New Airport in Turkey Increases Property Investments
10 December 2010
The beautiful Mediterranean country of Turkey has been a very popular holiday home investment location in recent years. Those looking for a special place in the sun have been drawn by its lovely beaches, warm Mediterranean sun, delicious local cuisine, and thousands of years of interesting history. Now, with plans for a new airport recently approved, property for sale in Turkey is going to become even more desirable.
There are already 32,000 overseas buyers from the UK who have invested in property for sale in Turkey, according to recent statistics from the Turkish General Directorate of Land Registry, and now with the new airport providing even more efficient access and frequent flights, those numbers are expected to rise even further. The new airport will be built on the outskirts of Istanbul, the country's largest city and will be far larger and able to accommodate more visitors that the current Istanbul Ataturk Airport. It will be the biggest airport ever constructed in Turkey.
Also in response to this flux of interest in Turkey, several hotel chains are building new hotel rooms, with 2,270 rooms planned by hotels such as Crowne Plaza, Hilton, and Radisson Blu. The government is currently investing in the steadily strengthening tourism economy as well.
Foreign investors are discovering that property for sale in Turkey lets them take advantage of a Mediterranean location without the struggling economy currently associated with the Euro. On average, prices increases are measuring at an impressive -%30. Buy-to-let property for sale in Turkey is a popular trend, with home owners taking advantage of the strong tourist market in this region and renting out their home for part of the year to visitors. Other older investors are choosing Turkey as the place to retire, because of its long summers and mild climate.
Whatever brings you to Turkey, thanks to the new airport your journey will soon be much quicker and easier!
Written By Michael Reilly
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