The Impact of Residential Property Sales to Foreigners on Tourism: Antalya Case
The Impact of Residential Property Sales to Foreigners on Tourism: Antalya Case

Author(s): Banu Gürneş Boz, Mustafa Boz
Subject(s): Economy, Tourism
Published by: Институт за икономически изследвания при Българска академия на науките
Summary/Abstract: This study aims to examine the impacts of the sale of residential properties to foreigners on tourism. Face-to-face interviews were conducted with hotel and travel agency managers by using a semi-structured questionnaire in Antalya in 2024, Content analysis was used to analyze the data. Participants stated that the sale of residential properties to foreigners has positive impacts such as ensuring foreign investment inflows and closing the foreign exchange deficit. On the other hand, direct and indirect negative impacts were identified as follows; Due to the extreme increases in housing rents and sales prices in the region, the migration of competent tourism workers to other regions is leading to a decline in service quality in the tourism sector. Furthermore, the operation of illegal accommodation businesses in properties purchased by foreigners negatively affects accommodation businesses. Foreigners' purchases from chain stores selling imported goods result in a loss of foreign currency. The study shows that negative impacts are much greater than positive ones. The exodus of skilled tourism workers resulting from excessively high apartment sales and rental prices will negatively affect the tourism sector. The resulting decline in service quality could reduce the number of tourists seeking high-quality service, and potentially tarnishing the image of Turkish tourism. Furthermore, illegal accommodation operations are a significant issue that has negative effects in terms of both security and accommodation businesses.

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