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Category Archives: Istanbul

Jump in foreign sales and tourist numbers signals strong Turkish market

Turkey continues to be flavour of the month with foreign property-buyers, following a record number of purchases by non-nationals in May and consistent growth for the first five months of 2015. Turkish property purchases by overseas investors were up 21.3 per cent in May compared to the same month in...

Posted on 21 July 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

Turkey ranked No. 2 for growth by ‘The Economist’, and celebrates MIPIM and new Gulf property fund

Property prices in Turkey are growing at the second highest rate of all major world economies, according to the latest House-Price Indicator by leading publication ‘The Economist’, which is encouraging news for investors in Turkish real estate. The Indicator chart, published in April, showed that by the start of 2015...

Posted on 01 May 2015

Istanbul’s ‘mansion’ market a growing hit with Middle Eastern buyers

The Gulf’s love affair with property in Turkey and in particular Istanbul is as strong as ever, following the purchase of the country’s most expensive waterside mansion for €100million by a Qatari owned firm. The 5,800-square-metre, 64-room house, known as Erbilginler Yali, is situated on the banks of Istanbul's Bosphorus...

Posted on 14 April 2015

Interest in Turkey driving air passenger numbers to new heights in 2015

Air travel in Turkey, both domestic and international, continues to surge in 2015, with the country’s national carrier reporting increased traffic and an increased global market share during 2014. Proof of Turkey’s rising popularity around the world, the number of international flights in and out of the country rose 8.4...

Posted on 08 April 2015

Foreigners and finance availability driving Turkey’s market in 2015

The Turkish property market is gaining momentum in 2015, according to recent statistics that show sales in February were up a hefty 15 per cent compared to the same month in 2014, with mortgage availability driving much of this growth. Figures released by the Turkish Statistical Institute (TurkStat) reveal that...

Posted on 26 March 2015

Istanbul’s high street surge in value as global brands fight for retail space

Istanbul’s two main shopping streets are now among the world’s 20 most expensive streets to rent retail space, according to a new report by a leading commercial property consultancy. Rents for retail outlets in the streets of Bagdat Caddesi on Istanbul’s Asian side and Istiklal on the European side are...

Posted on 06 March 2015

Turkey records rising number of foreign purchases and prepares for international property expo

Turkey’s popularity with overseas investors and visitors is as strong as ever, according to new figures that show year-on-year rises in the total number of tourists and property purchases by non-residents there in 2014. Foreign property purchases increased by a staggering 55.6 per cent in last year compared to 2013,...

Posted on 17 February 2015

Brits to benefit from better air access to Turkey’s Mediterranean coast in 2015

New summer flights to south-west Turkey will make beach resorts there more accessible to British people, helping to raise awareness of the region and fuel interest in Turkish property in 2015, said Spot Blue International Property in February. In a sign of confidence for the region, British Airways is launching...

Posted on 11 February 2015

Fourth busiest European airport and voted ‘best place to meet’ – Istanbul starts 2015 with a bang

Istanbul’s growing status as an international hub was confirmed in January, after statistics confirmed the city now has the fourth busiest airport in Europe while a leading events magazine named it the world’s best meeting destination. Istanbul’s Ataturk Airport saw a staggering 11 per cent rise in passenger numbers in...

Posted on 27 January 2015