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Sunday, October 19, 2008

Tourists set to flock to Turkey

Owners of rental accommodation in Turkey could be in line to benefit from an influx of British visitors.

New figures from M&S Money have revealed that Turkish lira have been in high demand among consumers in the UK.

The organisation has attributed this development to exchange rates in the rest of Europe, as the euro is currently much stronger than the pound.

As a result, British leisure travellers can get more for their money by travelling outside the eurozone to places which offer more favourable rates.

This trend is likely to be good news for property investors who have invested in Turkish tourist hotspots, as it means demand for rental accommodation is likely to go up.

Fraser Millar, head of travel services at M&S, commented: "As the pound has weakened against the euro, travellers are looking for value-for-money holidays in non-euro resorts."

This comes after the Association of British Travel Agents recently reported a surge in the number of summer bookings for Turkey this year.

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