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Monday, November 19, 2007

Tourism and Investment High on the Agenda for Turkish Government

In a bid to simplify the investment process and promote tourism, the Turkish government’s new campaign will have a positive effect on Turkey property investment.

Foreign investors looking at Turkey property investment will welcome news that the Turkish Government is to cut the number of procedures and paperwork in a bid to speed up the whole purchase process.

The Culture and Tourism Minister, Ertugrul Gunay, commented that the plans to cut "bureaucratic handicaps," and to put in place a more streamlined method, is hoped to attract more purchasers of Turkey property investment.

As part of a wider strategy to boost tourism, the government has also announced they will be investing an estimated £73 million into a tourism marketing drive, known as 'Four Seasons, 12 Months', in order to achieve increased levels of tourists in 2008. The Turkish Daily News reported that the government targets to boost tourism from 20 million in 2007 to 25 million in 2008.

The fly-to-let investor is a key factor in reaching these targets and as such, the reduction in paperwork will encourage more overseas investors to put money into Turkey property investment and to boost the quality and levels of tourist accommodation.

Ertugrul Gunay said he wanted to raise awareness of the country's other attractions, beyond its good beaches and sunshine. He added, "That is why we give priority to 'Four Seasons, 12 Months' tourism campaigns."
The tourism marketing plan is likely to create further economic growth with the emphasis on employment and revenue within the service sector benefiting foreign companies and private investors of Turkey property investment.

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