Emerging Trend in Turkish Real Estate Market: Hotel Residences Projects

 

Turkey is one of the preferred destinations for expatriates and foreigners looking for the beautiful nature and history and metropolitans cities, such as the green Trabzon Mountains, pure blue Bosporus in Istanbul, Bursa Falls, and many others regions and cities, sometimes people come to Istanbul just to revisit some districts where their favorite Turkish serries shooting took place. Which makes the Turkish tourism sector a profitable option in addition to the Turkish real estate sector that attracts thousands of investors every year, the developers collaborated with world-famous hotel brands and came out with hotel residences Projects.

 

Hotel residences in Turkey are available in various types and categories. This is a preferred option for many tourists and expatriate families to their temporary accommodation. The hotel occupancy rate in 2019 was 74% in Turkey’s world-famous touristic city of Istanbul and 65.7% in the Mediterranean resort city of Antalya.

Therefore, investment in the tourism sector by buying a hotel residence in Turkey is the most successful investment for those looking for a good rental return.

Last Updated: 10/5/2020 1:41:41 PM