Menu

Posts by admin

Inflation Hits 41 Year Low as Economy Grows 6.4%

Turkish inflation fell to 6.4% in 2010, a 41 year low. While the fact that 2010 total GDP growth matched that figure is brilliant, it is most likely that history will reflect on the inflation as the most important achievement in Turkey's economic development. History will remember the 2001 financial...

Posted on 04 January 2011

Turkey Property: What Will Make it Hot in 2011

Several reports recently have predicted that Turkey will be one of the hottest overseas property investment markets in 2011, including a report by the Global Property Guide making a case for Turkey being Europe’s hottest residential property investment opportunity. Here are some of the reasons why Turkish property is making...

Posted on 31 December 2010

Turkish Property Boom Finally Hears the B Word

Well it finally happened, the word bubble was mentioned in relation to the Turkish property boom, but no, we aren't going to argue against it. This is because caution over whether the boom is a bubble has led to banking regulator the BRSA capping the maximum loan to value at...

Posted on 30 December 2010

Turkey Property to be Hottest with Investors in 2011

Turkey will be the hottest overseas property investment destination in 2011 according to Liam Bailey, director of Write About Property in an article detailing predictions for the hottest markets in 2011. Bailey, who has, in the past (2006) stated that EU membership was essential to make Turkey a viable property...

Posted on 24 December 2010

Turkish Central Bank Cuts Rate Further

The Turkish Central Bank has again cut its rates as inflation continues to slow in the rapidly growing economy. The bank said in an emailed statement that it was reducing its one week repo lending rate by 0.5 percentage points, bringing it to a record low. Recently the banks Deputy...

Posted on 17 December 2010

Fethiye Ever Popular as Development Resumes

Turkey’s property market continues to grow and become an ever-more popular choice for foreign investors. Property prices are still comparatively low and the powerhouse economy shows no sign of slowing down. One popular destination in Turkey is Fethiye, a resort town on the Mediterranean coast, which is very popular with...

Posted on 16 December 2010

Turkey: the Fastest Growing Economy in Europe Growing Beyond Expectations

Ali Babacan, the Turkish Minister for the Economy has said that the massive increase in the industrial production index for October means that the government's economic growth forecast for 2010 must be revised upwards. "Industrial output increased by 9.8 percent in October. The recovery in Turkish industry started in October...

Posted on 10 December 2010

Ankara Leaves Property Tax Value Unchanged, Calls on Poland’s Support for EU Bid

Turkish property owners or those currently purchasing a property in Turkey will be glad to hear that the government has decided not to increase the value it holds on their property for taxation purchases, and so the rate at which they pay tax against the property will not go up...

Posted on 09 December 2010

Great Times for the Turkish Property Market

Turkey’s economy continues to grow stronger and stronger and is anticipated to continue with forward momentum heading into 2011. Turkey is due to surpass China, the United States, Brazil, and Japan in national income, according to the International Monetary Fund (IMF), taking 12th place in EU countries. At 729 billion...

Posted on 04 December 2010

Investor Confidence in Turkey Back to 2007 Levels

According to the Deloitte "Private Equity Confidence Survey," or PECS, investors have the same level of confidence in Turkey as they did in 2007 before the international financial crisis first reared its ugly head. The PECS report is based on the results of a huge survey asking the views of...

Posted on 02 December 2010