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IMF to Resume Negotiations with Turkey, Agreement Unlikely

International Monetary Fund Chief Dominic Strauss Kahn said today that the IMF would restart negotiations with Turkey after the annual meeting in Istanbul. Some 15,000 delegates are descending on Istanbul for the annual meetings of the World Bank, the IMF, including finance ministers from the G7 nations. Last week it...

Posted on 02 October 2009

Turkish Property Agent Spot Blue Announces Developer Checks

Turkish Property Agent Spot Blue Announces Developer Checks  Spot Blue have become one of the first UK based Turkish property agents to run due-diligence checks on all the developers they work with in Turkey, and to have detailed reports drawn up into the developers history and potential for trustworthiness. Director...

Posted on 01 October 2009

Turkey Property (whole Industry) Benefits from Return of British Buyers

There have been numerous signs in the past few weeks that the overseas property industry can breathe a sigh of relief; the worst seems to be over. Overseas Property Professional magazine has featured several articles quoting industry professionals reporting increased leads, and increased sales, including a surprising run on off...

Posted on 25 September 2009

American Tourism to Turkey Rising as Hotel Infrastructure Expands

We have covered on this blog, the massive rise in British tourism to Turkey, which has averaged 20% for the last few years and is expected to hit 25% this year as the strong Euro damages the traditional favourites. Tourism from America is also rising, in fact it grew 2.4%...

Posted on 22 September 2009

Turkey Cuts Key Interest Rate Again – Good News for Property Market

The Turkish central bank has cut its key interest rate by a further fifty basis points. The ninth cut in 11 months now leaves the rate at 7.25%. Turkey has cut its interest rate by more than any other G20 nation. A recent house price index found that the falling...

Posted on 19 September 2009

Turkey Becoming Known as Force for Peace and Bridge Between West and East

Turkey's presence in the world is growing as it becomes known as force for change and peace within the region and a bridge between the Middle East's Muslim population and the western world. This is making the news now; with turkey reaching out to normalise relations with Armenia, with Obama...

Posted on 18 September 2009

Colliers Issues Upbeat Report on Turkish Real Estate

Colliers international, the giants of world commercial real estate have issued a detailed analysis of the Turkish real estate market. The overall thesis of the report is that the recovery has already begun, and will continue to gather pace, with strong growth resuming in the second half of 2010. Still,...

Posted on 11 September 2009

The Growing Popularity of Turkish Property

Turkey was the 4th most popular country with those searching to buy overseas property in August, according to a chart released yesterday by overseas property portal Property Abroad.com. This was above Portugal, Italy, Cyprus and Greece. In an article on Turkey's rising popularity, the portal has put its position in...

Posted on 09 September 2009

Turkish Foreign Minister to EU: We Kept Our Side, Keep Yours & Assess Our Bid

The Turkish foreign minister Ahmet Davutoğlu has urged his European Union counterparts to accelerate the process of re-examining his country's bid for full membership, and to not let the Cyprus issue stall it any further. Davutoğlu said that his country is currently amidst a period of unparalled reform aimed at...

Posted on 05 September 2009

Ölüdeniz: An Undiscovered Paradise and Only a Budget Airline Trip Away

Compared to other parts of Turkey, you hardly ever hear about OluDeniz, but when it comes to buying a property in Turkey -- and many other places in the world -- that is certainly a good thing. The beach at Ölüdeniz set inside a naturally sheltered and almost tropical bay...

Posted on 03 September 2009