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Posted On: 26/09/2009
Enquiries about properties in Turkey are growing faster than those for property in any other country, as the strong Euro forces people to look elsewhere for their holidays and holiday homes in the sun, according to overseas property specialists Azure Overseas.
"We are firm believers that Turkey is the next Spain. Undoubtedly Spain has been the most popular tourism destination with Brits, and this led to it being massive popular as a second home destination. However, it peaked years ago and hasn't grown since, whereas visitor numbers to Turkey have grown hugely year-on-year.
"Sterling nose-diving against the Euro has cause tourism to Spain and all Eurozone countries to drop. Brits are not sacrificing their fortnight in the sun, they are simply going to Turkey instead."
Brits love to holiday in places where they can get thousands in foreign currency that allows them to live like kings for a fortnight. Now that the Euro is practically level pegging with the Pound they cannot do this in Eurozone countries.
So, Turkey, which has been growing in popularity, reputation and infrastructure for the last few years has proven to be the best placed to capitalise as the new place for Brits to get their two weeks in the sun. The fact that Sterling recently strengthened against the Lira has also helped.
So now, that the Britons are coming back out and looking for bargains in the overseas property market, it is logical that Turkey should be among the first to see recovery in the foreign driven property markets.
All in all the future is bright for Turkey -- the next Spain. The Turkish government is hopeful that 3million Brits will visit Turkey this year, making it tied with Germany as Turkey's largest tourism market. According to the Association of British Travel Agents 12million Brits were heading to Spain every year, so there is plenty of room for growth.
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