22. April 2008 by admin.

Following a decision by the Constitutional Court in Turkey, the Ministry of Public Works and Settlement has ceased issuing land title deeds to foreigners. The courts ruling has reduced confidence in the property market in Turkey. The Turkish government has been keen to attract inward investment and has previously relaxed elements of Turkeys restrictive property laws with the enactment of the Foreign Direct Investment Law (FDI) that removed limits on foreign land ownership. This new bill has been challenged in the Constitutional Court by 2 deputies in the Republican Peoples Party, arguing that there was insufficient clarity in subsections of the Foreign Direct Investment Law, and that the act unlawfully removed long standing limits on foreign ownership.

As a result of the legal challenge, all property sales to foreigners were stopped from the 16th of April. The constitutional court has cancelled one article of the FDI Law that allowed the government the authority to remove the 2.5 hectare limit on individual foreign land ownership.

The constitutional courts ruling, is an embarrassment to a government that has been eager to encourage the growth of tourism, and saw foreign ownership of resort property as a prime method. The foreign property investment market has seen over one and a half billion of inward investment in the last three years alone. A new act of parliament that seeks to overcome the problems raised by the court has been drafted, and the government is hopeful that this will shortly lead to a resumption of foreign land sales.

Posted in Bodrum Homes, Gumbet Property, Gumbet Turkey, Turkey, Bodrum News, Bodrum, Gumbet, Bodrum Forum | Print | No Comments »

22. April 2008 by admin.

In terms of property prices, it is expected that Turkey will see the same growth and development in the coming years as Spain has during the last two decades. In 2004, property prices in Turkey increased by 30% and even doubling in coastal areas. This is just one reason why to invest in a property in Turkey.

With the low-cost airlines flying to Turkey, this has given added incentives to potential buyers, and will increase tourism. Not only that, what you can see is that the more popular Turkey becomes, the more value is assigned to the properties. It is not jut the coastal areas, the cities are seeing more and more tourism and foreign buyers.David Cox of Property Frontiers says in a press release, “Turkey is experiencing economic development outside coastal areas and investment in Istanbul and Ankara is becoming viable. However I expect the major hot spot to be on the coasts where the market has performed very well and it is expected to continue to do so”.

As Turkey becomes more tourist-friendly and its economy reflects the 2005, you will begin to see a trend heading east. Bear in mind that Turkey is a secular Islamic state, and thus is relatively safe. Of Course before buying a property abroad, you must always beware dealing with foreign regulations, contracts and the like. English speaking lawyers and financial advisors are always recommended when buying a property abroad. Some Property \investments have offices in both England and Turkey with English speaking and Turkish speaking staff in the Turkey Office.

Posted in Bodrum News, Turkey, Gumbet, Bodrum, Gumbet Blog, Bodrum Forum | Print | No Comments »

8. February 2008 by admin.

Bodrum Marina, Turkey

Originally uploaded by Mine Beyaz

Ferry tours from Bodrum to Greece’s Samos Island will become operational in May in an effort to boost relations and commercial ties between Greece and Turkey, said the chairman of the Bodrum Trade Chamber.

Speaking during a promotional visit to Kos Island in Greece, Mahmut Serdar Kocadon said the volume of trade between Turkey and Greece had increased from $700 million to $5 billion in the past five years. He said they aimed to make use of this growth in commercial relations to aid the provinces along the Aegean Sea.

“We thus prepared a common tourism package in order to promote the historical and cultural values of both countries,” he said. “We will launch the ferry tours between the Aegean costal town of Bodrum and Greece’s Samos Island this May.” Georgios Kristis, Kos Trade Chamber chairman, said works were underway to promote commercial and cultural relations between Kos Island and Bodrum. Articles - turkishdailynews.com.tr

Posted in Turkey, Bodrum News, Gumbet, Bodrum, Bodrum Forum | Print | No Comments »

7. February 2008 by admin.

Gumbet Beach (shithole)

Originally uploaded by simonyfrontsjones

Gumbet located at 2-3 km distance from Bodrum, Sınce the swimming possibilities are very limited in Bodrum, many people prefer nearby Gumbet. Gumbet recently became very popular resort. The town is named after numerous white-domed cisterns in the area. Gumbet, which offers one of the longest and most popular beaches on the peninsula, is also one of the popular water sports centers with water-skiing, windsurfing, parasailing. There is also several wind surfing school.

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7. February 2008 by admin.

Gumbet Town

Originally uploaded by Si Jobling

Bodrum today a popular holiday resort with a yacht harbor, hillside villas and palm-lined streets, Bodrum was known as Halikarnossos that, in the time of Mausollus, became one of the great cities of the Mediterranean.

Mausollus’ father had ruled most of Caria and been recognized by the Persians as a satrap of the province. Though Mausollus continued to pay tribute to the Persians he has for practical purposes an independent ruler, controlling not only the hinterland but also most of the Greek cities of the coast together with neighboring island. The success of his policy depended on a fleet as well as on diplomacy and Halikarnossos provided him with a good harbor as well as a worthy site for his capital, which then enjoyed a prosperity it had never know before.

In later ages the city’s principal claim to fame was as the site of one the Seven Wonders of the World the magnificent sculptured tomb of Mausollus. But even this was shattered and forgotten when, in 1404, the Knights of St John began the construction of the almost impregnable Castle of St Peter to serve as an outpost of their headquarters at Rhodes. In 1522, when Halikarnossos finally fell to the Turks along with Rhodes, it was the last place in Asia Minor under Christian sovereignty.

Posted in Turkey, Bodrum News, Gumbet, Bodrum, Bodrum Forum | Print | No Comments »

6. February 2008 by admin.

Welcome to Gumbet Forum. This is your first Gumbet Forum. Edit or delete it, then start blogging! All you need to do is register and start to blogging with Gumbet Forum and Blog.

Posted in Bodrum Flights, Bodrum News, Gumbet Holidays, Gumbet Restaurants, Turkey, Bodrum Cafes, Bodrum Hotels, Gumbet Hotels, Gumbet, Bodrum, Gumbet Bars, Bodrum Bars, Bodrum Nightlife, Gumbet Nightlife, Bodrum Forum | Print | 1 Comment »