Mar 13 2008

Turkey to offer strong returns

Owners of Turkish rental accommodation could find their investment highly lucrative in the next few years, experts have suggested.

Foreign Property Buyer stated that demand for temporary lodgings is likely to go up significantly as a result of government efforts to attract more visitors.

This means that buy-to-let investors will be able to enjoy higher occupancy rates and collect larger rental yields.

However, the website suggested that since the government is opening up different parts of the country to holidaymakers, these areas could offer a number of good investment opportunities.

Foreign Property Buyer commented: “The whole of Turkey is being promoted, rather than just the coastal locations.”

The online portal said this would result in house price inflation and increased rental yields in all areas, including as-yet untapped markets.

Turkey’s government is currently aiming to increase the annual number of foreign arrivals from 23 million to 50 million in the next 15 years.