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Tourism from Middle East to Turkey in Focus Part I: Qatar

Turkey is becoming one of the world's most popular tourism destinations. This is understandable given the vastness of the countries cultures, benefits, climates, varied locations and differing climates -- something for everyone you could say. Because of its predominantly Muslim ethnic make-up, Turkey is understandably a very popular destination with...

Posted on 09 October 2009

Turkey Hopes to Sign Armenia Accords on Saturday

Turkey hopes to sign accords with Armenia on Saturday Reuters has revealed, ending the decades long feud between the two countries, and taking a massive step forward towards being accepted as a member of the European Union. Armenia has been feuding with Turkey because of the thousands of Armenians killed...

Posted on 07 October 2009

Turkish Economy to see Strong Recovery in 2010 says the IMF

The IMF has just issued its World Economic Outlook and it is very positive on the Turkish economy. Unfortunately the report is generalised, but I picked out the following on Turkey: Sizable output gains forecast in 2010 (page 77) 3.7% GDP growth forecast in 2010 - among strongest of all...

Posted on 03 October 2009

IMF to Resume Negotiations with Turkey, Agreement Unlikely

International Monetary Fund Chief Dominic Strauss Kahn said today that the IMF would restart negotiations with Turkey after the annual meeting in Istanbul. Some 15,000 delegates are descending on Istanbul for the annual meetings of the World Bank, the IMF, including finance ministers from the G7 nations. Last week it...

Posted on 02 October 2009

Turkish Property Agent Spot Blue Announces Developer Checks

Turkish Property Agent Spot Blue Announces Developer Checks  Spot Blue have become one of the first UK based Turkish property agents to run due-diligence checks on all the developers they work with in Turkey, and to have detailed reports drawn up into the developers history and potential for trustworthiness. Director...

Posted on 01 October 2009

Turkey Property (whole Industry) Benefits from Return of British Buyers

There have been numerous signs in the past few weeks that the overseas property industry can breathe a sigh of relief; the worst seems to be over. Overseas Property Professional magazine has featured several articles quoting industry professionals reporting increased leads, and increased sales, including a surprising run on off...

Posted on 25 September 2009

American Tourism to Turkey Rising as Hotel Infrastructure Expands

We have covered on this blog, the massive rise in British tourism to Turkey, which has averaged 20% for the last few years and is expected to hit 25% this year as the strong Euro damages the traditional favourites. Tourism from America is also rising, in fact it grew 2.4%...

Posted on 22 September 2009

Turkey Cuts Key Interest Rate Again – Good News for Property Market

The Turkish central bank has cut its key interest rate by a further fifty basis points. The ninth cut in 11 months now leaves the rate at 7.25%. Turkey has cut its interest rate by more than any other G20 nation. A recent house price index found that the falling...

Posted on 19 September 2009

Turkey Becoming Known as Force for Peace and Bridge Between West and East

Turkey's presence in the world is growing as it becomes known as force for change and peace within the region and a bridge between the Middle East's Muslim population and the western world. This is making the news now; with turkey reaching out to normalise relations with Armenia, with Obama...

Posted on 18 September 2009

Colliers Issues Upbeat Report on Turkish Real Estate

Colliers international, the giants of world commercial real estate have issued a detailed analysis of the Turkish real estate market. The overall thesis of the report is that the recovery has already begun, and will continue to gather pace, with strong growth resuming in the second half of 2010. Still,...

Posted on 11 September 2009