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Cipura Villas: The Project

Tourism is a growing industry for Turkey, with tourist numbers increasing by 20% in 2005 and visitor numbers set to rise further as airlines extend their services into the country. In 2002 the Turkish government relaxed its rules governing purchase of property by foreigners, and it has been estimated that the number of foreigners owning property in Turkey will increase tenfold over just the next two years, further adding to capital appreciation on real estate purchased now.

Mugla has been chosen by Turkey's Finance and Culture Ministries as one of the regions whose towns will undergo initiatives based on the Spanish real estate model. These initiatives are likely to see a rise in foreign property investment for the area, just as was witnessed throughout Spain. The region of Mugla is responsible for around a quarter of all of Turkey's tourism revenue and it contributes about $2.5 billion towards the economy as a whole.

Bodrum is a port located in the Mugla province of Turkey, on the Bodrum Peninsula and boasts a Mediterranean climate of sultry summers and mild winters. The port has managed to retain the old-world charm of its maze of ancient cobbled streets, while catering for the world's elite with a bustling nightlife and a modern marina housing millionaire yachts.

Bodrum's proximity to major airports, its stunning scenery and rich history, along with its status as a prime location for yachters, divers, golfers and cosmopolitan tourists, help make it the investor and tourist attraction that it is today. In addition, off-plan investors are drawn to the fact that Bodrum has the lowest price per metre for build on the entire coast.

The Development

The site of Cipura Villas is located only five minutes outside the bustling and beautiful port of Bodrum, with all of its bars, restaurants, shopping and activities. The site is also only a few minutes walk to the nearest beach and five minutes drive to the stunning 1,250 acres of the Vita Park golf resort with all of its resident amenities.

Cipura Villas resides directly next to the established Flamingo resort, offering the investor the opportunity to make a real estate investment in a region already popular, developed and tested. However, the prices of Cipura Villas are at a substantial discount to those of nearby developments such as the Flamingo resort. More golf courses and resorts are planned in the immediate vicinity of the site, adding to both the local amenities and the value of Cipura Villas themselves.

The Properties

Cipura Villas is comprised of 64 Mediterranean-style, modern villas. Each villa has 2/3 bedrooms and 3 bathrooms and is fully detached. The villas have terraces on all floors: the ground floor, first floor and on the roof. All of the bedrooms come with fully fitted wardrobes and ample storage space. Every villa in the complex comes with its own private parking space and the option of a private plunge pool.

The build size of each villa is 110m2, excluding terraces which are 27.7m2, not including ground floor patios. The ground floor is a total of 42m2 and is comprised of a kitchen, living room and WC, as well as two large patios. The first floor is a total of 40m2 and is comprised of a bedroom, study or 2nd bedroom, a full bathroom, separate WC and two balconies. Finally the second floor is 28m2 and is comprised of another bedroom, WC and a large roof terrace.

All fixtures and fittings are of the highest quality - floors are finished in top quality ceramic tiles throughout and all windows are UPVC and double-glazed. All plumbing and materials are completed to Turkish industry standard.