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21-August-2008
Award-winning Property Investment Ticks All the Boxes
Overseas property investment specialist, Obelisk, has a passion for excellence and the company’s determination to offer superior standards and high professionalism at all stages of property investment has reaped its rewards.
Interview with James Gonzalez
Caretta 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.
Belek in particular is expected to reap the benefits of the increased tourism and property market boom; the area is part of the 'Turkish Riviera', and is enjoying a boost to its economy from the large-scale development taking place there. Belek received 1 million tourists in 2004, and given its location in Antalya this is only expected to rise over the next few years. Potential investors therefore stand to make fantastic returns both from the developing rental market and through increasing property prices in the area.
The province of Antalya is famous for its natural beauty; many of the clips shown to publicise Turkey are shot in this area as it is home to some of the country's most breathtaking views. The population of this area is growing; the area has recently developed in social, cultural and economic terms, and accordingly has recently witnessed an influx of new permanent residents. Furthermore, a large proportion of these people have relocated from other regions within Turkey, so this coupled with its growing tourism industry, and increasing interest in real estate from overseas, all go together to further the expansion of the area's economy.
The Belek area is soon to benefit from the 'Tourist Roads Rehabilitation and Improvement Programme', a 40 million US Dollar project backed by the World Bank to improve the Antalya to Alanya highway, and its secondary roads leading to, among other towns, Belek. It is expected that this infrastructural improvement will support the growing numbers of visitors to the area over the next few years.
The Development
The site of the Caretta Villas development enjoys a prime location on the outskirts of Belek, and has been granted planning permission. Overseas visitors will easily be able to access the development from the nearby Antalya international airport, just a 30 minute car journey away. In the more immediate vicinity, the site is set against a stunning view of the mountains, with the beach a 10 minute drive away. In addition to this, the many golf enthusiasts who visit Belek will be interested to learn that the nearest course is just 15km away (not including the several courses being planned at the moment), and for those who are interested in sampling the local nightlife, the closest nightspot is also just 15km away. Other local amenities, such as shops and cafes, are around a 10 minute drive.
Caretta Villas has been selected as a prime investment opportunity for these reasons: the site combines a picturesque setting in an up-and-coming tourism hotspot with the convenience of having all amenities and transport links close by, and is currently available to our investors at very affordable prices.
Restricted access to Caretta Villas means that the residents will have complete privacy within the development. Landscaped gardens will be planted in the grounds around the 87 villas of which the development comprises. There will be two communal pools situated in the middle of the site for residents to enjoy, along with sun-loungers and a seating area. Residents and holiday-makers also have access to two tennis courts in the development.
The Properties
Eighty-seven modern villas in a Mediterranean style will make up the Caretta Villas development. Eighty will have two bedrooms and two bathrooms; seven of the villas will have three bedrooms and two bathrooms. Of the eighty villas with two bedrooms, there will be a total of 101.5m2 of enclosed space, plus 38.5m2 (a total of 140m2). The three bedroom properties have 113.5m2 of enclosed space, plus 38.5m2 (a total of 152m2).
Each villa is fully detached, with front and back terraces on each floor completed in terracotta tiles. Every bedroom will come with fitted cupboards as standard, and each property has its own private parking space. The ground floor of each property will comprise of a living room, a separate WC with sink, and a kitchen. On the first and second floors are the bedrooms and bathrooms. The stairwell of each property is open, completed in wood including the handrails. The roofs will be completed with plastic tiling, and all floors are to be finished in marble. The windows will be UPVC and double-glazed. The bathrooms will be finished with large, high quality tiles from floor to ceiling. The kitchens will have MDF cupboards and granite finished work surfaces, and all taps are to be Artama. The interior doors will be completed in American pressed doors; the external doors will be completed with stainless steel. The plumbing and materials, as well as the wiring and the materials, will be completed to Turkish Standards Industry. Each villa will be fitted with solar panels. The walls will all be plastered, and the ceilings will contain sunken spotlights with dimmers in the main sitting rooms. Air conditioning units will be included in the main sitting room, main bedroom and second bedroom, and villas will have central heating piping installed (although not the radiators).
Villa owners can choose as extras a 15m2 private swimming pool, and also white goods, for their property.
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