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Turkey talks shop – demand for shopping space there now one of Europe’s highest

Highlighting Turkey’s growing middle class and its appetite for a consumer lifestyle, the country completed the second largest amount of new shopping space anywhere in Europe during the first half of 2013. The number one spot was taken by Russia. A report by international property consultancy Cushman Wakefield also showed that...

Posted on 19 November 2013

Turkey’s foreign ownership laws get even friendlier in 2013, signalling a bumper 2014

A raft of new rules governing property ownership in Turkey have made the country increasingly attractive to foreigners in 2013, laying the foundations for continued growth in the property market there in 2014, said Turkey property specialist Spot Blue International Property in November.Turkey’s most recent law change favouring foreign buyers,...

Posted on 18 November 2013

Spot Blue appears in Telegraph article about Istanbul tunnel

A recent article by the UK newspaper the Daily Telegraph, which outlines how the new Marmaray rail tunnel in Istanbul will attract more foreign businesses, features Spot Blue and includes quotes by Director Julian Walker, illustrating the firm’s increasing prominence in the region.In the article, Mr Walker says: “In areas...

Posted on 11 November 2013

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 is...

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 up...

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 an...

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