New Flights to boost Istanbul Property Market

Posted on 19 November 2010

Kazakhstan airline Air Astana has announced that it will commence running new once weekly flights to Istanbul. This is the latest in a succession of announcements that increase the accessibility of Istanbul, with a series of expanded routes this year culminating in a third airport being green-lighted for the city.

“Air Astana continues to grow in strength and reputation as Central Asia’s leading carrier, with these latest new services destined to prove popular with government, business and leisure travellers. More and more passengers will have the opportunity to conveniently connect to Air Astana’s award winning long-haul services from Almaty to major cities in Asia, Europe and the Middle East,” said Peter Foster, President of Air Astana.

New flights from Kazakhstan may not seem important for Brits considering buying property in Turkey (our readership), but of course they are: new flights will increase competition in the buying market, and potential occupancy in the rental market. As most Istanbul property buyers are investors this is very significant indeed.

In other news from Anna.Aero seat capacity at Turkish airports increased 18.4% at the start of the winter season compared to last year. This, the second annual increase of over 15% put Turkey in second place behind Russia in terms of capacity growth.

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