Occupancy rates are high in Turkish rental properties
Friday, December 12, 2008
Rental investors could be set to benefit from a surge in visitor numbers, a media outlet has revealed.
According to Property Wire, more and more holidaymakers are booking trips to Turkey, as it offers better value than other European countries. Since many property investors and tourists are feeling the effects of the credit crunch and rising living costs, they are increasingly opting to visit places which have the most favourable exchange rates. Turkey has seen a 14 per cent increase in the number of bookings on a year-by-year basis which means that there will be a solid demand for property.
According to the Association of Independent Tour Operators (AITO), Turkey is increasingly becoming a hotspot for the Brits.They believe that this is partly because the pound has recently plummeted in value against the strong euro. Ahmet Barut, president of the Turkish Hotels Federation said that occupancy rates are increasing and he expects this to lead to further growth during the rest of the year. He added that Turkey attracted people from countries such as Spain,UK, Switzerland and central Europe. However, he stated that he expects its appeal to spread to the east of the continent.
The booming tourism also makes it more attractive to foreign property buyers, as house prices are being pushed upwards. Therefore, investors who enter the market early could find their purchase is worth much more within a fairly short space of time.
Social BookmarkingAccording to Property Wire, more and more holidaymakers are booking trips to Turkey, as it offers better value than other European countries. Since many property investors and tourists are feeling the effects of the credit crunch and rising living costs, they are increasingly opting to visit places which have the most favourable exchange rates. Turkey has seen a 14 per cent increase in the number of bookings on a year-by-year basis which means that there will be a solid demand for property.
According to the Association of Independent Tour Operators (AITO), Turkey is increasingly becoming a hotspot for the Brits.They believe that this is partly because the pound has recently plummeted in value against the strong euro. Ahmet Barut, president of the Turkish Hotels Federation said that occupancy rates are increasing and he expects this to lead to further growth during the rest of the year. He added that Turkey attracted people from countries such as Spain,UK, Switzerland and central Europe. However, he stated that he expects its appeal to spread to the east of the continent.
The booming tourism also makes it more attractive to foreign property buyers, as house prices are being pushed upwards. Therefore, investors who enter the market early could find their purchase is worth much more within a fairly short space of time.
