It's turkey time!
2009 looks set to be the year when Turkey firmly establishes itself as a
strong presence in the international property market, claims one company...
A spokesperson for Obelisk International explained this thinking: "Investment properties
in Turkey have increased with the popularity of Turkey as a tourist
destination. Perhaps the most common investors are planning a lifestyle Change
or looking for a buy-to-rent property on Turkey's coastline.
"Barely touched by the concrete that lines a lot of the French, Greek and
Spanish seashores, many of Turkey's resorts are virtually unspoiled. In Turkey,
beautiful coastlines are a given".
Credit-crunch haven
Turkey's attractions are myriad, although the pleasant climate at its beach
resorts tops the list. Turkey's winters might not be as warm as those enjoyed
by its tourism competitor, Egypt, but the Turkish summer season is long and
considerably cooler than summers in Egypt.
Investments in buy-to-rent properties have received a welcome boost from
Turkey's tourism statistics. Visitor figures for the first 10 months of 2008
rose by a massive 13.1 percent - proof that Turkey's attractions continue to
draw crowds even when the credit crunch is biting hard.
Turkey also experienced a spectacular increase in visitors from Austria, France
and Slovakia, up between 26 and 31 percent. These figures prove that the
government's "Euro 25" long-term strategy for boosting tourism from
EU countries is bearing fruit.
Promising resale market
As well as booming tourism, the Turkish market is also showing promising signs
for the resale market. Turkey currently has a huge housing shortage caused
mainly by the population growth in the cities.
The spokesperson for Obelisk further noted: "While the country's total
population is growing at a rate of 1.4 percent annually, it grows at 4 percent
a year in Western and Southern cities, which are popular with migrant workers
flocking to urban centres from rural areas".
Source: www.hurriyet.com
Picture: EveryStockPhoto