With the signing of a mutual agreement between Turkey & Russia today [Tuesday, 18 January 2011] mutual visa regulations will most likely be lifted within two months time.
The decision is expected to increase trade between the two nations & has excited tourism operators, as it will go into effect prior to the start of the summer season.
After the initial protocol to lift joint visa regulations was signed on 12 May 2010, the Re Admission Agreement, considered the final stage in the process, was signed between Turkey & Russia.
According to the Russian Embassy visa regulations should be lifted between the two countries in one to two months time.
Now, not only will businessmen be able to travel freely without the burden of obtaining visas, but the practice is also expected to positively affect tourism between the two nations. Last year alone, three million Russian tourists vacationed in Turkey.
Cumberland Properties welcomes the news, as making travel easier between the two countries will undoubtedly increase the number of rental enquiries to Seaview Regency Prestige, already popular with Russian tourists if the 2010 season is anything to go by, commented Cumberland Properties rentals manager Utku Karamanlioglu.
He added that the prospect of owning a Turkish property, whether as a holiday home, or a property investment in Turkey would now become even more attractive to Russian property investors keen to capitalise on the growing number of Russian tourists visiting the Bodrum peninsula.
Cumberland Properties have recently sold a significant quantity of Turkish property at its popular Woodland Regency development to Russian nationals both as Turkish holiday homes & also as Turkish property investment.
Following Cumberland Properties successful debut at the Moscow International Property Show last November Cumberland are planning to have a presence at the forthcoming DOMEXPO to be held at Gostiny Dvor, just 200 meters from Red Square, Moscow, between Thursday, 24 February – Sunday, 27 February 2011.
For further information:
Elena Sikorsky elena@cumberlandproperties.net London office [Наш русскоговорящий сотрудник]
Selim Sirri selim@cumberlandproperties.net London office
Volkan Akgözlü volkan@cumberlandproperties.net Bodrum office
Utku Karamanlioglu utku@cumberlandproperties.net Bodrum office
Source: Sabah
Bodrum offers year-round great weather, colorful entertainment, historical sites, delicious dining, cheap shopping and overall peace and tranquility that will add years to the life of all those that live and visit here. With the latest Vita Park Golf Course and the Bodrum Golf Club serving the golf fans in the Bodrum area, it is no wonder why so many people choose Bodrum at the top of their holiday destination.
Covering an area of 649 square kilometres, Bodrum is situated on Turkey’s Aegean coast and holds a unique history that stretches back 2,000 years. Located between Europe, the Middle East, Asia and the Black Sea, Bodrum is home to one of the Seven Wonders of the World – the tomb of Mausolus who ruled on behalf of the Persians from 377 to 353 BC. More recently Bodrum has become a tourist mecca attracting hundreds of thousands of European and domestic holidaymakers each summer.
Renowned for its bougainvillea-splashed sugar-cube houses and vibrant nightlife, Bodrum also boasts excellent restaurants, a great museum and various local markets selling food and clothing, which run throughout the week. There is little humidity on this stretch of the coast, with the summer heat tempered by sea breezes and the sun often shining continuously from May to October. Winters in Bodrum are also mild and because of these pleasent year-round temperatures, the resort is more than a one-season town and attracts visitors throughout the year, aided by Bodrum’s international airport, which is well served by charter flights, making access from the UK easy.
Bodrum’s skyline is dominated by an imposing Crusader Castle which overlooks the harbour and the international marina. Beyond the town itself, much of the Bodrum peninsular is carpeted in olive groves and ringed by smaller resorts, beaches and new marinas at Turgutreis and Yalikavak.
Since the Turkish law change allowing non-Turkish citizens purchase property in designated areas, Property in Bodrum has more than doubled in value and continues to do so. The stable economy of Turkey and the lower property prices compared to their counterparts in most of Europe, Property in Bodrum is attractive to most investors.
Investors thinking of purchasing a rental property in Turkey may be able to look forward to healthy yields, it has been claimed. Turkey currently offers good value housing for foreign buyers and its popularity with holidaymakers and businessmen means that there will be a solid demand for property, reports Property Wire.
People who are thinking of buying a Property in Bodrum have been advised that investing in Turkey could be highly profitable. According to Aston Lloyd, this European country is an emerging market which offers very competitive house prices. However, growth in the market means that property values are on the up, which means investors who buy early could benefit from capital appreciation.
Overseas property investors are being encouraged to take advantage of recent developments in Turkey. According to property author Dominic Whiting, low-cost airline easyJet is now flying between Gatwick and Dalaman four times a week. This means that it could be an ideal location for people who are thinking of buying a buy-to-let property overseas, as this could trigger growth in the tourist sector. As a result, owners of holiday accommodation could enjoy higher occupancy rates and greater rental yields.
A growing number of overseas property buyers are choosing to invest in Turkish property, a local news provider has said. According to the Turkish Daily News, investing in the country’s property market has become a “hot new trend” among buyers from other nations. The newspaper said this was largely due to Turkey offering greater potential for capital growth than more established foreign property hotspots in Europe. In addition, it stated the country’s population was likely to rise as it became more prosperous, resulting in greater demand for property.
With the signing of a mutual agreement between Turkey & Russia today [Tuesday, 18 January 2011] mutual visa regulations will most likely be lifted within two months time.
The decision is expected to increase trade between the two nations & has excited tourism operators, as it will go into effect prior to the start of [...]
Posted On: January 25, 2011
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