Turkey + increasing Tourism = Great investment property in Turkey
Turkey and Tourism:
Turkey is an up and coming European tourist destination that offers an amazing amount of adventure and diversity to the millions of visitors it welcomes each year. It is surrounded by 4 different seas and has over 8000 km of sun kissed sandy beaches, 20 different civilisations and a 10,000 year old heritage – all of which makes it almost impossible to see all that Turkey has to offer in one visit!
Tourism in Turkey has been steadily increasing for many years. There were over 21 million visitors in 2005 and this figure is expected to rise to 30 million by the year 2010. Turkey welcomes the largest number of foreign visitors to its shores from Germany with the UK being the third most popular. The different history, architecture, landscapes, faiths, weather, facilities and even foods from the different regions of Turkey help to maintain a steady influx of tourists all year round with the expected peaks being in the summer months. Whether you wish to enjoy a weekend break to Istanbul or a sun drenched week on one of the many beaches of Antalya along Turkey’s Aegean coast you can be assured of a memorable trip.
The top 3 destinations in Turkey are Antalya, Istanbul and Mugla. However, the government of Turkey have used some of the millions of dollars that the tourist industry creates (over $12 million in 2004) to help diversify tourism inland and not over concentrate resources in the coastal areas. This ensures that there will always be investment opportunities, including Turkey property, in the more popular as well as the developing areas. Turkey can be split into 6 regions, these are: The Mediterranean; The Agean; The Black Sea Region; Central Anatolian Region; East and Southeast Anatolia; Marmara.
Why buy an investment property in Turkey?
- Cheap property in Turkey can be less than a quarter of the price similar property in other popular European resorts. Prices start at about £30,000.
- The impending full EU membership(expected between 2010 and 2015) will inevitably increase prices of property in Turkey.
- One of the worlds fastest growing economies
- Turkey property is located in a modern and improving infrastructure
- A liberal investment climate – free international movement of capital, profits, dividends and salaries, free-trade zones and subsidies
- A variety of investment opportunities exist; Buy from Plan, Buy to Let and Buying for capital gain
- The climate of Turkey benefits from its Mediterranean location
- All year round tourism not dependant on the ‘summer package holidays’
- Yearly tourism and related expenditure increases
- Wide diversity of locations and types of property in Turkey
- Turkish tourism promotional campaign launched in 23 foreign offices in 40 different countries
* Holiday Homes in Turkey Fact: Istanbul is the only city in the world to be located on 2 continents, Europe and Asia*