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Over 17 million tourists tempted by Turkey to date with 30 million expected by end of 2011
September 6, 2011Article by Ray Withers
Turkey’s tourism sector has exhibited a remarkable performance this year with an 11% increase in the number of tourists visiting the Eurasian nation in the first seven months of 2011 with 17,624,969 tourists visiting between January and July this year according to data from the Turkish Culture and Tourism Ministry and up to 30 million expected in total by year end.
Impressively, the month of July alone saw a 5.49% increase in tourists visiting the country totalling 4,597,475 tourists, of which Germany took centre stage with 602,511 travellers (13.11%) while 586,905 tourists (12.17%) arrived from Russia and 435,143 (9.46%) from England.
With 25.41% of tourists entering through Istanbul, the city’s Sabiha Gökçen Airport has been named the world’s fastest growing airport by Airports Council International (ACI) having experienced a 29% increase in international tourists in the first seven months of 2010, hardly surprising given the booming nature of Turkey’s airline carriers recently.
Turkey’s national flag carrier, Turkish Airlines, one of the fastest growing airlines in the world carried 18.1 million passengers in the first seven months of this year, 10.6% more than in the same period last year, helping propel the carrier towards being named the best airline in Europe at the World Airline Awards 2011 back in July in recognition of the quality of its in-cabin service and the range of locations it flies to. The airline also won the World’s Best Premium Economy Class Airline Seat and Best Airline Southern Europe awards.
Furthermore, Turkish Airlines, which has increased its number of destinations both within and outside of Turkey including more flights to Washington D.C. and a new route to Turin, Italy is preparing to commence its first ever flight to Argentina by the end of the year.
Undoubtedly becoming one of the most popular places to visit, Turkey has witnessed the positive knock on effect on the local real estate market seeing the average price of a house increase by 6.2% in the first quarter of 2011 compared to the same period in 2010. And, combined with the nation’s fast growing and stable economy outstripping BRIC powerhouses like China, Turkey has quickly emerged as an investment goldmine for potential property investors.
Ray Withers, Director of Turkish property investment experts, Property Frontiers, comments,
“The Turkish economy is thriving. Strong economic growth and increasing demand for property generated from growing populations combined with the removal of visa requirements for many countries have created vast opportunities for investors. Economic stability is without a doubt one the biggest reasons behind good sales figures in the Turkish property market with investment focussed within rapidly growing cities like Istanbul, in particular areas like Beylikduzu, one of the fastest growing regions in the country that affords cheaper property price tags than the rest of Europe.”
As a perfect opportunity to capitalise on the positive growth and ever growing popularity of the nation, Property Frontiers has a stunning new key ready development affording 1 and 2 bedroom luxurious modern apartments located in the heart of Beylikduzu.
Available £20,000 below comparable projects in the area, the spacious apartments of Kensington Residence will present tremendously good value for money with an investment of only £16,500 required for a 1 bedroom and £29,000 for a 2 bedroom apartment.
In addition 70% LTV finance is available while investors can enjoy an immediate and guaranteed rental income at 7% for 2 years.
For more information about investing in this European investment thoroughbred which is set to see a 5% price increase as of 9th September 2011, please contact the experts Property Frontiers today on +44 (0) 1865 202 700.