Turkish Tourism Market
During 2005, the rate of tourism saw a 29 per cent growth in the number of arrivals to Turkey shores. Incoming tourist receipts also amounted to US$11.9 billion (£6 billion) in 2005.
With over 25 million tourists to visit Turkey during 2007, this in turn will boast the Turkey property market. A major indication of the current state of any property market is the tourist trade. In Turkey the tourist market has been there with the Germans, British and Russians for many years and now is seeking unprecedented growth as the country gains more exposure in the international press. The possibility of Turkey becoming an EU member country will reinforce this exposure in the world property market place.
Current investment demand for Turkey’s property markets is also reflected in the 25 million tourists predicted for 2007. This translates into solid rental yields by buy-to-let investors who purchase in the best tourist locations.
The golf region of Turkey is located within the Turkish Riviera, on the Mediterranean coast in Antalya, with over 11 championship golf courses, including the Colin Montgomery and Nick Faldo course, with Bernard Langer set to follow. The Antalya region is set to become the hottest place in Turkey for golf property investments and buy to let rental opportunities. No other region has seen massive increases in Tourist numbers and property growth than the Turkish Riviera.
Championship Golf has been an effective market driver in many successful property markets around the world for many years. Spain has used golf to generate a very strong secondary season with thousands of golfers flocking to its shores to play golf during a time when they can’t play their sport at home. With golf being so popular around the world many developments are now being constructed around or near golfing facilities. Turkey and namely Antalya is no different. |
Property values in Turkey |
