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Turkey 'will be a popular expatriate destination' in 2009

An increasing number of people will become an expatriate in Turkey in 2009 as they will get more for their money during the global financial crisis, one foreign currency expert has claimed.

According to Recep Yavuz, the general manager of Oger Tours, the effects of the credit crunch have led to the country attracting a large expatriate community looking for more value for their money.

He stated that recent movements in exchange rates mean that Turkey will be relatively inexpensive, particularly with the stagnation predicted for European markets in 2009 which is forcing many consumers in Europe to try and reduce their spending.

"We expect them to now choose Turkey for its more affordable and yet quality service," said Mr Yavuz.

He added that the country is competing with Tunisia and Egypt in terms of attracting people from abroad.

The average amount spent by British buyers on overseas property in 2007 was £99,200, according to the Association of International Property Professionals.

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