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Turkish Exports Up 2.5% in First Half

According to the latest export data, Turkey sold products worth USD 74.66 billion in the first half of this year. This represents a growth of 2.5 percent compared to a year ago, the figures from the Turkish Exporters' Assembly (TIM) show. This sends positive signals for year-end goals according to...

Posted on 03 July 2013

Clever land investors flying high in Turkey

Hungry investors looking for alternatives to today’s volatile financial markets should consider investing in land in Turkey, said Turkish property specialist Spot Blue, adding that buying land and building your own villa can also be a better long-term proposition for second homeowners. “Opportunities to buy land come in all shapes...

Posted on 02 July 2013

Balkan Tourists Stuck on Turkey

According to  a new story in the SE Times tourists from the Balkan countries have not been turned off a Turkish holiday by the recent unrest in Istanbul. Turkey has been bogged down by news of the protests since the end of May. Some say it’s a storm in a...

Posted on 29 June 2013

Turkish Tourism Continues Strong Growth in May

Turkey is a tourists dream. In fact, it is like a food that you are apprehensive to try out but then when you do, you find out that you have been missing out terribly. Tourists made this realisation about Turkey round about 2002 and ever since then Turkish tourism numbers...

Posted on 26 June 2013

Turkey Real Estate Investment to Hit 10 Billion USD Annually

According to the latest data from the Association of Real Estate Investment Companies (GYODER), global investors ploughed 720 million USD into Turkish property investments in the first quarter of this year. This represents a growth of 89% compared to Q1 2012 according to the firm, which predicts that Turkey will...

Posted on 21 June 2013

Turkish Real Estate Put Forward for $50 Billion Investment

Turkey is courting Norway. Not in the biblical sense, (or even the mid-late 20th century romantical sense), but in the real estate investment sense. Norway has big plans to channel some 50 billion USD into investments in international real estate in the coming months and years. Big hitters in the...

Posted on 20 June 2013

Turkey Plans Continued Economic Surge

A draft for Turkey's 10th 5-year economic development plan has been sent to Parliament. According to the plan Turkey will reach an annual growth rate of 5.5%, have a 4.5% inflation rate, and a 7.2% unemployment rate by the end of 2018. The Ministry of Development plans to meet the...

Posted on 18 June 2013

Turkey’s coastal property market gains from rise in Blue Flag beaches

House-hunters looking for an overseas property near a clean, safe beach are spoilt for choice in Turkey, says Turkish property specialist Spot Blue, thanks to 383 beaches there being awarded Blue Flag status this year, the most the country has ever achieved and 59 more than in 2012. Turkey now...

Posted on 18 June 2013

Investors Cautiously Optimistic Around Turkish Social Movement

The growing "social movement" in Turkey is not a major cause of concern for investors according to a senior member of the Turkish Industry and Business Association. In a telephone interview with Hurriyet Bahadır Kaleağası, an international coordinator with the body said the international investors had noticed the differences between...

Posted on 15 June 2013

Foreigners on Turkish Property Buying Spree

We are only just past midway through the year but already foreigners have purchased more than 6000 properties in Turkey. According to data from the Turkish Environment and Urbanization Ministry 6802 foreigners from 83 countries including the US, Kuwait, Britain and Tanzania have purchased 5,432 Turkish houses and 862 plots...

Posted on 08 June 2013