Over the course of the past few years we have witnessed considerable in investment into tourist infrastructure throughout Turkey, as the Turkish government seeks to capitalise on the prolific growth in the country’s tourism industry since 2005.

As part of their commitment to the tourist industry, the Turkish government has built a number of new highways and international airports designed to increase accessibility into previously difficult to reach locations. Where previously flights would be going via Istanbul, today there is a wide range of flights from the UK travelling into results such as Bodrum, Dalaman and Antalya on a daily basis.

In recent times we have witnessed a number of new airline routes into Turkey which are focused on the budget fares. An example of this was the launch of EasyJet’s new route from Gatwick airport in the UK to Antalya on Turkey’s Mediterranean coast. Cheap flights to Turkey such as EasyJet’s new new route, are said to have a big impact on the Turkish tourist industry in the years to come. Inevitably, this will be good news for the Turkish property market, as increased visitor figures migrate through to an increased demand for property in Turkey in years to come.

The launch of the new routes into Antalya come hot on the heels of last year’s news that EasyJet would be increasing the frequency of its flights into the major Turkish tourist destinations of Bodrum and Dalaman. Both of these destinations have seen strong demand in their relative property market as a direct result of increased tourist visitors over the course of the past couple of years.

More recently we saw the launch of the new Gazipasa international airport in Alanya, which looks set to be big news for the booming Alanya real estate market. Demand for property in Alanya has increased considerably over the course of the past two years, and with tourism figures set to increase still further in the region, the launch of the new airport would suggest that the increasing demand is a trend which is set to continue for the foreseeable future.

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The global economic downturn had led to a huge shift in attitude towards overseas property investment, with many choosing to hold off until economies show signs of improvement. However, the Turkish property market seems to have defied this trend, continuing to flourish despite the negative impact felt by other countries. A number of possible reasons for this have been indentified.

Turkey’s economic and political circumstances have undoubtedly contributed to the country’s growing property market. Mediterranean destinations once popular with tourists and property investors have been somewhat shunned as people consider alternative non-eurozone locations, where they’ll get more for their pound. Turkey’s tourism has benefitted significantly from this change, and investors have turned their attention accordingly.

Turkey’s application to the EU has also contributed to increased confidence in stability of the country’s economy. With property investors taking advantage of new government laws surrounding foreign property ownership as they make investment decisions; Turkey is starting to seem like the obvious choice.

Cheap flights lead to repeat visits, so Turkey has also seen the advantages of numerous budget airline routes to and from UK airports. This increased accessibility ensures continued rental income throughout the year – and when tourists arrive in Turkey, the low cost of living means they can eat, drink, shop and visit attractions without breaking the bank!

With such a wide range of destinations – cities like Istanbul and coastal resorts that offer visitors the opportunity to completely relax, as well as a unique blend of European and Asian cultures, there are also plenty of reasons for visitors to return again and again to Turkey, each time sampling the delights of a new part of the country. From Istanbul to Bodrum, Fethiye and Antalya, the Turkish tourism industry has wide appeal and caters to a variety of holiday maker’s requirements.

All this, coupled with an enviable Mediterranean climate – with almost year-round sunshine and scorching temperatures – there’s every reason for tourists to hold such high regard for Turkey…and where the tourists go, the property investors will follow as they cash in on rental opportunities. Flats, apartments, villas and traditional houses available to foreign investors mean that prices suit a range of budgets.

All of the factors described above serve to illustrate the varied reasons that demand for property in Turkey continues to rise despite a troubled global economy. If you’re considering overseas property investment, there’s huge potential across the country – whether you’re looking for a holiday home to make frequent trips to throughout the year, or if you’d like somewhere to provide you with an ongoing additional income.

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Since the relative strengthening of the Euro in relation to the pound, people looking to buy property overseas have tended to focus on countries outside of the Eurozone, with Egypt and Turkey seeing increased interest in recent months.

Stephen Hughes, Director at Foreign Currency Direct told the Mail that they had seen an increase of 36% in exchanges of Sterling into Turkish Lira. Hughes went on to say “The Turkish Lira has increased by 6.5% against the pound in the past year, which means that those who changed to lira find their money goes much further than before.”

Whilst many investors have been attracted by the opportunities in the major cities such as Istanbul, the majority of the investment from abroad has looked to capitalise on Turkey’s rapidly expanding market for tourism. In particular, resorts such as Bodrum, Fethiye and Altinkum have proven exceptionally popular with both investors and holidaymakers looking for a permanent home in the region.

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The Rose Garden complex will consist of 91 units, comprising of 80 apartments and 11 commercial units. Without doubt, the Rose Garden is the perfect location for people looking for a holiday home, or the investor looking for sustainable long term returns.

Rose Garden Location
The Rose Garden apartments are located in the picturesque coastal fishing village of Gulluk, at the northern tip of the Bodrum Peninsula. Removed from the crowds of Bodrum, Gulluk has managed to retain much of its original ‘fishing village’ charm, and even today you can feast on the ‘catch of the day’ in one of Gulluk’s many restaurants.

Rose Garden – Features and facilities
- Fully fitted kitchens
- Communal swimming pool for residents
- 24 hour security Internet and phone connections throughout the complex.

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