Overseas investors are seduced by beautiful Fethiye

A land of stunning white beaches, with a rich history, superb cuisine and one of the best climates to be found anywhere throughout Eastern Europe, Turkey has much to offer its increasing number of visitors. When you couple these factors with the relatively high prices of other major investment markets within the Euro zone, it is easy to see why the coastal regions of Turkey have become one of the most popular property investment destinations for Europeans looking to invest in a second or holiday home overseas.

Once a quiet coastal town, Fethiye is today one of the most popular tourist destinations in Turkey, and over 50% of the town’s population is now employed in it’s rapidly expanding tourism industry. With over three kilometres of white sandy beaches offering a wide array of watersports including sailing and fishing, it is easy to see why so many visitors to the region are now looking to purchase a property in Fethiye.

Located in the coastal Mugla region of Turkey, Fethiye is a rich blend of modern day resort and ancient city, which has combined to produce an intoxicating mix for those wishing to purchase a property in Turkey. It’s location on the site of the historical city of Telmessos, has resulted in modern day Fethiye being rich ly endowed with a number of ancient tombs and ruins. With some dating back as far as the 4th century BC, it is easy to see why so many tourists are attracted to Fethiye and the surrounding areas.

With recent figures showing considerable increases in the numbers of visitors to Turkey and with demand set to increase throughout 2009, it is easy to see why so many people are looking to purchase buy to let or holiday home property in the region. This increase in tourism demand, coupled with the relatively low cost of property in Fethiye has resulted in a considerable increase in demand throughout the region, which looks set to continue for the foreseeable future.

Alongside the increase in tourism in the country, there have been considerable efforts made at a federal level to increase the levels of overseas investment into the country. Large scale international marketing campaigns, coupled with efforts to reduce government controls across foreign trade and investment have resulted in increased levels of investment coming into the Turkish economy.

As a result of these sustained efforts, GDP in Turkey saw an average growth rate of approximately 7.4% between 2002 and 2007, and although Turkey has been affected by the adverse global economic conditions, it looks set to emerge in a very healthy state.
 
Understandably, given the above factors, there has been increase in the amount of property development in Fethiye in the past two years, however demand seem set to continue on the back of increased tourist visitors to the region in 2009. For those looking to purchase a property in Turkey, the superb beaches and relaxing atmosphere of Fethiye present a strong case for consideration.