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Category Archives: Statistics

Turkish GDP Grows 10.3% in Second Quarter – 3rd Fastest in World

This week saw Turkstat release figures for Turkish Gross Domestic Product growth in the second quarter and we have not been disappointed -- not by much anyway. According to Turkstat, Turkish GDP grew 10.3% year on year in the second quarter, following the massive 11.7% year on year growth recorded...

Posted on 15 September 2010

Turkish Economy Powering Forward as one of Hottest Emerging Markets

Turkey is continuing to drive forward on its path to one of the world's greatest emerging markets. Analysts believe the economy grew 10% in the first half of the year. And reports have emerged that this growth is continuing to fuel employment growth. The air transportation industry has been an...

Posted on 03 September 2010

Turkish Central Bank Leaves Rate Unchanged

The Turkish Central Bank’s Monetary Policy Board kept the benchmark interest rates unchanged Thursday, with the overnight borrowing rate at 6.50 percent and lending rate at 9 percent. This is positive news for anyone considering buying a property in Turkey. Because Turkey made banking reforms in the 2001 crisis, liquidity...

Posted on 20 August 2010

H1 Data on Turkish Tourism Figures Positive

The latest data from the Turkish tourism ministry confirms that revealed by Turkstat several days ago and covered on this blog, but with some interesting facts picked out. According to the ministry while Germany continued its reign as biggest tourism market, with 1.68 million visitors in the first half of...

Posted on 10 August 2010

Turkish Airports See 24% Growth in Passenger Numbers this year

The phenomenal growth in Turkish air travel has continued according to the latest reports. According to the latest data that 44.3 million passengers went through Turkish airports between January and June this year, a 23.7%growth on the same period of last year. This follows the 7.3% year on year growth...

Posted on 05 August 2010

Tourism Growth Accelerating as Year Progresses – Turkstat

The latest release of data from Turkstat shows, not only that tourism is up this year on last year, but, more importantly that tourism revenues have increased by a substantial margin -- this is of course more important, because it has been a major aim of the authorities to attract...

Posted on 31 July 2010

Global Investors Pre-emptively Rate Turkey Investment Grade

It seems that global investors are acting on the basis that the rating agencies will imminently upgrade Turkey's debt rating to investment grade. This belief comes from the fact that it currently costs as much to insure Turkish debt against default as it does to insure debt of Russia in...

Posted on 01 July 2010

Turkish Growth Makes it the Hottest Property in Europe

While it is not exactly an OMG moment it is certainly significant that Turkish property has just been given a recommended investment rating by Global Property Guide in its Mid 2010 report. In fact, it was the recommended investment location for Europe. The report is focussed on residential investment, in...

Posted on 17 June 2010

Turkish Mortgage Demand Doubles in May – Conti

Overseas mortgage provider Conti has revealed massive growth in demand for Turkish mortgages. Conti has said that demand for mortgages for Turkish property has been growing steadily over the past year, but that quotes doubled in May compared to April. This is the biggest sign we have had that growth...

Posted on 10 June 2010

Turkish Visa-Free with Syria Deal Opens South to New Trade Expansion

I just read a great article in the Financial Times, highlighting the massive amount of Syrians that are shopping in the Sanko Park shopping mall in Gaziantep, the first stop for high end shopping that they come to after crossing into Turkey through its southern border. According to the article,...

Posted on 22 May 2010