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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

Turkey Expecting 26million Tourists This Year – 30million 2010

Despite the international crisis the Turkish government is still expecting to see 26 million tourists this year, a major growth on the 23 million received last year. "We are expecting around 26 million tourists this year and our target for 2010 is 30 million if we could overcome the crisis,"...

Posted on 30 August 2009

Turkish Property Prices Up in July

Turkish property prices increased in six major cities in July, according to the most reputed index ran by reidin.com in conjunction with Garanti bank. The biggest increase was a 3.65% growth in Kocaeli house prices, Adana was a distant second with 1.09%, Ankara third with 0.98% house price growth, and...

Posted on 27 August 2009

Holiday Lettings Pin-Point Property Investment Opportunities in Turkey

Holiday Lettings.co.uk, arguably the world's largest portal for private rental properties around the world, has said that the demand for private rental properties in Marmaris and Istanbul is currently outstripping supply, pointing to a hole in the market that property investors could profit from filling. Easyjet has revealed that it...

Posted on 22 August 2009

Turkey Cuts Interest Rate Again – Now is the Time to Buy Property

Turkey, which had already cut its key interest rate by more than any G20 country has reduced the rate by a further half a percentage point to just 7.75% earlier this week. Turkey has now reduced the over-night borrowing rate by 9% in the last 12 months. The reductions do...

Posted on 21 August 2009