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Tag Archives: Investment

Colliers Issues Upbeat Report on Turkish Real Estate

Colliers international, the giants of world commercial real estate have issued a detailed analysis of the Turkish real estate market. The overall thesis of the report is that the recovery has already begun, and will continue to gather pace, with strong growth resuming in the second half of 2010. Still,...

Posted on 11 September 2009

Turkish Foreign Minister to EU: We Kept Our Side, Keep Yours & Assess Our Bid

The Turkish foreign minister Ahmet Davutoğlu has urged his European Union counterparts to accelerate the process of re-examining his country's bid for full membership, and to not let the Cyprus issue stall it any further. Davutoğlu said that his country is currently amidst a period of unparalled reform aimed at...

Posted on 05 September 2009

Maxima Developing New Multi-Million Condotel in Izmir

Maxima hotel group is building a massive all-year round holiday resort in Özdere, a holiday resort in the Aegean port city of İzmir. The resort will target the Russian and Belgian arkets with the hope of achieving all year occupancy. The resort will consist of private houses and a 5...

Posted on 13 August 2009

Turkish Banks See Profits Bulge in First Half of 2009

Earlier this year, we followed up on a Forbes report regarding the health of Turkish banks because of the reforms made during Turkey's economic crisis at the turn of the millennium. Yesterday saw several Turkish banks reveal their figures for the first half of this year, which completely backed up...

Posted on 07 August 2009

Applications for Turkey Property Mortgages up 65% in 2009

New mortgage applications to buy Turkish property increased by 65% in the first half of this year, according to one of the UK's largest providers of overseas property mortgages Conti plc. The firm also said that "great property prices, superb Mediterranean location and separation from the strong euro" have made...

Posted on 22 July 2009

Turkey Property Grows in Popularity in June on Weak Lira – Portal

Turkey was the fifth most popular country with those searching to buy overseas property on the Property Abroad.com portal in June. This was a 1 place improvement on May. This is undoubtedly because of the weak Lira during June, when 1 Pound Sterling would buy you 2.55 Turkish Lira, making...

Posted on 16 July 2009

Turkish Lira Up Against Sterling – Trend Likely to Continue, Property Buyers Must Act Now

The fragility of Sterling's perch against the Lira that we have been blogging on in recent weeks, was shown this week, when the Lira gained 2 pence very suddenly as it seemed a deal with the international monetary fund was close to being reached. Still the talks progress and the...

Posted on 26 June 2009

Turkey and UK Increase Trade Relations to Boost Economy

Turkey and the UK have signed a memorandum of understanding on the establishment of a joint economy and trade committee. The move is designed to make trade easier between the two countries, and broaden the horizons for entrepreneurs in both countries, according to UK trade minister Mervyn Davies. Davies addressed...

Posted on 25 June 2009

Turkey Economy to Start Growing in Second Half of Year – Merrill Lynch

Merrill Lynch, a leading player in the global financial circuit has said the Turkish economy will start growing by the 3rd quarter of this year, after suffering heavy quarterly losses of above 6% in the first half of the year. Their analysis has led them to forecast a 0.5% growth...

Posted on 18 June 2009

Brits Eyeing Turkish Property Should Move Now or Risk Paying More

Any Brits planning to buy property in Turkey should be looking to lock in their price now, experts have suggested. The Pound has strengthened a lot against the Turkish Lira in the last couple of months, making Turkish property much cheaper to British buyers, and experts think it may have...

Posted on 12 June 2009