Australian Tim Cahill, midfielder for the English premier league team Everton, recently bought land where he has had built an elite villa in Bodrum. He said of his villa & Bodrum, “It’s a very good property investment in Turkey, holiday home & a great place to play golf.”
Tim said, “Being a footballer you don’t always know when you’re going to be able to get away, this is ideal.”
“I bought a villa off-plan near Bodrum in Turkey two years ago & now I want to build a training camp there as well”, says the 31-year-old former world champion.
“I’m building a stable of about 25 fighters & the place will be ideal for them. It’s hilly, which will be great for their road work, the heat will help them acclimatise for fights abroad, & the golf makes it an ideal place to chill after a fight.”
If this all reads like the familiar story of the retired fighter rushing to spend his hard-won fortune then think again — Hatton is no fool with his money.
Managed by his father, Ray, he has his own leisurewear range & is now moving into the management & promotion side of boxing — hence his plans for the training camp in Bodrum.
He has been typically canny with his property dealings. The four-bedroom, two-bathroom villa in Bodrum comes with its own swimming pool & cost just 159,000 GBP.
Up until recently Hatton lived in a modest semi-detached house in Hyde, Manchester, where he was brought up. It was only when fans took to looking through his windows that he decided on something rather more private.
So he bought a far larger £750,000 home a few streets away in Gee Cross, put in a swimming pool & games room & built a high surrounding wall.
Hatton now lets the semi in Hyde & lives in the new house with his girlfriend. He also has a holiday villa in Tenerife. Considering that he is believed to be worth around £25 million, it is hardly an extravagant portfolio.
Hatton, a fierce Manchester City supporter, has always remained true to his roots & it was family holidays in Bodrum that first brought him to the Bodrum peninsula. “I used to come here with my parents & my brother & now that I could be described as retired from the ring, I want to spend time here with my girlfriend & my own little boy, Campbell”, he says. “I just can’t get over how much the place has changed. There are golf courses galore & Bodrum is absolutely beautiful.”
The part of Bodrum where Hatton has chosen to invest is undergoing a £4.1 billion development “Golf is the driving force behind it,” say English estate agents Savills. “You can get phenomenal value for money in terms of property in Turkey & can also let your Turkish property ten months of the year quite easily.”
The Ankara government is behind this golfing boom. Areas have been identified for up to 100 new courses to be built by 2014 & the policy is already paying dividends.
The prices might sound low, but don’t imagine Bodrum is a cheap & cheerful part of Turkey. It is a favourite holiday spot for wealthy types from Istanbul. In Yalikavak, its plushest suburb, the prices of some modern houses start at more than 1.5 million GBP & mansions sell for 6 million GBP & above.
Investing in Turkey appears to have been a shrewd move on Hatton’s part. With its population of 73 million & growing, there is a significant shortage of housing & this should maintain demand & ensure prices continue to appreciate. The Turkish real estate & construction sector grew by 21.9% in the second quarter of 2010. These types of statistics have increased confidence in the Turkish real estate & construction sectors, & English investors are gravitating toward Turkey to take advantage after the financial crisis.
Turkey is also economically sound, having come out of the recession relatively unscathed, largely thanks to not being in the Euro-zone. It is the 15th-largest economy in the world & would be the sixth largest in the European Union if, as expected, it is granted full membership by 2020.
Turkey is the centre of attraction for property investment especially for European investors after the global financial crisis.
Is golf much of an attraction to Ricky Hatton when he visits Bodrum? “To be honest with you, I just hack around the course — I’m not very good,” he says.
“But I find it relaxing. And one thing is for sure — it’s a damn sight less painful than fighting.”
Sources: Milliyet, Haber, Daily Mail.