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Turkish Property Investment in the Spotlight

The industry press is picking up on reports of the impressive yields that can be made on buy to let property investments in Turkey. Turkish developers and realtors have been quoted as saying that rental yields are up to 6% per year and capital gains could be 10% per year....

Posted on 20 May 2010

Istanbul Becomes Latest Site in Turkish Marina Expansion

Istanbul is to become the site of the latest new marina in Turkey, as the country hopes to increase the revenues from its incoming tourists, by becoming attractive to the high-end tourist. Dati Holdings is to build the $16 million (estimated) marina in the Ataköy district of Istanbul. The ParkMarina...

Posted on 13 May 2010

Visa-Free Travel Between Russia and Turkey a Reality

The much-talked-about visa-free travel agreement between Turkey and Russia has finally become a reality. The deal was officially signed today, by leaders of both countries, during the Russian Premier Dimitry Medvedev’s visit to Turkey. "This is a historic agreement that will make life easier for millions of people. And it...

Posted on 12 May 2010

Turkish Property Making it Big as Journalists Choose Carefully

I just read a great article in the Daily Mail, by Zoe Dare Hall, on why the Antalya region of Turkey will become the next Algarve. Such praise did Antalya receive, that I was forced to check the date on the article, to make sure it hadn’t been written in...

Posted on 07 May 2010

More New Flights from UK to Turkey

Turkey’s tourist hotspot Antalya just got even more accessible as Pegasus Airlines launched weekly flights between Antalya and Birmingham earlier this month. This is yet another testament to the massive growth in popularity of Antalya and wider Turkey as a tourist destination, and will also fuel future growth in the...

Posted on 06 May 2010

Turkish Economy Powering Out of Recession

The Turkish Trade deficit doubled from $2.4 billion to $5 billion in March, according to the latest data from Turkish statistical institute Turkstat. The widening is being seen as a positive sign, because it is based manufacturing companies increasing their purchases of raw materials as they ramp up production, on...

Posted on 01 May 2010

Turkish Tourism Growing as Year Progresses – Turkstat

In the first quarter of this year, income from tourism in Turkey was down 2.2% compared to the same period of last year, according to the latest data available from Turkstat. This is a major surprise, given that income in the fourth quarter of last year was 11.6% higher than...

Posted on 30 April 2010

Strength of Turkish Lira and Taking the Rough with the Smooth

It's been a bit of a rollercoaster week for the Turkish Lira. At the start of the week -- April 25th -- came a Business Week report on the massive rally the Lira was experiencing, hitting 1.40 on the US Dollar, on reports of Turkish economic growth rate matching that...

Posted on 29 April 2010

Side Property Turkey – The Ultimate Package

Side is truly one of the most uniquely beautiful places, not only in Turkey, or on the Mediterranean coast, but in the world. How many places can boast a Roman amphitheatre and it is certainly only Side that can allow visitors to enjoy the ruined temples of Athena and Apollo....

Posted on 23 April 2010

Turkey and Russia Set to Allow Visa-Free Travel this Summer

Visa-free travel between Turkey and Russia could begin this summer, a Russian official said Thursday. Russian Ambassador Vladimir Ivanovskiy said that preparations are ongoing, but the deal is unlikely to be finalised until Russian President Dimitri Medvedev visits Turkey in the first half of May. “But I believe it might...

Posted on 22 April 2010