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Tourism boosts Turkish investment potential

Article Date : Monday, February 18, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Turkey's growing popularity among holidaymakers could be helping to drive growth in its housing market, according to experts.

Independent analysts at Amberlamb said the country was likely to keep attracting more and more foreign leisure travellers during the next decade at least.

This means that there will be an increasing level of demand for rental accommodation in the most popular areas, while high levels of interest among prospective investment property buyers is also likely to push up prices.

As a result, Turkey could be a potentially lucrative investment for those who enter the market early, as they can snap up houses while they are still relatively cheap and allow them to appreciate in value.

Furthermore, buy-to-let investors can also benefit from the proceeds of their rental yield.

Amberlamb commented: "Every single conceivable fundamental that supports the potential for an emerging property market is in place in Turkey."

The UN World Tourism Organisation recently found that the number of holidaymakers choosing to visit the country rose by 18 per cent last year.
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