Spot Blue International Property Ltd, a leading UK-based Turkey property specialist, is celebrating its 10-year anniversary this month and with it announcing increased efforts to target investors from the growing international market, as well as the more established European countries.
Founded in August 2003 by chairman David Walker, who spotted the appeal of Turkey as an alternative holiday home destination to the more established European resorts, Spot Blue’s status has grown significantly during its decade of operation. Adapting to changing market conditions, Spot Blue considers investors from outside the Eurozone, in particular the Middle East, as an important part of its own growth and that of Turkey over the next 10 years.
Director Julian Walker, son of David Walker has helped grow the firm since 2006, commented: “It’s no secret that market conditions have yo-yoed considerably since 2003, but our solid foundations based on thorough due diligence and customer service have held us in good stead and we believe will continue to do so for years to come.
“Our business was built on Turkey’s offering as a holiday home destination but today things have moved on. Turkey’s property market has another exciting edge to it, brought about by better opportunities for more international investors, combined with Istanbul’s booming residential buy-to-let market, and the country’s bullish economy and plans for infrastructure upgrades. We want to play a part in all of that.”
To support its strategy for more international exposure and as part of its ongoing brand development, Spot Blue has changed its name to Spot Blue International Property from Spot Blue Overseas Property and upgraded its principal website domain to spotblue.com from spotblue.co.uk.
Spot Blue is well placed for future growth and since its foundation has been accepted as a Member of key industry associations, including the Association of International Property Professionals (AIPP), Turkish British Chamber of Commerce and Industry (TBCCI), National Association of Estate Agents (incorporating FOPDAC) (NAEA), British Chamber of Commerce in Turkey (BCCT) and Turkey’s Association of Real Estate Investment Companies (GYODER).
In addition, David Walker is Vice Chairman and Director of the Turkish British Chamber of Commerce & Industry (TBCCI), a position that has earned him endorsements from the Director of UK Trade and Industry for Turkey and the UK’s HM Consul-General in Istanbul. He was runner up to Jim O’Neill, (Chairman of Goldman Sachs Asset Management and brainchild of the acronym BRIC - Brazil, Russia, India, China) in the most “Supportive British” category of the "Most Successful Turk Awards" held in London in 2012.