Menu

Category Archives: Property

Turkish Property Prices Continue to Grow in June

While much of the world's economies and property markets getting seeminly more volatile and risky by the day, Turkish property prices continue to grow at the same steady rate (about 10% year on year), making it a great choice for investors looking to dial down on risk. Turkish property prices...

Posted on 19 July 2012

Foreigners Purchase Record Amount of Property in Turkey in May

Many of you will remember our previous posts on the new Turkish property law removing the reciprocity requirement for foreign buyers. The last one we wrote was jubilantly titled The Law is Passed – More Foreigners Can Buy More Property in Turkey. In previous articles we have shared the consensus...

Posted on 18 July 2012

Saudi Prince Enjoying the Delights of Bodrum in his Yacht

We have just learned that a Saudi prince (we don't know who as yet) is cruising in his Yacht off the coast of Bodrum, perhaps as a precursor to buying a property in the area, as Turkey has recently relaxed laws paving the way for Arabs to be allowed to...

Posted on 04 July 2012

Erdogan Set to Make Good on New City Promise

The Turkish Prime Minister, Recep Tayyip Erdogan promised as part of his Parliamentary campaign last year, to create a new city. The city is being planned for the northern coast of Istanbul, and is expected to help boost Istanbul's economy. Apparently the government has already begun work on the plan...

Posted on 09 June 2012

Turkey Again Named as Top Investment Choice in Europe

Marketwatch has just ran a story profiling Turkey and Poland as Europe's two investment beacons for the next few years; suggesting that investors get in now if they want to get in early. Of course, this is not a new position for Turkey, as the country has been named one...

Posted on 24 May 2012

Tourism Ministry Reports Strong Growth in Arab Visitor Numbers

The Arab invasion has begun. Kidding of course, but according to a new report from the Turkish ministry for culture and tourism the number of Arab tourists has grown rapidly this year. The ministry reports that visitors from qatar in the first four months of the year doubled compared to...

Posted on 18 May 2012

Turkey Becomes Mover in European Real Estate Investment

Despite Istanbul being named the most promising city for real estate investment 2 years running by PricewaterhouseCooper, in reality the country is still on the fringes of international real estate investment, not least because Turkey's debt rating, one level below investment grade is a hurdle preventing large global funds from...

Posted on 10 May 2012

The Law is Passed – More Foreigners Can Buy More Property in Turkey

Regular readers of this blog and most other sources remotely relating to Turkey or overseas property would only have needed the first part of the title to know what we meant. The Turkish Parliament has been discussing a new property law, to end reciprocity as a barrier to foreign buyers...

Posted on 04 May 2012

The Turkish Real Estate Industry is Great Says Trump

“The [Turkish] real estate industry is great.” Those aren't my words, but the words of one of the world's most successful (by a lot of measures not least wealth) businessmen Donald Trump. When asked if he foresaw any ballooning in the Turkish real estate market Trump answered: “I think the...

Posted on 27 April 2012

Turkish Government Passes New Law Allowing More Construction

The Turkish government recently passed a new law which will allow a parcel of land known as 2B to be used for construction. This land was formerly classified as a forest and covers 4.1 million acres and is in areas where agricultural and construction activity was previously banned by the...

Posted on 26 April 2012