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Turkish Interest Rates Lowered Again

Guarding against Lira appreciation the Turkish central bank chopped a further 50 basis points off its benchmark interest rate today and also cut overnight borrowing and lending rates. The bank cut the one-week repo policy rate from 5.5%to 5%, the borrowing rate to from 4.5% to 4% and the lending...

Posted on 16 April 2013

Turkey Increases Residency for Foreign Property Buyers

Turkey is one of the strongest and most stable economies in the world, and its property market is also experiencing strong, stable and sustainable growth, so it is easy to understand why more and more foreigners are looking to buy property in Turkey. But Turkey isn't resting on its laurels,...

Posted on 13 April 2013

Turkey Pushing Eurasia as it Splits Between the Two

Countries in Eurasia could play an important role in the new global structure, with Turkey's help according to a new statement from Turkish President Abdullah Gul. In a message to the 16th Eurasia Economic Summit in Istanbul today, where leaders from across the region are gathered to discuss a wide...

Posted on 10 April 2013

Turkish Air Travel Industry Flying Ahead

If you are looking for proof that Turkey is becoming a dominant force in international air-travel, tourism and therefore property investment then you really want to look at the latest news from  Anna.Aero. The website has reported several pieces of positive news for the Turkish travel industry. Crowned route of...

Posted on 05 April 2013

Currency flexibility makes Turkey more appealing

Multi-currency trading conditions in Turkey continue to make the country more attractive to foreign property-buyers than Eurozone destinations, following renewed uncertainty in Europe’s single currency bloc. A rising economic power, Turkey embraces a culture where trading in different currencies is the norm, while its own currency, the Turkish lira, remains...

Posted on 04 April 2013

Turkish Property 2012 Growth 4th Fastest in World

Turkey continues to blow the world away with its incredible growth and stability. The latest Knight Frank global house price index shows that Turkey was the 4th fastest growing property market in the world last year. The index, which is based on the collation of data from other sources shows...

Posted on 02 April 2013

S&P Upgrades Turkish Credit Rating – Again

Turkey has received yet another upgrade as Standard and Poor upgraded its credit rating from BB to BB+ yesterday. I say yet another not because of a spectacular amount, but because of a very reasonable amount of times since the international financial crisis began; at a time when most movements...

Posted on 28 March 2013

Istanbul Playing to its Strengths in Olympic Bid Slogan

Bridge Together. That is Istanbul's slogan for its 2020 Olympic bid.  According to experts the slogan is aimed at highlighting the city's unique geographic location straddling Europe and Asia. Youth and Sports Minister Suat Kılıç revealed the slogan yesterday, which was day-two of a four-day assessment of Istanbul's bid by the International...

Posted on 27 March 2013

It’s All Go in Gazipasa Airport

It's all go in Gazipasa. For those who don't know Gazipasa is a small Turkish town and the site of an airport, which was built in 2001 but has only opened and began accepting national and international flights in the last few years. According to a spokesperson for TAV Holdings,...

Posted on 21 March 2013

Turkish Airlines Posts Incredible 2012

Turkish national flagship carrier Turkish Airlines (THY) has posted a net profit of 1.13 billion Turkish Liras last year thanks to an increase in passenger numbers and occupancy rate. Off the back of this strong result the airline has ordered 117 planes from European aircraft manufacturer Airbus, according to a...

Posted on 19 March 2013

Turkey To Ease Residence Permit Rules for Foreign Buyers

According to a statement by Turkish deputy PM Ali Babacan, the country is set to make further accessions to attract foreign property buyers, potentially including longer residency visas for foreign buyers. "Turkey should be more tolerant toward foreigners who buy houses and spend substantial amounts of money to spend time...

Posted on 15 March 2013

Turkish EU Negotiations Regaining Traction

Turkey's EU candidacy looks like getting back on track as senior EU officials put their weight behind a new push, with support from Ankara. Turkey's EU accession negotiations were opened in 2005 but soon hit a brick wall. Only 13 out of the 35 negotiation chapters have even been opened,...

Posted on 14 March 2013

Turkish Current Account Deficit Falls to 26-Month Low

The Turkish current account deficit fell again in January, according to the latest data from the Central Bank. According to the report the deficit fell 2% compared to January 2012 to the lowest level in 26 months. Turkey has become one of the most vibrant emerging markets in the world...

Posted on 12 March 2013

Turkish-Greek Tourism Forum Increases Ties between Two Countries

A Turkish-Greek tourism forum was recently held in Ankara and garnered considerable interest from Turkish and Greek officials and business-people. It's anticipated the forum will help increase the flow of tourists between Greece and Turkey through increasing cooperation between travel agencies in the two countries. The Greek ambassador was also...

Posted on 08 March 2013

Is 2013 the year to invest in ‘non-euro’ Turkey?

A strong Olympic bid, a new ‘mega’ airport and booming tourism – is 2013 the year to invest in ‘non-euro’ Turkey?  Turkey’s appeal to property investors has surged since the start of 2013, as the weaker Pound makes the Eurozone unattractive to UK buyers, plans for the world’s largest airport get under way in...

Posted on 07 March 2013

Trade Grows between the UAE and Turkey

Figures show that trade between Turkey and the UAE reached $9.1 billion during the first eight months of 2012, three times the amount in 2011. The economy in the UAE is predicted to grow by 4% in 2013 compared to 3% last year, and this should positively impact trade and...

Posted on 06 March 2013

Istanbul Ranks Top Property Investment 4th Year Running

For those of you who have been living under a rock, Istanbul has been ranked the top city in Europe for commercial property investment for the last 3 years running in PricewaterhouseCooper's report Emerging Trends in European Real Estate in conjunction with the Urban Land Institute. That is to say...

Posted on 04 March 2013

Incredible Growth in Turkish Air Traffic Continues

Turkey is currently one of the strongest and most stable economies in the world. The property market is also performing well with strong and stable growth coming out in all the indices. So more than ever before property investors are sitting up and paying attention to Turkey. Low property prices,...

Posted on 28 February 2013

Microsoft Knocking Down Turkey’s Door to Join Fatih Project

IT giant Microsoft is very keen to get into Turkey according to the latest announcement from Turkish Science and Technology Minister Nihat Ergün. Ergün has told how Microsoft has bolstered an early pledge to take part in its Fatih program – an education system built around tablet computers – adding...

Posted on 26 February 2013

Turkey to Open New EU Chapter with Help of France

According to Turkish EU minister Egemen Bagis Turkey submitted an action plan for opening a new EU accession chapter, having fullfilled the benchmarks neccesary to open said negotiation chapter. The news follows an announcement from the new French administration that it would help Turkey to get Chapter 22, “Regional Policy...

Posted on 23 February 2013