High-speed rail network set to boost tourism
Wednesday, June 11, 2008
Tourism and foreign investment in Turkey could be set to increase as a result of improved accessibility.
Anatolian News Agency has reported that Turkish State Railways (TCDD) wants to open up a new high-speed rail service to the public before the end of the year. TCDD director general Suleyman Karaman has commented that the infrastructure is already complete, while links to other destinations including Sivas are near completion. He further said that modern station buildings and related developments such as shopping centres and tourist accommodation will also be built near the new stations.
This has prompted property experts and media outlets to predict that number of vacationers and overseas property investors to Turkey would be increased. Rumi Dogay of the Pamucak Union of Tourism Investors has said that many traditional European destinations are on the brink of an economic recession, many tourists are traveling slightly further afield to places which offer better value for money. As a result, Turkey is expected to attract a record number of tourists in 2008.
This will be a positive development for overseas property investors who have purchased rental accommodation in the country, as they indicate that they may benefit from extra rental demand in future. The booming tourism leads to the value of property in certain hotspots going up. Consequently, investors would be able to collect the proceeds of substantial capital growth.
The Times has recently highlighted Turkey as a good destination for holidaymakers who need "their annual dose of Mediterranean sunshine".
Anatolian News Agency has reported that Turkish State Railways (TCDD) wants to open up a new high-speed rail service to the public before the end of the year. TCDD director general Suleyman Karaman has commented that the infrastructure is already complete, while links to other destinations including Sivas are near completion. He further said that modern station buildings and related developments such as shopping centres and tourist accommodation will also be built near the new stations.
This has prompted property experts and media outlets to predict that number of vacationers and overseas property investors to Turkey would be increased. Rumi Dogay of the Pamucak Union of Tourism Investors has said that many traditional European destinations are on the brink of an economic recession, many tourists are traveling slightly further afield to places which offer better value for money. As a result, Turkey is expected to attract a record number of tourists in 2008.
This will be a positive development for overseas property investors who have purchased rental accommodation in the country, as they indicate that they may benefit from extra rental demand in future. The booming tourism leads to the value of property in certain hotspots going up. Consequently, investors would be able to collect the proceeds of substantial capital growth.
The Times has recently highlighted Turkey as a good destination for holidaymakers who need "their annual dose of Mediterranean sunshine".
Labels: Infrastructure, Tourism
