Boost for investors as Turkish tourism climbsBoost for investors as Turkish tourism climbs
British investors looking to make an overseas property purchase in Turkey may be pleased to know that the Turkish tourism industry has enjoyed a successful year.
According to the Turkish Statistics Institute, the number of tourists who visited Turkey in August totalled 3.38 million, up 16.5 per cent on the same month last year. The overall visitor numbers for 2007 climbed by 16.6 per cent to 13.89 million.
More than two-thirds of tourists headed to Bodrum on the Aegean coastline thanks in part to a new upmarket ferry service from Istanbul introduced in May, reports news service Easier.
Adam Godwin, marketing director for Dream Homes WorldWide, said: "The Istanbul-Bodrum ferry service operated by Deniz Cruise & Ferry Lines has been at full occupancy since cruises began.
"This service will [...] make two-centre holidays in Turkey a real option for holidaymakers keen to try city and beach."
Brits looking to make an investment in Bodrum should be able to pick up a two-bedroom one-bathroom apartment for around£66,000 and two-bedroom villas from £140,000, according to Mr Godwin.
IsBank London has created a mortgage product aimed at Brits who are buying a property in Turkey. It allows them to borrow up to 75 per cent of the property valuation with repayments spread between one and 15 years.