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Harmony Bay, Turkey.

Harmony Bay, Turkey

Capital Growth, Income, Return - High
CURRENTLY ALL UNITS ARE SOLD, HOWEVER, THE ODD RESALE UNIT DOES BECOME AVAILABLE.

PLEASE COMPLETE THE FORM BELOW TO BE NOTIFIED OF UNITS AVAILABLE, OR, TO BE ADDED TO OUR NOTIFICATION LIST.

Tourism in Turkey is currently growing year on year and there does appear to be a genuine need for more quality resorts within this popular location.

Over the last decade the Turkish economy has shown a sustained upward performance with stable growth, allowing them to expand throughout a time when many other European economies have been unable to recover from the global financial turmoil, becoming one of the fastest growing economics in the world. The government is ambitious – looking to continue its economic growth and become one of the worlds top 10 economies by the middle of the 2020 decade.

Coupling the strong economic security with the breathtaking scenery and vibrant culture that Turkey has to offer, the ancient country is set to maintain its position as one of the fastest growing tourism markets in the world.

Harmony Bay Resort is ideally placed on the renowned coastline between Bodrum and Kusadasi with exceptional panoramic views across the Akbuk Bay and the Aegean sea beyond. With yacht clubs, fine restaurants, golden sandy beach and transport upgrades already established, Harmony Bay is bound to attract a vast amount of individuals looking for luxurious holiday in the South East of Europe. The resort is part of the Wyndham Hotel Group family and will be run under the 5 star Ramada brand which operates around 1000 hotels worldwide in over 45 countries.

Investments in the resort begin in the region of £12,000 and the resort is also fully SIPP compliant, offering an alternative option for individuals looking to self invest their pension.

Anticipated returns of 10% p.a, expected capital growth 5%-10% p.a.

Developer guarantee of 8% net yield first 2 years. Off plan, fully managed Hotel suites.

Income

The developer is projecting that investors will benefit, after completion, of yields in excess of 10% p.a. and capital growth of 5%-10% p.a.

The yields predicted have been based on the resort achieving occupancy levels of 70% over 7 months peak season and a room rate of £118 per night. From local comparisons this is deemed as realistic especially when taking into account the quality of the finished product as demonstrated by the near by Mandalya Gardens.

Capital Growth

Turkey as a country has potential for capital growth in excess of 6% p.a. We believe that Harmony Bay as an investment has the potential to exceed this. However and as with all investments, it will come down to the resort itself to produce the predicted yields.

We believe that all investors should have a clear understanding of any realistic exit strategy that exists with all the investments we promote. We often see investments promote ‘guaranteed exits’ and are always sceptical when we see guarantees quoted.

Freehold title deed, with a management contract attached to it. Part ownership options are also available.

I have used Chris in his previous role as an Independent financial Advisor and have also investigated investing in property.
The advice is always very relevant to my requirements and Chris has a tremendous knowledge of the products he sells. Chris is very honest when balancing investment risks verses returns. Although I have not made the firm decision to invest yet as timing has not been right for me personally, I will only invest with Davenport on any future investment.

I would not hesitate in recommending Chris and Davenport Property Investment to clients, family and friends and really value his advice.

Kind Regards

Alan Novis
Managing Director
Prestige Promotional Products

Turkey Real Estate Indices – April 2013
REIDIN
Click here to view the article.

Invest in Turkey – The Republic of Turkey Prime Ministry Investment support and promotion agency
Invest.gov
Click here to view the article.

Gyoder Report – Association of Real Estate Investment Companies
Erste Group
Click here to view the article.

Ernst & Young ranks Turkey Europe’s second most attractive real estate market 
Invest.gov
Click here to view the article.

Turkey gains investment grading from Moody’s
EuroNews
Click here to view the article.

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