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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

Istanbul Ranks as Top Global Tourist Spot

Istanbul has scored big once again in Mastercard’s Index of Global Destination Cities, securing itself the 6th spot among 132 cities ranked in terms of international visitor arrivals and spending. The survey predicted that Istanbul would welcome 10.4 million international visitors this year, putting it in front of Dubai, Hong...

Posted on 06 June 2013

Turkey’s Economic Prowess Brings Surge in Hotel Chain Investments

Turkey’s string of economic achievements, crowned by going from debtor to contributor with the IMF and a series of “investment grade” ratings -- Moody’s Investors Service, Japan Credit Rating Agency and Dominion Bond Rating Service all upped Turkey to investment grade recently on top of Fitch, which did so earlier...

Posted on 05 June 2013

Turkish Tourism Growth Boosted by Transport Investments

Speaking at the Turkey and Neighbors Hotel Investment Conference (CATHIC), a player in the tourism sector has said that the sector is being boosted to 300% annual growth and beyond thanks to giant transportation and urban renewal plans. The huge cost and huge effort spent on transportation and infrastructure projects...

Posted on 31 May 2013

Hilton Continually Expanding in Turkey

Hilton Worldwide, which is already the largest hotel company in Turkey has announced the addition of 3 new hotels in the country, taking Hilton's Turkish operation to over 10,000 rooms in operation and under development according to the release. “Our plan is to continue to grow the portfolio. We have...

Posted on 30 May 2013

Agency upgrade boosts Turkey’s investment appeal, aiding its vision to be a top 10 economy

Turkey has edged closer to achieving its target of becoming one of the world’s top 10 economies by 2023, after it was awarded investment grade rating this month by Moody’s, significantly its second upgrade by one of the world’s three main credit rating agencies within the space of six months....

Posted on 23 May 2013

Exchange rate stability makes life more comfortable for Brits in Turkey

Expats who rely on income from the UK have been better off in Turkey than those living in Spain, France or any other Eurozone country, thanks to the Turkish lira being more stable than the Euro since the credit crisis of 2008 – a trend likely to continue in the...

Posted on 22 May 2013

Turkish Airlines Puts Istanbul on top of European Aviation

Talk about taking the world by storm, well Turkish Airlines is certainly causing a storm in Europe. The airline has been almost constantly in airline news for several years now as it adds more new routes than any other airline over any period you wish to measure. Thanks to its...

Posted on 17 May 2013