A proposed tie-up between Turkish Airways and German airline, Lufthansa, who are Europe’s largest carrier, could spell exciting things for expats, home owners or those considering investing in the growing nation.
Article written by The Overseas Guides Company
Although an agreement has yet to be confirmed, Turkish Airways Chief Executive, Temel Kotil, has admitted that the carriers are in talks. No final decision can be made until it is approved by the Turkish General Assembly.
The suggestion to establish a joint management arrangement was put forward by German Chancellor, Angela Merkel who has no doubt recognised the growing Turkish market and is keen for Germany to benefit.
Last year, Lufthansa carried more than 106.3 million passengers. Turkish Airlines recently announced that it would buy 15 large Boeing planes in a deal worth €4.7 billion and an additional 15 Airbus A330-300 long-range jets in a deal estimated at €3.5 billion in order to meet the growing demand from new destinations.
With its location being a perfect link between Europe, Africa and the Middle East, Turkey is growing as a business and tourist destination. Despite the rest of the world being hit hard by recession, the nation has continued to grow and attract investment. In addition to this, recent law changes have meant that people from a whole wealth of new nations are able to invest in property in Turkey opening new doors to trade and tourism.
With more demand for flights and this proposed amalgamation of two growing companies – things are set to continue improving for Turkey. Now just might be the time to invest!
For details of more property for sale in Turkey, visit the Turkey listings on Rightmove Overseas. One way to save money when buying or living in Turkey is to use a currency specialist when transferring your pounds into lira or euros. For more information on this, contact Smart Currency Exchange or visit the Currency Zone.
To understand the full step-by-step process to buying a property in Turkey, collect The Overseas Guides Company’s ‘Turkey Property Buying Guide’
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