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Turkey Blog from Turkish Real Estate Agent Spot Blue

Foreign investment up as Turkish economy outshines much of Europe

Date: August 29, 2014 | Written By Richard

Foreigners invested $2billion in Turkish property in the first half of 2014, a period that saw a 28 per cent hike in overall foreign direct investment (FDI) in Turkey compared to 2013. FDI in Turkey between January and June was worth $6.8billion, according to data released by the Central Bank of the Republic of Turkey. […]


Landmark new Istanbul airport to be named after President Erdogan

Date: August 14, 2014 | Written By Richard

Istanbul’s iconic third airport, set to be the largest in the world once completed in 2018/19, will be named after the country’s new president-elect, Recep Tayyip Erdogan. The new airport is expected to serve 150 million passengers per year, replacing Turkey’s current main air hub in Istanbul, which is named after Mustafa Kemal Ataturk, the […]


Turkey enters new era as Erdogan takes over the presidency

Date: August 13, 2014 | Written By Richard

Turkey has its first ever directly elected president, after its existing prime minister, Recep Tayyip Erdogan, won the presidential election at the start of August, vowing to build a new Turkey. Erdogan’s election as President of Turkey should enable him to continue to drive the growth he has generated as Turkey’s prime minister since 2003. […]


Russians spearheading tourism growth in booming Antalya in 2014

Date: August 5, 2014 | Written By Richard

The city and province of Antalya is proving an ever-growing hit with foreign tourists, but in particular Russians, after new figures showed an increase in the number of tourists there during the first seven months of 2014 compared to last year. According to the Antalya Culture and Tourism Provincial Directorate, between January and July, the […]


Investors welcome ongoing appreciation of new Turkish homes in 2014

Date: July 30, 2014 | Written By Richard

The average price of new homes in Turkey continued to rise in June, according to the trade body for Turkish real estate, making a property investment there increasingly attractive to foreign buyers in 2014. The REIDIN-GYODER New Home Price Index showed that in June, new Turkish house prices recorded a 0.34 per cent increase on […]


Rising number of museums helping to drive up Turkey’s tourist numbers

Date: July 28, 2014 | Written By Richard

Turkey’s appeal to tourists now stretches far beyond its beaches, weather and bazaars, with new statistics showing that annual visitors to the country’s museums and historic sites rose by a staggering 428 per cent between 2000 and 2013. According to the Turkey Museums 2013 report by the Association of Turkish Travel Agencies, 29,533,966 people visited […]


Demand continues to put upward pressure on Istanbul rents and property prices

Date: July 22, 2014 | Written By Richard

Rents in Istanbul have risen by 42 per cent in districts close to the city’s Ataturk Airport, according to recent reports in the Turkish press, which also state property prices there are recording double digit growth per annum. Apartments in Istanbul are said to be in high demand as the summer holiday season kicks in […]


Istanbul attracts world’s 7th highest number of international travellers

Date: July 16, 2014 | Written By Richard

Istanbul is among the 10 most popular cities in the world, according to Mastercard’s 2014 Global Destination Cities Index, which ranks the world’s most travelled cities by international overnight visitors. The iconic Turkish city came seventh out of 132 cities assessed in the Index, with an estimated 11.6 million visitors during 2014, a 17.5 per […]


Buzzing Istanbul continues to attract leading international hotel brands

Date: July 15, 2014 | Written By Richard

Istanbul’s status on the global tourism stage moved up a notch this month, following the opening of an iconic new hotel by one of the world’s largest hotel companies, American group Choice Hotels International. Choice’s newly built Clarion Hotel & Suites Istanbul Sisli is located between the Levent and Taksim business areas and close to […]


Turkish economy continues on growth path in 2014-15, according to OECD

Date: July 11, 2014 | Written By Richard

Turkey’s economy will grow stronger in the coming years, according to a statement released by the OECD in July, news that should encourage more foreign investors to the country. The OECD, which conducted a survey about the Turkish economy, said that Turkey’s short-term economic outlook has improved, and that buoyed by the projected global recovery, […]