Foreigners who own summer houses in Turkey's popular summer resorts rent them out over the Internet, placing the country seventh out of 112 countries in demand for holiday homes, according to a study by the Web site holidaylettings.co.uk.
Turkey even surpassed Spain's Balear Islands' Canary Islands and South Africa among the developing markets. Gordon Lyons, the manager of International Property Agents, said that the estate renting sector was on the rise in Turkey although it was still not easy to fly here at reasonable prices. Lyons, who emphasized that the report showed an increase in the demand for the rental estates, also added that Turkey was absolutely on the right way.
Demand will keep rising
“It is expected that the cheap Turkey flights will start soon, which will initiate the demand for rental estates to compete with the package holiday tours,” Lyons said, adding, “The tourism sector in Turkey started developing long before summer houses. The country attracts more than 20 million tourists annually. This is an important indicator which hints where and when the estate will be sold out.” Lyons, who associated the decrease in the number of tourist in a country with the unsound investments there, said that all indicators in Turkey are positive.
