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Category Archives: Economy

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

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

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

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

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

Turkey Set to Become Top Economy in OECD

According to the latest predictions of the Organisation for Economic Cooperation and Development (OECD) Turkey is set to post the second highest GDP growth in the organisation next year, it said in its "Employment Outlook 2013" report. In the report Turkey was named as one of the few countries that...

Posted on 24 July 2013