In March 2023, at least 3 million people migrated to Turkey – a large number of them being refugees from Syria and other neighboring countries. However, the largest categories of enterers in Turkey are tourists. Substantial revenue is derived from these tourists who visit the country for the business of pleasure – it behooves the government to ensure that there is an enabling environment for these businesses to thrive and for tourism to continue to grow.
How Much Did Tourism Generate in Turkey, and what that means for You
In 2022 alone, Forbes reported that tourism generated $46.3 billion! This is a record-breaking figure, but it was expected. Turkey allegedly benefited from the Russian-Ukrainian war and a steep rise in its real estate sector. More so, the country received positive reviews among the tourist societies and, as a result, more visitors.
The stakes are expected to be higher this year, 2023, seeing that the factors which led to its increase in 2022 are still on the ground, and the real estate value has increased much better this year. Now, coming to the critical question of what that means for you. Here’s a breakdown:
Improved Turnover and Business Revenue
The Turkish economic terrain is one of the first to snap out of the drag of the Corona virus lockdown. There are many reasons for this; however, the deliberate effort of the government to ease transactions through the grants of business loans, mortgage and credit concessions, etc., oiled the wheel of affairs, cushioning the effect on business people and encouraging more commercial activities. As the economy of Turkey continues to rise and real estate flourishes, it signals a fertile ground for business activities to excel in the country. To break it down, someone will do the laundry of the tourists, transport them, and provide restaurant services, not to mention the properties they will lodge in or buy as time goes on. A steady economy is a green signal for higher turnover and business revenue. Your business will not only serve Turks alone, but all entrants and tourists are potential customers/clients.
Higher Value for Realtors and Investors
Furthermore, with the tourism surge comes a high rate of patronage of luxury real estate in Turkey. As stated, since the beginning of the Russian-Ukrainian conflict some Russians have been hurled into the country, wishing to be on liberal and safer soil and not be part of the war, not to mention other tourists from across the world. These people will rent apartments, lodge hotels, and buy properties. This explains why real estate value has increased in the past months and is likely to increase more.
Benefits of Living in Turkey’s Luxury Resorts
Now, what, then, are the benefits of living in Turkey’s luxury resort? The promise of luxury alone is enough to get everyone’s mouth watery. The first obvious benefit of living in a fancy apartment in Turkey is its comfort and luxury. For example, imagine a tech house with all you need at your beck and call, coupled with golden accessories and splendid picture-worthy spots. That is life-changing and can even help a person live happily and joyfully.
Secondly, you get an unequaled opportunity to network. Those who understand the power of networking know it is easier to reach big names in their comfort zones than to book an appointment and wait days/weeks/months to have a conference. When you live in these kinds of environments, you get the opportunity to familiarise yourself with big names, live with them, play sports in the same place, and have more accessible connections to sell your products, pitch your ideas, and go farther in your business.
To sum everything up
Lastly, comfort, when appropriately utilized, can lead to an extended lifestyle, and who doesn’t want to live long? These are a few of the many benefits of living a luxury life in Turkey’s real estate units.