Three Turkish Cities Join UNESCO Creative Cities Network

Three Turkish Cities Join UNESCO Creative Cities Network

A statement published by UNESCO has confirmed that three more Turkish cities have been added to their Creative Cities Network bringing the total to four. The south-eastern province of Gaziantep was accepted in 2015 and has now been joined by Istanbul, Hatay and Kutahya after their applications submitted in 2016 were approved in October of […]

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Turkey Outranks UK on HSBC Expat Explorer Survey

Last month, HSBC released the 2017 results of their annual Expat Explorer Survey and in a surprising twist of events, Turkey outranked the UK has a favoured destination. Rising five positions from 39 in 2016 to 34 in 2017, it overtook the UK which dropped a massive 13 positions from 22 in 2016 to 35 […]

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International estate agent makes buying and selling in Turkey easy for one British couple

A British couple have been rewarded for their loyalty to Spot Blue International Property after the international estate agent found buyers for their villa in Turkey eight years after finding them the perfect plot for the property. David and Barbara Barber from Northern Ireland completed the sale of their villa, located in the Calis area […]

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Turkish-German Consortium Wins Turkey’s Wind Power Tender

All eyes of the global wind energy sector are now on Turkey after it held an auction that could well revolutionise the country's power industry in future years. A consortium, consisting of German firm Siemens Gamesa and Turkish partners Turkerler and Kalyon, won a tender, put at $1 billion, to provide wind turbines in five […]

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Why Britons’ hunger for Turkey is returning in 2017

Britons are helping to drive Turkey’s tourism and resurging foreign property market this year, with the country celebrating a 22 per cent year-on-year hike in the number of foreigners it welcomed in the first seven months of 2017, said Spot Blue International Property in September. In July alone, the number of foreign tourists visiting Turkey […]

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Saudi Royalty Arrives in Bodrum with 300 Suitcases

Staying true to its long-established reputation as playground of the rich and famous, the Bodrum region of Turkey, is this week hosting the Prince Talal bin Abdulaziz Al Saud, a member of the Saudi royal family, visionary investor, and avid philanthropist, worth 18 billion dollars. Arriving at Bodrum airport on his private jumbo jet, the […]

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It’s a clean sweep for Spain in awards for clean beaches

Spain’s unrivalled choice of clean, well-maintained beaches has been highlighted by the latest Blue Flag Awards, said property specialist in May, adding that the Costa Blanca in particular should be celebrated for its number of quality beaches, making homeownership there even more appealing. Blue Flag status has been granted to 579 beaches in Spain […]

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Foreigners now exempt of VAT when buying property in Turkey

The Turkish Government has abolished VAT on property purchases for foreign buyers, as the country attempts to attract more international investors. The new law means that foreigners are exempt of VAT on the purchase of either a house or office in Turkey, with the condition that they make their acquisition payment in a foreign currency […]

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Dip in foreign sales in 2016 fails to dampen Turkish market as a whole

Turkey recorded more property sales in 2016 than in 2015, according to the latest figures from the Turkish Statistical Institute, signalling an ongoing strength in the market. Looking closer, house sales in Turkey increased four per cent year-on-year in 2016, reaching 1.34 million. Unsurprisingly, Istanbul attracted the highest share of sales, namely 232,428 transactions which […]

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Turkey’s domestic property market shows resilience during September

House sales in Turkey increased by 17.8 per cent in September compared with the same month last year, according to the latest Turkish Statistical Institute (TurkStat) report. Sales to foreign buyers fell by 27.8 per cent year-on-year in September, but compared to the previous month the fall was just 15 per cent. The Antalya province, […]

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