Aston Lloyd & Partners’ Caretta Villas more popular than expected

Seventy-two hours after launching Caretta Villas, near Belek in the south of Turkey, investors have surpassed expectations by reserving 65 of the 87 villas Aston Lloyd and Partners made available. With an expected return of over 120 percent after three years, Caretta Villas offers opportunities for first time and experienced investors. Situated just outside Belek, Caretta Villas is in the popular Turkish Riviera, famous for its diversity of culture, history and natural beauty.

Aston Lloyd and Partners Managing Director, Mr Robert Wing, said Turkey presented excellent investment opportunities.

“Research made it clear that Turkey was an emerging market that shouldn’t be ignored,” Mr Wing said. “The popularity of Belek as a holiday destination and the rapid economic growth in the area presented an exciting opportunity for investment,” he said.

Turkey is anticipated to become a member of the European Union in 2015, which is helping to fuel rapid growth and foreign investment within the country. Over the next two years the number of foreign nationals purchasing real estate in Turkey is expected to increase tenfold, causing property prices to rise significantly.

“At the moment [property] prices in Turkey are still cheap so early investment will be rewarded with significant returns,” Mr Wing said.

Caretta Villas are expected to be completed in 2009, until then investors will benefit from the rising value of property prices.