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Turkey Property Investment News
Turkish tourism sector 'could see further growth'
Overseas property owners in Turkey could be set to benefit from further growth in its tourist market.
Visitor numbers last year rose by 18 per cent to 23 million, reports the Turkish Daily News.
Therefore, the country's government wants to encourage further growth in the sector by launching a global advertising campaign aimed at foreign consumers.
More than £70 million will be spent on promotional films designed to be shown on television stations overseas.
The films will focus on established tourist destinations such as Istanbul, although the government will also use them to market places that it wants to encourage more people to visit.
If the campaign is successful in attracting more tourists, property investors may be able to benefit from higher occupancy rates and rental returns.
According to Paul Collins of the BuyAssociation website, Turkey offers much cheaper house prices than other places on the Mediterranean, such as Spain and Portugal.
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