegantly laid out landscaped gardens and uninterrupted views of the Aegean Sea reinforce the sense of opulent living as you realise your dream of owning property in Bodrum, whilst access to a large pool terrace with a bar and sun loungers completes the holiday feel.

The elegant and stylish Seaview Regency Prestige development is located on a gently sloping hill overlooking the bay of Küçükbük amongst some of the most dramatic scenery on the peninsula. This property in Turkey is nestled between the tranquillity of Gündoğan and the glamour of Göltürkbükü; only a 5 minute walk to a sandy beach and only 15 minutes away from the cosmopolitan town centre of Bodrum. Gündogan village itself is small and calm with clean and enjoyable beaches, cafes and restaurants providing local food with an authentic ambiance.

All of our properties in Turkey are built to the highest standards and we only use quality materials and fittings to guarantee you piece of mind. This is what makes Cumberland’s Properties homes for sale in Bodrum the very best around.

January 26, 2009

Property investment in Turkey- The golden years are coming back

Filed under: Turkey — Tags: — admin @ 4:56 pm

bodrum

In a recent article by the Nour Group Turkey they take a look at the future of property investment in Turkey.
“The property sector is like a fashion trend. Every few years it repeats itself.” The article begins “The last of the golden years for a large property investment boom in Turkey began in 2003 and carried on strongly until 2005. The last preparation year was 2002 when a new law was passed, and foreign nationals were allowed to purchase real estate in Turkey in their own name. Well be prepared. The year to get ready for the next big property boom is 2009. The next set of golden years for Turkey’s real estate market will be in 2010, 2011, and 2012.” This appears to echo the thoughts of many in the industry.
It continues by saying that “According to a representative of Garanti GYO, interest in Turkey investment property has intensified because the market sector has been averaging 40% returns while the rest of Europe floats around 5% growth. Obviously these levels of potential profitability are of great interest to corporate investors and it is worth taking into consideration that Dubai Holding’s commitment to the Turkish property market represents their largest international financial investment which just goes to show how certain they are of the large profit margins in Turkey.
There are also many opportunities to buy into investment properties in Turkey for private investors; in Istanbul many construction companies are creating brand new residential communities that are certain to represent a positive investment. Along the southern Turkish coastline in particular developers are involved in the development of spectacular resorts in huge demand from tourists and second home investors. Private investors can consider aiming for investment property to rent out to the tourism market; alternatively even buying property in Turkey off plan to resell to the growing base of overseas buyers seeking individual properties in Turkey.”
The article goes on to give examples of investments in both Istanbul and Antalya, however all of the areas along the Turkish Riviera will similarly affected.
“Compared to all the global emerging real estate markets, it is possible that Turkey’s property market is top choice for private investors looking for a suitable balance between risk and reward. Turkey continues to politically and economically emerge; there may be risk, but as it counterbalances this ever decreasing risk is also an ever increasing potential to profit from property in Turkey.
Property investment in Turkey is equal with choice as an investor has a choice of location, investment approach, target market and undeniably an unsurpassed diversity of property advantages.”

Source - www.nourgroupturkey.com

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