Turkey deserves investors consideration in 2009
Monday, March 16, 2009
As the Global economic crisis continues to affect all the sectors, property in Turkey is becoming a potential investment target.
According to overseas property specialists Azure Overseas, Turkey could see a rise in interest for its properties during 2009.
Company director Frank Crowley claims that prices for property in Turkey are now "falling back" in line with the global market and added the country's predicted growth in accessibility, core infrastructure; tourism amenities and economic prospects all work in its favor for 2009. Massive investment being ploughed into improving the infrastructure by the government and industry experts believe that this sort of investment forces the value of real estate up - even in a falling market.
The economic crisis could also spell good news for Turkey's tourism industry, as it is one of the most affordable tourist destinations. Tourism in Turkey rose by 13.1 per cent in the first ten months of 2008. Turkey's tourist board has stated that the nation will have a strong year in 2009, due to the country's status of European Capital of Culture next year and a number of cultural events which is expected to draw in increased number of holidaymakers. James Gonzalez, market analyst at Obelisk investment property commented: "The signs are that Turkey is set to become more established during 2009 and the nation certainly offers some excellent investment opportunities."
In related news, Paul Schwaiger, managing director of SunExpress, the joint venture of Turkish Airlines and Lufthansa has stated that Turkey's quality offerings and value for money will attract holidaymakers, which could be good news for people with property in Turkey, reports Hurriyet Daily News.
Social BookmarkingAccording to overseas property specialists Azure Overseas, Turkey could see a rise in interest for its properties during 2009.
Company director Frank Crowley claims that prices for property in Turkey are now "falling back" in line with the global market and added the country's predicted growth in accessibility, core infrastructure; tourism amenities and economic prospects all work in its favor for 2009. Massive investment being ploughed into improving the infrastructure by the government and industry experts believe that this sort of investment forces the value of real estate up - even in a falling market.
The economic crisis could also spell good news for Turkey's tourism industry, as it is one of the most affordable tourist destinations. Tourism in Turkey rose by 13.1 per cent in the first ten months of 2008. Turkey's tourist board has stated that the nation will have a strong year in 2009, due to the country's status of European Capital of Culture next year and a number of cultural events which is expected to draw in increased number of holidaymakers. James Gonzalez, market analyst at Obelisk investment property commented: "The signs are that Turkey is set to become more established during 2009 and the nation certainly offers some excellent investment opportunities."
In related news, Paul Schwaiger, managing director of SunExpress, the joint venture of Turkish Airlines and Lufthansa has stated that Turkey's quality offerings and value for money will attract holidaymakers, which could be good news for people with property in Turkey, reports Hurriyet Daily News.
Labels: Tourism, Turkish-property
