THE Financial Times has listed Didim along with capitals such as London, Paris and New York as where real estate investors would earn.

?Investors who invest in real estate will profit soon because I believe that the prices will go rising again once the marina and the golf course are completed.?

The FT advised those who had money to invest in real estate in this period when the house prices are in a considerable decline due to global financial crisis.

The newspaper chose 10 places to invest ?securely? during this period. The list contains Didim along with London, Paris and New York.

In the article entitled ?New year, new investment?, Financial Times suggested London at the top of the list of the places where those who had money could safely invest in. The city where the newspaper?s headquarter is, was followed by Paris and New York.

For Turkey, which entered the list as number nine, the newspaper wrote: ?Turkey is rising fast in the second-hand property market. Places worth looking into include Altınkum (Didim), Belek and Bodrum.?

They are advising Belek, Altınkum and Bodrum in Turkey
Turkey, whose doors are generally open to foreigners, was noted as, ?With its long and beautiful coasts,

Turkey is rising fast in the second-hand property market.? The article read: ?The second-hand property market in Turkey was mainly for mass and middle class up until now, but recently projects of high quality also started appearing.

?Although there are restrictions for foreign buyers to get property in regions of strategic, religious or cultural significance, the market is mostly open to foreigners. In coastal areas, the squared metre prices vary between 1200 and 1600 Euros. Places worth looking into include Belek, Altınkum and less developed areas near Bodrum.?

The newspaper said that the house prices could well go down to the lowest level in 2009; yet, there are houses for permanent living or for holidays in various parts of the world to invest in due to factors such as location, infrastructure, reach, entertainment and economic growth. The list showed the opportunities both within the city and the coast.

Financial Times listed the first three places as London, where the house prices has gone down 20%, Paris, which is still strong in local and foreign demand, and New York, where the prices dropped by 12%. Montenegro, declaring its independence in 2006, Spain?s Mallorca Island and the Alps in Austria made 4 to 6 in the list. Southern Cyprus was the 7th.

The last three on the list were the Middle American country Costa Rica, Turkey and Cambridge.

?Prices will go up again?
Didim Estate Agents Association Chairman Osman Coşkun expressed his happiness over the article and his belief that those who buy property in Didim will start earning very soon.

Coşkun said, ?At present we have about 12,000 to 15,000 houses in Didim ready, waiting to be sold. There are houses for every budget in Didim. The prices have gone down due to the financial crisis.

?On estates studio-type houses with one room are sold for 35,000 TL. It is possible to find a two roomed house for 45,000 TL. The effects of the global financial crisis will wear out within a year and then the property prices will start going up again.?

Origin: Altinkum Voices Newspaper