Tourism set to boost Turkish rental market

Overseas property investors could benefit from a surge in the number of people visiting Turkey.

According to the Association of British Travel Agents, the European country has become one of the main hotspots for holidaymakers from the UK this summer.

In fact, figures show that the number of bookings has risen by 20 per cent on a year-by-year basis.

Frances Tuke, spokesperson for the organisation, believes this is due to the fact that the strong euro has forced up the cost of taking holidays in other Mediterranean hotspots, such as France and Spain.

She told BBC News: "People are thinking about their pockets and where their money is going to go further."

Since Turkey is benefiting from extra tourism, the country could be an ideal location for buy-to-let investors to consider, as rising demand could create higher rental yields.

According to Property Wire, more than 27 million foreign leisure travellers are set to arrive in the country this year.
 

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