Investment Property in Turkey

What with the projected increase in tourism arrivals and revenues by 2023, the strengthening economy, the low property prices and the easy accessibility, forecasts for the Turkish real estate market are very positive.

With the increase in Tourism arrivals, from just under 20 million arrivals in 2006 to the projected 63 million arrivals in 2023, the quantity of transitory residents will increase exponentially.

Fuelled by the significant revenues generated by this influx of tourist currency, the middle class will accompany the growth of the demand for rental units and develop a higher demand for permanent and temporary residences, particularly if the current stable political and economical situation continues its positive trend.

As Turkey comes closer to joining the European Union, real estate prices will increase along with infrastructure and facilities in or near resorts and cities.

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