Investors will capitalise on exchange rate and cheap property in Turkey

The favourable exchange rate and low priced property will make Turkey a favourite with the British investor this year, it has been claimed.

Property Abroad has predicted a boom in the Turkish property market this year as investors look to capitalise on the country's growing tourism industry.

Data released by Anna Aero shows that Turkey is the fastest growing tourist destination in the world, with a 9.4 per cent increase in flights from Britain in 2009.

Over the past year the exchange rate has kept many investors away from expensive eurozone countries, while the Turkish Lira has remained weak against the GBP meaning there are opportunities for a bargain.

"In 2010 there are likely to be far more buyers active in the market, as tourism has seen growth," the article states.

"This is because of the massive increase in British tourism to Turkey, which has been put at around 20 to 25 per cent by the Association of British Travel Agents."

Last year Quest Turkey reported that the country was ideal for Brits looking to purchase holiday homes.