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Category Archives: Istanbul

Landmark new Istanbul airport to be named after President Erdogan

Istanbul’s iconic third airport, set to be the largest in the world once completed in 2018/19, will be named after the country’s new president-elect, Recep Tayyip Erdogan.The new airport is expected to serve 150 million passengers per year, replacing Turkey’s current main air hub in Istanbul, which is named after...

Posted on 14 August 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

Rising number of museums helping to drive up Turkey’s tourist numbers

Turkey’s appeal to tourists now stretches far beyond its beaches, weather and bazaars, with new statistics showing that annual visitors to the country’s museums and historic sites rose by a staggering 428 per cent between 2000 and 2013. According to the Turkey Museums 2013 report by the Association of Turkish...

Posted on 28 July 2014

Demand continues to put upward pressure on Istanbul rents and property prices

Rents in Istanbul have risen by 42 per cent in districts close to the city’s Ataturk Airport, according to recent reports in the Turkish press, which also state property prices there are recording double digit growth per annum. Apartments in Istanbul are said to be in high demand as the...

Posted on 22 July 2014

Istanbul attracts world’s 7th highest number of international travellers

Istanbul is among the 10 most popular cities in the world, according to Mastercard’s 2014 Global Destination Cities Index, which ranks the world’s most travelled cities by international overnight visitors.The iconic Turkish city came seventh out of 132 cities assessed in the Index, with an estimated 11.6 million visitors during...

Posted on 16 July 2014

Buzzing Istanbul continues to attract leading international hotel brands

Istanbul’s status on the global tourism stage moved up a notch this month, following the opening of an iconic new hotel by one of the world's largest hotel companies, American group Choice Hotels International.Choice’s newly built Clarion Hotel & Suites Istanbul Sisli is located between the Levent and Taksim business...

Posted on 15 July 2014

Turkish economy continues on growth path in 2014-15, according to OECD

Turkey’s economy will grow stronger in the coming years, according to a statement released by the OECD in July, news that should encourage more foreign investors to the country.The OECD, which conducted a survey about the Turkish economy, said that Turkey’s short-term economic outlook has improved, and that buoyed by...

Posted on 11 July 2014

Istanbul-Ankara high-speed rail link to open in July

A new high-speed rail link connecting the Turkish capital Ankara with the international commercial hub of Istanbul is due to open this month, cutting the journey time between Turkey’s two most important cities to three-and-a-half hours from six.Turkey's Transport Minister Lütfi Elvan has confirmed that the new rail link will...

Posted on 08 July 2014

Foreign appetite for a slice of Turkey increasing during 2014

Interest in Turkish property is showing no signs of easing off in 2014, after data from the Turkey’s Ministry of Economy showed a record 42 per cent year-on-year increase in real estate purchases by foreign nationals during the first four months of the year.Foreigners purchased real estate worth $1.26billion in...

Posted on 03 July 2014

Turkey gains two more World Heritage Sites

Turkey’s rich culture has been recognised at the latest UNESCO World Heritage Session, after the country was granted two new World Heritage Sites bringing its total number to 13.The first new Site in Turkey is the Birth of the Ottoman Empire at Bursa and Cumalıkızık in the southern Marmara Region....

Posted on 24 June 2014