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The Point completed summer 2009 and the iconic Torch tower, located at the entrance of the marina is due for completion summer this year. With exceptional rental returns available on complete property and fantastic deals available on off-plan Dubai property for Sale, Select Property's projects deliver on price, location and investment.
A rising tourist destination, Turkey is competing with the most popular European countries such as Greece, Italy and Spain as the most favoured place to holiday. Ranking in the Top 3 best value holiday destinations and with the 15th largest economy in the world, this has fuelled the demand for quality Turkish real estate. Gaining increased popularity with many lifestyle property investors is the area of Bodrum, home to Horizon Sky Beach Resort. Horizon Sky offers high-quality properties with unbeatable payment plans and exceptional facilities. primark online shopping. These 2 bedroom, sea-facing properties are not to be missed.
Will Turkey’s “wealth amnesty” program help increase market liquidity?
Several countries around the world are focusing on increasing liquidity in their respective markets due to the global economic climate. Turkey has ensured this by launching the “wealth amnesty†program. This program basically ensures that all Turkish citizens are able to invest funds back into their country with ease. Such incentives and policies have ensured that Turkey and Turkey property is, to an extent, protected from the current global economic climate.
The “wealth amnesty” program targets the investments of expatriates abroad who are citizens of Turkey. Investments from Turkish expatriates living abroad have already reached 13.5 billion Turkish Lira, since the launch of the program. These investments are expected to continue flowing into the country as more Turkish expatriates invest into the country before the program reaches its deadline.
The wealth amnesty program is thought to have been successful, as the capital of 13.5 billion Turkish Lira meant that there was extra liquidity in Turkey. Investment into the country by expatriates was also previously encouraged by the government when they introduced tax cuts and financial incentives.