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Why Turkey’s MINTy taste makes it an emerging economic powerhouse

Turkey has been named one of four emerging economic giants in the world by a leading economist at investment bank Goldman Sachs, boosting its appeal to foreign property investors during 2014. Economist Jim O’Neill, who created the BRIC acronym which in 2001 identified Brazil, Russia, India and China as the world’s...

Posted on 06 January 2014

Turkey to be world’s 12th largest economy by 2028, says leading economic analyst

Turkey is currently the 17th largest economy in the world but will climb steadily over coming years to reach 12th position by 2028, according to the latest World Economic League Table (WELT) by the Center for Economics and Business Research (CEBR), a leading economic analyst. The CEBR report also predicts...

Posted on 01 January 2014

Global hotel group grows presence in “exciting and dynamic” Turkey

Internationally acclaimed hotel group Hilton Worldwide signed agreements on a further four hotels in Turkey in December, bringing its portfolio in the country to 24 trading properties and 25 in its development pipeline. This latest announcement sees Hilton Worldwide expand its existing presence in Istanbul and the port city of...

Posted on 23 December 2013

Visitors to Turkey will need to go on-line for their visas in 2014

Travellers to Turkey, including second homeowners, are being advised that from Spring next year they will need to go on-line to get their visa for entry into the country. Earlier this year, Turkey introduced its new e-visa system, which allows for applications and visa fees to be paid online in...

Posted on 17 December 2013

Turkish economy remains bullish as Turkey and the UK strengthen trade ties

Turkey’s economy beat expectations in the third quarter of 2013, recording 4.4 per cent quarter-on-quarter growth and continuing on its growth track for the 16th consecutive quarter, according to official data. This latest statistic means Turkey is one of the top 10 fastest growing economies in the world. The country’s...

Posted on 13 December 2013

Gulf and Russian investors lead rise in foreign interest in Turkey, says Spot Blue International Property

Interest in Turkish real estate is surging as 2013 comes to a close, according to Turkey property specialist Spot Blue International Property, which is experiencing a dramatic rise in visits to its website, spearheaded by Russian and Arabian investors.  For the three months to the end of November 2013, Spot...

Posted on 11 December 2013

Property prices in Turkey rising at sixth highest rate in the world

Turkey is ranked sixth – three places above the next European country, Germany - in the latest House Price Index for the third quarter of 2013 compiled by an international property consultancy. According to Knight Frank’s quarterly index, house prices in Turkey were 12.5 per cent up in the third...

Posted on 09 December 2013

Leading Gulf property company backs Turkey and commits £’millions to the market

Confidence in Turkish property received a boost this month after a leading real estate firm in the Gulf announced a major foray into the market with investments to the tune of AED 200 million (around £33milion). The Gulf property firm has unveiled three iconic projects in Turkey as part of...

Posted on 06 December 2013

EU-Turkey relations reach new level with visa liberalisation on the cards

The European Union took steps this week towards removing visa requirements for Turkish citizens, in a move that signals a snowballing unification between Ankara and the 28-member bloc. Turkey and Brussels will sign an agreement allowing EU governments to send back illegal immigrants crossing into Europe from Turkey. In return,...

Posted on 04 December 2013

Turkey’s currency “undervalued” and could strengthen in 2014, says international bank

Turkey’s currency is undervalued and in line to strengthen in 2014 when the country’s economy will continue to outperform the rest of Europe, said a leading international finance house in Istanbul in November. Societe Generale (SocGen) told Bloomberg this month that investors should buy the lira against the euro as...

Posted on 29 November 2013