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Category Archives: Turkey

Turkey Publishes the Property A (Allowed to Buy) List – Are You On It?

As regular readers will know, the Turkish government recently announced that it had drawn up the list of countries that would be allowed to buy under the new reciprocity-free property law. It took a while for the list to become available to the public, but we have it now. As...

Posted on 17 August 2012

Gulf Big-Hitters (Funds) Planning to Invest Heavily in Turkish Property

We posted earlier this week on the government putting the new law in action and allowing foreigners from dozens more countries – including the gulf states -- to buy property in Turkey. According to a new report from Jones Lang La Salle, many institutional investors (sovereign wealth funds, investment funds...

Posted on 10 August 2012

The New Law is Law – Turkey Welcomes Many New Property Buyers

What a historic day; in years to come they'll ask, where were you when the law came into effect. Nah, that is a bit of an exaggeration, but this is still huge news for the Turkish property market. The Bill to end reciprocity was pushed through parliament and approved earlier...

Posted on 08 August 2012

Turkish Airlines Launches New Edinburgh-Istanbul Flight

More good news for anyone who owns or plans to own property in Istanbul, especially if they come from Edinburgh as Turkish Airlines have launched a new route between the two great cities, flying 4 times weekly from the Istanbul Ataturk hub to Edinburgh international airport. According to Anna Aero's...

Posted on 27 July 2012

Big-Hitting Asian Investment Fund to Bet Big on Turkey

Singapore based Temasek Holding, the 9th biggest investment fund in the world is examining Turkey’s different sectors for investment opportunities, according to daily Sabah. “We are looking for opportunities, we are going to come,” said Nagi Hamiye, who is in charge of Global Industrial Investments for the firm. He said...

Posted on 26 July 2012

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

Turkish Ministry Announces $31 Billion Industrial Zones

The Turkish Minister for science, industry and technology, Nihat Ergun, recently announced the government's plans to establish two major industrial zones in the provinces of Zonguldak and Konya. The cost of these industrial zones is estimated to be around $31 billion.   The decision to establish them has been based...

Posted on 12 July 2012

United Airlines and Turkish Airlines Launch Routes in July

US carrier United Airlines opened July a new flight into Turkey, connecting its New York Newark, NJ (EWR) hub with Istanbul Atatürk (IST) the hub of its Star Alliance partner Turkish Airlines. Flights on the new route operate daily with 183-seat 767-300ER aircraft. Indirect competition at JFK comes from Turkish...

Posted on 06 July 2012

Turkey to Sign Immigration Treaty for Visa-Free Talks

Turkey is hopeful of being able to secure visa free travel for its citizens to Europe within the next few years. If this happens it might give new life to relations between Turkey and the EU. A decision was recently taken by the European Union to open up talks with...

Posted on 29 June 2012