Turkey hotels 'pushing-up prices'

Turkey’s hotels are amongst the best in the world, which is good news for investors…

Astute property investors are well aware that a country that is leading the way in tourism will follow with an increased value in property. This can be seen clearly in Turkey where major tour operators and some of the world’s top hoteliers are clambering to be a part of this new era.

Thomas Cook has chosen the Xanadu Resort Hotel in the Mediterranean resort of Antalya as the “world’s best hotel in select hotel category.” This was based on customer satisfaction covering more than 10,000 hotels, worldwide.

This particular hotel topped the list of 100 select hotels in the world and with 19 million tourists travelling with Thomas Cook annually, the company is well placed to understand where people want to visit and the calibre of hotel they require.

Many visitors become home owners and property investors are aware that by buying now, whilst prices offer exceptional value compared to other more established holiday resort locations such as Spain, they should reap excellent capital growth rewards and good rental returns.

Hilton ‘expanding’

According to the Anatolia News Agency, two Turkish hotels have been listed among the world’s 10 best hotels chosen by TUI the world’s largest tour operator. These are the Delphin Deluxe Resort and Barut Hotel Lara Resort Spa and Suites. In addition the Hilton Empire is to expand into Turkey with 15 new hotels over the next five years in locations across Turkey.

“These factors are of enormous importance to buyers of property whether as an investment or family holiday home”, says Robert Nixon, Director of UK Operations for Nirvana International, specialists in property in Turkey and winner of many prestigious awards.

“With such large companies committing to major financing it gives buyers a feeling of stability borne from a realisation that Turkey has every intention of turning itself into a major force on the world’s property market.

With new airports scheduled to open, major championship golf courses available and superb planning laws aimed at protecting coastal resorts, Turkey is without a doubt a superb place in which to invest particularly bearing in mind that on average a home costs three times less than an equivalent property in Spain.

With property values rising at around 20% per annum it is not surprising that there are already over 62,000 foreign owned properties in Turkey of which over half are believed to be British”.