As the increase in tourist numbers has filtered through to the economy this has created significant demand for both holiday homes and tourist attractions. Prior to the onslaught of the global economic downturn and the withdrawal of many overseas property investors from countries such as Turkey there had been significant growth in property prices in the region. However, as with all other tourist dominated property markets around the world we have seen prices fall over the last few months although there is some debate as to how far they will go.

As well as domestic and international property investors staying on the sidelines at the moment, there is also speculation that international property investors in areas such as Kusadasi, Marmaris, Bodrum, Antalya and Didim in the west of Turkey are looking to dispose of their investments. This has caused something of a standstill in this particular region with literally thousands of new homes available and further homes being placed on the market on a regular basis.

This particular trend has been repeated across the tourist dominated regions of Turkey and many people are now of the opinion that the fall may well be overdone when you consider that Turkey still has a very strong economy and a very strong tourist industry. Even though the country has a history which goes back centuries it is still a fairly new entrant to the international property market but there is significant potential for future growth.