2010 To Be A Good Year For Turkish Property And Tourism
News Posted On: 25 January 2010
2010 is to be a very good year indeed for Turkish property. Turkey has been growing in popularity as a tourism destination, and as we all know the tourists of today become the holiday home buyers of tomorrow.
In 2010 there are likely to be far more buyers active in the market, as tourism has seen growth. British buyers will be especially active. This is because of the massive increase in British tourism to Turkey, which has been put at around 20-25% by the Association of British Travel Agents.
The massive growth in tourism to Turkey, to become a massive increase in foreign property purchases to British buyers, is because of the massive change in foreign exchange rates triggered by the financial downturn. This has seen European property and holidays grow massively more expensive to Brits, while property in Turkey has ranged from the same, to 11% cheaper than it was before the downturn.
According to recent data from Anna Aero, air travel from Britain to Turkey grew 9.4% during 2009, making Turkey the fastest growing destination in the world. In 2008 1.5million Brits holidayed in Turkey, whilst 3m German's enjoyed the Turkish sun sea and sand. The Turkish government hopes to see Britain catch up with Germany this year.
Meanwhile, in terms of Brits buying overseas property, activity is expected to see a huge surge this year, after last year's exodus. Turkey is sure to be among the favourites with the revitalised British buyer, because its combo of a favourable exchange rate and low priced property give Turkish property a knock-out blow of value for money.
View Turkish property for sale
Back to news articles for this country