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Marina homes set to hot up along Turkey’s coastline

Posted on Jun 11 2013 by spotblue

Turkey is continuing with its ambitious plans to become more attractive to the world’s sailing fraternity and achieve a total yacht capacity of 30,000 by 2023, the year of the Turkish Republic’s 100th anniversary, by inviting tenders to develop  the Haliç (Golden Horn) Yacht Port and Complex Project in Istanbul.

The tender is open to foreign investors and will be held on 2nd July, 2013. Companies intending to bid for the tender must pay 50,000 Turkish liras to obtain the tender files. The amount of the bid bond has been set at 50 million liras. The news should be a shot in the arm for property in the local area and the mid to higher end of Istanbul’s property market.

In May, Turkey’s Ministry of Transportation also announced plans to extend the Fenerbahçe-Kalamış Marina yacht capacity from 1,300 yachts to 2,000 yachts. The Fenerbahçe-Kalamış marinas are just south of the Sea of Marmara and across the strait from Istanbul.

Marina developments are becoming increasingly popular in Turkey’s numerous Aegean and Mediterranean resorts, and for the savvy buyer can be a profitable long term investment. One notable marina built in recent years is the £50 million Didim Marina opened in September in 2009. Called D-Marin, it created an estimated 650 jobs once the retail side of the marina was completed and has helped the redevelopment of surrounding the residential and commercial areas.

Turkey’s most sought after marina properties arguably are on the Bodrum Peninsula, home to the smart marinas at Yalikavak, Bodrum town (Milta) and Turgutreis. These three areas are popular second home destinations of Istanbul residents, as well as foreigners.

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