Istanbul’s high street surge in value as global brands fight for retail space

Istanbul’s high street surge in value as global brands fight for retail space

Istanbul’s two main shopping streets are now among the world’s 20 most expensive streets to rent retail space, according to a new report by a leading commercial property consultancy. Rents for retail outlets in the streets of Bagdat Caddesi on Istanbul’s Asian side and Istiklal on the European side are together ranked 20th in a […]

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Fourth busiest European airport and voted ‘best place to meet’ – Istanbul starts 2015 with a bang

Istanbul’s growing status as an international hub was confirmed in January, after statistics confirmed the city now has the fourth busiest airport in Europe while a leading events magazine named it the world’s best meeting destination. Istanbul’s Ataturk Airport saw a staggering 11 per cent rise in passenger numbers in 2014, up to 57 million […]

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Istanbul a tourism priority in 2015, as more foreigners visit Turkey

Promoting Istanbul as a city destination and a place to do business and exhibit are priorities for Turkey in 2015, said the Turkish Culture and Information Office at the World Travel Market in November. Turkey plans to capitalise on Istanbul’s being named the world's top destination in the 2014 TripAdvisor Travellers Choice Awards. Meetings, incentives, […]

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Why two Istanbul districts have the wow factor in the Middle East

Two districts on Istanbul’s European side, namely Bahcesehir and Belikduzu, have become hot spots for Gulf investors purchasing second homes in 2014, said Turkish property specialist Spot Blue International Property in October. Julian Walker, director at Spot Blue International Property, commented: “A large proportion of our clients today are from Saudi Arabia, the United Arab […]

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Why today’s Istanbul is attractive to non-resident Turkish and Arab investors

Turks and Middle Eastern citizens based around the world, including the Americas, who are looking for global investment opportunities could be missing out by not considering modern-day Istanbul and wider Turkey, said Turkey property specialist Spot Blue International Property in September. “In the USA alone there are an estimated 500,000 Turkish Americans,” said Julian Walker, […]

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Celebrity chef Stein to bring the taste of Turkey to Britain’s TV screens

Fans of Turkey and its colourful lifestyle will enjoy a new TV series covering Turkish food and hosted by TV chef Rick Stein, which is scheduled to be broadcast on BBC 2 next year. Turkey’s well known for its beaches, sunshine and exciting culture, and Stein’s new series will help to open more people’s eyes […]

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Rising number of museums helping to drive up Turkey's tourist numbers

Turkey’s appeal to tourists now stretches far beyond its beaches, weather and bazaars, with new statistics showing that annual visitors to the country’s museums and historic sites rose by a staggering 428 per cent between 2000 and 2013. According to the Turkey Museums 2013 report by the Association of Turkish Travel Agencies, 29,533,966 people visited […]

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Demand continues to put upward pressure on Istanbul rents and property prices

Rents in Istanbul have risen by 42 per cent in districts close to the city’s Ataturk Airport, according to recent reports in the Turkish press, which also state property prices there are recording double digit growth per annum. Apartments in Istanbul are said to be in high demand as the summer holiday season kicks in […]

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Buzzing Istanbul continues to attract leading international hotel brands

Istanbul’s status on the global tourism stage moved up a notch this month, following the opening of an iconic new hotel by one of the world's largest hotel companies, American group Choice Hotels International. Choice’s newly built Clarion Hotel & Suites Istanbul Sisli is located between the Levent and Taksim business areas and close to […]

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Istanbul-Ankara high-speed rail link to open in July

A new high-speed rail link connecting the Turkish capital Ankara with the international commercial hub of Istanbul is due to open this month, cutting the journey time between Turkey’s two most important cities to three-and-a-half hours from six. Turkey's Transport Minister Lütfi Elvan has confirmed that the new rail link will be officially opened on […]

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