Posted on 14 February 2011
New Low Cost Flights to Boost Turkish Property Market
The new UK to Turkey expansion by Pegasus airlines will be a significant boost to the Turkish property market in the coming years, both in the areas directly affected and throughout the whole country, according to Turkey property specialists Spot Blue.
The expansion of UK coverage from Turkey‘s low cost (budget) airline, will increase tourism into the areas covered and play a part in increasing British tourism to Turkey as a whole, says Julian Walker, the firms director.
“Obviously the new flights will increase tourism to the areas benefiting directly from the expansion. There will be an obvious increase in the availability of cheap flights to those locations. But it will also indirectly affect those areas and all of Turkey’s tourism industry, because the more tourists Turkey welcomes, the more it will welcome. Word of mouth is Turkey’s most successful marketing arm,” he said.
According to the Association for British Travel Agents tourism from Britain to Turkey has been growing at an average of 20% per year for the last 5 years, and they forecast it would accelerate to a growth of 25% this year, because of the strong Euro.
According to recent reports their forecasts are being proven correct. The number of British visitors to Istanbul alone has increased 23% according to recent tourism ministry data. The Pegasus airline alone has more than doubled passengers from the UK from 100,154 in 2008 to 213,136 in the first 10 months of this year. Unfortunately the tourism ministry has registered an 11% growth in British visitor numbers in the first 10 months, somewhat short of ABTAs forecast but still very impressive.
Little wonder then that the Pegasus announcement is the 3rd announcement of major expansions in flight numbers between the UK and Turkey, in almost as many months. The continued expansion of Turkish tourism, which is both testified to, and boosted by each new flight, can only be good news for Turkish property.
Turkey received 28million+ tourists in 2008, and this has made it incredibly popular with the new wave of overseas property buyers, who have been active since economic conditions began improving around the world in April.
Source : Spot Blue