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Posts by Richard

Leading Gulf property company backs Turkey and commits £’millions to the market

Confidence in Turkish property received a boost this month after a leading real estate firm in the Gulf announced a major foray into the market with investments to the tune of AED 200 million (around £33milion). The Gulf property firm has unveiled three iconic projects in Turkey as part of...

Posted on 06 December 2013

EU-Turkey relations reach new level with visa liberalisation on the cards

The European Union took steps this week towards removing visa requirements for Turkish citizens, in a move that signals a snowballing unification between Ankara and the 28-member bloc. Turkey and Brussels will sign an agreement allowing EU governments to send back illegal immigrants crossing into Europe from Turkey. In return,...

Posted on 04 December 2013

Turkey’s currency “undervalued” and could strengthen in 2014, says international bank

Turkey’s currency is undervalued and in line to strengthen in 2014 when the country’s economy will continue to outperform the rest of Europe, said a leading international finance house in Istanbul in November. Societe Generale (SocGen) told Bloomberg this month that investors should buy the lira against the euro as...

Posted on 29 November 2013

New air routes connect Istanbul with North American and North African continents

Turkey’s aim to become one of the best connected countries by air globally continues to take shape, with the announcement and launch this month of new routes to Canada and Algeria. Turkish Airlines will begin operating out of Canada’s Montréal-Trudeau airport in June 2014. A Star Alliance member, Turkey's national...

Posted on 26 November 2013

World Bank President labels Turkey an “inspiration” and opens Islamic finance hub in Istanbul

Turkey has taken a step closer to becoming an important player on the global economic stage, following the opening of the Global Center for Islamic Finance in Istanbul on 30th October by World Bank Group President Jim Yong Kim. Jim Yong Kim was accompanied by Turkish Deputy Prime Minister Ali...

Posted on 22 November 2013

Turkey talks shop – demand for shopping space there now one of Europe’s highest

Highlighting Turkey’s growing middle class and its appetite for a consumer lifestyle, the country completed the second largest amount of new shopping space anywhere in Europe during the first half of 2013. The number one spot was taken by Russia. A report by international property consultancy Cushman Wakefield also showed that...

Posted on 19 November 2013

Turkey’s foreign ownership laws get even friendlier in 2013, signalling a bumper 2014

A raft of new rules governing property ownership in Turkey have made the country increasingly attractive to foreigners in 2013, laying the foundations for continued growth in the property market there in 2014, said Turkey property specialist Spot Blue International Property in November. Turkey’s most recent law change favouring foreign...

Posted on 18 November 2013

Spot Blue appears in Telegraph article about Istanbul tunnel

A recent article by the UK newspaper the Daily Telegraph, which outlines how the new Marmaray rail tunnel in Istanbul will attract more foreign businesses, features Spot Blue and includes quotes by Director Julian Walker, illustrating the firm’s increasing prominence in the region. In the article, Mr Walker says: “In...

Posted on 11 November 2013

Economic growth in Turkey predicted to be double that of other OECD nations

Turkey will see average annual growth of 5.2 per cent between 2012 and 2017, while other OECD members are forecast to grow at 2.4 per cent for the same period, President of the Investment Support and Promotion Agency of Turkey (ISPAT), Ilker Ayci, stated recently. Ayci added that Turkey is the...

Posted on 04 November 2013

New railway tunnel promises to make Istanbul an East-West trading hub

A new railway tunnel linking the European and Asian sides of Istanbul opened on 29th October, with hopes it will make Istanbul a convenient trading route between Western Europe and South-east Asia, including China, in essence a modern-day Silk Road. The 1.4-kilometre tunnel, which runs under the Bosphorus Strait and...

Posted on 29 October 2013

Foreign investors in Turkish property predicted to be worth $3 billion during 2013

Property sales in Turkey were up 78.7 per cent in the first half of 2013 compared to last year, a member of Turkey’s Real Estate Investment Trust Association (GYODER) said in October. According to the Anadolu news agency, Isil Gokkaya of GYODER added that Turkey’s new law that has opened...

Posted on 28 October 2013

Turkey gets the thumbs up from a Hollywood superstar

Giant of the Hollywood blockbuster Russell Crowe, who starred in the movie Gladiator, has been in Turkey confirming arrangements for the filming of his next film and whilst there he revealed how much he liked the country. In his film, Crowe will bring to the big screen the story of...

Posted on 25 October 2013

Istanbul gears up for arrival of first Rolls Royce dealership

A sign of the growing prosperity of Turkish people and their appetite for leading worldwide brands, Rolls-Royce has announced plans for an authorised dealer to be based in Istanbul. The new dealership is to be officially named Rolls-Royce Motor Cars Istanbul and the new showroom is officially due to open...

Posted on 24 October 2013

Turkey’s European Union membership back on the agenda in Brussels

Turkey could be about to take a step closer to joining the European Union (EU), after the EU Council confirmed that next month it will resume talks with Turkey about its membership of the 28-nation EU bloc, following a three-year break from discussions. Recent talks on Turkey’s membership were postponed...

Posted on 22 October 2013

Turkish investment delegation targets the world’s largest economy – the US

  Turkey’s on-going efforts to attract foreign investors took the country’s Investment Support and Promotion Agency of Turkey (ISPAT) to US capital Washington this month, where ISPAT President, Ilker Ayci, confirmed strong interest from US investors in opportunities in Istanbul and broader Turkey. Said Ayci: “These meetings proved that US...

Posted on 18 October 2013

Demand at home and abroad: property agent Spot Blue ready to take on more stock

More diverse international investors in Turkey combined with growing demand from a wealthier population have led to an increase in property purchases and in some areas a tighter supply of stock, said leading Turkish property agency Spot Blue International Property in October. The prominence of Gulf and Russian investors in...

Posted on 15 October 2013

Turkish low-cost carrier launches new flights and connects Russia with Istanbul

A sign of Turkey’s expanding global appeal, on 8th October the country’s expanding budget airline Pegasus launched its first ever service between Istanbul and Moscow. At the same time, the airline also announced a raft of new flights from Brussels, starting next year. By 27th October Pegasus is expected to...

Posted on 15 October 2013

Deals worth $1.3billion – Istanbul property goes down a storm at Dubai property show

Occupying the largest international pavilion at the Cityscape property exhibition in Dubai this year, Turkey has lived up to expectations of drawing Gulf investors, with one developer on course to net around $1.3billion worth of investment. Turkish developer Agaoglu Group confirmed that the Financial Center in Istanbul has been a...

Posted on 10 October 2013

Spot Blue appears in Turkish property article in leading Middle East magazine

A recent article in leading Middle East news title Gulf News, which outlines the benefits of investing in Turkish property to citizens from Gulf countries, features Spot Blue and includes quotes by Director Julian Walker, illustrating the firm’s increasing prominence in the region. In the article, Mr Walker outlines the highlights...

Posted on 08 October 2013

Spot Blue’s reputation leads to mention in leading lifestyle magazine in Asia

Spot Blue features in a recent edition of the Asian edition of Tatler magazine, in a feature that names Istanbul as one of the world’s top five investment hot spots for property. In the article, Spot Blue director Julian Walker is quoted as saying that growth in Istanbul’s property market...

Posted on 02 October 2013