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Tourism

Revenue from tourism

In 2005, the revenue Turkey received from tourism came to over $18 billion, and visitor numbers had increased by 20.4% from the previous year to 21 million, making the country one of the world’s top ten destinations for overseas visitors. The figures for 2006 show a slight drop in tourist numbers to just below 20 million, which the country’s authorities have blamed on a number of factors, including bird flu scares and a series of terrorist attacks on the country. However, factors that are practically impossible to foresee or insure against, such as bird flu and terrorist bombings, must therefore be treated as anomalies.

Bouncing back

2007 has started well, and the first four months showed that the number of visitors from the United States had doubled compared to the same period of 2006. This demonstrates the power of promotion; Turkey ran an advertising campaign during the beginning of the year on most major TV channels in the US, as well as in the printed press, to which it attributes this rise in tourism. By the well-handled promotion of Turkey in other parts of the world, it is hoped that tourist numbers will bounce back this year.

Immense tourist appeal

Turkey currently attracts some 25 million tourists per annum, indicating great tourist demand for amenities and accommodation. This demand can then be converted into solid rental yields for ‘buy-to-let’ investors who carefully purchase in the hotspot locations along the coastal strips of the Mediterranean Sea, such as Bodrum, Izmir, Antalya, Kas and Fethiye. These are well served by airports at Izmir, Dalaman and Antalya. Istanbul bursts with culture and beauty which gives it immense tourist appeal and real estate investors are wisely snapping up carefully selected off plan properties in Turkey’s capital.

Golf tourism

A new trend is now emerging, as in many overseas locations, for luxury five-star golf resorts. Golf has now become a strong market driver in many successful real estate markets around the world and Turkey’s property market is no different. Golf generates a very strong secondary season with thousands of golfers looking to visit Turkey to play golf when they cannot play at home. As the industry succeeds here and profits are made, golf is certain to expand to other areas of Turkey. Taking into account golf’s popularity the world over, many overseas developers are now wisely constructing around or near golfing facilities. Turkey is no different, and any property investment in Turkey’s golfing regions could prove to be lucrative.

Related items

Documents and Reports

	Turkey property investment report (551Kb)
	Turkey country guide (999Kb)
	Turkey property buying guide (871Kb)
Documents and Reports

Other related pages

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