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Turkish rental market set to grow

Article Date : Friday, March 07, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Demand for rental accommodation in Turkey is likely to grow in the next few years, according to an expert.

Sarah Brown from NuBricks stated that holiday homes across the country would be in massive demand if "ambitious" plans to attract more tourists are successful.

The government wants to increase the annual number of foreign arrivals from 23 million to 50 million in the next 15 years.

Writing for the website, Ms Brown said that if it gets "anywhere near" this figure, a property boom is also likely to take place.

She commented: "Turkey could be a very interesting property market to watch over the next few years."

Ms Brown added that existing holiday homes in key tourist resorts will be particularly sought-after.

This will be good news for owners of investment property in Turkey who have already entered the market in these places, as it means they will be in line to collect strong returns.
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