Turkish golf resort to boost local property prices

Turkey

22nd October 2008
Overseas property
investors interested in buying in Turkey will be pleased to know that plans for a £22.8 million golf resort in the holiday hotspot of Altinkum have been given the green light.

Local planning officials and the Turkish Ministry of Culture and Tourism have approved the 18-hole golf course and residential village, which will boost the local property market, according to one professional.

"According to local press reports, Atlas has secured a 49-year lease to operate a golf and holiday resort in Altinkum," said Dominic Whiting, editor of the Buying in Turkey guide, buyingin.co.uk.

"This will be a major boost for the resort, particularly with the opening of the new 450-berth Didim marina next year. It will certainly broaden the area's appeal and have a positive affect on the property market."

According to buyingin.co.uk, over 8,000 British overseas property buyers have invested in the Aegean resort of Altinkum, which has new properties for less than £30,000.

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