First-time buyers turn towards towering Turkey
Sunday, August 3, 2008
First time visitors and First-time buyers are starting to turn towards Turkey, their confidence boosted by wide variety of attractions and affordable property prices, research shows.
National Savings and Investment found that 25 per cent of the British people would consider buying abroad where property is cheaper in order to get their foot on the property ladder back in the UK. James Caldwell, director at Fairinvestment.co.uk has stated that investors find cheaper property prices and a lower cost of living in sunnier climets which could make buying their first home more affordable while they continue a high quality of life.
Ahmet Barut, head of the Turkish Hoteliers Federation, believes that Turkey will attract a substantial number of first time tourists this summer. He also added that the weakness of the pound against the euro has made holidaying within the eurozone more expensive. Turkey has attracted more than 23 million holidaymakers last year and upto ten per cent rise is expected in the number of tourists visiting Turkey this year.
TurkishPress.com has reported that Turkey is now being widely regarded as a good-value alternative to traditional European markets. The better quality of life, lower cost of living and the relative affordability of residential property are proving a draw to first-time buyers.
The house prices on the Turkish Riviera are on the rise and would eventually match those in comparable European tourist hotspots such as Greece, Spain and Italy. Property investors who choose to buy a holiday home on the Turkish Riviera could also be making a profitable long-term investment as properties in the coastal resorts starts from £35,000 with realistic capital growth along with a rental yield opportunity.
Social BookmarkingNational Savings and Investment found that 25 per cent of the British people would consider buying abroad where property is cheaper in order to get their foot on the property ladder back in the UK. James Caldwell, director at Fairinvestment.co.uk has stated that investors find cheaper property prices and a lower cost of living in sunnier climets which could make buying their first home more affordable while they continue a high quality of life.
Ahmet Barut, head of the Turkish Hoteliers Federation, believes that Turkey will attract a substantial number of first time tourists this summer. He also added that the weakness of the pound against the euro has made holidaying within the eurozone more expensive. Turkey has attracted more than 23 million holidaymakers last year and upto ten per cent rise is expected in the number of tourists visiting Turkey this year.
TurkishPress.com has reported that Turkey is now being widely regarded as a good-value alternative to traditional European markets. The better quality of life, lower cost of living and the relative affordability of residential property are proving a draw to first-time buyers.
The house prices on the Turkish Riviera are on the rise and would eventually match those in comparable European tourist hotspots such as Greece, Spain and Italy. Property investors who choose to buy a holiday home on the Turkish Riviera could also be making a profitable long-term investment as properties in the coastal resorts starts from £35,000 with realistic capital growth along with a rental yield opportunity.
Labels: Travel, Turkish-property
posted by EstatesNewz, 2:33 AM
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Rental potential is a fiscal fact in Turkey
Thursday, July 3, 2008
Rental investors in Turkey could be set to witness a surge in occupancy rates in the next few months, according to experts.
Vural Oger of Oger Tours on an interview to Hurriyet has stated that the number of European holidaymakers is expected to increase as much as ten per cent this year and there is likely to be a significant increase in the number of German visitors possibly of about six per cent. As a result, demand for rental accommodation will increase and generate higher returns for property owners.
Rumi Dogay of the Pamucak Union of Tourism Investors Speaking to TurkishPress.com said that many holidaymakers in the continent opt to visit Turkey this year as many traditional European destinations are on the brink of an economic recession. As a result, Turkey is benefiting appreciably and is expected to attract a record number of holidaymakers in 2008.
TurkishPress.com reported that Turkey attracted more than 23 million foreign leisure travelers last year and it is likely to increase this year. The tourist sector has generated about £1.4 billion in the first 3 months of 2008. This has made Turkey more attractive to foreign property buyers and house prices are spiraling upwards.
Turkey was singled out by the Guardian as a good destination for British holidaymakers to consider because the pound has slumped to a record low against the euro.
Social BookmarkingVural Oger of Oger Tours on an interview to Hurriyet has stated that the number of European holidaymakers is expected to increase as much as ten per cent this year and there is likely to be a significant increase in the number of German visitors possibly of about six per cent. As a result, demand for rental accommodation will increase and generate higher returns for property owners.
Rumi Dogay of the Pamucak Union of Tourism Investors Speaking to TurkishPress.com said that many holidaymakers in the continent opt to visit Turkey this year as many traditional European destinations are on the brink of an economic recession. As a result, Turkey is benefiting appreciably and is expected to attract a record number of holidaymakers in 2008.
TurkishPress.com reported that Turkey attracted more than 23 million foreign leisure travelers last year and it is likely to increase this year. The tourist sector has generated about £1.4 billion in the first 3 months of 2008. This has made Turkey more attractive to foreign property buyers and house prices are spiraling upwards.
Turkey was singled out by the Guardian as a good destination for British holidaymakers to consider because the pound has slumped to a record low against the euro.
Labels: Investment-property, Rentals, Travel
posted by EstatesNewz, 6:48 AM
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Thermal Tourism heats up the tourist market
Wednesday, June 25, 2008
Culture and tourism minister Ertugrul Gunay said that Turkey attracted more than 23 million vacationers in 2007 which makes it the ninth-most visited country in the world in 2007. Mr. Gunay added Turkey was ranked in 11th place, in terms of the tourist trade. However, he pointed out that the number of tourists visiting Turkey and tourism incomes are not enough at all and he told that the tourism industry has to build on these figures and try to kindle further growth in the sector.
Thermal tourism is another new plan launched by the government of Turkey, which has been aggressively marketing Turkey as a holiday destination for some time. Thermal tourism is a lucrative market sector internationally and it is an industry based on the therapeutic and cosmetic powers of thermal springs. The Thermal Tourism Cities Project (TTCP) launched by Turkey's culture and tourism ministry in January aims to ascertain the country as one of the world’s leading thermal tourism destinations.
Turkish Geothermal Association (TGA) has stated that Turkey has the world's seventh-largest (and Europe's largest) thermal resources and has more than 1,300 sites of thermal interest across the country. The TGA estimates suggest that the country's thermal resources could cater for over 30 million visitors annually.
The TTCP has identified four main areas such as central Anatolia; southern Marmara; Phrygia; and the southern Aegean, including Aydin, Izmir, Manisa, and Denizli. Turkish government could soon be bringing billions of extra euros into the project to promote thermal sites and to develop existing facilities at home.
Thermal tourism is another new plan launched by the government of Turkey, which has been aggressively marketing Turkey as a holiday destination for some time. Thermal tourism is a lucrative market sector internationally and it is an industry based on the therapeutic and cosmetic powers of thermal springs. The Thermal Tourism Cities Project (TTCP) launched by Turkey's culture and tourism ministry in January aims to ascertain the country as one of the world’s leading thermal tourism destinations.
Turkish Geothermal Association (TGA) has stated that Turkey has the world's seventh-largest (and Europe's largest) thermal resources and has more than 1,300 sites of thermal interest across the country. The TGA estimates suggest that the country's thermal resources could cater for over 30 million visitors annually.
The TTCP has identified four main areas such as central Anatolia; southern Marmara; Phrygia; and the southern Aegean, including Aydin, Izmir, Manisa, and Denizli. Turkish government could soon be bringing billions of extra euros into the project to promote thermal sites and to develop existing facilities at home.
posted by EstatesNewz, 11:01 PM
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Turkey become a popular holiday destination for Dutch tourists
Wednesday, May 28, 2008
There is a significant increase in the number of Dutch visitors in Turkey and experts have predicted a further increase will be recorded this year. This would increase the demand for temporary lodgings in popular tourist hotspots during the peak holiday season. The number of Dutch visitors has gone up consistently since 2003.
Yildiray Karaer, director of low-cost airline Corendon Air has commented that Turkey has emerged as Holland's most popular holiday destination, Dutch holidaymakers are flocking Turkey throughout the year. The airline has revealed that Turkey at present has a 25% share of the Dutch tourism market.
Ertugrul Gunay, Culture and tourism minister has said that Turkey has attracted more than 23 million foreign leisure travelers in 2007 which makes it the ninth-most visited country in the world in 2007 and 11th place in terms of amount of revenue generated by tourism.
Turkey is recommended by the Telegraph because it presently offers very favourable exchange rates with the UK. France and Portugal has become more expensive places to visit due to strong euro. Moreover, it said that the cost of renting a property in some areas is about half the cost of accommodation in Spain. Turkey has become "number one" tourist destination because it is so much cheaper than many eurozone members.
The growing tourist sector is a positive development for owners of property in Turkey, as it suggests they may benefit from further rental demand in future. The added interest would also lead to the rise in the value of property. Consequently, investors would be able to amass the proceeds of substantial capital growth.
Yildiray Karaer, director of low-cost airline Corendon Air has commented that Turkey has emerged as Holland's most popular holiday destination, Dutch holidaymakers are flocking Turkey throughout the year. The airline has revealed that Turkey at present has a 25% share of the Dutch tourism market.
Ertugrul Gunay, Culture and tourism minister has said that Turkey has attracted more than 23 million foreign leisure travelers in 2007 which makes it the ninth-most visited country in the world in 2007 and 11th place in terms of amount of revenue generated by tourism.
Turkey is recommended by the Telegraph because it presently offers very favourable exchange rates with the UK. France and Portugal has become more expensive places to visit due to strong euro. Moreover, it said that the cost of renting a property in some areas is about half the cost of accommodation in Spain. Turkey has become "number one" tourist destination because it is so much cheaper than many eurozone members.
The growing tourist sector is a positive development for owners of property in Turkey, as it suggests they may benefit from further rental demand in future. The added interest would also lead to the rise in the value of property. Consequently, investors would be able to amass the proceeds of substantial capital growth.
posted by EstatesNewz, 11:05 PM
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Wet summer drives British investor's to Turkey
Saturday, April 26, 2008
Humberside Airport Travel figures reveal that many people from Humberside last-minute holiday bookings in order to escape from last year's wet summer. Their reports confirm that nearly 92 per cent of its bookings were made at the last minute.
The travel agency further said that Turkey was the most popular destination for followed by Cyprus. Turkish Airlines reported that a total of eight million people flew with the carrier till September of 2007 which is 19.4 per cent higher than the figures recorded 12 months earlier.
Rob Goldsmith, managing director of Humberside Airport, said that the last year summer saw increase in the number of visitors and he expected that the trend will continue. Property experts pointed out a link between the wet summer and an increased number of people purchasing property abroad. Currency specialist HiFX explained the surge of interest in buying abroad is mainly due to people wanting to live in a better climate.
Turkey is increasingly becoming popular because it offers overseas property investors the ideal place to buy a home in the sun as it has good weather all round the year. Michael Harrop, MD of New Turkish Properties has commented that glorious weather is pulling in crowds of takers when it comes to property in Turkey.
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The travel agency further said that Turkey was the most popular destination for followed by Cyprus. Turkish Airlines reported that a total of eight million people flew with the carrier till September of 2007 which is 19.4 per cent higher than the figures recorded 12 months earlier.
Rob Goldsmith, managing director of Humberside Airport, said that the last year summer saw increase in the number of visitors and he expected that the trend will continue. Property experts pointed out a link between the wet summer and an increased number of people purchasing property abroad. Currency specialist HiFX explained the surge of interest in buying abroad is mainly due to people wanting to live in a better climate.
Turkey is increasingly becoming popular because it offers overseas property investors the ideal place to buy a home in the sun as it has good weather all round the year. Michael Harrop, MD of New Turkish Properties has commented that glorious weather is pulling in crowds of takers when it comes to property in Turkey.
Labels: British, Property-buyers, Travel
posted by EstatesNewz, 1:01 AM
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Turkey become popular destination for Eastern Europeans
Tuesday, April 15, 2008
Turkey is becoming the most popular destinations for eastern Europeans due to the low entry costs they provide for investors in terms of getting on to the property ladder.
TurkishPress.com cited Turkish Statistical Institute statistics showing that in last 2 months turkey has attracted over 280,000 people from Eastern Europe which is more than 2 percent when comparing the same period last year.
The aesthetic beauty of the costal areas blended with a rich history and a hospitable atmosphere makes Turkey appeal to Europeans and particularly eastern Europeans recently. The official figures states that nearly 140,000 Bulgarian nationals chose to take a holiday in turkey during winter months and they were only fractionally behind German tourists to visit Turkey in 2008
The Turkish government initial target is to boost tourism from 20 million to 25 million in 2008 and also aims to double the annual number of foreign tourists from 23 million to 50 million in the next 15 years.
The government's initiatives to boost tourism are anticipated to increase interest from foreign property buyers. The BuyAssociation states that Turkey's growing holidaymaking appeal is making it very attractive to but -to-let investors.
Social BookmarkingTurkishPress.com cited Turkish Statistical Institute statistics showing that in last 2 months turkey has attracted over 280,000 people from Eastern Europe which is more than 2 percent when comparing the same period last year.
The aesthetic beauty of the costal areas blended with a rich history and a hospitable atmosphere makes Turkey appeal to Europeans and particularly eastern Europeans recently. The official figures states that nearly 140,000 Bulgarian nationals chose to take a holiday in turkey during winter months and they were only fractionally behind German tourists to visit Turkey in 2008
The Turkish government initial target is to boost tourism from 20 million to 25 million in 2008 and also aims to double the annual number of foreign tourists from 23 million to 50 million in the next 15 years.
The government's initiatives to boost tourism are anticipated to increase interest from foreign property buyers. The BuyAssociation states that Turkey's growing holidaymaking appeal is making it very attractive to but -to-let investors.
Labels: Latest-news, Travel
posted by EstatesNewz, 5:01 AM
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Turkish destinations delight travelers
Monday, February 11, 2008
Turkey as a place that offers an enjoyable holiday experience without overstretching people financially is further highlighted by British Midland Airways (BMI) as Passenger numbers on flights to Turkey are likely to go up this year, the carrier has announced.
The main challenge in the Turkish market is competition against other airlines, said Gail Holden, commercial development manager of BMI. She has said in a press conference that the Turkish market is a highly sophisticated one and already many carriers operate to and from Turkey like BMI. This is why they need to make sure that they are on top form in order to compete and to give better service in Turkey and they are expanding rapidly. BMI launched direct flights between Ankara and London without a stop over in Istanbul from October 2007.
Her comments are really encouraging for travelers and buyers as the competition between the airlines reflects the strong appeal of the country.
Research by the UN World Tourism Organization (UNWTO) showed that visitor numbers increased by 18 per cent last year which was higher than the increase recorded in most of the European countries during the same period. This increase should boost Turkish property market.
Social BookmarkingThe main challenge in the Turkish market is competition against other airlines, said Gail Holden, commercial development manager of BMI. She has said in a press conference that the Turkish market is a highly sophisticated one and already many carriers operate to and from Turkey like BMI. This is why they need to make sure that they are on top form in order to compete and to give better service in Turkey and they are expanding rapidly. BMI launched direct flights between Ankara and London without a stop over in Istanbul from October 2007.
Her comments are really encouraging for travelers and buyers as the competition between the airlines reflects the strong appeal of the country.
Research by the UN World Tourism Organization (UNWTO) showed that visitor numbers increased by 18 per cent last year which was higher than the increase recorded in most of the European countries during the same period. This increase should boost Turkish property market.
Labels: Travel
posted by EstatesNewz, 10:44 PM
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