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Category Archives: Forecasts

AKP’s election victory seen as positive for Turkish property market

The result of Turkey’s November 1 election saw the country’s Justice and Development Party (AKP) win back its majority in the Turkish Government and as a result inject confidence into the country’s markets and currency. Instability and uncertainty had prevailed in Turkey after the inconclusive election in June, which saw...

Posted on 02 November 2015

Strong tourism and FDI signal promising 2015 for Turkey

The first half of 2015 has fuelled international confidence in Turkey with its popularity growing on two fronts, namely as a tourist destination and a centre for foreign investment, according to reports out in May. The Association of Turkish Travel Agencies (TÜRSAB) said last month it expects an influx of...

Posted on 02 June 2015

Istanbul’s rising financial status to bolster Turkey’s bullish market in 2015

The Turkish real estate sector enters 2015 with high expectations thanks to the market ending 2014 with plenty of momentum and continuing signs of interest from foreign buyers. As December came to a close Turkey’s property sector was on course to completing a record-breaking year in terms of housing purchases...

Posted on 31 December 2014

Istanbul a tourism priority in 2015, as more foreigners visit Turkey

Promoting Istanbul as a city destination and a place to do business and exhibit are priorities for Turkey in 2015, said the Turkish Culture and Information Office at the World Travel Market in November. Turkey plans to capitalise on Istanbul’s being named the world's top destination in the 2014 TripAdvisor...

Posted on 10 November 2014

IMF predicts continued economic growth in Turkey

Turkey’s economy has grown by six per cent on average since 2010 and is set to continue growing albeit at a moderate pace, according to a report by the International Monetary Fund.An IMF team visited Turkey between September 11 and 24 and carried out its annual evaluation of the economy....

Posted on 06 October 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. PropertySales to foreigners in Turkey rose 60 per cent year-on-year...

Posted on 01 August 2014

Five reasons Erdogan’s re-election could help Turkey reach new heights

The re-election of Prime Minister Recep Tayyip Erdogan and his AK Party in Turkey has been welcomed by foreign investors, and should help to maintain healthy conditions for growth in the country’s real estate and tourism sector, said Turkish property agency Spot Blue International Property in April. “Continuity is important...

Posted on 04 April 2014

Turkey’s Antalya booms as tourist destination, while more Turks start to travel abroad

The city of Antalya on Turkey’s southern Mediterranean coast welcomed 12 million visitors in 2013, the highest number ever recorded anywhere in Turkey, according to the country’s Ministry of Culture and Tourism.Tourist numbers from Russia, China and Germany were especially high last year in Antalya, where the Turkish government has...

Posted on 22 January 2014

Turkey to be world’s 12th largest economy by 2028, says leading economic analyst

Turkey is currently the 17th largest economy in the world but will climb steadily over coming years to reach 12th position by 2028, according to the latest World Economic League Table (WELT) by the Center for Economics and Business Research (CEBR), a leading economic analyst. The CEBR report also predicts...

Posted on 01 January 2014

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