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Turkey to benefit from tourism and strong economy

Date : (News Section: Turkey)

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Turkey to benefit from tourism and strong economy

Turkey continues to be an attractive investment prospect, with new figures suggesting that real estate recovery is taking place.

The latest statistics show that house sales were up by 25 per cent over the course of 2009, in comparison to the previous year.

Dominic Whiting, editor of the Buying in Turkey Guide, expressed his delight at the news, claiming that the property market is likely to be further bolstered by a record-breaking tourism season in 2010.

In addition, a number of airlines have announced that they plan to increase the number of flights currently on offer to the area, with Pegasus Airlines, Easyjet and Monarch all offering additional services.

Mr Whiting continued: "Location and quality remain of key importance. Buyers should be looking for property in the best areas, which represents a solid investment as the market bounces back.

"It will remain a buyers' market for the time being, with some excellent deals to be found."

Furthermore, the latest figures from Standard and Poor's credit analysis painted a positive outlook for the country, stating that its economy and banking system had held up well through the financial crisis.

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Article by +Steve Binge on behalf of Propertyshowrooms.com

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