Turkey is going for gold with improvements to its transport infrastructure this year.
Turkish State Railways has this month announced plans for a new inter-city high speed rail service between the country’s business hub, Istanbul, and the capital, Ankara.
The line will add to work completed in 2009 which lay an initial rail connection between Ankara and Istanbul via the city of Eskisehir. The new line would reduce travel time between the cities to 90 minutes.
Istanbul is also gearing up for construction of a new third airport. Plans were made public last week that tenders were soon to be invited for its build, with a view for it to be complete by 2015.
The new airport, to lie in Istanbul’s western district of Silivri, would initially be expected to handle 90 million passengers a year, extending eventually to 150 million passengers.
Increased and bettered transport links undoubtedly mean easier tourism and migration. Simply put, with more people around, then there are going to be more people looking for property. And we all know what demand means for capital growth.
In 2011 the number of tourists arriving in Turkey rose by almost 10 percent to 31.46 million. With both a bid to host the 2020 Olympic Games on the horizon and a hive of activity to position Turkey high on the economic stage by the 2023 centenary celebrations of its founding – overseas investors are wise to join the many property hunters who have already developed a taste for Turkey; and in good time.
Source: Reuters
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