The impact of tourism on the real estate market in Türkiye
Türkiye is one of the most important tourist countries in the world. The impact of tourism on the real estate market in Türkiye has a great role in the rise of investments in Türkiye, especially in the major tourist cities as we will see in this article from Ebla Real Estate.
Tourism in Türkiye:
Türkiye is at the forefront of tourist countries. It is ranked among the 10 most visited countries in the world. Tourism in Türkiye is an important fundamental factor in supporting the Turkish economy and real estate investments. There are many reasons that motivate tourists from all over the world to visit Türkiye, including:
- Türkiye’s strategic and vital location, as it is a link between the continents of Asia and Europe.
- Furthermore, Türkiye has various tourist attractions that combine historical heritage with breathtaking natural beauty.
- Government agencies in Türkiye pay great attention to the tourism sector. They provide services and facilities to foreigners and tourists, establish many vital facilities and places of residence, and take care of infrastructure and means of transportation.
- Moreover, it is possible to obtain a tourist residency that entitles you to stay in Türkiye legally.
- Travel costs to Türkiye are not very expensive, compared to the other countries around the world.
- The diversity of forms of tourism in Türkiye, including summer, winter, therapeutic, religious and historical tourism.
The impact of tourism on the real estate market in Türkiye:
Türkiye has witnessed a significant increase in the number of tourists from all over the world, and this has had a positive impact on the real estate sector in Türkiye as a whole.
The increase in the number of tourists automatically leads to an increase in the number of real estate sales to foreigners in Türkiye. These two lines are directly proportional to each other. Especially after the facilities provided to foreigners to obtain real estate residence permit and Turkish citizenship by owning real estate under some conditions.
In addition, the relatively low real estate prices compared to European and American real estate and the low costs of tourism in Türkiye promoted the idea of real estate tourism widely
The future of tourism in Türkiye looks very promising. The country expects an increase in the number of tourists in the coming years and this is good news for the economy and real estate development in Türkiye.
Tourism investment in the real estate market in Türkiye:
Among the tourism investment options in the Turkish real estate market, we mention:
- Establishing residential projects in tourist sites.
- Buying hotel apartments.
- Invest in hotels and make huge profits
- Buying apartments near tourist sites to rent them, or resell them and achieve double profits.
- Buying apartments with sea views in Türkiye and investing them in the summer tourism season.
- Investing in farms and villas that attract tourists and retirees.
Edited by: Ebla Group Real Estate
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