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Category Archives: Istanbul

Plans Unveiled for New Ataturk Cultural Centre in Taksim Square

This week, President of Turkey, Recep Tayyip Erdogan unveiled plans for the new Ataturk Cultural Centre in Taksim Square, Istanbul. The old Ataturk Cultural Centre that many officials said was ugly and unsafe will be demolished, and work will begin on the new building with plans for it to open...

Posted on 14 November 2017

Istanbul’s Drive to Promote Electric Taxis

Turkey’s news agency Anadolu has reported that by the end of 2017, 200 electric taxis will be working in Istanbul, the largest and busiest city in the country. The announcement, made by Yahya Ugur, who heads the Istanbul Chamber of Taxi Drivers (ITEO) happened at a publicity event in front...

Posted on 10 October 2017

Turkey Kicks Off its Opera and Ballet Festivals for 2017

The opera and ballet festival season has started in Turkey, marking three prominent sets of concerts and shows that are expected to earn high admiration and sell out performances. Arts have been a focal feature of Turkish society since the formation of its republic in 1923, yet thanks to the...

Posted on 21 June 2017

City Gears up for Istanbul Shopping Fest

Istanbul, the largest city in Turkey, is gearing up for its annual shopping fest running from the 1st to the 16th of July. This will be the seventh year of showcasing the ultimate experience in a city responsible for much of the trade, business, tourism, education and finances industries of...

Posted on 14 June 2017

Why Turkey’s ‘Golden Visa’ scheme could be a boost for its foreign property market

Turkey’s real estate market is poised for a turnaround in international sales this year, thanks to a new citizenship law for foreign investors, said Spot Blue International Property in January, adding that the weakness of the Turkish lira will add to the appeal of investing in Turkish property. Foreigners who...

Posted on 24 January 2017

Signs of turnaround in Turkish market after summer of unrest

Confidence is returning to Turkey’s property market after the drop-off caused by the failed July coup, said Spot Blue International Property in October, adding that house sales rose strongly in August compared to the previous month, spearheaded by Istanbul and popular tourist resorts. New figures from the Turkish Statistical Institute...

Posted on 10 October 2016

Turkey tops the global rankings for house price growth in first half of 2016

Two independent surveys have confirmed Turkey’s property market as one of the best performing in the world during the second quarter (Q2) of 2016. Turkey topped Knight Frank’s Global House Price Index for Q2 2016, boasting house price growth of 13.9 per cent between Q2 2015 and Q2 2016. In...

Posted on 21 September 2016

Turkey flies above turbulence of EU Referendum

Turkey’s omission from the European Union together with its bullish economy and buoyant property market should make it an attractive destination to foreign investors both before and after the EU Referendum, said Spot Blue International Property in June, adding that Istanbul remains the country’s key investment hub. “Whatever the outcome...

Posted on 22 June 2016

More cranes break Turkey’s horizon as its construction sector keeps growing

Turkey’s appetite for building new homes is showing no signs of slowing down, according to recent figures by the Turkish Statistical Institute (TURKSTAT), which show the construction sector grew its turnover by 4.5 per cent in the last quarter of 2015 compared to the previous quarter. Year-on-year, this growth rises...

Posted on 28 April 2016

Istanbul flying high as one of the world’s busiest air hubs

Turkey is now home to the eleventh busiest airport in the world, according to new statistics by the Airports Council International (ACI). The ACI’s preliminary passenger traffic results for the most-travelled airports in 2015 show that Istanbul’s Ataturk Airport has got busier, moving to 11th position from 13th the year before....

Posted on 21 April 2016