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Tag Archives: Property

Icmeler Villas Becoming Extremely Popular with Foreign Buyers

Icmeler Villas are becoming some of the most popular properties in Turkey. This is coming as quite a shock to many in the industry. Turkey's holiday property markets have traditionally grown fastest in areas where tourism is growing fastest -- the holiday makers of today becoming the holiday home buyers...

Posted on 04 March 2010

Home Sales Rise Fastest in South East Turkey – Turkstat

The south-eastern and eastern regions of Turkey accounted for 28% of a 3.9% quarterly increase in Turkish home sales in the fourth quarter of last year. This was by far the largest proportion held by any region, and proves that the south-east of Turkey has one of the brightest property...

Posted on 26 February 2010

Turkish Property Sales up 24% Year on Year in 2009

House sales in Turkey rose 24% year-on-year in the nine months ending September last year, according to new data from the Real Estate Investing Partners Association (GYODER). The body put the rise down to a reduction in title deed fees and value-added tax (KDV), as well as promotions by developers....

Posted on 25 February 2010

Turkish Stocks Upgraded to Overweight by JP Morgan Chase & Co

Turkish stocks have been upgraded from neutral to "overweight" by major investment group JPMorgan Chase & Co. The group believes that the Turkish economy will recover faster than most emerging markets in 2010, though Turkish economy minister Ali Babacan's statement that a deal with the International Monetary Fund was on...

Posted on 03 December 2009

Turkey Central Bank Cuts Rates Again, Borrowing now at Record Low

The Turkish central bank has cut the key interest rate even further in a bid to shore up the recent economic upturn. The CB cut rates by a further 25 basis points, bringing borrowing rates down to a record low of 6.50 percent and lending rates to 9 percent. This,...

Posted on 27 November 2009

Turkish Property Offering Best Value for Money Brits can Find – added value from weak Lira

The pound is currently surging against the Turkish Lira. It has not gone below 1.45TRY in over a week now. That means that Turkish property is now fluctuating between 9% and 11% cheaper to British buyers than it was in April. Little wonder then that demand for Turkish property is...

Posted on 26 November 2009

The Future is Bright for Turkish Property

The future is bright for Turkish property, according to the consensus of opinion. It is hard to find a report that forecasts anything but continually increasing demand for holiday lets as tourism rises, and solid capital growth in the next few years. A recent article in Country Life, one of...

Posted on 14 November 2009

Saudi Arabian Minister Meets with Turkish President – likely to Discuss Increasing Trade

Turkish President Abdullah Gül received Saudi Arabia's minister of state in Ankara on Friday. Gül and Saudi Arabia's Minister of State for Foreign Affairs Dr. Nezar Obeid Medani had a closed-door meeting at the Çankaya Presidential Palace. This is in return for a visit to Saudi Arabia by Gül in...

Posted on 30 October 2009

Turkey Property (whole Industry) Benefits from Return of British Buyers

There have been numerous signs in the past few weeks that the overseas property industry can breathe a sigh of relief; the worst seems to be over. Overseas Property Professional magazine has featured several articles quoting industry professionals reporting increased leads, and increased sales, including a surprising run on off...

Posted on 25 September 2009

American Tourism to Turkey Rising as Hotel Infrastructure Expands

We have covered on this blog, the massive rise in British tourism to Turkey, which has averaged 20% for the last few years and is expected to hit 25% this year as the strong Euro damages the traditional favourites. Tourism from America is also rising, in fact it grew 2.4%...

Posted on 22 September 2009