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Global Investors Pre-emptively Rate Turkey Investment Grade

It seems that global investors are acting on the basis that the rating agencies will imminently upgrade Turkey's debt rating to investment grade. This belief comes from the fact that it currently costs as much to insure Turkish debt against default as it does to insure debt of Russia in...

Posted on 01 July 2010

The Future is Bright for Turkish Property

We have all seen Turkey's increasing relationship with its Eastern neighbours in the Arab and Muslim world lately, with increasing bilateral agreements, including visa-free travel with many including, Lebanon, Jordan and Syria. Well, the European Union has recently discussed whether or not this is their fault for pushing Turkey away...

Posted on 18 June 2010

Turkish Growth Makes it the Hottest Property in Europe

While it is not exactly an OMG moment it is certainly significant that Turkish property has just been given a recommended investment rating by Global Property Guide in its Mid 2010 report. In fact, it was the recommended investment location for Europe. The report is focussed on residential investment, in...

Posted on 17 June 2010

Marriott Chooses Istanbul to Try New Boutique Model

International hotel Chain Marriott International has made a massive testament to Turkey's status as one of the world's leading tourism destinations, and more so to Istanbul's growing demand for luxury hotel accommodation. In 2007, Marriott announced a partnership with Ian Schrager -- credited as the man who popularised the boutique...

Posted on 11 June 2010

Turkish Mortgage Demand Doubles in May – Conti

Overseas mortgage provider Conti has revealed massive growth in demand for Turkish mortgages. Conti has said that demand for mortgages for Turkish property has been growing steadily over the past year, but that quotes doubled in May compared to April. This is the biggest sign we have had that growth...

Posted on 10 June 2010

Turkey’s Top Hotels Gain Recognition for Excellence

Massive holiday accommodation chain Hotels.com has just compiled its top 10 of best resort hotels around the world, and two of Turkey's hotels have made the list: The Marmara in Antalya and the Cappadocia Cave Resort. Both made the list because they are feats of architectural magnificence, and have used...

Posted on 04 June 2010

New Low-Cost Flights from Manchester to Boost Bodrum Property Market

Turkey’s popular Aegean resort of Bodrum will benefit from increased accessibility from the UK, as UK low-cost carrier Jet2 has announced it will be flying once weekly to Bodrum from Manchester Airport starting June 23rd. Jet2 holidays are also offering packages built around the flights. Philip Meeson, the chief executive...

Posted on 03 June 2010

Turkish Air Travel to Russia Up 50% Since last May

A new study by Anna.Aero has revealed 50% growth in air traffic from Turkey into Russia since last May. Turkey is now the second largest country in terms of air traffic into Russian airports the study found. This is a result of massive improvements in accessibility between the two countries....

Posted on 28 May 2010

Turkish Luxury Tourism Sector Starting to Take Root

I just read an excellent article highlighting Turkey’s growing popularity as a luxury tourism destination over the last 2 years. In the article Classic Collection tells how it smashed its sales target (168%) for Turkey in the first year, having only added Turkey to its destinations last year. The article...

Posted on 27 May 2010

Turkish Visa-Free with Syria Deal Opens South to New Trade Expansion

I just read a great article in the Financial Times, highlighting the massive amount of Syrians that are shopping in the Sanko Park shopping mall in Gaziantep, the first stop for high end shopping that they come to after crossing into Turkey through its southern border. According to the article,...

Posted on 22 May 2010