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Category Archives: Statistics

Economic growth in Turkey predicted to be double that of other OECD nations

Turkey will see average annual growth of 5.2 per cent between 2012 and 2017, while other OECD members are forecast to grow at 2.4 per cent for the same period, President of the Investment Support and Promotion Agency of Turkey (ISPAT), Ilker Ayci, stated recently. Ayci added that Turkey is the...

Posted on 04 November 2013

Foreign investors in Turkish property predicted to be worth $3 billion during 2013

Property sales in Turkey were up 78.7 per cent in the first half of 2013 compared to last year, a member of Turkey’s Real Estate Investment Trust Association (GYODER) said in October.According to the Anadolu news agency, Isil Gokkaya of GYODER added that Turkey’s new law that has opened up...

Posted on 28 October 2013

Spending power on the Turkish high street fuelling growth in shopping malls

A sign of Turkey’s burgeoning middle class and growing economy, recent statistics show that the retail sector in the country is continuing to flourish and there are now 327 shopping malls in 57 provinces there, employing more than 385,000 people. Turkey’s Shopping Mall Investors’ Association (AYD) also confirmed in October...

Posted on 01 October 2013

August tourist numbers up in Turkey, as national airline carries even more passengers

Foreign visitor numbers to Turkey were up significanty in August compared to last year, while Turkey’s national carrier, Turkish Airlines, confirmed this week that the number of passengers it carried from January to August increased 25 per cent year-on-year. A total of 4.95 million foreigners visited Turkey in August, a...

Posted on 24 September 2013

Turkey in the top 50 most competitive economies in the world

Turkey is ranked 44th in the latest 2013-2014 Global Competitiveness Index (GCI), a table produced by the World Economic Forum (WEF) which assesses 148 economies around the world on their level of productivity according to each country’s institutions, policies and condition of their economy. This represented a fall of one...

Posted on 06 September 2013

Turkish Property 2012 Growth 4th Fastest in World

Turkey continues to blow the world away with its incredible growth and stability. The latest Knight Frank global house price index shows that Turkey was the 4th fastest growing property market in the world last year. The index, which is based on the collation of data from other sources shows...

Posted on 02 April 2013

Istanbul Ranks Top Property Investment 4th Year Running

For those of you who have been living under a rock, Istanbul has been ranked the top city in Europe for commercial property investment for the last 3 years running in PricewaterhouseCooper's report Emerging Trends in European Real Estate in conjunction with the Urban Land Institute. That is to say...

Posted on 04 March 2013

Turkish Foreign Trade Deficit Declined in November

According to figures from the Turkish Statistical Institute, Turkey's foreign trade deficit fell by 5.5% in November, declining from $7.57 billion to $7.16 billion compared to November 2011. In spite of the decline appearing to be quite significant, it didn't impress investors as it was below market expectations. Turkish exports...

Posted on 04 January 2013

Turkey to Clear IMF Debt by April 2013

Turkey is to clear its remaining debt to the IMF by April 2013 according to Prime Minister Erdogan in a statement made last week. “At the present we owe a total of $1.3 billion to the IMF and we will cut it to zero by next April,” Prime Minister Recep...

Posted on 04 October 2012

It Really is a Special Time to Invest in Turkish Property

It really is a special time to invest in Turkish property. We can say that and you have every right to call us biased. However, I would challenge anyone, impartial, unbiased or otherwise to question our reasoning. It is like a perfect storm. A storm that has been brewing and...

Posted on 23 March 2012