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Category Archives: Istanbul

Turkey’s real estate sector in global spotlight at international property show

Turkish property has once again been a highlight at the world’s largest trade property exhibition, namely MIPIM and taking place in France 11th-14th March, after Turkey was chosen as one of three Countries of Honour for the second year running.Testament to the global interest in property in Turkey, more than...

Posted on 13 March 2014

Istanbul’s Big Breakfast Experience

Istanbulites don’t need online men’s lifestyle magazine Thrillist (www.thrillist.com) to tell them that the Turkish breakfast is one of the world’s best. In fact most would, with justification, take issue with being silver-medalist to Venezuela’s gold. Fat, succulent olives picked in Aegean groves, piquant garlic sausage from the heart of...

Posted on 05 March 2014

Foreign investment in Turkey remains strong, with Europe its most important trading partner

Turkey’s attraction to foreign investors and businesses remains strong, after figures from the Turkish Ministry of Finance revealed that foreign direct investment (FDI) into the country in 2013 totalled $12.686 billion.Capital inflow accounted for $10.1 billion while real estate purchases by foreigners exceeded $3 billion. The European Union remained Turkey’s...

Posted on 04 March 2014

House sales up by 65 per cent in 2013, with Antalya a favourite with foreigners

Foreigners bought more than 12,000 properties in Turkey during 2013, with the southern province of Antalya attracting the highest number of sales to non-Turks.Figures released by Turkey’s Statistical Institute (TurkStat) showed that of the 1.157 million properties sold in the country last year, 5,548 were to foreigners in Antalya, 2,447...

Posted on 26 February 2014

Istanbul’s British Connections

Many of the ten million or so visitors Istanbul attracts annually are lured by its long, exotic past. The soaring, mosaic-encrusted dome of the Haghia Sophia, surmounting what was once the greatest church in Christendom, is a reminder of a time when the city was the heart of the Byzantine...

Posted on 19 February 2014

Istanbul’s largest ever office lease signals healthy 2014 for commercial sector

A New Year’s boost for Istanbul’s commercial real estate sector is the announcement that Colliers International has pre-leased what it claims is the largest-ever office lease recorded in Turkey, namely over 60,000 square metres of the Torun Tower, on behalf of Torunlar REIT. The space has been leased to Denizbank,...

Posted on 11 February 2014

Fourth airline to link the UK and Istanbul in summer 2014

The choice of flights to Istanbul from the UK will get greater in summer 2014, thanks to Istanbul based airline AtlasJet announcing new scheduled flights to London Luton. Kicking off its UK service, AtlasJet will launch new flights on 2nd May, with a four times weekly service from Istanbul Atatürk...

Posted on 27 January 2014

Istanbul: A brief tale of many cities

Watching the visually stunning “Byzantium: A Tale of Three Cities”, first screened on BBC 4 towards the end of 2013, makes for a better introduction than most to one of the world’s most compelling cities, Istanbul. Its presenter, the erudite historian and writer Simon Sebag Montefiore, is an engaging companion,...

Posted on 21 January 2014

More air passengers touch down in 2013, as taste for Turkey keeps on growing

A hike in Turkey’s air traffic meant passenger numbers hit record levels in 2013, confirming the country’s growing popularity in the world as a place to visit and do business.Turkey’s Minister for Transport confirmed in January that the number of air passengers passing through the country last year exceeded 150...

Posted on 14 January 2014

“Turkey’s spectacular growth shows no signs of slowing,” leading economist tells the BBC

Goldman Sachs chief economist Jim O’Neill highlighted the spectacular growth that Turkey has undergone in recent years during a Radio 4 documentary this week, adding that there are no signs of the country’s economy taking its foot off the gas.O’Neill was visiting Turkey as part of his tour of the...

Posted on 10 January 2014