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Posts by Richard

Turkey enters new era as Erdogan takes over the presidency

Turkey has its first ever directly elected president, after its existing prime minister, Recep Tayyip Erdogan, won the presidential election at the start of August, vowing to build a new Turkey. Erdogan's election as President of Turkey should enable him to continue to drive the growth he has generated as...

Posted on 13 August 2014

Russians spearheading tourism growth in booming Antalya in 2014

The city and province of Antalya is proving an ever-growing hit with foreign tourists, but in particular Russians, after new figures showed an increase in the number of tourists there during the first seven months of 2014 compared to last year. According to the Antalya Culture and Tourism Provincial Directorate,...

Posted on 05 August 2014

Healthy data signals bullish second half of 2014 for Turkish property market

Rising property values, booming tourist numbers and ever-improving air access – Turkey’s attraction to foreign property-buyers has gained momentum during the first half of 2014 with a promising second half ahead, said property agency Spot Blue International Property in August. Property Sales to foreigners in Turkey rose 60 per cent...

Posted on 01 August 2014

Investors welcome ongoing appreciation of new Turkish homes in 2014

The average price of new homes in Turkey continued to rise in June, according to the trade body for Turkish real estate, making a property investment there increasingly attractive to foreign buyers in 2014. The REIDIN-GYODER New Home Price Index showed that in June, new Turkish house prices recorded a...

Posted on 30 July 2014

Rising number of museums helping to drive up Turkey’s tourist numbers

Turkey’s appeal to tourists now stretches far beyond its beaches, weather and bazaars, with new statistics showing that annual visitors to the country’s museums and historic sites rose by a staggering 428 per cent between 2000 and 2013. According to the Turkey Museums 2013 report by the Association of Turkish...

Posted on 28 July 2014

Demand continues to put upward pressure on Istanbul rents and property prices

Rents in Istanbul have risen by 42 per cent in districts close to the city’s Ataturk Airport, according to recent reports in the Turkish press, which also state property prices there are recording double digit growth per annum. Apartments in Istanbul are said to be in high demand as the...

Posted on 22 July 2014

“Sea views and a fantastic lifestyle every day” – Turkey’s charm wins over another British expat

Waking up to sunshine and sparkling sea views is now a daily treat for Sara Chandler from Essex, who has recently relocated to her apartment on a 5-star complex in Turkey, after successfully purchasing it through property agency Spot Blue International Property. Ms Chandler bought her two-bedroom apartment, located in...

Posted on 18 July 2014

Istanbul attracts world’s 7th highest number of international travellers

Istanbul is among the 10 most popular cities in the world, according to Mastercard’s 2014 Global Destination Cities Index, which ranks the world’s most travelled cities by international overnight visitors. The iconic Turkish city came seventh out of 132 cities assessed in the Index, with an estimated 11.6 million visitors...

Posted on 16 July 2014

Buzzing Istanbul continues to attract leading international hotel brands

Istanbul’s status on the global tourism stage moved up a notch this month, following the opening of an iconic new hotel by one of the world's largest hotel companies, American group Choice Hotels International. Choice’s newly built Clarion Hotel & Suites Istanbul Sisli is located between the Levent and Taksim...

Posted on 15 July 2014

Turkish economy continues on growth path in 2014-15, according to OECD

Turkey’s economy will grow stronger in the coming years, according to a statement released by the OECD in July, news that should encourage more foreign investors to the country. The OECD, which conducted a survey about the Turkish economy, said that Turkey’s short-term economic outlook has improved, and that buoyed...

Posted on 11 July 2014

Istanbul-Ankara high-speed rail link to open in July

A new high-speed rail link connecting the Turkish capital Ankara with the international commercial hub of Istanbul is due to open this month, cutting the journey time between Turkey’s two most important cities to three-and-a-half hours from six. Turkey's Transport Minister Lütfi Elvan has confirmed that the new rail link...

Posted on 08 July 2014

Turkey swimming in Blue Flag beaches, with third highest number worldwide

Tourists and holiday homeowners looking for pristine beaches and clean water to swim in should have Turkey on their radar, after the country was ranked third out of 51 countries on the 2014 Blue Flag scheme. Turkey now has 387 Blue Flag beaches, putting it ahead of France with 379...

Posted on 04 July 2014

Foreign appetite for a slice of Turkey increasing during 2014

Interest in Turkish property is showing no signs of easing off in 2014, after data from the Turkey’s Ministry of Economy showed a record 42 per cent year-on-year increase in real estate purchases by foreign nationals during the first four months of the year. Foreigners purchased real estate worth $1.26billion...

Posted on 03 July 2014

Turkey’s ‘Saint Tropez’ – 5 reasons holiday homeowners can count on Kalkan

Carefully controlled development, improving infrastructure and a growing celebrity following are fuelling interest in the upmarket Turkish resort of Kalkan, known as the ‘Saint Tropez’ of Turkey, said property agency Spot Blue International Property in June. Last winter, the cobbled streets of Kalkan’s Old Town were completely restored in keeping...

Posted on 27 June 2014

Turkey gains two more World Heritage Sites

Turkey’s rich culture has been recognised at the latest UNESCO World Heritage Session, after the country was granted two new World Heritage Sites bringing its total number to 13. The first new Site in Turkey is the Birth of the Ottoman Empire at Bursa and Cumalıkızık in the southern Marmara...

Posted on 24 June 2014

Gulf nations getting a real taste for Turkey

Turkey experienced a surge in visitors from the Gulf regions in the first four months of the year, according to the country’s Cultural and Tourism Office. In particular, the country recorded healthy rises in the number of visitors from GCC states Qatar, Bahrain and Kuwait, namely 46 per cent, 40...

Posted on 20 June 2014

Istanbul’s case for becoming a global financial hub under the spotlight

Istanbul’s campaign to become a leading financial hub in the world was reiterated this month when the Turkey’s finance minister, Mehmet Simsek confirmed that the country aimed to be among the top-three performing economies in Europe within a decade and one of the top 10 in the world within the...

Posted on 17 June 2014

New air links with Gulf States signal Istanbul’s growing financial and cultural status in 2014

Istanbul’s growing popularity in the Middle East together with its increasing status as a commercial hub has led to a steep rise in new direct flights there from the Gulf States in the past 18 months, said property agency Spot Blue International Property in June. “Rewind just five years and...

Posted on 10 June 2014

June sees Istanbul officially break ground for construction of mega airport

Turkish Prime Minister Recep Tayyip Erdogan attended the official launch of work on Istanbul’s ground-breaking new airport in June, as construction officially begins at the airport’s site in the northern Arnavutkoy district of the city. A joint venture of Turkish companies won the tender for Istanbul’s third airport in May...

Posted on 06 June 2014

Michelin-star Italian chef brings fine dining to Istanbul

Istanbul’s appeal to wealthy jet-setters and homeowners who enjoy eating out has just shot up, after Ristorante ltalia, a contemporary Italian fine dining restaurant inside Istanbul’s new Eataly, was opened by world renown chef Massimo Bottura at the end of May. Massimo Bottura is the highly regarded chef-patron of the...

Posted on 03 June 2014