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New marinas will be a benefit to the Turkish property market

Date : (News Section: Turkey)

New marinas will be a benefit to the Turkish property market

The Turkish property market is set for yet another boost as new marinas help the country become a major yachting destination.

According to Property Community, Turkey is aiming to prise business away from other Mediterranean coastal destinations by investing in new marinas.

The resort of Cesme is the latest to be given a makeover, after plans were announced to build a 400-berth port in the shoreline city.

Dominic Whiting, editor of the Buying in Turkey guide, told the website: "The marina should breathe new life into the town's waterfront, while promoting Cesme to a wider international audience of holidaymakers and property buyers.

"The ultimate aim is to double the country's share of the lucrative Mediterranean yacht tourism market from five per cent at present to ten per cent."

Currently, property investors are able to capitalise on the fact that Turkey lies outside the eurozone, which makes it cheaper for Briton's to visit because of the favourable exchange rate.


Article by +Steve Binge on behalf of

Read More

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  2. 04 July 2014 - Turkish Resort All the Rage with Celebrities
  3. 23 May 2014 - International Airport Expansion Attracts Investor Interest
  4. 15 March 2014 - Turkey to remain popular with overseas buyers in 2014
  5. 10 March 2014 - Weak Currency and New Regulations Push Foreign Investment in Turkey

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