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Tag Archives: Property

Turkey Cuts Key Interest Rate Again – Good News for Property Market

The Turkish central bank has cut its key interest rate by a further fifty basis points. The ninth cut in 11 months now leaves the rate at 7.25%. Turkey has cut its interest rate by more than any other G20 nation. A recent house price index found that the falling...

Posted on 19 September 2009

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

The Growing Popularity of Turkish Property

Turkey was the 4th most popular country with those searching to buy overseas property in August, according to a chart released yesterday by overseas property portal Property Abroad.com. This was above Portugal, Italy, Cyprus and Greece. In an article on Turkey's rising popularity, the portal has put its position in...

Posted on 09 September 2009

Turkish Property Prices Up in July

Turkish property prices increased in six major cities in July, according to the most reputed index ran by reidin.com in conjunction with Garanti bank. The biggest increase was a 3.65% growth in Kocaeli house prices, Adana was a distant second with 1.09%, Ankara third with 0.98% house price growth, and...

Posted on 27 August 2009

Holiday Lettings Pin-Point Property Investment Opportunities in Turkey

Holiday Lettings.co.uk, arguably the world's largest portal for private rental properties around the world, has said that the demand for private rental properties in Marmaris and Istanbul is currently outstripping supply, pointing to a hole in the market that property investors could profit from filling. Easyjet has revealed that it...

Posted on 22 August 2009

Turkey Cuts Interest Rate Again – Now is the Time to Buy Property

Turkey, which had already cut its key interest rate by more than any G20 country has reduced the rate by a further half a percentage point to just 7.75% earlier this week. Turkey has now reduced the over-night borrowing rate by 9% in the last 12 months. The reductions do...

Posted on 21 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

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