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Turkey, Region by Region Part I: Antalya

Antalya is one of Turkey's top regions in terms of tourism and overseas property investment, and, for good reason. Around the world's coasts, little alcoves and bays make for the best spots because of the shelter and the warm, calm waters. Antalya doesn't have any sheltered bays, Antalya is a...

Posted on 24 August 2010

Turkish Central Bank Leaves Rate Unchanged

The Turkish Central Bank’s Monetary Policy Board kept the benchmark interest rates unchanged Thursday, with the overnight borrowing rate at 6.50 percent and lending rate at 9 percent. This is positive news for anyone considering buying a property in Turkey. Because Turkey made banking reforms in the 2001 crisis, liquidity...

Posted on 20 August 2010

Weak European Recovery and Austerity to Benefit Turkish Property and Tourism

Experts believe demand for property in Turkey will increase as Brits and Europeans continue to feel the pinch from austerity and a weaker-than-expected economic recovery. Recent news stories in Britain have highlighted low consumer confidence; with many Brits feeling less optimistic and happy about the economy now, than they did...

Posted on 19 August 2010

“Unprecedented Year” Means Bags of Cheap Holidays in Turkey

The massive confluence of circumstances this year have caused a bargain bonanza of cheap holidays in Turkey. The travel industry was expecting a turnaround this year from last as the global economy was progressing into recovery, thus they ramped up their offerings. Then we had the volcanic ash cloud, the...

Posted on 11 August 2010

H1 Data on Turkish Tourism Figures Positive

The latest data from the Turkish tourism ministry confirms that revealed by Turkstat several days ago and covered on this blog, but with some interesting facts picked out. According to the ministry while Germany continued its reign as biggest tourism market, with 1.68 million visitors in the first half of...

Posted on 10 August 2010

Turkish Airports See 24% Growth in Passenger Numbers this year

The phenomenal growth in Turkish air travel has continued according to the latest reports. According to the latest data that 44.3 million passengers went through Turkish airports between January and June this year, a 23.7%growth on the same period of last year. This follows the 7.3% year on year growth...

Posted on 05 August 2010

Izmir to Become Marina Centre as Govt Attracts Higher Wealth Tourists

The 13 million euro Çeşme Marina opened this week. The marina, which we will cover in more detail in a few weeks, is already attracting massive attention from tourists and potential property buyers. The marina has a 400-boat-capacity on the sea and a 100 boat-capacity on land. The architectural design...

Posted on 03 August 2010

Tourism Growth Accelerating as Year Progresses – Turkstat

The latest release of data from Turkstat shows, not only that tourism is up this year on last year, but, more importantly that tourism revenues have increased by a substantial margin -- this is of course more important, because it has been a major aim of the authorities to attract...

Posted on 31 July 2010

Turkish Property Investment on the UpnUp

Maybe it’s just us (unlikely) but the level of material, information, national press news and opinion articles, and blog posts recommending investment in Turkish property has grown hugely in the past 12 months. Actually, no, that doesn’t do the situation justice. The level of coverage has been increasing slowly for...

Posted on 30 July 2010

Turkish Property Set to Continue Benefiting from Increased Accessibility

Turkish property is set to continue benefiting from rapidly increasing accessibility from airlines around the world. According to the well respected Anna.Aero publication, Ryanair has signalled its desire to make Turkey the focus of its next round of expansions. There has been no specifics given at this stage, but we...

Posted on 22 July 2010