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Posts by Richard

The £170K question: where would you invest in property, Turkey or the UK?

One is an exciting emerging economy that bridges the gap between East and West, and the other is an established Western market, ut one thing both Turkey and the UK share right now are bullish property markets. Turkey ranked sixth in the latest Knight Frank Global House Price Index, recording...

Posted on 27 September 2013

August tourist numbers up in Turkey, as national airline carries even more passengers

Foreign visitor numbers to Turkey were up significanty in August compared to last year, while Turkey’s national carrier, Turkish Airlines, confirmed this week that the number of passengers it carried from January to August increased 25 per cent year-on-year. A total of 4.95 million foreigners visited Turkey in August, a...

Posted on 24 September 2013

Landmark new shopping centre – with its own Apple Store – a boost for Istanbul

Raising its profile as a city that offers world-class shopping, Istanbul’s landmark Maltepe Park shopping centre reopened in September after a 19-month overhaul with the assistance of global supermarket group Carrefour SA. The transformation of Maltepe Park, located in the city’s Maltepe district on the eastern bank of the Bosphorus,...

Posted on 24 September 2013

Travel firm TUI confirms Turkey as number one summer holiday destination

Holiday bookings to Turkey during the summer season of 2013 were up 8.1 per cent compared to last year, more than any other short-haul destination – somewhere with a flight-time of less than four hours, said global travel firm TUI, which owns the Thomson brand, this month. Spain’s Balearic Islands...

Posted on 20 September 2013

Big hitters from the Gulf eye up Istanbul’s property investment opportunities

Interest from Gulf investors in Istanbul’s property market is expected to soar in coming months, thanks to the city and its investment opportunities being in the spotlight at Dubai’s Cityscape Global property exhibition in October. Highlighting the growing appetite for Turkish property in the Middle East, Turkey’s pavilion at Cityscape,...

Posted on 20 September 2013

One of the world’s top 30 banks setting up shop in Turkey

Dutch giant of the banking world Rabobank, ranked the world’s 26th largest bank, has announced plans this month to open offices in Turkey, saying it sees the country as a growing opportunity. The first Rabobank office will be in Istanbul and focus on the commercial sector, initially planning to provide...

Posted on 19 September 2013

Passenger numbers up by 22 per cent at Turkey’s leading low-cost airline

Turkey’s appeal as a tourist and second home destination has been reinforced by results from the country’s leading low-cost carrier Pegasus Airlines, which reported a 22.6 per cent year-on-year increase in traffic volume for the first six months of 2013. Pegasus carried a total of 7.55 million passengers on both...

Posted on 17 September 2013

Turkey’s property market outperforming the rest of Europe!

Property investors have seen better returns in Turkey than anywhere else in Europe, in terms of capital appreciation, over the past year, after the latest Knight Frank Global House Price Index showed house prices there rose 12.2 per cent year-on-year to the end of Q2 2013. Turkey’s rate of house...

Posted on 13 September 2013

We heard it on the grapevine – the world gets a taste for Turkish wine

Turkish wine is attracting more attention globally, after a leading UK supermarket introduced it to its shelves for the first time this month and a Turkish woman becomes the first official wine expert from the country. In September Waitrose became the only British supermarket to stock a Turkish wine, namely...

Posted on 09 September 2013

Turkish bank teams with US money transfer firm to make sending money around the world simpler

Sending money between one of Turkey’s leading banks and an overseas destination has got easier thanks to the bank now providing a global money transfer service in all of its branches. Turkish bank DenizBank now offers MoneyGram’s money transfer service in all of its branches nationwide. “Now that we have...

Posted on 09 September 2013

Turkey in the top 50 most competitive economies in the world

Turkey is ranked 44th in the latest 2013-2014 Global Competitiveness Index (GCI), a table produced by the World Economic Forum (WEF) which assesses 148 economies around the world on their level of productivity according to each country’s institutions, policies and condition of their economy. This represented a fall of one...

Posted on 06 September 2013

Turkey and olives – a recipe for success!

Olives and the oil that comes from them are one of the highlights of life in the Mediterranean, with different countries, including Turkey, claiming to produce the best. However, one thing that is indisputable right now is the rising number of people around the world who now consume Turkish olive...

Posted on 05 September 2013

Rail upgrades on track to increasing investment appeal of Istanbul property market

Many of Istanbul’s burgeoning residential districts are on the verge of becoming more accessible places to live, after a landmark new rail link connecting the European and Asian sides of the city neared completion when it carried its first passengers as part of a test run in August. The Marmaray...

Posted on 03 September 2013

Tourists just can’t get enough of Turkey – as Egypt’s problems deter holidaymakers

Turkey’s popularity as a tourist destination is growing at a faster rate than anywhere else in the Mediterranean, according to recent figures from the Union of Mediterranean Tourist Hotels (AKTOB). The country welcomed 19.1 million foreign tourists over a period of seven months in 2013, signifying a 10.6 per cent...

Posted on 31 August 2013

Turkish football club signs record sponsorship deal with UK brand Vodafone

Istanbul football club Beşiktaş announced in August that it has signed a $145-million deal with British telecommunications group Vodafone, making it the country’s biggest ever sponsorship deal. The deal includes shirt sponsorship for five years and sponsorship of the new Beşiktaş stadium, expected to be completed next year and named...

Posted on 30 August 2013

Spot Blue searches for idyllic plot in Turkey – it’s what the doctor ordered!

Just five years after buying their first holiday home in Turkey, British surgeon Phil McLoughlin and his Malaysian wife Shanti have begun looking there for the perfect spot to build a house for their retirement. The couple, who live with their two teenage sons in St Andrews, are searching for...

Posted on 27 August 2013

Leading fashion brand coming to Turkey’s High Street by end of 2013

Shoppers in Turkey will soon have the chance to look as fashionable as their European neighbours, thanks to plans announced this month for the opening of Superdry stores there. The news comes after UK based SuperGroup, which owns the Superdry brand, signed a five-year exclusive franchise agreement with Turkish firm...

Posted on 27 August 2013

Weaker Lira and rate rise means more spending money for expats

Expats living off the interest paid on savings in their local Turkish bank can enjoy an extra meal out each week, after Turkey’s central bank raised interest rates for the first time since October 2011. It’s not uncommon for resident Brits to deposit lump sums in a high interest Turkish...

Posted on 23 August 2013

Spot Blue clients appear in Mail on Sunday

Happy customers of Spot Blue who bought a villa in Fethiye through the firm earlier this year and who are now looking for a plot on which to build their dream retirement home were featured in the Mail on Sunday on 18th August. In April this year surgeon Phil McLoughlin...

Posted on 20 August 2013

Turkey bucks the trend with bullish commercial property market

The first half of 2013 has seen Turkey’s commercial property market record strong growth and attract increasing investment, according to a report by international property consultancy Jones Lang LaSalle. The investment market has gained significant liquidity with a few major transactions completed in the past six to eight months, said...

Posted on 20 August 2013