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World-class marinas putting the wind in the sails of Turkey’s lifestyle property market

Turkey’s growing marine tourism sector is expected to boost interest in property in coastal resorts in 2014, thanks to a raft of world-class marinas, many of them less than a year or two old, attracting an increasing number of lifestyle property investors, said Turkish property agency Spot Blue International Property...

Posted on 21 February 2014

Istanbul’s British Connections

Many of the ten million or so visitors Istanbul attracts annually are lured by its long, exotic past. The soaring, mosaic-encrusted dome of the Haghia Sophia, surmounting what was once the greatest church in Christendom, is a reminder of a time when the city was the heart of the Byzantine...

Posted on 19 February 2014

Istanbul’s largest ever office lease signals healthy 2014 for commercial sector

A New Year’s boost for Istanbul’s commercial real estate sector is the announcement that Colliers International has pre-leased what it claims is the largest-ever office lease recorded in Turkey, namely over 60,000 square metres of the Torun Tower, on behalf of Torunlar REIT. The space has been leased to Denizbank,...

Posted on 11 February 2014

Turkey’s interest rate hike stalls Lira’s fall, fuelling domestic rental market

Developers in Istanbul are reporting a hike in sale to foreign investors during December 2013, fuelled by investors taking advantage of a slump in the value of the Turkish Lira against other major currencies. The recent drop in the value of the Lira against the US Dollar and Sterling has...

Posted on 07 February 2014

Turkey’s quality medical sector attracting increasing numbers of health tourists

A new report ranks Turkey among the top 10 healthcare destinations globally, thanks to the country making high quality treatment and facilities available to foreigners at reasonable prices. The 2014 Global Life Sciences Outlook published by international tax firm Deloitte says Turkey now attracts hundreds of thousands of healthcare seekers...

Posted on 04 February 2014

Fourth airline to link the UK and Istanbul in summer 2014

The choice of flights to Istanbul from the UK will get greater in summer 2014, thanks to Istanbul based airline AtlasJet announcing new scheduled flights to London Luton. Kicking off its UK service, AtlasJet will launch new flights on 2nd May, with a four times weekly service from Istanbul Atatürk...

Posted on 27 January 2014

Turkey’s Antalya booms as tourist destination, while more Turks start to travel abroad

The city of Antalya on Turkey’s southern Mediterranean coast welcomed 12 million visitors in 2013, the highest number ever recorded anywhere in Turkey, according to the country’s Ministry of Culture and Tourism. Tourist numbers from Russia, China and Germany were especially high last year in Antalya, where the Turkish government...

Posted on 22 January 2014

Istanbul: A brief tale of many cities

Watching the visually stunning “Byzantium: A Tale of Three Cities”, first screened on BBC 4 towards the end of 2013, makes for a better introduction than most to one of the world’s most compelling cities, Istanbul. Its presenter, the erudite historian and writer Simon Sebag Montefiore, is an engaging companion,...

Posted on 21 January 2014

Come and visit Spot Blue at A Place in the Sun Live exhibition in London!

Spot Blue International Property will be exhibiting at the next A Place in the Sun Live exhibition in March, offering you the chance to come and browse properties for sale across Turkey and discuss your personal requirements with the team in person. A Place in the Sun Live, the official...

Posted on 16 January 2014

More air passengers touch down in 2013, as taste for Turkey keeps on growing

A hike in Turkey’s air traffic meant passenger numbers hit record levels in 2013, confirming the country’s growing popularity in the world as a place to visit and do business. Turkey’s Minister for Transport confirmed in January that the number of air passengers passing through the country last year exceeded...

Posted on 14 January 2014

For idyllic self-build plots in Turkey, look no further than Fethiye

Affordable plots in picturesque locations and with access to improving infrastructure are encouraging an increasing number of British people to create their dream home in the Fethiye area of Turkey, said Turkey property specialist Spot Blue International Property in January. The villages around Fethiye, a colourful town on Turkey’s Mediterranean...

Posted on 14 January 2014

“Turkey’s spectacular growth shows no signs of slowing,” leading economist tells the BBC

Goldman Sachs chief economist Jim O’Neill highlighted the spectacular growth that Turkey has undergone in recent years during a Radio 4 documentary this week, adding that there are no signs of the country’s economy taking its foot off the gas. O’Neill was visiting Turkey as part of his tour of...

Posted on 10 January 2014

Why Turkey’s MINTy taste makes it an emerging economic powerhouse

Turkey has been named one of four emerging economic giants in the world by a leading economist at investment bank Goldman Sachs, boosting its appeal to foreign property investors during 2014. Economist Jim O’Neill, who created the BRIC acronym which in 2001 identified Brazil, Russia, India and China as the world’s...

Posted on 06 January 2014

Turkey to be world’s 12th largest economy by 2028, says leading economic analyst

Turkey is currently the 17th largest economy in the world but will climb steadily over coming years to reach 12th position by 2028, according to the latest World Economic League Table (WELT) by the Center for Economics and Business Research (CEBR), a leading economic analyst. The CEBR report also predicts...

Posted on 01 January 2014

Global hotel group grows presence in “exciting and dynamic” Turkey

Internationally acclaimed hotel group Hilton Worldwide signed agreements on a further four hotels in Turkey in December, bringing its portfolio in the country to 24 trading properties and 25 in its development pipeline. This latest announcement sees Hilton Worldwide expand its existing presence in Istanbul and the port city of...

Posted on 23 December 2013

Visitors to Turkey will need to go on-line for their visas in 2014

Travellers to Turkey, including second homeowners, are being advised that from Spring next year they will need to go on-line to get their visa for entry into the country. Earlier this year, Turkey introduced its new e-visa system, which allows for applications and visa fees to be paid online in...

Posted on 17 December 2013

Turkish economy remains bullish as Turkey and the UK strengthen trade ties

Turkey’s economy beat expectations in the third quarter of 2013, recording 4.4 per cent quarter-on-quarter growth and continuing on its growth track for the 16th consecutive quarter, according to official data. This latest statistic means Turkey is one of the top 10 fastest growing economies in the world. The country’s...

Posted on 13 December 2013

Gulf and Russian investors lead rise in foreign interest in Turkey, says Spot Blue International Property

Interest in Turkish real estate is surging as 2013 comes to a close, according to Turkey property specialist Spot Blue International Property, which is experiencing a dramatic rise in visits to its website, spearheaded by Russian and Arabian investors. For the three months to the end of November 2013, Spot...

Posted on 11 December 2013

Property prices in Turkey rising at sixth highest rate in the world

Turkey is ranked sixth – three places above the next European country, Germany - in the latest House Price Index for the third quarter of 2013 compiled by an international property consultancy. According to Knight Frank’s quarterly index, house prices in Turkey were 12.5 per cent up in the third...

Posted on 09 December 2013

Leading Gulf property company backs Turkey and commits £’millions to the market

Confidence in Turkish property received a boost this month after a leading real estate firm in the Gulf announced a major foray into the market with investments to the tune of AED 200 million (around £33milion). The Gulf property firm has unveiled three iconic projects in Turkey as part of...

Posted on 06 December 2013