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Top of the Props: Most Popular Turkish Properties in October

With the recent news of a 7% rise in Turkish property prices in the last year, courtesy of the Turkish Real Estate Investment Association GYODER, it seemed like a good time to present the latest data on our most popular properties. Altinkum -- famed for its low cost properties --...

Posted on 11 November 2011

Turkish Airlines Istanbul Ataturk Now Most Diverse Hub in Europe

From its hub at Istanbul Ataturk, Turkish Airlines now offers a wider range of non-stop flights than any other carrier does from a single airport. Turkish Airlines now flies non-stop from Ataturk to 172 destinations around the world, leaving its nearest competitor Lufthansa some way behind flying to 158 destinations...

Posted on 10 November 2011

Turkish Property Prices Continue Steady Growth

Turkish house prices continue to grow at a steady pace according to the latest data from Gyoder in partnership with Reidin. Over the first few months of this year, month in month out the index showed year on year growth averaging around 6% and monthly growth hovering around 1% or...

Posted on 09 November 2011

Turkey Unaffected by Euro Debt Contagion says Erdogan

Speaking at the B20 business event at the G20 in Cannes, the ever-charismatic Turkish Prime Minister Erdogan told the audience of CEO's and businessmen that Turkey's history of reforms make it immune from the sovereign debt crisis engulfing Europe. "Structural reforms created an environment ensuring that, even in times of...

Posted on 04 November 2011

British Airways Looks to Increase Istanbul Flights

British Airlines is looking to further increase the number of transit flights to and from Istanbul, according to a manager with the firm. Gavin Halliday, who is the general manager of the firm's Europe and Africa operations said: "Not only has the number of people visiting Turkey increased, the number...

Posted on 03 November 2011

Turkish Banking Shares Surge on Central Bank Announcement

Turkish banking shares saw a three-day losing streak broken into a surge after the central bank cut reserve requirements on lira liabilities, which freed up capital for increased lending. The banking shared index rose 3.3% at the close, almost completely reversing the previous day's 3.5pc fall. The biggest gain was...

Posted on 28 October 2011

Turkish Tourism Looks Set for 30m Target

According to the latest data tourism to Turkey is continuing to grow strongly. The Culture and Tourism Ministry has just released data on the first nine months of this year, showing tourism up 10.67% compared to the same period last year. This is slower than the 12% year on year...

Posted on 27 October 2011

World Bank Plans to Boost Investment in Turkey

According to a top World Bank executive a new proposed Country Partnership Strategy will generate a considerable amount of investment for Turkey. "The Turkish government and World Bank have had talks in participating in CPS," Ulrich Zachau, the World Bank Turkey director, told Reuters in Ankara. The strategy is to...

Posted on 22 October 2011

Pegasus Airlines Launches Further Expansion from Istanbul Sabiha Gocken

Yet more new flights to the bustling Istanbul Sabiha Gocken airport were announced this week, when Pegasus Airlines launched a new route, flying thrice weekly between the airport and Kosovo capital Pristina. Competing on the route from Istanbul's other airport (Ataturk) are Turkish Airlines' daily service as well as Atlasjet's...

Posted on 21 October 2011

Turkey Property Boom Looks Set to Continue/Expand

The fact that the Turkish property market is booming this year is in little doubt, but there is increasing evidence that even with its rapid growth of late, that it could still be accelerating further. According to the latest data from the Turkish real estate investing partners association in conjunction...

Posted on 13 October 2011