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Posts by Richard

Rough Guides includes holiday home hot spots in its ‘not to miss’ list for Turkey

Istanbul’s Grand Bazaar, Turkey’s picturesque south-west coast, a walk between Ölüdeniz and Antalya, and a beach near Kalkan all feature as highlights of a visit to Turkey, according to the latest edition of the Rough Guide to Turkey. Situated inside the walled city of Istanbul, in the Faith district, the...

Posted on 25 March 2014

Why Istanbul’s Beylikduzu district is a hit with Turkish and foreign investors

Demand for property in one of Istanbul’s most desirable districts, Beylikduzu, is expected to grow during 2014, as more investors discover what this exciting area on the city’s European side has to offer.Together with the nearby Atakoy Marina district, luxury new developments in Beylikduzu are attracting an increasing number of...

Posted on 18 March 2014

More flights between Turkey and the Gulf, including low-cost service to Kuwait

Increased flights between Turkey and countries in the Middle East should help maintain a high level of interest from Arab investors in Turkish real estate opportunities in 2014.This month sees Turkish low-cost carrier Pegasus commence a new four-times-a-week service between Kuwait City and Istanbul. Pegasus passengers will be able to...

Posted on 14 March 2014

Turkey’s real estate sector in global spotlight at international property show

Turkish property has once again been a highlight at the world’s largest trade property exhibition, namely MIPIM and taking place in France 11th-14th March, after Turkey was chosen as one of three Countries of Honour for the second year running.Testament to the global interest in property in Turkey, more than...

Posted on 13 March 2014

Inland Turkey attracting international property-buyers in search of rustic bliss

Off the beaten track properties in Turkey, which combine stunning scenery and a rustic lifestyle with easy access to coastal resorts, are capturing the hearts of a growing number of overseas buyers, said Spot Blue International Property in March, adding that some of the prettiest homes are inland. Many of...

Posted on 11 March 2014

Foreign investment in Turkey remains strong, with Europe its most important trading partner

Turkey’s attraction to foreign investors and businesses remains strong, after figures from the Turkish Ministry of Finance revealed that foreign direct investment (FDI) into the country in 2013 totalled $12.686 billion.Capital inflow accounted for $10.1 billion while real estate purchases by foreigners exceeded $3 billion. The European Union remained Turkey’s...

Posted on 04 March 2014

House sales up by 65 per cent in 2013, with Antalya a favourite with foreigners

Foreigners bought more than 12,000 properties in Turkey during 2013, with the southern province of Antalya attracting the highest number of sales to non-Turks.Figures released by Turkey’s Statistical Institute (TurkStat) showed that of the 1.157 million properties sold in the country last year, 5,548 were to foreigners in Antalya, 2,447...

Posted on 26 February 2014

World-class marinas putting the wind in the sails of Turkey’s lifestyle property market

Turkey’s growing marine tourism sector is expected to boost interest in property in coastal resorts in 2014, thanks to a raft of world-class marinas, many of them less than a year or two old, attracting an increasing number of lifestyle property investors, said Turkish property agency Spot Blue International Property...

Posted on 21 February 2014

Istanbul’s largest ever office lease signals healthy 2014 for commercial sector

A New Year’s boost for Istanbul’s commercial real estate sector is the announcement that Colliers International has pre-leased what it claims is the largest-ever office lease recorded in Turkey, namely over 60,000 square metres of the Torun Tower, on behalf of Torunlar REIT. The space has been leased to Denizbank,...

Posted on 11 February 2014

Turkey’s interest rate hike stalls Lira’s fall, fuelling domestic rental market

Developers in Istanbul are reporting a hike in sale to foreign investors during December 2013, fuelled by investors taking advantage of a slump in the value of the Turkish Lira against other major currencies. The recent drop in the value of the Lira against the US Dollar and Sterling has...

Posted on 07 February 2014