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Buyers Advised do Research before Buying Property in Turkey

Overseas property buyers are advised to conduct research before buying in Turkey. Julian Walker, director of agent Spot Blue said that while things are improving the market is still very unregulated compared to those in the west. "In comparison to the UK the Turkish market is still very under regulated,...

Posted on 26 November 2010

Rumours Gazipasa Airport Closed are False – Spokesperson

We at Spot Blue are happy to report that rumours about the Gazipasa airport being closed again are 100% false. A spokesperson for airport operator TAV told us that the scheduled flights are still running between Gazipasa and Istanbul Sabiha Gocken, although they have been reduced to twice per week...

Posted on 25 November 2010

Turkey Property a Hit With Investors, and Rightly So

According to official data from the Turkish General Directorate of Land Registry, some 32,000 Brits are dominant owners in a country which has seen foreigners purchase over 65 million square meters of land and property since 2002. With 6 million square meters of that owned by Brits, they own twice...

Posted on 20 November 2010

New Flights to boost Istanbul Property Market

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....

Posted on 19 November 2010

Turkish Airlines Open Istanbul to Washington Route – Latest of Many

Turkish Airlines CEO Dr Temel Kotil has flown to Washington to cut the ribbon and officially launch the airline’s new landmark route between its hub at Istanbul Ataturk and Dulles airport in Washington. The flight will run 6 times per week and connects with Turkish Airline’s star alliance partner United...

Posted on 13 November 2010

New Airport for Istanbul Given Green Light

Istanbul mayor Kadir Topbas has given the green light for a third airport in the Silviri district to the west of Istanbul. Massive growth in traffic to both Istanbul Ataturk and Sabiha Gökçen has triggered a series of projects to expand the city's air-traffic capacity, the third airport being the...

Posted on 12 November 2010

Queen Presents Award to Turkish President for Improving International Relations

Abdullah Gul has been given an award for his work in improving international relations. The Chatham House Prize was awarded to Gul in London by the Queen, for the strides he has made in improving Turkey's relations with its neighbours and internationally, as well as modernising Turkey. The Queen said:...

Posted on 10 November 2010

State-Owned Turkish Property Developer in 1 Billion TYR IPO

State-owned Turkish real estate developer is selling a 25% stake of the company in an Initial Public Offering next week. The firm is selling 625million shares at between 1.60 and 2.15 Turkish Liras each. Doing the math that is a valuation of 1 billion liras (at the lowest price of...

Posted on 07 November 2010

Turkish Employment to be Boosted Massively by Turkish Silicon Valley

Nihat Ergün, Turkish minister for industry and trade has said that Turkey's first “Silicon Valley” will be based between Kocaeli and İstanbul. Publication Today's Zaman has learned that the valley will be span 1100 acres of land, in what is recognised as the most industrialised region of Turkey. Ergün said...

Posted on 05 November 2010

Turkey Property: Top of the Props October

Well, it's been well over a month since we looked at the top performing properties, and we thought it would be good to take a look. For those reading for the first time, we recently started compiling data on the most reviewed properties on the Spot Blue website. We last...

Posted on 03 November 2010