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Tag Archives: turkey property

Altinkum Marina Completed and Open for Business

The long awaited £33.6 million Altinkum Marina opens today, and it is expected to change the face of Turkey's Aegean coastline at Didim.Encompassing 287,000 square metres of land and a lot more sea, the marina is certainly an impressive feat; comparable to all the glitz and glamour of Dubai's celebrity...

Posted on 17 April 2009

Turkish Property Should be Boosted by Growth in Sterling’s Value

Several positive economic factors to emerge in the past 1-2 weeks have seen Sterling begin to rise against the Euro. Cited as reasons for the rise in the Moneycorp article were: British Purchasing Managers' Indices (PMIs) lead the way in manufacturing and services sectors. Non-controversial G20 communiqué welcomed by markets....

Posted on 10 April 2009

Turkey Property Remains Popular Amid Efforts to Fight Economic Decline

Ziraat Bankasi, Turkey's largest state owned bank has been among the first to pass the central bank rate cuts onto consumers. Turkey's central bank recently cut Turkey's equivalent to the base rate to 10.5%, the latest in a series of cuts which has seen the rate cut by 6% in...

Posted on 25 March 2009

Turkey Property: Mortgages Still Available

Yesterday Forbes ran a story on how Turkey was more resilient to the credit crunch, because of reforms made to its banking sector years ago. Turkey's banking system collapsed in 2001, when "toxic assets, sloppy management and bad credits caused 24 banks to "go south", the article explained. The reforms...

Posted on 13 March 2009