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Posts by Richard

Turkey tops the global rankings for house price growth in first half of 2016

Two independent surveys have confirmed Turkey’s property market as one of the best performing in the world during the second quarter (Q2) of 2016. Turkey topped Knight Frank’s Global House Price Index for Q2 2016, boasting house price growth of 13.9 per cent between Q2 2015 and Q2 2016. In...

Posted on 21 September 2016

Gulf States continue to drive Turkish market, while UK confirms long-term trade commitment

July’s failed coup appears to have done little to dampen long-term foreign interest in Turkey, after representatives from the Turkish Chambers of Commerce in the UK (TBCCI) expressed their on-going confidence in Turkey, while interest from Gulf nations continues to drive the Turkish property market. Chairman of TBCCI, Emma Edhem,...

Posted on 02 September 2016

Positive changes to Turkey’s residency permit rules

Turkey’s Directorate General of Migration Management (DGMM) this month has introduced changes to rules governing residency rights and permits for foreigners, addressing concerns previously raised by British and other non-Turkish residents and making it easier for foreigners to live there. The first significant change is that foreign residents can now apply for residence...

Posted on 19 August 2016

Turkish Airlines rises above the competition as a world-class carrier

Turkey’s efforts to become one of the best connected countries in the world offering travellers a world-class airline were rewarded this week when national carrier Turkish Airlines was named best “Best Airline in Europe” for the sixth consecutive year at the highly acclaimed 2016 Skytrax World Airlines Awards. This on-going...

Posted on 13 July 2016

Turkey flies above turbulence of EU Referendum

Turkey’s omission from the European Union together with its bullish economy and buoyant property market should make it an attractive destination to foreign investors both before and after the EU Referendum, said Spot Blue International Property in June, adding that Istanbul remains the country’s key investment hub. “Whatever the outcome...

Posted on 22 June 2016

Turkey’s new super highway and Marmara Sea bridge set to boost Bursa property market

The Turkish city of Bursa, including its coastal suburbs, is gearing up to become a property hot spot, following the completion and imminent opening of a landmark road bridge over the Marmara Sea, which will drastically cut journey times to Istanbul, said Spot Blue International Property in May 2016. Bursa,...

Posted on 31 May 2016

Turkish Airlines sponsors Euro 2016 and aims for new heights in 2016

Official Airline Partner to football’s Euro 2016, more flights to the Middle East and Americas, and projected capacity growth of 21 per cent in 2016 – Turkish Airlines would appear to be on target for achieving its goal of becoming the world’s number one airline. To celebrate Euro 2016 this summer,...

Posted on 15 May 2016

More cranes break Turkey’s horizon as its construction sector keeps growing

Turkey’s appetite for building new homes is showing no signs of slowing down, according to recent figures by the Turkish Statistical Institute (TURKSTAT), which show the construction sector grew its turnover by 4.5 per cent in the last quarter of 2015 compared to the previous quarter. Year-on-year, this growth rises...

Posted on 28 April 2016

Istanbul flying high as one of the world’s busiest air hubs

Turkey is now home to the eleventh busiest airport in the world, according to new statistics by the Airports Council International (ACI). The ACI’s preliminary passenger traffic results for the most-travelled airports in 2015 show that Istanbul’s Ataturk Airport has got busier, moving to 11th position from 13th the year before....

Posted on 21 April 2016

Cities in Turkey among world’s best for capital appreciation

Three Turkish cities are among the world’s 20 highest performing cities in terms of house price growth, including Istanbul ranked third, according to a new report by a leading international real estate consultancy. Property prices in Istanbul grew by 25 per cent between Q4 2014 and Q4 2015, according to...

Posted on 21 April 2016

Resilient Turkish economy is 3rd strongest in G20 and bodes well for investors

Turkey’s economy is outperforming the expectations of international financial institutions and remains one of the fastest growing members of the G20 – news that will be welcomed by foreign investors there in 2016. Data from the Turkish Statistical Institute (TurkStat) released at the end of March showed that of all...

Posted on 18 April 2016

Istanbul drives sales in February, with signs of interest in Altinkum and Aydin

The number of Turkish properties purchased by foreigners surged by 15.8 per cent year-on-year in February, according to the latest figures from the Turkish Statistical Institute (TurkStat). In total, foreigners bought 1,585 that month compared with 1,369 in the same month in 2015, with Istanbul attracting the largest share of...

Posted on 05 April 2016

Major Istanbul expo reflects strong Middle Eastern demand for Turkish property

In a sign of confidence for the Turkish property market, Istanbul hosts its first ever Cityscape Turkey property exhibition in March 2016, an event previously only associated with the United Arab Emirates (UAE). Taking place 24th-26th March at the Istanbul Congress Center, the exhibition will bring domestic and global investors...

Posted on 24 March 2016

Property investors reap highest rewards in Turkey in 2015, according to new global report

House prices rose more in Turkey than in any other mainstream real estate market during 2015, according to a report from international property consultancy Knight Frank. Recording growth of 18.4% puts Turkey top of Knight Frank’s most recent Global House Price Index, which compares average house prices in the fourth...

Posted on 14 March 2016

Gulf investors drive foreign demand 3 years after Turkey’s law change

New figures reveal the extent of which Turkey’s property market was boosted by the country’s relaxing of ownership laws, with an uplift in buyers from the Gulf States especially notable. Turkish property investments by foreigners are expected to be worth $5.5billion for 2015, after figures confirmed a value of $5billion...

Posted on 04 March 2016

Spot Blue International Property means business when it comes to social media

Spot Blue International Property has been recognised as one of the most influential users of social media in the overseas real estate industry, with the on-line property agency occupying the top spot of an independent social media ranking and featuring consistently highly in another. As of February 2016, Spot Blue...

Posted on 25 February 2016

Istanbul boosted by ranking in top 15 European cities for investment prospects in 2016

Istanbul has been ranked 14th in a recent report by international tax consultancy PwC and the Urban Land Institute that ranks 20 European cities by investment prospects. This is an impressive six places up from last year's listings and puts it ahead of London (15th), Edinburgh (18th), Frankfurt (20th), Brussels...

Posted on 12 February 2016

Turkey’s investor appeal remains strong as sales to non-Turks jump in 2015

Residential property sales to foreigners rose by 20.4 per cent in Turkey during 2015 compared to 2014, according to the Turkish Statistics Institute (TurkStat), whose data also showed that overall residential sales, including those to Turks, rose by 10.6 per cent year-on-year. In total, Turkey recorded 1,289,320 residential property sales...

Posted on 25 January 2016

Turkey improves conditions for foreign investment in 2016

Turkey is set to become more appealing to foreign investors in coming months, thanks to reforms announced by the Government that are designed to improve the country’s investment environment. At the same time, new figures from Deloitte Turkey reveal that foreign investors are driving Turkey’s mergers and acquisitions (M&A) market....

Posted on 12 January 2016

Istanbul’s mega airport likely to deliver up to 200 new air links

Istanbul’s new airport could connect the city to between 150 and 200 new destinations, in addition to those currently served by its existing two airports, when it opens in 2018, according to research by aviation news website Anna.aero.com. Highlighting the huge benefit that the airport will bring, the news was...

Posted on 18 December 2015