Low Cost Flights Boosting Turkey's Property Investment and Tourism Attraction
- By Rhiannon Davies
- Published 11/2/2008
Backing up these positive predictions is firm evidence that the nation is attracting growing numbers of international visitors who are helping to underpin a solid fiscal environment. For example, Turkish Airlines have reported an over 14% year on year growth rate for the first nine months of 2008, and now the British low cost carriers Jet2 and FlyGlobespan have announced brand new routes from Leeds/Bradford, Glasgow, Edinburgh and Aberdeen airports in the UK to Dalaman - the gateway to Turkey's Aegean coast.
As Turkey remains on the cusp of EU entry but well outside the eurozone, so it manages to maintain a uniquely attractive position with both visitors and investors. The likes of these airlines recognise that the relative affordability of the lira based economy will attract growing numbers of British and European tourists who want to make their spending money go further. Therefore they are keen to take up air space and travel routes as they become available. At the same time, the likes of Deutsche Bank, PricewaterhouseCoopers and Merrill Lynch, (now owned by Bank of America), are waxing lyrical about Turkey's long-term potential and appeal as it edges ever closer to full membership of the European Union.
According to Julian Walker, Managing Director of Turkish property experts Spot Blue: "Destinations like Dalaman are obviously seeing the very real and very positive effects of the overall global confidence that exists in Turkey as a nation. Not only are airlines increasing flights to the resort, new airlines are entering the skies and tourism numbers are predicted to increase as new facilities and attractions in and around Dalaman, such as the Hilton Dalaman Golf and Spa Resort, come on line.
"For those looking to diversify their investment portfolio or who are seeking an alternative for their savings, Turkish property has become something of a must-have. Investors recognise the long-term potential for gains in resorts as attractive as Dalaman where increasing demand brought on by advancing sophistication could result in rising prices. At the same time, would-be second home owners, who also want to earn an income from their investment purchase, realise that there is very real demand for tourism rental accommodation in a resort as rapidly advancing as Dalaman. What's more, the future direction for the holiday market is likely to embrace self-catering more and more as holiday makers hit by the credit crunch and general state of the world's economy seek more affordable ways to vacation. This is great news for those with a second home in Turkey's most in demand coastal areas, because they can offer their property to self-catering holidaymakers during the long hot summer season that Southern Turkey enjoys."
For more opinion about the Turkish property market and for details of the stunning second home and investment property opportunities that exist in Turkey, contact Spot Blue on 020 8339 6036 or visit www.spotblue.co.uk
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