Date published: 01.09.08 - not release date

Select Property offers flexible 10 year payment plan on their latest Turkish development

Select Property, the leading supplier of high-quality overseas property for investment purposes has announced that it will offer purchasers a flexible ten year payment plan when buying in their latest development in the Bay of Gulluk, Turkey.

Removing the need for a loan or mortgage, which aren't yet commonplace in Turkey, Select Property is offering purchasers a 75% non-status lengthy payment plan for property in their new Horizon Sky development.

"Turkey is speculated to be the ‘New St Tropez’ and now our customers can take advantage of this exciting market, with the additional comfort that their low monthly installments can be covered by rental income", commented Mark Stott, MD, Select Property.

"Horizon Sky has all the elements required of a strong investment property, it’s ideal for our purchasers who want to generate revenue from weekly or monthly holiday-lets while the value of their property increases."

The New St Tropez…

Turkey as a whole is on the verge of becoming a mainstream international holiday destination with a 20% growth in tourist numbers each year for the past 2 years, and since Gulluk is yet to be developed it offers the financial benefits of investing in an early mover’s paradise.

Select Property believes that the parallels with St Tropez and the Bay of Gulluk are evident; The Bay will ultimately become the most exclusive waterside resort in Turkey. Plans have already been approved to create a 300 berth marina by 2010, with restaurants, designer shops and bars to follow. With this type of high profile development underway, a rise in property prices is expected to follow naturally with an increase in demand for modern, stylish property on the water.

Designed by award winning Turkish architect Eren Talu, Horizon Sky’s two bedroom/two bathroom Turkish townhouses, starting from £63,865, include a spacious lounge/diner, fully fitted kitchen, private garden and a second floor terrace. The finished development will offer a range of restaurants and full leisure facilities, including 16 swimming pools, a 100ft sundeck promenade and manicured gardens. A full concierge service will also enable properties to be rented as serviced apartments. The whole complex is due for completion in 2010.

About Select Property

Select Property was established in 2003 with the aim of enabling more people to benefit from the lifestyle and financial rewards of owning a property abroad. The company searches the world to identify those countries and regions which are considered investment hotspots - locations which can potentially make the strongest financial return. The company’s expert team then carefully selects every development in accordance with five key principals: ease of purchase, Price, Location, Desirability and Credibility. By using these principles as the benchmark for each development Select Property ensure its customers have access to an impressive portfolio of property.

Select Property currently offers property in Dubai, Turkey, Spain, Morocco and Bulgaria.

PR contact:

Helen White
Select Property
The Box
Brooke Court
Lower Meadow Road
Wilmslow
Cheshire
SK9 3ND
0161 4883912
http://www.selectproperty.com/invest/turkey/