Invest in property in a G20 country and benefit from capital growth and regular income - Property sales in Turkey up by 42.7%

Turkey praised by UN World Tourism Organisation as a “role model and power house”

“Tourism today is a central global phenomenon, employing one out of eleven people all over the world representing nine percent of GDP; we need to take it seriously”, said World Tourist Organisation (WTO) Secretary General Taleb Rifai, on the importance of the industry.

The UNWT Organisation chief called this years host nation, Turkey “a role model and a power house” in the tourist section. The G20 provides for year round meetings of governments of the world’s top 20 economies. More than three quarters of the G20 countries in attendance also rank in the UNWTO’s 20 most visited countries.

Turkey’s tourism revenues reached $4.87 billion in the first quarter of the year a rise of 1.3% over the same period in 2014 and the country ranks 6th place in the world for tourist numbers according to the WTO. Whilst Istanbul takes the major share of visitors the attractive Mediterranean resorts are reporting noticeable increases in tourists.

Suleyman Akbay, MD, Oceanwide Properties specialists in property investments in Turkey said, “Without a doubt increased visitors to our beautiful country results in a desire to own a home here. The exchange rate is incredibly favourable to British buyers which make it financially beneficial to invest now.”

Recent figures released by the Turkish Statistical Institute show that the number of property sales in Turkey increased by 42.7% in April 2015 from the same period last year.

There was a steady rise in Turkish property prices in 2014 with a month on month rise of 1.33% as recorded by Turkey’s Reidin-GYODER New House Price Index. This shows a steady market with a confident growth pattern which we feel is linked to the growing number of holidaymakers to our shores.

In the coastal region of Fethiye, which boasts a brand new promenade, new town square and a wealth of international restaurants and hotels, there is a noticeable influx of property buyers who appreciate the excellent prospects of home ownership in a town which is currently seeking city status, making it a hot spot for investors. In addition, home owners can easily rent out their properties during the high season with excellent returns”.

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Oceanwide Properties

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