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Category Archives: Istanbul

Why Turkey’s MINTy taste makes it an emerging economic powerhouse

Turkey has been named one of four emerging economic giants in the world by a leading economist at investment bank Goldman Sachs, boosting its appeal to foreign property investors during 2014. Economist Jim O’Neill, who created the BRIC acronym which in 2001 identified Brazil, Russia, India and China as the world’s...

Posted on 06 January 2014

Global hotel group grows presence in “exciting and dynamic” Turkey

Internationally acclaimed hotel group Hilton Worldwide signed agreements on a further four hotels in Turkey in December, bringing its portfolio in the country to 24 trading properties and 25 in its development pipeline. This latest announcement sees Hilton Worldwide expand its existing presence in Istanbul and the port city of...

Posted on 23 December 2013

Turkish economy remains bullish as Turkey and the UK strengthen trade ties

Turkey’s economy beat expectations in the third quarter of 2013, recording 4.4 per cent quarter-on-quarter growth and continuing on its growth track for the 16th consecutive quarter, according to official data. This latest statistic means Turkey is one of the top 10 fastest growing economies in the world. The country’s...

Posted on 13 December 2013

Gulf and Russian investors lead rise in foreign interest in Turkey, says Spot Blue International Property

Interest in Turkish real estate is surging as 2013 comes to a close, according to Turkey property specialist Spot Blue International Property, which is experiencing a dramatic rise in visits to its website, spearheaded by Russian and Arabian investors.  For the three months to the end of November 2013, Spot...

Posted on 11 December 2013

Property prices in Turkey rising at sixth highest rate in the world

Turkey is ranked sixth – three places above the next European country, Germany - in the latest House Price Index for the third quarter of 2013 compiled by an international property consultancy. According to Knight Frank’s quarterly index, house prices in Turkey were 12.5 per cent up in the third...

Posted on 09 December 2013

New air routes connect Istanbul with North American and North African continents

Turkey’s aim to become one of the best connected countries by air globally continues to take shape, with the announcement and launch this month of new routes to Canada and Algeria. Turkish Airlines will begin operating out of Canada’s Montréal-Trudeau airport in June 2014. A Star Alliance member, Turkey's national...

Posted on 26 November 2013

World Bank President labels Turkey an “inspiration” and opens Islamic finance hub in Istanbul

Turkey has taken a step closer to becoming an important player on the global economic stage, following the opening of the Global Center for Islamic Finance in Istanbul on 30th October by World Bank Group President Jim Yong Kim. Jim Yong Kim was accompanied by Turkish Deputy Prime Minister Ali...

Posted on 22 November 2013

Turkey talks shop – demand for shopping space there now one of Europe’s highest

Highlighting Turkey’s growing middle class and its appetite for a consumer lifestyle, the country completed the second largest amount of new shopping space anywhere in Europe during the first half of 2013. The number one spot was taken by Russia. A report by international property consultancy Cushman Wakefield also showed that...

Posted on 19 November 2013

Turkey’s foreign ownership laws get even friendlier in 2013, signalling a bumper 2014

A raft of new rules governing property ownership in Turkey have made the country increasingly attractive to foreigners in 2013, laying the foundations for continued growth in the property market there in 2014, said Turkey property specialist Spot Blue International Property in November.Turkey’s most recent law change favouring foreign buyers,...

Posted on 18 November 2013

Spot Blue appears in Telegraph article about Istanbul tunnel

A recent article by the UK newspaper the Daily Telegraph, which outlines how the new Marmaray rail tunnel in Istanbul will attract more foreign businesses, features Spot Blue and includes quotes by Director Julian Walker, illustrating the firm’s increasing prominence in the region.In the article, Mr Walker says: “In areas...

Posted on 11 November 2013