Turkish property to benefit from strong economy and tourism

During this time of economic uncertainty for eurozone countries, Turkey is reaping the benefits of a robust economy and strong tourism industry.

Signature International has highlighted the positive outlook that the destination is faced with in comparison to its beleaguered neighbour Greece.

Daniel Dias, spokesperson for the developer, explained that Turkey has come a long way since the beginning of 2009.

"Considering Turkey registered a 14.5 per cent drop in GDP in the first quarter of 2009, it's made a remarkable comeback, thanks to increased consumer confidence, business activity and property development," he confirmed.

"Analysts have now upped GDP forecasts for 2010 to in excess of 5.4 per cent. It's clear just how robust Turkey's recovery has been."

In addition, the property portal drew attention to the growing tourism industry in Turkey.

During the last quarter of 2009, foreign visitors to the destination rose by 11 per cent in comparison with the same quarter in 2008.

Earlier this year, several low-cost airlines announced that they plan to increase the number of flights on offer to Turkey, with Pegasus Airlines, Easyjet and Monarch all adding services.

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