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Turkey ranked No. 2 for growth by ‘The Economist’, and celebrates MIPIM and new Gulf property fund

Property prices in Turkey are growing at the second highest rate of all major world economies, according to the latest House-Price Indicator by leading publication ‘The Economist’, which is encouraging news for investors in Turkish real estate. The Indicator chart, published in April, showed that by the start of 2015...

Posted on 01 May 2015

Turkey on course to becoming a key player in golf resort development

Turkey now offers some of the best opportunities in Europe to invest in golf property, boosted by the launch this year of an initiative to grow its share of the golf tourism market, said Spot Blue International Property in April. Integrated golf resort developments in Turkey have the second strongest...

Posted on 22 April 2015

Istanbul’s ‘mansion’ market a growing hit with Middle Eastern buyers

The Gulf’s love affair with property in Turkey and in particular Istanbul is as strong as ever, following the purchase of the country’s most expensive waterside mansion for €100million by a Qatari owned firm. The 5,800-square-metre, 64-room house, known as Erbilginler Yali, is situated on the banks of Istanbul's Bosphorus...

Posted on 14 April 2015

Interest in Turkey driving air passenger numbers to new heights in 2015

Air travel in Turkey, both domestic and international, continues to surge in 2015, with the country’s national carrier reporting increased traffic and an increased global market share during 2014. Proof of Turkey’s rising popularity around the world, the number of international flights in and out of the country rose 8.4...

Posted on 08 April 2015

Foreigners and finance availability driving Turkey’s market in 2015

The Turkish property market is gaining momentum in 2015, according to recent statistics that show sales in February were up a hefty 15 per cent compared to the same month in 2014, with mortgage availability driving much of this growth. Figures released by the Turkish Statistical Institute (TurkStat) reveal that...

Posted on 26 March 2015

Wake up and smell the pines – inland homes add a serene option to Turkey’s property offering

Mountainside villages within a short drive of the beach are emerging as popular spots for second homes in Turkey, said Spot Blue International Property in March, adding that many older foreign buyers prefer to be based away from the busier coastal resorts. “Turkey has built a name for itself as...

Posted on 13 March 2015

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...

Posted on 06 March 2015

Turkey records rising number of foreign purchases and prepares for international property expo

Turkey’s popularity with overseas investors and visitors is as strong as ever, according to new figures that show year-on-year rises in the total number of tourists and property purchases by non-residents there in 2014. Foreign property purchases increased by a staggering 55.6 per cent in last year compared to 2013,...

Posted on 17 February 2015

Brits to benefit from better air access to Turkey’s Mediterranean coast in 2015

New summer flights to south-west Turkey will make beach resorts there more accessible to British people, helping to raise awareness of the region and fuel interest in Turkish property in 2015, said Spot Blue International Property in February. In a sign of confidence for the region, British Airways is launching...

Posted on 11 February 2015

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...

Posted on 27 January 2015

Spot Blue adds a sparkle to Turkish property with cutting edge new website

Finding quality property for sale in Turkey has got much easier for international buyers in 2015, following the upgrading and relaunch of Spotblue.com, the website belonging to Turkish property specialist Spot Blue International Property. The new version of Spotblue.com, which went live in January, gives visitors instant access to one...

Posted on 13 January 2015

Istanbul’s rising financial status to bolster Turkey’s bullish market in 2015

The Turkish real estate sector enters 2015 with high expectations thanks to the market ending 2014 with plenty of momentum and continuing signs of interest from foreign buyers. As December came to a close Turkey’s property sector was on course to completing a record-breaking year in terms of housing purchases...

Posted on 31 December 2014

Why buoyant economic conditions will fuel further appetite for Turkish property in 2015

Rising foreign demand, record levels of tourism and healthy economic conditions throughout 2014 mean Turkey should expect further growth in its real estate market in 2015, said Turkish property specialist Spot Blue International Property in November. House sales to foreigners in the first ten months of 2014 increased 66 per...

Posted on 28 November 2014

Istanbul to get more Qatar flights and improved Ataturk Airport

Istanbul is to get more accessible from the Middle East, following the announcement that Qatar Airways will expand its existing service between Qatar and Istanbul’s Sabiha Gökçen Airport, increasing the frequency to a double-daily service. With the launch of the new daily service, which kicks off on 29th March 2015,...

Posted on 24 November 2014

Property prices and foreign buyers still rising in 2014

Real estate in Turkey continues to offer investors return for their money in 2014, with the price of new homes there increasing by more than seven per cent in October compared to the same month last year. The latest REIDIN-GYODER New Home Price Index showed a 1.33 per cent month-on-month...

Posted on 18 November 2014

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...

Posted on 10 November 2014

Strong economic data adds a shine to property investment in Turkey

Downward pressure on Europe’s economies continues to bypass Turkey, after the economy there recorded an encouraging 9.8 per cent year-on-year rise in foreign direct investment (FDI) in the first eight months of 2014. According to Ministry of Economy data, FDI in Turkey reached $8.6billion for the January-August period, which saw...

Posted on 04 November 2014

Joining elite marina club should benefit Bodrum property market

The chic new Palmarina on the Bodrum peninsula has been selected as a member of a global network of exceptional independent yacht marinas, run by marina company Camper & Nicholsons Marinas. Membership of the network, officially called The 178 Club, should encourage more of the international jet set who own...

Posted on 29 October 2014

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...

Posted on 23 October 2014

Turkey’s stock exchange gaining stability globally

A sign of Turkey’s strengthening economy, the Istanbul Stock Exchange Market (Borsa Istanbul) is now ranked within the world’s top 20 most sustainable stock exchanges. Based on companies' environmental, social and corporate governance performance, the Sustainable Exchanges Index measures the sustainability of exchanges. The new rankings place the Borsa Istanbul...

Posted on 21 October 2014