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Foreign investment up as Turkish economy outshines much of Europe

Foreigners invested $2billion in Turkish property in the first half of 2014, a period that saw a 28 per cent hike in overall foreign direct investment (FDI) in Turkey compared to 2013.FDI in Turkey between January and June was worth $6.8billion, according to data released by the Central Bank of...

Posted on 29 August 2014

Turkey ups its game as a world-class golfing destination in 2014

Turkey’s campaign to become a global golf destination has gained momentum during 2014, with the golfing resort of Belek hosting a series of international tournaments and Turkey being ranked the fifth most important destination for golf tourism by the IAGTO, said Turkey property specialist Spot Blue International Property in August....

Posted on 28 August 2014

Landmark new Istanbul airport to be named after President Erdogan

Istanbul’s iconic third airport, set to be the largest in the world once completed in 2018/19, will be named after the country’s new president-elect, Recep Tayyip Erdogan.The new airport is expected to serve 150 million passengers per year, replacing Turkey’s current main air hub in Istanbul, which is named after...

Posted on 14 August 2014

Turkey enters new era as Erdogan takes over the presidency

Turkey has its first ever directly elected president, after its existing prime minister, Recep Tayyip Erdogan, won the presidential election at the start of August, vowing to build a new Turkey. Erdogan's election as President of Turkey should enable him to continue to drive the growth he has generated as...

Posted on 13 August 2014

Russians spearheading tourism growth in booming Antalya in 2014

The city and province of Antalya is proving an ever-growing hit with foreign tourists, but in particular Russians, after new figures showed an increase in the number of tourists there during the first seven months of 2014 compared to last year.According to the Antalya Culture and Tourism Provincial Directorate, between...

Posted on 05 August 2014

Healthy data signals bullish second half of 2014 for Turkish property market

Rising property values, booming tourist numbers and ever-improving air access – Turkey’s attraction to foreign property-buyers has gained momentum during the first half of 2014 with a promising second half ahead, said property agency Spot Blue International Property in August. PropertySales to foreigners in Turkey rose 60 per cent year-on-year...

Posted on 01 August 2014

Investors welcome ongoing appreciation of new Turkish homes in 2014

The average price of new homes in Turkey continued to rise in June, according to the trade body for Turkish real estate, making a property investment there increasingly attractive to foreign buyers in 2014. The REIDIN-GYODER New Home Price Index showed that in June, new Turkish house prices recorded a...

Posted on 30 July 2014

Rising number of museums helping to drive up Turkey’s tourist numbers

Turkey’s appeal to tourists now stretches far beyond its beaches, weather and bazaars, with new statistics showing that annual visitors to the country’s museums and historic sites rose by a staggering 428 per cent between 2000 and 2013. According to the Turkey Museums 2013 report by the Association of Turkish...

Posted on 28 July 2014

Demand continues to put upward pressure on Istanbul rents and property prices

Rents in Istanbul have risen by 42 per cent in districts close to the city’s Ataturk Airport, according to recent reports in the Turkish press, which also state property prices there are recording double digit growth per annum. Apartments in Istanbul are said to be in high demand as the...

Posted on 22 July 2014

“Sea views and a fantastic lifestyle every day” – Turkey’s charm wins over another British expat

Waking up to sunshine and sparkling sea views is now a daily treat for Sara Chandler from Essex, who has recently relocated to her apartment on a 5-star complex in Turkey, after successfully purchasing it through property agency Spot Blue International Property.Ms Chandler bought her two-bedroom apartment, located in Tuzla...

Posted on 18 July 2014