Menu
EuroVista
  • Home
  • Games
  • General
  • Health
  • Sports
  • Tech
EuroVista

Turkish Tourism Fueling Buy-to-Let Markets

Posted on November 27, 2020

While any property investing market can be a potentially lucrative buy-to-let location, several factors of individual regions stand out to enable ideal returns. Turkey has strengthened as an optimum investment location, assisted greatly by the strong growth of the touristic market.

Development over the past 5 years in the Turkish tourism industry has run parallel with the demand for affordably priced and excellent quality of buy-to-let property. Demands for self catering accommodation from British tourists, have actually outweighed hotels in many touristic locations. Attractions of holiday apartments enable visitors to enjoy increased privacy, reductions in overall costs, greater freedom and comfort, along with opportunities for groups and families to benefit from being under a communal roof.

Owners of buy-to-let properties receive exceptional benefits from a property in a sought after location, often with guaranteed returns and management facilities in place. The properties often pay for themselves as they increase in value, while the growth in tourism creates higher demand with additional exit strategies.

Turkey was considered to be the most sought after Mediterranean destination in 2005, having received slightly more than 8 million foreign visitors. Only three years later in 2008, Turkey generated a massive 26.4 million foreign visitors. What to do at sentosa singapore 

The demand for Turkish property along the coastal resort towns has coincided with the heightened percentages of touristic visitors to these regions. Over 40% of holiday makers to Turkey exhibit a preference for the Mediterranean coast, while over 600,000 cruise ship passengers arrive to the Turkish Aegean coast on an annual basis.

Foreign property sales in Turkey are most in demand from British buyers, moving away from the Spanish, French and Italian real estate markets. Tourist arrivals from Germany are currently one of the strongest growth areas, expected to enter into the property sector in the near future.

Exceptional growth in Turkish real estate and tourism has been fueled by the high demand, low entry level prices, economic stability and beneficial currency exchange rates. A move away from the Eurozone has benefited Turkey as a short-haul holiday destination, strengthening the buy-to-let market.

Property Investing Turkey has carefully assesses the tourist market demands, along with the future prospects of regional growth potential. The high demands for short term accommodation in Bodrum and Kusadasi have produced encouraging results for the investment opportunities we actively promote to our clients.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • An Introduction To Carrera Slot Cars
  • Slot Machines – Is It Possible To Win?
  • Winning The Lottery and What To Do When You Win
  • Slot Punches – Why Are They So Important?
  • Play Slots Online On Five Reel Slots

Recent Comments

    Archives

    • January 2021
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020

    Categories

    • Games
    • General
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    ©2021 EuroVista | Powered by SuperbThemes & WordPress