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Category Archives: Trends

Turkey tops G20 for job creation over last 3 years

27 September 2011, Turkey – According to a recent ILO (International labour Organisation) report over the last 3 years Turkey sits on top of the G20 list for job creation ( Q1 2008 to Q1 2011). The report, produced in conjunction with OECD (Organisation for Economic Co-operation and Development), reported...

Posted on 27 September 2011

Arab Spring Fuels Booming Tourism, Property Sales and Economy in Turkey

The Turkish economy was the fastest growing in the world in the first six months of this year, with GDP growing 8.8% in the year to end June according to the latest data from Turkstat. The Turkish statistical body also revised upwards its first quarter GDP figures, from the 11%...

Posted on 15 September 2011

Turkey’s Foreign Direct Investment continues to climb

14 September 2011 - According to Mr Zafer Caglayan, the Turkish Economy Minister, Turkey’s FDI (Foreign Direct Investment) reached over 9 Billion USD in the 7 months to 31 July 2011 of which over 90% came from EU member states. This figures compares with 4.5 Billion USD for the same period...

Posted on 14 September 2011

British Buyers Still on Top in Flourishing Turkish Property Market

The Turkish property market continues to go from strength to strength. Recent reports have indicated that Russian and Arab buyers are taking over from Brits as the dominant force, but according to official data Brits are still the largest grouping of foreign owners in Turkey as the property market continues...

Posted on 09 September 2011

INSEAD report puts Turkey ahead of the US for innovative exporting

5 September 2011 – In the annual report 'The Global Innovation Index 2011' produced by INSEAD, the leading French business school, Turkey has ranked 11th out of the 125 countries in the Innovative Products Exports section of the report. Commenting on the report, Baybars Altuntas (Chairman of Turkey’s Business Angels...

Posted on 05 September 2011

Middle Eastern Buyers Snapping up Luxury Istanbul Property

According to the estate agents in Turkey, rich Middle Eastern buyers are increasingly interested in expensive property by Istanbul's Bosporus. The recent unrest in North Africa and the Middle East means that investors are viewing Turkey as being a safe haven, and are looking to buy luxurious waterfront villas and...

Posted on 03 September 2011

Merrill Lynch Predicts Strong Growth in Turkey over next 10 Years

In a new report, investment banking giant Merrill Lynch predicts that Turkey will be the fastest growing economy in the EMEA region -- Europe, Middle East and Africa -- the coming 10 years, with fellow emerging markets South Africa and Saudi Arabia not far behind. "Based on an analysis of...

Posted on 02 September 2011

Over 111,000 foreign citizens now own property in Turkey

30 August 2011 - According to recently released figures from Turkey’s Directorate’s Foreigner Affairs Unit’s Land Registry over 111,000 foreigners now own property in Turkey with the UK (over 35,000 British owners) Germany and Greece topping the list. The most popular area for foreigners is the Antalya region (Antalya, Belek,...

Posted on 30 August 2011

Turkey is a Top Destination with Brits Says Travelwatch

According to leading travel website Travelwatch.co.uk, Turkey is the second most searched holiday destination this year, with the available stock rising rapidly to meet the new demand. According to the firm the fact that Turkey is outside the Eurozone continues to be a major draw, because they can get more...

Posted on 26 August 2011

Turkish Property Prices Continue Steady Rise

New figures show Turkish property prices are continuing to increase at a steady and sustainable pace. According to REIDIN.com's Turkey Residential Property Price Index sales prices increased 0.83% across the entire country in July compared to June 2011. Istanbul recorded the strongest increase with prices up 1.05% on the month,...

Posted on 17 August 2011