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Tag Archives: property in turkey

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

Spot Blue One of the Most Approachable Companies in the Business

Here at Spot Blue we love Turkey and Turkish property so much that we could just talk about it all day. We are a knowledgeable resource on all things Turkey, especially all about buying property in the country, but we are also one of the most approachable companies. Many people...

Posted on 11 July 2009

Turkish Economy Update: Falls in Q1 Ebbing in Q2

A deal between Turkey and the IMF began to look a lot more likely when it was revealed that the Turkish economy contracted 13.8% in the first quarter of this year. This will likely force the government to adjust its forecast of a 3.6% contraction for this year, likely making...

Posted on 03 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

Pound Strengthens Again – Brits Buy Turkey Property Now for 11% Discount

The British Pound is now worth 2.55 Turkish Lira, having climbed from being worth 2.30 Lira at the beginning of April, meaning Turkey property is now 10.8% less expensive to British buyers than it was in April, and has 10.8% in instant equity. Like we said in a post last...

Posted on 19 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

Fifth Turkish Formula 1 Grand Prix Kicks Off Today

Today is practice day of the fifth Turkish Formula One Grand Prix in Istanbul Park. Though it is not necessarily associated with property, Formula One bringing its prestigious races to Istanbul in 2005 did push property values up in the areas around the circuit.Now the Turkish Grand Prix is an...

Posted on 05 June 2009

Turkish Govt Takes steps to Boost Economy, May Weaken Lira/Boost Property Market

The World Bank is to loan $6.5 million to Turkey, some of the loan will be used as part of the government's initiative to increase employment in the south east of Turkey. Also this week, Turkey signed a free-trade agreement with Serbia, which will massively increase trade between the two...

Posted on 04 June 2009

Off Plan Property Investment in Turkey: How to Avoid Dissapointment

I cannot believe what I just read! In an article in Quest magazine on investing in Turkish property, it says: "Many people associate buying off-plan with the purchase of an apartment however it is also villas and townhouses that are sold in this way. It represents a great way for...

Posted on 15 May 2009