Property Investment Opportunities in Turkey - The Emergence of Fethiye
The picturesque hillside town of Fethiye is situated on Turkey's southwest coast, in the increasingly popular district of Mugla.
Traditionally a quiet coastal town, known only for its impressive historical ruins (Fethiye is located on the site of the ancient city of Telmessos), recent years have seen an increase level of interest in Fethiye from property investors who see the town as ideally placed to capitalise on Turkey's burgeoning tourism industry.
It would be fair to say that the town Fethiye was relatively anonymous until ten years ago.
An unknown on the international tourism scene, yet popular with the residents of Turkey's main cities and urban areas.
Attracted by the regions historical sites and superb beaches which stretch over 3 kilometres, large numbers of people would traditionally flock to Fethiye for weekends and short vacations.
Recent years however, have seen Fethiye become more popular with the international tourist industry, and today over 50% of the town's resident population is employed within its increasingly buoyant tourist trade.
It would be fair to say that this increase merely reflects the overall levels of tourists visiting Turkey and the region as a whole; however this would undoubtedly be doing Fethiye a disservice.
The general feeling amongst property investors is that Fethiye, with its plethora of superb historical ruins and sites, as well as immaculate beaches, is well positioned to capitalise long term in this growth in tourism, and as such presents a significant investment opportunity.
As well as the increasing level of tourism and relatively low prices of property in the region, other factors have ensured a continuing level of investment interest in the region.
The recent re-election of Prime Minister Erdogan in 2007 would suggest that there will be a continuation of the pro-investment initiatives which have proven so successful in recent times.
The recent re-election, coupled with Turkey's potential full accession into the EU have resulted in an increase in foreign investment on a national level, which will undoubtedly filter down to major tourist destinations such as Fethiye.
Today there are a number of superb property developments in Fethiye, and more are being announced on an ongoing basis.
With an increasing demand for second homes as well as short term holiday rentals in the region, the likelihood of these developments proving commercially successful is substantial.
Overall, Fethiye presents a significant opportunity for people looking to invest in property in this most beautiful part of Turkey.
The regions natural beauty, coupled with sound economic fundamentals ensure that the demand for property in Fethiye is likely to sustained for many years to come.
Traditionally a quiet coastal town, known only for its impressive historical ruins (Fethiye is located on the site of the ancient city of Telmessos), recent years have seen an increase level of interest in Fethiye from property investors who see the town as ideally placed to capitalise on Turkey's burgeoning tourism industry.
It would be fair to say that the town Fethiye was relatively anonymous until ten years ago.
An unknown on the international tourism scene, yet popular with the residents of Turkey's main cities and urban areas.
Attracted by the regions historical sites and superb beaches which stretch over 3 kilometres, large numbers of people would traditionally flock to Fethiye for weekends and short vacations.
Recent years however, have seen Fethiye become more popular with the international tourist industry, and today over 50% of the town's resident population is employed within its increasingly buoyant tourist trade.
It would be fair to say that this increase merely reflects the overall levels of tourists visiting Turkey and the region as a whole; however this would undoubtedly be doing Fethiye a disservice.
The general feeling amongst property investors is that Fethiye, with its plethora of superb historical ruins and sites, as well as immaculate beaches, is well positioned to capitalise long term in this growth in tourism, and as such presents a significant investment opportunity.
As well as the increasing level of tourism and relatively low prices of property in the region, other factors have ensured a continuing level of investment interest in the region.
The recent re-election of Prime Minister Erdogan in 2007 would suggest that there will be a continuation of the pro-investment initiatives which have proven so successful in recent times.
The recent re-election, coupled with Turkey's potential full accession into the EU have resulted in an increase in foreign investment on a national level, which will undoubtedly filter down to major tourist destinations such as Fethiye.
Today there are a number of superb property developments in Fethiye, and more are being announced on an ongoing basis.
With an increasing demand for second homes as well as short term holiday rentals in the region, the likelihood of these developments proving commercially successful is substantial.
Overall, Fethiye presents a significant opportunity for people looking to invest in property in this most beautiful part of Turkey.
The regions natural beauty, coupled with sound economic fundamentals ensure that the demand for property in Fethiye is likely to sustained for many years to come.
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