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Mainland Europe On The Back Foot As Turkey's Tourist Intake Increases

Posted on 2008-09-16 17:33:10


Property Investors and overseas home-buyers alike can turn their backs on the doom and gloom of the UK credit crunch and face the golden opportunities and sunshine of Turkey with renewed confidence and excitement, as the Tourism Ministry announced last week a massive 19.17% increase this June in the number of foreign visitors, a rise of nearly four million tourists in
the first half of the year, compared with the same period last year.

With the vast majority of savvy investors shying away from the over-saturated, precarious Spanish property market, and taking into consideration the poor euro to pound exchange rate and increasing costs of living in mainland Europe, Turkey's imminent, yet not current state of EU membership, is acting as a real bonus for anyone thinking of approaching the first rung of the property ladder or indeed investing in the future.