Turkey: elite residential complex will appear on the Aegean coast

Turkey: elite residential complex will appear on the Aegean coast

In the Turkish district of Bodrum on the Aegean Coast will be an elite residential complex world level - The Residences at Mandarin Oriental, Bodrum. The project is erecting by local development company Astas Holding, which plans to put into operation all objects in the first half of 2014. Residential complex, stretched in the bay Cennet Koyu (Paradise Bay) in the village of Golturkbuku, will consist of 98 villas, 116 residences and a hotel Mandarin Oriental, Bodrum with 102 rooms.

The grounds include 2 kilometers of coastline with three private beaches, pine forests, olive groves and 5 km of paths for walking. The villas are available in three types: from 560 to 760 sq.m. The most expensive option costs €5.9 million.

Aegean coast of Turkey is the most popular place to live outside of Istanbul. Luxury properties are bought Hollywood actors, European football players and racers of Formula 1.

Bodrum is the third tourist resort in Turkey's popularity. The cost of coastal villas in this area ranges from €3 million to €20 million. Overseas buyers have to pay the eyes of real estate in Asia Minor after Turkey lifted restrictions on the purchase of real estate to foreigners in May 2012 (now permit is issued to citizens of 181 countries, instead of 53 as before).