Franklin Templeton aims to expand in Turkey
Friday, May 16, 2008
Annual meeting of the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) in Istanbul was attended by nearly 400 real estate investment professionals.
Turkey offers notable future potential for real estate investment is further asserted by the news that Franklin Templeton Real Estate Advisors is looking for funds to operate in Turkey. At present, Franklin Templeton has invested in one private real estate fund in Turkey and has two business partners locally in Turkey. Franklin Templeton's real estate assets in Turkey include a retail unit and residential properties.
Franklin Templeton Real Estate Advisors plan to invest in Turkey was announced at the yearly conference of the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) in Istanbul. The annual conference was graced with the presence of 400 real estate professionals. Raymond J. Jacobs, managing director of Franklin Templeton Real Estate Advisers has said that Turkey is a good nation for the investors to consider since it is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.
Hakan Kodal, president and chief executive officer of Krea Real Estate Development and Investment in Istanbul, said at the conference that the total housing demand is projected to be around 6.9 million units over 10 years. He also said that this is the ideal time to take a medium to long-term position in investing in Turkish real estate.
Social BookmarkingTurkey offers notable future potential for real estate investment is further asserted by the news that Franklin Templeton Real Estate Advisors is looking for funds to operate in Turkey. At present, Franklin Templeton has invested in one private real estate fund in Turkey and has two business partners locally in Turkey. Franklin Templeton's real estate assets in Turkey include a retail unit and residential properties.
Franklin Templeton Real Estate Advisors plan to invest in Turkey was announced at the yearly conference of the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) in Istanbul. The annual conference was graced with the presence of 400 real estate professionals. Raymond J. Jacobs, managing director of Franklin Templeton Real Estate Advisers has said that Turkey is a good nation for the investors to consider since it is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.
Hakan Kodal, president and chief executive officer of Krea Real Estate Development and Investment in Istanbul, said at the conference that the total housing demand is projected to be around 6.9 million units over 10 years. He also said that this is the ideal time to take a medium to long-term position in investing in Turkish real estate.
Labels: Investment-property, Latest-news, Turkish-property
posted by EstatesNewz, 11:26 PM
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Queen's visit reiterates Turkey's EU accession
Wednesday, May 14, 2008
The Queen and the Duke of Edinburgh began a historic visit to Turkey on 13 may for the first time since 1971. The Queen will arrive in the Turkish capital on 13th evening and also accompanied by a delegation including foreign minister David Miliband, will spend four days in Turkey, visiting places such as Istanbul, Bursa and Ankara.
The British government has time and again supported the idea of Turkey’s EU accession, although countries such as France are against it. British Prime Minister Gordon Brown has already been publicly supported Turkey's planned bid to become an EU member.
Foreign Property Buyer commented has reported that Turkey is attracting high levels of interest from investors in other countries. The news portal also added that Turkey's efforts to join the EU means there is massive potential for capital growth in its housing market.
Foreign Office spokesperson said in a press conference about Queen’s visit to Turkey is a symbolic statement to reiterate British support for democratic transformations and modernisation in Turkey and continuous support for its ultimate accession to the EU.
The British government has time and again supported the idea of Turkey’s EU accession, although countries such as France are against it. British Prime Minister Gordon Brown has already been publicly supported Turkey's planned bid to become an EU member.
Foreign Property Buyer commented has reported that Turkey is attracting high levels of interest from investors in other countries. The news portal also added that Turkey's efforts to join the EU means there is massive potential for capital growth in its housing market.
Foreign Office spokesperson said in a press conference about Queen’s visit to Turkey is a symbolic statement to reiterate British support for democratic transformations and modernisation in Turkey and continuous support for its ultimate accession to the EU.
Labels: Latest-news
posted by EstatesNewz, 10:46 PM
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Strong Euro boosts Turkish property investments
Saturday, May 10, 2008
According to the Turkish Hotels Federation, demand for rental accommodations in Turkey has gone up this year as more and more tourists are visiting Turkey. Owners of holiday accommodation in Turkey should benefit from higher occupancy rates and healthy rental yields.
John Bevan of Lastminute.com recently said that Turkey is now most popular tourist destination because it is so much cheaper than many Eurozone members. The pound has touched a record low against the euro and the Eurozone currency is now worth 80 pence. This means that pound will not buy as many euros, making things more expensive for the British tourists in European countries. Turkey is becoming an increasingly popular destination among British tourists. Guardian has reported recently that Turkey is a good destination for Britons who want to travel abroad with a more favourable exchange rate.
Thomas Cook recently revealed that British leisure travelers are increasingly opting to head outside of the Eurozone. The present exchange rate of the pound against the euro was cited as one of the main reasons for tourists to head for countries that are not in the currency, such as Turkey.
Ahmet Barut, chairman of Turkish Hotels Federation said in an interview to TurkishPress.com that a record number of people are likely to visit Turkey in 2008 and he predicted about 27 million holidaymakers will visit Turkey this year.
Social BookmarkingJohn Bevan of Lastminute.com recently said that Turkey is now most popular tourist destination because it is so much cheaper than many Eurozone members. The pound has touched a record low against the euro and the Eurozone currency is now worth 80 pence. This means that pound will not buy as many euros, making things more expensive for the British tourists in European countries. Turkey is becoming an increasingly popular destination among British tourists. Guardian has reported recently that Turkey is a good destination for Britons who want to travel abroad with a more favourable exchange rate.
Thomas Cook recently revealed that British leisure travelers are increasingly opting to head outside of the Eurozone. The present exchange rate of the pound against the euro was cited as one of the main reasons for tourists to head for countries that are not in the currency, such as Turkey.
Ahmet Barut, chairman of Turkish Hotels Federation said in an interview to TurkishPress.com that a record number of people are likely to visit Turkey in 2008 and he predicted about 27 million holidaymakers will visit Turkey this year.
Labels: Holiday-property, Tourism
posted by EstatesNewz, 11:22 PM
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Turkish Caves (Museum Hotel) attract tourists
Cappadocia region is one of the most important tourism centers of Turkey visited every year by thousands of tourists coming from every part of the world. Cappadocia is situated in central Anatolia, nearly 200 kilometers southeast of Ankara. Cappadocia has exceptional rock formations and magnificent caves and it is the common name of the field covered by the provinces of Nigde, Aksaray, Nevsehir, Kayseri and Kirsehir in the Middle Anatolian region.
The first human settlements in the prehistoric periods built the underground cities in the volcanic rocks to defend themselves from the wild animals and they lived for long periods in these underground cities.
Ömer Tosun, antique and ancient rug expert, had the caves and prehistoric residential areas in Cappadocia’s Uçhisar district renovated and turned them into museum-hotels. The Museum-Hotel has a 30 room capacity. Each of the rooms is named according to the antiques inside rather than traditional room numbers. Tosun has stated that he knew the region and the texture of the historical structures well as he is the native of the region and so he was able to copy the originals without destroying its nature.
Tosun's museum-hotel is the first of its kind in Turkey and this unique concept which mixes his fervor for antiques and his entrepreneurial attitude. During the short period the Museum Hotel has been open for business it has attracted large number of tourists worldwide and has hosted celebrities like Henry Ford's daughter, Anne Ford and Hollywood star Harvey Keitel.
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The first human settlements in the prehistoric periods built the underground cities in the volcanic rocks to defend themselves from the wild animals and they lived for long periods in these underground cities.
Ömer Tosun, antique and ancient rug expert, had the caves and prehistoric residential areas in Cappadocia’s Uçhisar district renovated and turned them into museum-hotels. The Museum-Hotel has a 30 room capacity. Each of the rooms is named according to the antiques inside rather than traditional room numbers. Tosun has stated that he knew the region and the texture of the historical structures well as he is the native of the region and so he was able to copy the originals without destroying its nature.
Tosun's museum-hotel is the first of its kind in Turkey and this unique concept which mixes his fervor for antiques and his entrepreneurial attitude. During the short period the Museum Hotel has been open for business it has attracted large number of tourists worldwide and has hosted celebrities like Henry Ford's daughter, Anne Ford and Hollywood star Harvey Keitel.
Labels: Holiday-property, Tourism
posted by EstatesNewz, 12:44 AM
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Eurasia property fair from 12-15 June in Istanbul
Tuesday, May 6, 2008
The Real Estate Eurasia Fair will take place at the TÜYAP Fair Center from June 12-15 in Istanbul. This is the only real estate and investment fair encouraged and backed by International Real Estate Committee (FIABCI), the Istanbul Real Estate Commissioners Trade Corporation and the Central Europe Real Estate Unions Network (CEREAN).
The Real Estate Eurasia enables as a coordination point for firms operating in the real estate and investment sector across the world and will host around 250 projects and products from countries like Turkey, Kazakhstan, Ukraine, Spain, UAE, Kuwait, Qatar, Bahrain and Italy.
More than 15,000 professional visitors from more than 60 countries are expected to meet the participant firms. Furthermore, thousands of overseas investors, property developers, engineers, architects and cream of the crop real estate agencies will explore the new investment opportunities.
This is the biggest fair of Eurasia Region that has the profile with the highest potential of visitors and biggest number of exhibitors. Euro-Real Estate 2007 Property Investment and Development Trade Fair where more than 300 new projects were showcased and this year it is expected to be more.
Social BookmarkingThe Real Estate Eurasia enables as a coordination point for firms operating in the real estate and investment sector across the world and will host around 250 projects and products from countries like Turkey, Kazakhstan, Ukraine, Spain, UAE, Kuwait, Qatar, Bahrain and Italy.
More than 15,000 professional visitors from more than 60 countries are expected to meet the participant firms. Furthermore, thousands of overseas investors, property developers, engineers, architects and cream of the crop real estate agencies will explore the new investment opportunities.
This is the biggest fair of Eurasia Region that has the profile with the highest potential of visitors and biggest number of exhibitors. Euro-Real Estate 2007 Property Investment and Development Trade Fair where more than 300 new projects were showcased and this year it is expected to be more.
Labels: Property-show
posted by EstatesNewz, 11:38 PM
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New Turkish law will end delays in foreign property transactions
It has been officially confirmed the temporary suspension of the issuing of title deeds to overseas investors by the Turkish Constitutional Court will end on July 16th.
Earlier the Constitutional Court of Turkey has stated that a specific section of Article 35 of the Title Deed Act (Tapu), which administrates the property acquisition by non-Turkish nationals, is contrary to the Turkish constitution. John Howell, of the International Law Partnership has said that the issue is not about permission of buying land and property in Turkey, but rather about the relaxation of the rules regarding the amount of land that overseas property investors can buy.
Overseas investors who are likely planning to buy in an officially zoned area of Turkey will have to wait for a short time before it can be secured. Dominic Whiting, editor of the Buying in Turkey guide has said that the amendments will have completely no impact on the mainstream British buyers purchasing property or land but they need to wait until the new law is passed on 16th July. With the implementation of new law, foreign companies will be prevented from buying land only in countryside or possessing over 0.5% of the land in any one province. The changes are not expected to adversely influence Turkey property market in general.
Mr. Howell further added that this is a fleeting measure and once the government decides about the new legislation, the suspension will be lifted. A government spokesman officially confirmed the new law is scheduled to be passed on 16th July 2008.
Social BookmarkingEarlier the Constitutional Court of Turkey has stated that a specific section of Article 35 of the Title Deed Act (Tapu), which administrates the property acquisition by non-Turkish nationals, is contrary to the Turkish constitution. John Howell, of the International Law Partnership has said that the issue is not about permission of buying land and property in Turkey, but rather about the relaxation of the rules regarding the amount of land that overseas property investors can buy.
Overseas investors who are likely planning to buy in an officially zoned area of Turkey will have to wait for a short time before it can be secured. Dominic Whiting, editor of the Buying in Turkey guide has said that the amendments will have completely no impact on the mainstream British buyers purchasing property or land but they need to wait until the new law is passed on 16th July. With the implementation of new law, foreign companies will be prevented from buying land only in countryside or possessing over 0.5% of the land in any one province. The changes are not expected to adversely influence Turkey property market in general.
Mr. Howell further added that this is a fleeting measure and once the government decides about the new legislation, the suspension will be lifted. A government spokesman officially confirmed the new law is scheduled to be passed on 16th July 2008.
Labels: Investment-property, Property-law
posted by EstatesNewz, 1:14 AM
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Turkish golf courses attract more visitors
Saturday, May 3, 2008
A KPMG Golf Advisory Services recent study has found that Turkey is set to become one of the world's hotspots for golf holidays. Travel Daily News reports say that Turkey is on the threshold of dislodging France and Spain as the golf centers of the world.
Head of KPMG's specialist Golf Advisory Services Team has said that the golf industry is currently benefiting from the continuous development of the travel and tourism industry. Turkey is posing a stiff challenge to the traditional golf markets of Europe and North America as it offers high quality golfing experiences at affordable prices.
Turkey's aviation sector was recently cited as one of the reasons for the country's emergence as a golfing destination during the last few years. The increase of new golfing facilities in Turkey is anticipated to have a positive impact on increasing the country's appeal to overseas investors.
The launch of new flights to and from the country could boost the tourism industry even further. Rhiannon Williamson of ShelterOffshore.com has stated that 25 million vacationers are expected to arrive in Turkey this year. It could tempt foreign property buyers to invest in the turkey’s property market.
Head of KPMG's specialist Golf Advisory Services Team has said that the golf industry is currently benefiting from the continuous development of the travel and tourism industry. Turkey is posing a stiff challenge to the traditional golf markets of Europe and North America as it offers high quality golfing experiences at affordable prices.
Turkey's aviation sector was recently cited as one of the reasons for the country's emergence as a golfing destination during the last few years. The increase of new golfing facilities in Turkey is anticipated to have a positive impact on increasing the country's appeal to overseas investors.
The launch of new flights to and from the country could boost the tourism industry even further. Rhiannon Williamson of ShelterOffshore.com has stated that 25 million vacationers are expected to arrive in Turkey this year. It could tempt foreign property buyers to invest in the turkey’s property market.
Labels: Golf-property, Latest-news
posted by EstatesNewz, 12:03 AM
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