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
posted by EstatesNewz, 11:55 PM
0 Comments
|
New airport at Gazipasa makes Turkey a property hotspot
Tuesday, April 29, 2008
Turkey is anticipated to become one of the most popular destinations from Gatwick to the Mediterranean this year, since the announcement of the new airport at Gazipasa near Antalya.
Simon Ryeland, Director of Principal International has said that increase in number of flights expose this region. This will attract more vacationers and investors looking for property to rent out. British Airways have announced that they will operate 3 flights per week from Gatwick to Antalya from April. The move by the airline signals the growing popularity of the region of Antalya with British holidaymakers. Antalya International Airport already comes second in the busiest airport terminal on the Mediterranean coastline and 14th in the world during 2007.
This is exciting news for the region that has already seen an increase of 25% in tourist numbers since last year. Now travelers will be able to choose from the increased number of flights. Property investors can expect good rental profits and high occupancy in low tourist season also as year round sunshine in turkey extends the rental year.
The Ministry of Forest and Agriculture in Turkey has issued a White Paper on guidelines and restrictions to be introduced up to the year 2025 to ensure that its immaculate and unspoilt coastline remains that way. It may have some impact in the number of new construction but tourism is on the high, the Turkish Riviera will be protected for generations to come and the same high level of tourism can be maintained.
Buildings is restricted to enable coastal resorts to grow but without spoiling any of the natural beauty of turkey, while those who have already invested in properties reaping the rewards of inflation in house prices and high rental yields in all areas which is stimulated by a shortage of available resale and new units.
Simon Ryeland, Director of Principal International has said that increase in number of flights expose this region. This will attract more vacationers and investors looking for property to rent out. British Airways have announced that they will operate 3 flights per week from Gatwick to Antalya from April. The move by the airline signals the growing popularity of the region of Antalya with British holidaymakers. Antalya International Airport already comes second in the busiest airport terminal on the Mediterranean coastline and 14th in the world during 2007.
This is exciting news for the region that has already seen an increase of 25% in tourist numbers since last year. Now travelers will be able to choose from the increased number of flights. Property investors can expect good rental profits and high occupancy in low tourist season also as year round sunshine in turkey extends the rental year.
The Ministry of Forest and Agriculture in Turkey has issued a White Paper on guidelines and restrictions to be introduced up to the year 2025 to ensure that its immaculate and unspoilt coastline remains that way. It may have some impact in the number of new construction but tourism is on the high, the Turkish Riviera will be protected for generations to come and the same high level of tourism can be maintained.
Buildings is restricted to enable coastal resorts to grow but without spoiling any of the natural beauty of turkey, while those who have already invested in properties reaping the rewards of inflation in house prices and high rental yields in all areas which is stimulated by a shortage of available resale and new units.
Labels: Antalya, Infrastructure, Investment-property
posted by EstatesNewz, 4:27 AM
0 Comments
|
Urban transformation in Istanbul
Friday, March 28, 2008
Sabri Ateş, chairman of the Istanbul Real Estate Dealers Chamber, said urban transformation projects in Istanbul should start right away and must be completed in next 5 years.
The rehabilitation of the old residential areas; old houses that were constructed illegally and in insalubrious condition would be replaced with fresh ones with the green areas, parking areas and social facilities. The future of the Istanbul will depend on this urban transformation which will make it as a truly cohesive society. The construction sector has direct influence on other sectors .The urban transformation will be focused to balance conservation, utilization for sustained growth and reduce earthquake repercussions.
Mr.Ateş said that the urban transformation project which would positively affect the Turkish economy should be effective immediately for the salvation of Istanbul and to develop a long term plan for maintaining and strengthening of infrastructure. The selection criteria for the urban transformation will be based on technical feasibility, financial viability and environmental prosperity.
Social BookmarkingThe rehabilitation of the old residential areas; old houses that were constructed illegally and in insalubrious condition would be replaced with fresh ones with the green areas, parking areas and social facilities. The future of the Istanbul will depend on this urban transformation which will make it as a truly cohesive society. The construction sector has direct influence on other sectors .The urban transformation will be focused to balance conservation, utilization for sustained growth and reduce earthquake repercussions.
Mr.Ateş said that the urban transformation project which would positively affect the Turkish economy should be effective immediately for the salvation of Istanbul and to develop a long term plan for maintaining and strengthening of infrastructure. The selection criteria for the urban transformation will be based on technical feasibility, financial viability and environmental prosperity.
Labels: Economy, Infrastructure, Istanbul
posted by EstatesNewz, 10:05 PM
0 Comments
|
