Eco-development to be built in Turkey

Property investors interested in eco-developments will be pleased by news that one British developer has decided to go green in the emerging market of Turkey.

UK-based property developer Galliard Homes and Turkish-based Signature International have decided to implement a joint venture which will see them build an eco-friendly project in the popular destination of Bodrum.

The Horizon Sky resort is set to feature a number of apartments, penthouses and villas based in a small community with local amenities.

Daniel Dias, from Horizon Sky, said that new developments in Turkey were required to adhere to certain standards.

"Environmentally, Turkey has its eye on the bigger picture, addressing waste management and air pollution in its big cities, as part of its goal to joining the EU," he explained.

"Yet we've opted to exceed Turkish standards and instead emulate British standards. It's both the responsible and ethical thing to do."

Earlier this year, it was revealed that eco-friendly developments in the US sold faster and at higher prices than other sectors of the market.

The research, carried out by Green Works Realty, showed that the environmentally-friendly properties commanded prices approximately 25 per cent higher than their counterparts.

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