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Turkey and UK Increase Trade Relations to Boost Economy

Turkey and the UK have signed a memorandum of understanding on the establishment of a joint economy and trade committee. The move is designed to make trade easier between the two countries, and broaden the horizons for entrepreneurs in both countries, according to UK trade minister Mervyn Davies. Davies addressed...

Posted on 25 June 2009

Pound Strengthens Again – Brits Buy Turkey Property Now for 11% Discount

The British Pound is now worth 2.55 Turkish Lira, having climbed from being worth 2.30 Lira at the beginning of April, meaning Turkey property is now 10.8% less expensive to British buyers than it was in April, and has 10.8% in instant equity. Like we said in a post last...

Posted on 19 June 2009

Turkey Economy to Start Growing in Second Half of Year – Merrill Lynch

Merrill Lynch, a leading player in the global financial circuit has said the Turkish economy will start growing by the 3rd quarter of this year, after suffering heavy quarterly losses of above 6% in the first half of the year. Their analysis has led them to forecast a 0.5% growth...

Posted on 18 June 2009

Brits Eyeing Turkish Property Should Move Now or Risk Paying More

Any Brits planning to buy property in Turkey should be looking to lock in their price now, experts have suggested. The Pound has strengthened a lot against the Turkish Lira in the last couple of months, making Turkish property much cheaper to British buyers, and experts think it may have...

Posted on 12 June 2009

Turkey Looks Set for Early Economic Recovery

It does indeed seem that the worst of the international downturn maybe upon us. I have been cautious about positive news in the past, because it has been easy to dismiss one single positive indication as a statistical anomaly. But right now, there is just too much positive news from...

Posted on 11 June 2009

Fifth Turkish Formula 1 Grand Prix Kicks Off Today

Today is practice day of the fifth Turkish Formula One Grand Prix in Istanbul Park. Though it is not necessarily associated with property, Formula One bringing its prestigious races to Istanbul in 2005 did push property values up in the areas around the circuit.Now the Turkish Grand Prix is an...

Posted on 05 June 2009

Turkish Govt Takes steps to Boost Economy, May Weaken Lira/Boost Property Market

The World Bank is to loan $6.5 million to Turkey, some of the loan will be used as part of the government's initiative to increase employment in the south east of Turkey. Also this week, Turkey signed a free-trade agreement with Serbia, which will massively increase trade between the two...

Posted on 04 June 2009

Off Plan Property Investment in Turkey: How to Avoid Dissapointment

I cannot believe what I just read! In an article in Quest magazine on investing in Turkish property, it says: "Many people associate buying off-plan with the purchase of an apartment however it is also villas and townhouses that are sold in this way. It represents a great way for...

Posted on 15 May 2009

British Visitors to Turkey to Grow 25% in 2009 – ABTA

Turkey is overtaking Spain as the most popular summer getaway with British travellers according to Quest Turkey, quoting a major British tour operator April 14. The article hinted at the information coming from the Association for British Travel Agents, whilst not actually stating that is where it had come from.I...

Posted on 14 May 2009

Portal: Turkish Property Grows in Popularity with Brits – Trend to Continue

The popularity of Turkey property has grown massively since last year, and continues to grow strongly, according to major UK portal Property Abroad.com. Last week the portal revealed that Turkey property has been 4th most popular with the thousands of primarily British property searchers received by the portal.I called Property...

Posted on 12 May 2009