Shock Snowfalls Freeze Life in Eastern Turkey

11/02/2012
Shock Snowfalls Freeze Life in Eastern Turkey

I'm dreaming of a white... Bitlis. Those in the town of Bitlis in eastern Turkey probably aren't dreaming of a white anything after almost a week of constant snow brought day-to-day life in the town to a standstill. Anything or anyone capable of moving freely in a snowdrift of 640cm according to metereologists could carry […]

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10/02/2012
A Week of Tourism Events and Controversy

This week was a week of big tourism events in Turkey, events which brought a new realisation on tourism income growth in Turkey. The Turkey Tourism Summit in the Istanbul Convention and Exhibition Centre ICEC made the headlines for a rather controversial reason. Hurriyet headline: "Minister blames statistics body for poor calculation" in a story […]

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09/02/2012
New Istanbul Financial Centre aims to outclass London and New York

Istanbul, 9 February 2012 - The new Istanbul Financial Centre project in Atasehir on the Asian side of Istanbul is taking shape with construction underway. The Financial Centre has the full backing of the Turkish Government with many of Turkey’s governing bodies of rapidly growing financial sector being house in the Financial Centre. The Centre […]

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03/02/2012
Istanbul Number One in European Property Investment

Since the downturn struck I could count the number of times the Guardian has covered Turkish property, in the mainstream sections anyway, but we have a cracker in today's. After winning for the last 2 years on the trot, Istanbul has once again be named the property  investment hotspot of Europe by PricewaterhouseCoopers, in its […]

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13/01/2012
Current Account Deficit Begins Descent

Last year saw Turkish exports grow at an incredible clip, leading analysts and commentators (including ourselves) to predict that it would eventually start to bring down the current account deficit, which is an important economic indicator and one of the few blemishes left to negatively color the Turkish economy. Well, it has now started to […]

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11/01/2012
Turkey Starts 2012 One of Strongest Economies in World

We all heard a lot about the Turkish economy in 2011 I know I wrote a lot about it and the reports are still coming in now. As always, it takes time to prepare final figures for the entire year, but if the reports we have seen so far are anything to go by then […]

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07/01/2012
Istanbul Tourism up 16% in 2011

Istanbul is currently one of the hottest places for buy to let investment in the world. The population is huge and growing so rapidly in numbers and affluence, that developers simply can't build fast enough to meet the demand for quality property to buy and rent. But it is also said that Istanbul is an […]

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06/01/2012
2011: A Great Year for Turkey and Turkish Property

Twenty Eleven was a great year for Turkey and a great year for Turkish property. The Turkish economy was among the fastest growing in the world (it was the fastest in 1H, but we have no data for 2H) according to official data. According to the Turkish association of real estate partners (GYODER) house prices […]

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02/01/2012
Turkish Mortgages in Increasing Demand

With the Turkish property market still busy (and not too badly effected by the Euro crisis), investors are still interested in borrowing funds rather than just paying cash. The most popular loans tend to be either in Euros or Sterling, but as the local currency is still in Turkish Lira, independent Currency Exchange advice should […]

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30/12/2011
Turkish Tourism Hits the 30 Million Target

It's official, Turkey has crossed the long-anticipated threshold of 30 million visitors, a year later than expected. During the boom the government set the tourism target that Turkey would be receiving 30 million visitors per year by 2010. Then the credit crunch happened. Most tourism markets were completely derailed by the crisis as it engulfed […]

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