Last week's announcement that Tepe Akfen Airports Holding (TAV) won the right to operate Gazipasa Airport near Alanya has started an investment boom in the region as foreign and Turkish investors alike are rushing to build tourism facilities, hotels, and residence complexes. One of the upcoming projects is a golf court near Gazipasa.
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The plan is to attract new kinds of tourism to Alanya and Gazipasa. A golf court in the area is bound to be a successful investment as at present the nearest golf courts are hours away in Belek,” said Lawler, who has a minority stake in the project.
The golf court is expected to open in 2009. At present the project\'s paperwork is being handled by the local land registry.
The golf court consists of 100 hectars of land, 40 of which belong to the government and 60 hectars that will be bought from private owners. “The building of one court in the area will definitely lead to the building of at least two others as players of golf prefer variety,” explained Lawler.
He also noted that news of the Gazipasa Airport opening in the near future has created a lot of enthusiasm among property developers in Alanya. “The opening of the airport will undoubtedly change the whole character of Alanya and Gazipasa. Many people were waiting to see what would happen with the airport before investing in the region,” Lawler said.
Already now there are numerous plans to build, for example, residence complexes and five star hotels in Gazipasa where, at present, there is a relatively small variety of upmarket accommodation facilities.
Also the taxi boat service that is planned to connect Kas and Kalkan with Gazipasa is bound to lead to increased numbers of visitors to the region. “It seems that in the next 10 years we will see major development in the region,” Lawler noted.
The price of property has notably increased in the just the first week after the announcement of the opening of Gazipasa Airport. “Since the announcement, we have seen a 20-25 per cent increase in real estate and land prices. For example, land plots in Gazipasa that cost YTL 100,000 a while ago, today are priced at YTL 120,000 and even YTL 150,000,” said Nükhet Davies, sales manager at Cebeci Construction in Alanya.
Within the next six months, property prices will experience an even more dramatic rise. This is very good for the market which, for a while, was experiencing a temporary slowdown.
Sari Syrjala, property agent at 2Base Real Estate in Alanya agrees. “The opening of the Gazipasa Airport will have a direct impact on sales,” she said, adding, “Whereas before Alanya residents had to travel several hours to the Antalya Airport, going to the airport will now take just a half hour. The local real estate industry is very pleased with the opening of the airport.
20-03-08
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