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Economic growth in Turkey predicted to be double that of other OECD nations

Turkey will see average annual growth of 5.2 per cent between 2012 and 2017, while other OECD members are forecast to grow at 2.4 per cent for the same period, President of the Investment Support and Promotion Agency of Turkey (ISPAT), Ilker Ayci, stated recently. Ayci added that Turkey is the...

Posted on 04 November 2013

New railway tunnel promises to make Istanbul an East-West trading hub

A new railway tunnel linking the European and Asian sides of Istanbul opened on 29th October, with hopes it will make Istanbul a convenient trading route between Western Europe and South-east Asia, including China, in essence a modern-day Silk Road. The 1.4-kilometre tunnel, which runs under the Bosphorus Strait and...

Posted on 29 October 2013

Foreign investors in Turkish property predicted to be worth $3 billion during 2013

Property sales in Turkey were up 78.7 per cent in the first half of 2013 compared to last year, a member of Turkey’s Real Estate Investment Trust Association (GYODER) said in October. According to the Anadolu news agency, Isil Gokkaya of GYODER added that Turkey’s new law that has opened...

Posted on 28 October 2013

Turkey gets the thumbs up from a Hollywood superstar

Giant of the Hollywood blockbuster Russell Crowe, who starred in the movie Gladiator, has been in Turkey confirming arrangements for the filming of his next film and whilst there he revealed how much he liked the country. In his film, Crowe will bring to the big screen the story of...

Posted on 25 October 2013

Istanbul gears up for arrival of first Rolls Royce dealership

A sign of the growing prosperity of Turkish people and their appetite for leading worldwide brands, Rolls-Royce has announced plans for an authorised dealer to be based in Istanbul. The new dealership is to be officially named Rolls-Royce Motor Cars Istanbul and the new showroom is officially due to open...

Posted on 24 October 2013

Turkey’s European Union membership back on the agenda in Brussels

Turkey could be about to take a step closer to joining the European Union (EU), after the EU Council confirmed that next month it will resume talks with Turkey about its membership of the 28-nation EU bloc, following a three-year break from discussions. Recent talks on Turkey’s membership were postponed...

Posted on 22 October 2013

Turkish investment delegation targets the world’s largest economy – the US

  Turkey’s on-going efforts to attract foreign investors took the country’s Investment Support and Promotion Agency of Turkey (ISPAT) to US capital Washington this month, where ISPAT President, Ilker Ayci, confirmed strong interest from US investors in opportunities in Istanbul and broader Turkey. Said Ayci: “These meetings proved that US...

Posted on 18 October 2013

Demand at home and abroad: property agent Spot Blue ready to take on more stock

More diverse international investors in Turkey combined with growing demand from a wealthier population have led to an increase in property purchases and in some areas a tighter supply of stock, said leading Turkish property agency Spot Blue International Property in October. The prominence of Gulf and Russian investors in...

Posted on 15 October 2013

Turkish low-cost carrier launches new flights and connects Russia with Istanbul

A sign of Turkey’s expanding global appeal, on 8th October the country’s expanding budget airline Pegasus launched its first ever service between Istanbul and Moscow. At the same time, the airline also announced a raft of new flights from Brussels, starting next year. By 27th October Pegasus is expected to...

Posted on 15 October 2013

Deals worth $1.3billion – Istanbul property goes down a storm at Dubai property show

Occupying the largest international pavilion at the Cityscape property exhibition in Dubai this year, Turkey has lived up to expectations of drawing Gulf investors, with one developer on course to net around $1.3billion worth of investment. Turkish developer Agaoglu Group confirmed that the Financial Center in Istanbul has been a...

Posted on 10 October 2013

Spot Blue appears in Turkish property article in leading Middle East magazine

A recent article in leading Middle East news title Gulf News, which outlines the benefits of investing in Turkish property to citizens from Gulf countries, features Spot Blue and includes quotes by Director Julian Walker, illustrating the firm’s increasing prominence in the region. In the article, Mr Walker outlines the highlights...

Posted on 08 October 2013

Spot Blue’s reputation leads to mention in leading lifestyle magazine in Asia

Spot Blue features in a recent edition of the Asian edition of Tatler magazine, in a feature that names Istanbul as one of the world’s top five investment hot spots for property. In the article, Spot Blue director Julian Walker is quoted as saying that growth in Istanbul’s property market...

Posted on 02 October 2013

Spending power on the Turkish high street fuelling growth in shopping malls

A sign of Turkey’s burgeoning middle class and growing economy, recent statistics show that the retail sector in the country is continuing to flourish and there are now 327 shopping malls in 57 provinces there, employing more than 385,000 people. Turkey’s Shopping Mall Investors’ Association (AYD) also confirmed in October...

Posted on 01 October 2013

Istanbul district sets example in modern-day living by offering free Wi-Fi

Surfing the internet and checking emails just got free and easy for residents or visitors in the Istanbul district of Kadikoy, after free Wi-Fi was launched in the streets there on September 30th. The Mayor of Kadikoy decided to introduce high quality Wi-Fi hot spots after locals in his district expressed...

Posted on 30 September 2013

The £170K question: where would you invest in property, Turkey or the UK?

One is an exciting emerging economy that bridges the gap between East and West, and the other is an established Western market, ut one thing both Turkey and the UK share right now are bullish property markets. Turkey ranked sixth in the latest Knight Frank Global House Price Index, recording...

Posted on 27 September 2013

August tourist numbers up in Turkey, as national airline carries even more passengers

Foreign visitor numbers to Turkey were up significanty in August compared to last year, while Turkey’s national carrier, Turkish Airlines, confirmed this week that the number of passengers it carried from January to August increased 25 per cent year-on-year. A total of 4.95 million foreigners visited Turkey in August, a...

Posted on 24 September 2013

Landmark new shopping centre – with its own Apple Store – a boost for Istanbul

Raising its profile as a city that offers world-class shopping, Istanbul’s landmark Maltepe Park shopping centre reopened in September after a 19-month overhaul with the assistance of global supermarket group Carrefour SA. The transformation of Maltepe Park, located in the city’s Maltepe district on the eastern bank of the Bosphorus,...

Posted on 24 September 2013

Travel firm TUI confirms Turkey as number one summer holiday destination

Holiday bookings to Turkey during the summer season of 2013 were up 8.1 per cent compared to last year, more than any other short-haul destination – somewhere with a flight-time of less than four hours, said global travel firm TUI, which owns the Thomson brand, this month. Spain’s Balearic Islands...

Posted on 20 September 2013

Big hitters from the Gulf eye up Istanbul’s property investment opportunities

Interest from Gulf investors in Istanbul’s property market is expected to soar in coming months, thanks to the city and its investment opportunities being in the spotlight at Dubai’s Cityscape Global property exhibition in October. Highlighting the growing appetite for Turkish property in the Middle East, Turkey’s pavilion at Cityscape,...

Posted on 20 September 2013

One of the world’s top 30 banks setting up shop in Turkey

Dutch giant of the banking world Rabobank, ranked the world’s 26th largest bank, has announced plans this month to open offices in Turkey, saying it sees the country as a growing opportunity. The first Rabobank office will be in Istanbul and focus on the commercial sector, initially planning to provide...

Posted on 19 September 2013