Why Buy Property in Akbuk?
21 April 2011
Akbuk was designated as a cultural and tourist development area back in 2007. This gave heralded a massive rise in residential and commercial developments targeting the incoming waves of overseas investors. Since then Akbuk has been identified as an investment hotspot by holiday exchange companies and leading hotel groups.
It is easy to see the attraction: the town is located on a gorgeous coastline with crystal clear waters and magnificent blue-flag beaches. It's just half an hour's drive from Bodrum airport and 20 min drive from the nearby tourist resort of Altinkum/Didim.
The area is unspoiled by industrialisation with strict planning regulations preventing high-rises and protecting forests and parks. While it is not yet as well-known as other Turkish resorts it does hold immense appeal and is growing rapidly. Property is comparatively cheap as well; a three-bedroom property in Akbuk can be purchased for less than £30,000, but as this resort becomes increasingly well-known prices are almost certain to rise.
There is a large selection of property available in Akbuk, ranging from residential apartments and villas, to hotel suites and commercial investments which are SIPP compliant. Hotel suites are an especially good investment, because they come with full rental management, and many offer guaranteed rental yields for a given period.
These are ideal as the owner still gets the option to use the property for their personal use, but at the same time has a hassle free investment which provides income.