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Posts by Spot Blue

Arab Spring Fuels Booming Tourism, Property Sales and Economy in Turkey

The Turkish economy was the fastest growing in the world in the first six months of this year, with GDP growing 8.8% in the year to end June according to the latest data from Turkstat. The Turkish statistical body also revised upwards its first quarter GDP figures, from the 11%...

Posted on 15 September 2011

British Buyers Still on Top in Flourishing Turkish Property Market

The Turkish property market continues to go from strength to strength. Recent reports have indicated that Russian and Arab buyers are taking over from Brits as the dominant force, but according to official data Brits are still the largest grouping of foreign owners in Turkey as the property market continues...

Posted on 09 September 2011

Middle Eastern Buyers Snapping up Luxury Istanbul Property

According to the estate agents in Turkey, rich Middle Eastern buyers are increasingly interested in expensive property by Istanbul's Bosporus. The recent unrest in North Africa and the Middle East means that investors are viewing Turkey as being a safe haven, and are looking to buy luxurious waterfront villas and...

Posted on 03 September 2011

Merrill Lynch Predicts Strong Growth in Turkey over next 10 Years

In a new report, investment banking giant Merrill Lynch predicts that Turkey will be the fastest growing economy in the EMEA region -- Europe, Middle East and Africa -- the coming 10 years, with fellow emerging markets South Africa and Saudi Arabia not far behind. "Based on an analysis of...

Posted on 02 September 2011

Turkey is a Top Destination with Brits Says Travelwatch

According to leading travel website Travelwatch.co.uk, Turkey is the second most searched holiday destination this year, with the available stock rising rapidly to meet the new demand. According to the firm the fact that Turkey is outside the Eurozone continues to be a major draw, because they can get more...

Posted on 26 August 2011

Economic Minister Reveals Special Economic Zones Plan for Turkey

Turkey is to do away with the current "free zones" in favour of a new system of "Economic Free Zones" according to Minister of Economic Zafer Caglayan. According to Caglayan the reason for rethinking the incentivised zones was to better equip them to tackle the country's raging current account deficit....

Posted on 25 August 2011

Foreign Investment in Turkey Soaring in 2011

We have long known that volatility in the global economy, combined with the eurozone debt crisis and sluggish growth in most established markets was driving growth in investment to Turkey and other emerging markets. But few would have believed it would be driving quite as much growth as we now...

Posted on 18 August 2011

Turkish Property Prices Continue Steady Rise

New figures show Turkish property prices are continuing to increase at a steady and sustainable pace. According to REIDIN.com's Turkey Residential Property Price Index sales prices increased 0.83% across the entire country in July compared to June 2011. Istanbul recorded the strongest increase with prices up 1.05% on the month,...

Posted on 17 August 2011

Top of the Props: New System Shows New Trends

As some of you may have noticed we have been doing a lot of work on the Spot Blue website, in fact we have just had the entire site rebuild to observe modern coding standards, and introduce new functionality including social media logins (and registration). Next comes a redesign, ideas...

Posted on 11 August 2011

New System Protects Foreign Heirs’ Real Estate Inheritance

A new system aimed at preventing the heirs of foreigners who own property in Turkey from being fraudulently divested of their inheritance in the event of the deaths of said owners. Antalya Provincial Treasurer Hidayet Mat, said that, although it does not happen often, occasionally foreigners have been cheated out...

Posted on 10 August 2011