Turkish exchange rates 'will increase tourism numbers'
Foreign exchange rates will attract many people to eastern countries such as Turkey next year, according to one travel expert.
Sharron Livingstone, editor of the Travel Magazine, said that the 'eastern promise' of countries such as Turkey and Morocco, coupled with good value for money make them attractive to British holidaymakers.
She made the comments after American Express predicted that Turkey and Egypt would be popular destinations next year due to their favourable exchange rates.
Interest rates have been dropped significantly over the past year by the Turkish Central Bank in an attempt to aid the country's economy. The latest predictions are that economic recovery is starting, but will be slow.
Currently the exchange rate for Turkey stands at 2.52 lira for every British pound. This has increased since the bank cut its interest rate on November 19th.
Figures reported in the Hurriyet Daily News revealed that the Turkish real estate market is improving. This coupled with the predicted increase in visitors next year provides conditions ideal for property investment.
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