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Turkey benefits from the change in holiday habits

Sunday, February 1, 2009

The Turkish property market is to receive a boost by rising tourist numbers due to the changing holiday habits by British travelers as they choose Turkey as their destination.

The Turkish tourism officials have credited current exchange rates across Europe are helping to boost the sector. Travel agent Dawson and Sanderson claimed that this has come about as the weakness of the pound against the euro has made holidaying within the euro zone more expensive and Turkey offers very favorable exchange rates with the UK.

Ahmet Barut, head of the Turkish Hoteliers Federation, Speaking to TurkishPress.com, said that Turkey is now being widely seen as a good-value alternative to traditional European markets. According to the Turkish Hoteliers Federation, there has been a 17 per cent increase in the number of British visitors to the country this year and travel experts have said they expect this pattern to continue in 2009. The tourism growth makes buying a property in a popular holiday region a profitable venture for overseas investors.

The cost of property is still relatively low and bargains can still be found despite price hikes of up to 40 per cent in some areas of Turkey.

According to the Telegraph, Turkey is a highly affordable location which is also very easy to reach. Spokesman of the Association of British Travel Agents (Abta) said: "With the position of the currencies unlikely to get much better we expect people will continue to look further afield to North Africa and Turkey, which offer much better value for money and where you can still find dinner for two for £20."

In related news, the Post Office described Turkey as one of the "best value" short-haul destinations in Europe.

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posted by EstatesNewz, 3:04 AM

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