Tuesday 5 January 2010

TURKISH PROPERTY, A "BUYERS MARKET"


The Turkish government hopes love will make its country one of the world's top five tourist destinations by the 2023. If they succeed, this could be good news for holiday home buyers there.

Turkey is being plugged as a top honeymoon destination by its tourism industry which is hoping to benefit from huge investment in the country's infrastructure: new airports, roads, golf courses, marinas and hotels are being built in coastal areas which estate agents say will appeal to second home buyers as much as to tourists. The plan seems to be working, because 24 million tourists visited Turkey in 2009, a 2 per cent increase on 2008, despite the world's economic problems.

Already 74,000 foreigners own property in Turkey, and estate agents say more may be tempted to join them, because the country's housing sector is a “buyers market” following a drop in property prices from their peak in 2007. Tipped hotspot, Dalaman, because of new international flights.

http://globalpropertynews.blogspot.com

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