BEACH & SPA RESORT
Set in unspoilt and beautiful nature of the Kumburnu peninula with stunning views over the Aegean sea and surrounding countryside. This naturally beautiful area with unspoilt beach is located only 35 minutes from Cesme which is one of the most prominent holiday resorts and ideally located near to the 3rd biggest metropolitan city in Turkey, Izmir.
The location that presents high capital growth potential, character and in expensive property. The resort sun rivalled and privileged location not only ensures opportunities for investors seeking short term investment, but the stunning beach front location ensures investor excellent exit strategy options.
Why Turkey
Turkey's favorable climate, archaeological sites and beautiful beaches make it a popular tourist destination, attracting around 20 million visitors per annum. As the Turkish economy continue to expand the possible membership of the European Union will further lift the economy. Ongoing government reforms are being introduced and the period of co-operation with business and overseas investors continues to develop to facilitate an ever increasing property market in Turkey. It is estimated that Turkey needs approximately 400.000 new residences each year. New mortgage law passed in February 2007 and has encouraged competition in the market by bringing down the interest rates and increased the homeownersip.
A REGION BASED IN PROSPERING PROVINCE, IZMIR (Smyrna)
Izmir, the pearl of Aegean, is the third largest city in Turkey. It lies on the west Coast of Anatolia and has a population of 3. 5 million. The region has been inhabitated since 3000AD. The port of Izmir is situated on the eastern side of the Bay of Izmir and is recognized as Turkey's best natural harbor. Greek, Roman, Byzantine and Ottoman, These different civilazations and cultures has left many traces and the region is rich in historical sites. From Izmir you can easily visit the House of Virgin Mary, Ephesus, Sardis and Bergama, and walk in the footsteps of Homer, Agememmon, Herodotus and Alexander. Historically this area was a famous trading centre and this tradition is still alive. Today, it is a centre of commerce and Turkey's opening gate to the world. Nowadays Izmir provides excellent shopping which with no doubt can competew ithany city in the world. Izmir enjoys a temperate climate with mildwinters and warm summers. Izmir is among the most popular destinations in Turkey both for domestic and foreign tourism. Besides historical and cultural tourism, Izmir offers natural resources for thermal,sea,windsurf, hunting and winter tourism.
Çesme-Mordogan-Izmir (Smyrna)
Cesme which is one of the most prominent places in Turkey blessed with thermal sources some of which can be found in the sea. Historical lyitis are treat for the wealthy people during summer holidays. Alacati attracts people from around the world for its favourable wind conditions and it is an internationally prized location for windsurfing. Mordogan is a sea-side town and it has been allocated for major tourist development. This charming local village is just 5 minutes away with a fishing harbor, daily fish sales and a very popular weekly market. Mordogan's population of 6.000 grows upto 20.000 during the summer season with the second homeowners. The area is very popular holiday retreat for Turkish people. The area is famous for its natural beauty, clean air and secluded bays with crystal clean sea. Mordogan has a characteristic Mediterranean climate with long hot and sunny summers and very mild winters.
The location at a glance
 Known as Kumburnu Peninsula
The International Adnan Menderes Airport 50 minutes
Centre of Izmir 50 minutes
Izmir city only 25 minutes
Famous Holiday and surf resort Cesme and Alacati 35 minutes
Mordogan town center 5 minutes from the complex
90 minutes to Izmir–Selçuk–Efes, Meryem Ana (The legendary Virgin Mary house and Ephessus)
The Izmir Technology Development Zone-20 km from our project
LEADING REGION FOR INVESTMENT
Izmir province
The region's excellent agricultural land and natural resources have made it home to many civilisations throughout history. Investments in tourism and industry, together with increased agricultural output has brought the region's growth rate above Turkey's average. The average income levels have traditionally been around 20% above the national average.
Population & Labour Supply
The city of Izmir covers approximately 12,000km² with a population of 3.7 million, making it the third largest city. There are six universities in Izmir. Furthermore, a number of vocational schools, most of them operating under the umbrella of universities, supply many sectors with skilled labour.
Access to Markets
Situated on the mid-west coast of Turkey, Izmir is a naval gateway to many markets.
The modern international Adnan Menderes Airport is located only 18km from the city centre and 50 minutes from the complex. A new international terminal building was opened for service in September 2006, which has a capacity to serve 5 million passengers, covering an area of 110.000m2. Most of the major flight operators from Western Europe operate all year around flights from many destination in Europe. British Airways, Turkish Airlines, Lufthansa, German Wings and Aeroflot are only few to mention. British Airways operates all year around scheduled direct flight from London Gatwick 4 times a week. There are numerous charter flights from UK during the holiday season. One of the main operator is Thomas Cook operating flight from these UK airports London Gatwick, Newcastle, Birmingham and also most of the western Europe countries: Austria, Belgium, Denmark, France, Germany, Netherlands, Norway, Swedenand Switzerland.
Izmir's Economy
One of the fastest growing regions in Turkey…
Izmir accounting for approximately 11% of Turkey's industrial production and it is one of the most productive regions in the world.
Phillip Morris, Delphi, Hugo Boss, AkzoNobel, Millenium Bcp and Volvo have a strong presence in the region. Izmir's traditional exports are agricultural products, foodstuff, textiles, clothing and iron and steel. Products such as cotton, figs, grapes, tobacco, olives and olive oil that form the basis of the Aegean agro-industry. The Aegean region has an important place in the production of food and agricultural produce both in local and export market and is one of leading exportes of cotton in the world. However, as a result of industrialisation, electronics, automotive, chemicals, ceramics, beverages and beer are replacing traditional export items in terms of volume of trade. Izmir accounting for approximately 11% of Turkey's industrial production and it is one of the most productive regions in the world.
In recent years, multinational companies such as GM, Rockwell, Philip Morris, British American Tobacco, Japan Tobacco, Dr.Otker, Carlsberg, Cementir, AkzoNobel, Tesco, Ikea, Hugo Boss, Delphi, Temamet, and many more have chosen Izmir as a base due to its advantageous location.
The Izmir Technology Development Zone
Izmir's Urla district is about to become a leading spot for Turkey's technological developments, as a French firm, CICOM, which supports technology zones in different countries, signs a contract with the Izmir Institute of Technology to make 4 billion worth investment. The zone occupies an area of 225.5 hectares on the campus of The Izmir Institute of Technology (IYTE). The Zone is ready to serve entrepreneurs with five buildings in 12.200 sq metres of enclosed space. The Zone is 45 kilometres from Izmir and 30 kilometres from Çesme seaport. French firm CICOM, which has helped found 18 technology development around the world, will give its support to the Urla Technology Development Zone, giving it the potential to be one of the leading technology zones in the world. “They will organize the region to provide services for small and medium-sized enterprises (SME) with limited research and development possibilities." Professor Zafer Ilken - member of the Izmir Technology Zone Management Board and the rector of IYTE
The zone can be reached by a three-lane highway, ferries, air after the completion of the Alacati airport and metro.
PROPERTY INVESTMENT IN TURKEY
Turkey is attracting significant levels of Foreign Direct Investment into its property market and the confidence of the investors is supported by the government ongoing infrastructure improvements and plans for tourism developments in all coastal regions.The arrival of the low cost airlines has significantly improved the competitiveness of the property investment in Turkey compared to other coastal countries in Europe. The foreigners have been buying properties since 2003 and after the new mortgage system was introduced in January 2007 which allowed foreigners to obtain a mortgage in Turkey the number of buyers has rapidly grown. The property market in Turkey is predicted to approach a'boom' period. The prices in the coastal areas of Turkey are predicted to increase by 40-50% in the following two years. The property prices are fuelled by increasing number of visitors. Currently the tourism industry in Turkey is ranked 11th in the world. This directly translates into opportunity for investors giving them option of either targeting the tourism rental market or use the tourism based demand for resale.
Seafront Resorts in Turkey |
