In comparison to the office and residential rates, hotel room rates under normal circumstances rapidly adjust for demand, inflation, foreign exchange rates, and other macro changes.
Well-maintained hotel assets retain worth over years, reputation and value, and owning a hotel in a country like Turkey where tourism is one of the biggest sectors of the economy is a good investment plan.
Tourism Is Huge in Turkey
Located at the crossroads of Europe and Asia, as well as regions like the Balkans, Caucasus, Middle East, and Eastern Mediterranean, Turkey is one of the leading countries in the tourism sector. Tourism is the third biggest sector of the Turkish economy, right after commercial and agriculture. The sector creates jobs for millions of citizens and makes a huge contribution to the country's economy.
In addition to the leading cities of Turkish holiday tourism that are located in the Mediterranean and Aegean regions, Istanbul is the city that hosts the most tourists, averaging 10-13 million visitors every year. Apart from visiting historic sites, many foreign visitors come to Istanbul for business-related matters. Thus, buying a hotel in Turkey is a profitable business whether it is located in the sunny Mediterranean, Aegean cities, or Istanbul.
Buy a Government Supported Hotel in Turkey
The government in Turkey directly supports construction projects and the tourism sector. As part of this initiative, attractive payment plans and options are offered to all investors, including foreign ones. To buy a government-supported hotel in Turkey, you have to apply to certain banks and get approval. For more information and support related to the legal process, Trem Global is here to help you in every step.
Your Trusted Advisor on Real Estate
At Trem Global, we have years of experience in real estate investment. Feel free to take a look at our portfolio of properties and get in touch with us. Our expert portfolio and sales team will help you make the best investment for your money. Your next best investment is waiting for you at Trem Global.