With the signing of a mutual agreement between Turkey & Russia today [Tuesday, 18 January 2011] mutual visa regulations will most likely be lifted within two months time.
The decision is expected to increase trade between the two nations & has excited tourism operators, as it will go into effect prior to the start of the summer season.
After the initial protocol to lift joint visa regulations was signed on 12 May 2010, today the Re Admission Agreement, considered the final stage in the process, was signed between Turkey & Russia.
According to the Russian Embassy visa regulations should be lifted between the two countries in one to two months time.
Now, not only will businessmen be able to travel freely without the burden of obtaining visas, but the practice is also expected to positively affect tourism between the two nations. Last year alone, three million Russian tourists vacationed in Turkey.
Cumberland Properties welcomes the news, as making travel easier between the two countries will undoubtedly increase the number of rental enquiries to Seaview Regency Prestige, already popular with Russian tourists if the 2010 season is anything to go by, commented Cumberland Properties rentals manager Utku Karamanlioglu.
He added that the prospect of owning a Turkish property, whether as a holiday home, or a property investment in Turkey would now become even more attractive to Russian property investors keen to capitalise on the growing number of Russian tourists visiting the Bodrum peninsula.
Cumberland Properties have recently sold a significant quantity of Turkish property at its popular Woodland Regency development to Russian nationals both as Turkish holiday homes & also as Turkish property investment.
Following Cumberland Properties successful debut at the Moscow International Property Show last November Cumberland are planning to have a presence at the forthcoming DOMEXPO to be held at Gostiny Dvor, just 200 meters from Red Square, Moscow, between Thursday, 24 February – Sunday, 27 February 2011.
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