[applestone]

Tuzla Lake is receiving lots of attention and as other members have said, has excellent prospects over the longer term - probably 5 to 10 years. Although many agents / developers will tell you of 30% capital growth per annum this is highly unrealistic. At the moment supply far outstrips demand pegging back capital growth for the next few years. The same issues relate to rentals so if you are relying on rental income to offset or pay your mortgage think again - until demand is higher than supply, costs will probably be bigger than profit.

This having been said, I have invested on the lakeside for the longer term growth (pension plan) as well as the fact that it is a fabulous location for holidays for my family. I will be paying cash for my purchase in order to minimise costs and I will be heavily marketing my property for rentals. If I can acheive 10 weeks rentals then I will be happy although the resort I am on - flamingo country club - will be a 12 month resort on completion (Oct 08).

The location of FCC (Tuzla Lake) is wonderful being 15 minutes form Milas-Bodrum International Airport, 20 minutes from cosmopolitan Bodrum Town and sandwiched between sea and lakeside. A new website promoting the whole Tuzla area including all the resorts can be found on google - just google flamingo country club - this contains news, views and photos of the whole area. It is also the home of buyers on all resorts in the region - the flamingo country club owners group - of which I am a member. This is an active group providing support to each other as well as sharing news and information.

Professional local opinion is that once all the infrastructure issues have been sorted out at Tuzla, this region will explode in value. I happen to share that view.

I hope this information is helpful.