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Category Archives: Property

Turkish Property Becoming the Popular Choice for Professional and Private Investors

Turkey’s Istanbul Real Estate Investment Trust saw returns increase by 3.2% in January, a month when REITs across Europe (with a few exceptions) saw returns from REITs falling. This is just the latest in a long line of reasons why more and more property investors are turning to Turkey in...

Posted on 12 February 2010

Hilton to Open 15 New Hotels in Turkey

In one of the biggest testaments to the potential for growth in Turkish tourism to date; Hilton Hotels has announced that it will open 15 new hotels in Turkey. Hilton already has 9 hotels in Turkey, having been the first international hotel chain to invest in Turkey over 55 years...

Posted on 15 January 2010

Turkish New Home Sales up 24% on Last Year

Home sales in the first nine months of this year, were an incredible 24% higher than in the same period last year, according to the Real Estate Investing Partners Association (GYODER/ GYODER said that the cuts in title deeds fees and the Turkish equivalent to VAT (KDV) had played a...

Posted on 31 December 2009

Turkey Tourism: 2010 to be the Year of Patara

Patara in Turkey has ranked 4th in the TripAdviser top 5 World Destinations for 2010. Patara is known around the world for its 12 mile-long beach which has been made into a national park. The coastline at Patara has been an important piece of ground since Roman and Lycian times,...

Posted on 23 December 2009

Turkish Stocks Upgraded to Overweight by JP Morgan Chase & Co

Turkish stocks have been upgraded from neutral to "overweight" by major investment group JPMorgan Chase & Co. The group believes that the Turkish economy will recover faster than most emerging markets in 2010, though Turkish economy minister Ali Babacan's statement that a deal with the International Monetary Fund was on...

Posted on 03 December 2009

Turkey Central Bank Cuts Rates Again, Borrowing now at Record Low

The Turkish central bank has cut the key interest rate even further in a bid to shore up the recent economic upturn. The CB cut rates by a further 25 basis points, bringing borrowing rates down to a record low of 6.50 percent and lending rates to 9 percent. This,...

Posted on 27 November 2009

Turkish Property Offering Best Value for Money Brits can Find – added value from weak Lira

The pound is currently surging against the Turkish Lira. It has not gone below 1.45TRY in over a week now. That means that Turkish property is now fluctuating between 9% and 11% cheaper to British buyers than it was in April. Little wonder then that demand for Turkish property is...

Posted on 26 November 2009

The Future is Bright for Turkish Property

The future is bright for Turkish property, according to the consensus of opinion. It is hard to find a report that forecasts anything but continually increasing demand for holiday lets as tourism rises, and solid capital growth in the next few years. A recent article in Country Life, one of...

Posted on 14 November 2009

Spot Blue talk to Hurriyet on How to Safely Buy Property in Turkey

The interview we did with Hurriyet daily news, when they dropped by the office 2 weeks ago, has been published in the newspaper today. We have decided to blog about it -- okay partly for a bit of free-Friday shameless promotion and back-pattery -- because the article raises some very...

Posted on 13 November 2009

Saudi Arabian Minister Meets with Turkish President – likely to Discuss Increasing Trade

Turkish President Abdullah Gül received Saudi Arabia's minister of state in Ankara on Friday. Gül and Saudi Arabia's Minister of State for Foreign Affairs Dr. Nezar Obeid Medani had a closed-door meeting at the Çankaya Presidential Palace. This is in return for a visit to Saudi Arabia by Gül in...

Posted on 30 October 2009