Turkey’s ‘rental renaissance’

Turkey’s rental market is the most attractive of all emerging markets, according to new research from holidaylettings.co.uk…

The internet based lettings site analysed demand for rental property across the 112 countries where they advertise property to let, and Turkey came in 7th amongst those countries.

Of all the 'emerging markets' Turkey lead the way, even coming in above some of the long standing tourist destinations, including the Balearics, Canary Islands and South Africa.

Gordon Lyons of International Property Agents commented: 'Given the still relatively low availability of low-cost flights to Turkey, the property rental market is still very much a developing one. This report does however show that rental demand is developing and the market is most definitely heading in the right direction.

Demand will increase

He continued: “With the expected arrival of further low-cost flights to Turkey in the coming months, we expect this demand to increase further as the flight and property rental option becomes more and more competitive next to the package holiday.'

Mr Lyons added 'Turkey's tourist market was developing long before its holiday home market, with in excess of 20 million tourist a year visiting the country. This is a key indicator we look for when choosing where to sell property.

“If the tourist market isn't there, investment with a view to holiday rentals simply isn't backed up by anything. For some time now we have seen all the right indicators with the Turkish rental market and now the facts are starting to speak for themselves.'