Insurance News Archive

Turkey 'ski areas could provide long-term boom to property'

It's not always the outdoor activity associated with Turkey, but skiing could be a major draw to the country, boosting the property market in the long term, according to an expatriate magazine.

While the ski areas in the Mediterranean country have been "totally overlooked", with investment there would be a "huge impact on the property market," said the director of lifestyle magazine ShelterOffshore Rhiannon Williamson.

Prices in Turkey already rose between 15 per cent and 20 per cent in the past 12 months, according to HomesGoFast, leading 17,000 Britons to own property in Turkey.

The price hike is down partly to the number of tourists, a figure which rose 16 per cent in 2007.

Ms Williamson said: "At the moment this is an area of the nation's tourism and property market [that is] totally overlooked – after all, the government and private sector do not want to pull focus in too many directions.

"But, if money is eventually invested into ski areas in Turkey – of which the country has many already in service for the local population, and many more besides that can be explored – there will be huge potential here as well."

28 Jan 2008