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Tag Archives: turkey property

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

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

Gazipasa Airport Progressing Well – Bright Future for Alanya Property Market

The Gazipasa airport is finally open for business. The first (private) flight landed into the airport on the 22nd of this month. The airport has been the cause of much controversy and rumour in the past, each time the reports would come in that the airport was going to open,...

Posted on 30 July 2009

Mortgages still Available for Completed Turkish Properties

As the news continues to tell us that getting a mortgage in the UK is more of an achievement than an occurrence, apparently the situation is a little better in Turkey, though the "banks are being cautious" according to Julian Walker of Turkey property specialist Spot Blue. Pointing out that...

Posted on 24 July 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

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