The tourism factor is considered one of the most important factors affecting the success of real estate investment in the region.

The Great Impact of Tourism ...

Date:Saturday, September 17, 2022

The tourism factor is considered one of the most important factors affecting the success of real estate investment in the region.

Tourism is the first and main engine for many sectors in Turkey. It is among the most prominent tourist countries in the world. It has been able to achieve this wide fame through all its important tourist attractions that attract millions of tourists annually.
If you are interested in the matter, you will find that the pace of the tourism situation in this country is growing exponentially and continuously.
In this article, the editorial team at FCC Real Estate will present to you the effects that the reality of tourism imposes on the Turkish real estate sector, and some types of tourist properties that can be invested will be indicated.

How does tourism affect real estate in Turkey?

The influx of tourists has had a positive impact on the real estate sector, increasing the demand for holiday homes and investment properties. This has led to higher prices, especially in popular tourist destinations such as Istanbul and Antalya.
However, there are concerns that the current growth rate is unsustainable in the long term and that the sector may decline and there are also concerns that reliance on tourism may make the economy vulnerable to shocks, but this is a somewhat remote possibility due to the annual indicators that confirm the increase in the number of arrivals significantly.
Real estate prices have increased at an average of 10% annually over the past five years and are expected to continue rising in the coming years. The Turkish government is investing heavily in the tourism sector, with plans to build new airports, hotels and resorts.

The most important types of tourist real estate in Turkey:

Investing in the tourism sector is one of the most important areas in which you can get a good profit and a profitable return, but first of all, you need to know about the most prominent tourist properties:

1 - Investment hotels in Turkey:

There are many advantages to investing in hotels. It is a very stable investment. As people will always need places to stay when they travel, there will always be a demand for hotel rooms. Also, hotels can generate a lot of income. A well-managed hotel can make a lot of money from renting rooms, as well as from things like food and beverage sales, conference reservations, etc. Also, investing in hotels is easy to manage. Once you have a good team in place, managing a hotel can be very simple.
Of course, there are also some disadvantages to investing in hotels. One is that they can be very expensive to purchase and set up. The other thing is that it can be difficult to sell them if you need or want to get out of the investment.

2- Investment in shops:

There are many advantages to investing in shops in Turkey, especially if you are looking to take advantage of the booming tourism seasons. Notable among them are:
-Many shops in Turkey are located in prime locations that are popular with tourists. This means that your store will have high foot traffic and exposure to potential customers.
-Due to the increasing demand for retail space from businesses, you are likely to get high rental income from your store.
-As the Turkish economy continues to grow, the value of your store will likely increase over time. This makes investing in stores a great long-term investment.

3- Investment in restaurants in Turkey:

Some of the advantages of investing in restaurants in Turkey include:
-The Turkish restaurant industry is growing rapidly, with a compound annual growth rate of 9.8% between 2013 and 2018.
-One million people are between the ages of 15 and 64. This makes a large potential customer base for restaurants.
-The country has a growing middle class, which is expected to represent 60% of the population by 2030. This means that there will be more people with disposable income to spend on eating out.
-Turkey is becoming increasingly urbanized, with the urban population expected to reach 75% by 2050. This trend is likely to continue to drive growth in the restaurant industry as more people live in areas with more dining options.

4- Investment in hotel apartments:

Hotel apartments are a great way to invest in Turkey because they offer a number of advantages. First of all, hotel apartments offer a higher rental yield than standard residential properties. This is because hotel guests are willing to pay a premium to have their own space, kitchen and area without any inconveniences.
Another advantage of investing in hotel apartments is that they are easier to rent than regular condominiums. This is because there is always a demand from tourists and business travelers for short-term rentals.

Important notes when investing in tourist real estate:

-The Turkish government offers a number of incentives to encourage foreign investors to buy real estate in Turkey. This includes granting citizenship to those who invest more than 400,000$ and lowering the minimum investment amount for residence permits from 1 million dollars earlier.
-The most popular areas for tourism real estate investment in Turkey are Istanbul, Antalya and Bodrum.
-Istanbul is the most populous city in Turkey and is the economic and cultural center of the country. It is also home to some of the world's most famous historical monuments, such as Hagia Sophia and Topkapi Palace.
-Antalya is the largest resort city in Turkey, located on the Mediterranean coast. It is a popular destination for both local and foreign tourists, with its beautiful beaches, historical sites and vibrant nightlife.
-Bodrum is an upscale city located on the Aegean coast. It is famous for its luxury hotels, trendy restaurants and lively nightlife.
To see the latest information about the real estate sector in Turkey, do not hesitate to follow our website constantly because we answer all the questions of our customers through it.


Related Blogs:

The latest news of the Turkish economy

Turkey tops the G20 in economic growth

Istanbul house prices increased 95%

The flow of investments from Europe to Turkey

Ways to invest money

Investment conditions in Turkey

Real estate investment opportunities in Turkey



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