Wednesday, May 28, 2008

Turkey become a popular holiday destination for Dutch tourists


There is a significant increase in the number of Dutch visitors in Turkey and experts have predicted a further increase will be recorded this year. This would increase the demand for temporary lodgings in popular tourist hotspots during the peak holiday season. The number of Dutch visitors has gone up consistently since 2003.

Yildiray Karaer, director of low-cost airline Corendon Air has commented that Turkey has emerged as Holland's most popular holiday destination, Dutch holidaymakers are flocking Turkey throughout the year. The airline has revealed that Turkey at present has a 25% share of the Dutch tourism market.

Ertugrul Gunay, Culture and tourism minister has said that Turkey has attracted more than 23 million foreign leisure travelers in 2007 which makes it the ninth-most visited country in the world in 2007 and 11th place in terms of amount of revenue generated by tourism.

Turkey is recommended by the Telegraph because it presently offers very favourable exchange rates with the UK. France and Portugal has become more expensive places to visit due to strong euro. Moreover, it said that the cost of renting a property in some areas is about half the cost of accommodation in Spain. Turkey has become "number one" tourist destination because it is so much cheaper than many eurozone members.

The growing tourist sector is a positive development for owners of property in Turkey, as it suggests they may benefit from further rental demand in future. The added interest would also lead to the rise in the value of property. Consequently, investors would be able to amass the proceeds of substantial capital growth.

Tuesday, May 27, 2008

Istanbul tipped as next property hotspot

The Turkish Daily News has reported city mayor Kadir Topbas speaking in real estate investments and urban regeneration conference said that Istanbul is ideal overseas investors. Mr. Topbas has said that Istanbul is a good option because it presents a range of investment opportunities.

The official data released by the Land Registry Office has revealed that over 1 million properties were sold in 2006 with annual revenue generated by the sales rising 14.7% from 2005 and the sales revenue increased by 30% last year. This proves that Property in Istanbul is most valuable in the country. Today's Zaman reported that The Turkish Highways Directorate has sold land in Istanbul for $800 million which emphasize the lucrative investment opportunity provided by the real estate market in the city.

Foreign Property Buyer has stated that Istanbul is attracting high levels of interest from investors in other countries. Cultural attractions, a good transport infrastructure and Istanbul's accessibility from the UK are cited as possible reasons for its popularity with British investors. The recent PricewaterhouseCoopers/Urban Land Institute survey has revealed that Istanbul offers better real estate development scenario than any other city.

Moreover, the government is diverting significant amount of money with the purpose of restoring and preserving sites of local, cultural and artistic interest so as to make it the European Capital of Culture in 2010.

Monday, May 26, 2008

German bank Europhypo highlights Turkey property market

German investment bank Europhypo has highlighted Turkey as a possible option for investors who are seeking to collect good returns. The bank has said that the earning potential from Turkish real estate is at around 6 times the rate it would achieve in Spain in the same period.

The bank has started financing real estate in Turkey last year but has already amassed £376 million in earnings. Hartwig Glatzki of Eurohypo has said that they had a detailed study before entering the Turkish market. In only one year of operations in Turkey the volume of revenues obtained is comparable to a six year period in Spain.

The Turkish Daily News has reported that the bank anticipates strong returns on the market and it is predicting to accumulate £2 billion in the next five years. Mr Glatzki also stated that the south-east European country could potentially experience a property boom in the near future and property experts feel that Turkey could be a "very interesting market" to watch over for the next few years.

Recently ‘The Independent’ has reported that Turkey is becoming popular because its housing markets are growing at a considerable pace. The house prices went up by 20 per cent in 2007, while its property values are rather cheap when compared with the UK.

Sunday, May 25, 2008

Turkey recommended as an alternative to Spain

The newspaper Daily Mail reported that properties in Turkey are not only cheaper than those in neighboring Mediterranean nations but also it has a number of lifestyle attractions which appeal to overseas investors. The publication highlighted Turkey's physical attributes including its warm weather, attractive scenery and exotic culture. Besides, it revealed that its comparatively low cost of living is also proving attractive to property investors.

The cheap prices, good-quality infrastructure, amenities and climate are sure to drive the interest in property investment and make Turkey as property hotspot in the future. Turkish Press revealed government official figures that till March 2008, the tourism sector generated about £1.4 billion.

Property experts recommend Turkey as good option for investors as it is much less expensive than property in Spain . Recent report in the Guardian said Turkey is a good destination for Britons who want to travel somewhere as France and Spain has become expensive. The publication recommended Turkey as an ideal alternative as it has more favourable exchange rates.

The Telegraph stated that potential UK purchasers who have been priced out of the domestic housing market are looking for potential opportunities in Turkey as it is a cheaper alternative to UK, Spain and other European countries. This is because overseas property investors can enter the property market at a price which compares very favourably with those in Spain or UK.
In addition, the potential for capital growth and strong rental yields means property purchase in Turkey could prove to be highly lucrative.

Friday, May 23, 2008

Moneycorp believes Turkey is a tasty destination for UK investors


Turkey is becoming more and more popular with British investors. Moneycorp currency dealing desk has revealed that the number of inquiries relating to buying property in Turkey is increased more than threefold between 2006 and 2007.

Moneycorp believes that Turkey continues to attract a high level of interest from investors in spite of the fact that number of economic problems like the global credit crunch is affecting demand for property in some countries. The slump in the global economy is not putting off the property investors from entering the Turkish market. Britons are choosing to visit countries which are not part of the single European currency as pound is now at a record low against the euro. This trend could prove to be advantageous to owners of rental accommodation in Turkey.

Overseas property buyers are increasingly choosing to snap up properties in the established locations such as Istanbul, Antalya, Bodrum and Ankara. Governor of Mugla province has stated that towns like Bodrum and Fethiye are attracting more visitors in 2008. A report in Today's Zaman revealed that over 10,000 British have invested in Turkey's Mugla province in recent years.

Overseas property buyers in the UK have been advised to consider entering the Turkish market by FirstRungNow.com as its market is supported by a number of strong fundamentals.

Thursday, May 22, 2008

Turkey's possible inclusion in EBRD excite property investors

AFP has recently reported that European Bank for Reconstruction and Development (EBRD) governors will decide Turkey's inclusion in the bank's line-up of investment countries in October. Turkey's official application was accepted "in principle," yet the ultimate approval process will take place 3 months later. The possibility of including Turkey in EBRDs line-up of investment countries would mark a most significant change.

The Bank, within the outline of strategy for priority to Turkey, will invite overseas investors to invest in banking, Real estate, tourism etc. Turkey is expected to attract high level of private sector investment in the future. David McCormick, U.S. Treasury under-secretary for international affairs, told on Sunday in a meeting of EBRD that Turkey's application would be reviewed thoroughly in the coming months.

Recently Turkey was recommended by ShelterOffshore.com, which said it offers far more affordable property values than the UK. EBRD announced that it is expected to give top priority to investments in Turkey and is likely to declare Turkey as the main target of its enlargement strategy. Overseas property investors could be in line to benefit from the news about Turkey’s possible inclusion in EBRD.

Property experts say Turkey could be a very interesting market to watch over the next few years and are advised to pay close attention to Turkey.

Sunday, May 18, 2008

Turkish Real Estate Summit focuses on investment opportunities

The Turkish daily news has reported that the GYODER Turkish Real Estate Summit will take place in Istanbul's Swiss hotel, bringing representatives of the sector in Turkey and international real estate investors together. GYODER was created in 1999 by the representatives of existing and new Real Estate Investment Companies (REICs). The summit will spotlight on the investment opportunities in Turkey during the 7 sessions and in 2 days of the summit. A wide range of international speakers and top personnel from the Turkish Real Estate Industry, several representatives from Government and the Public Sector will also speak at the Summit.
Turkish real estate summit 2008
The summit is supported by International organizations such as the National Association of Real Estate Investment Trust, the Urban Land Institute, the European Public Real Estate Association (EPRA) and the Housing Development Administration of Turkey (TOKİ).

Dr Sinan Özkan, chairman of the World Architectural Association, said the desire for new buildings in Turkey should go compatible with modern solutions. In the summits held earlier urban land development, residential investments, foreign capital in Turkey, commercial real estate and good quality constructions are discussed by local and foreign attendees. This is an initiative to find out realistic answers to the main problems in the Turkish real estate market. Nurhan Azizoğlu, vice chairman of GYODER has said that Turkey is a good nation for the property investors to consider. Turkey is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.

Meanwhile, Overseas Investors who are looking to buy a property at a realistic price have been pointed towards Turkey. Turkey is getting popular because of its attractions, including its good-quality infrastructure, amenities and year round good climate. These factors, combined with its comparatively low cost of living, are said to make it perfect for overseas buyers.

Istanbul

  • Area: roughly 707 square miles / 1,830 square kilometers
  • Population: approximately 11.5 million
  • Language: Turkish
  • Currency: New Turkish Lira (TRY)
  • Time Zone: EET (UTC+2)
  • Country dialing code: +90
  • Telephone area code: 212
  • Average daily Istanbul January temperature: 8°C / 46°F
  • Average daily Istanbul July temperature: 29°C / 84°F
Located on both sides of the Bosphorus strait, the narrow strait between the Black Sea and the Marmara Sea, Istanbul is Turkey’s most populous city and its cultural as well as its financial center. Istanbul was one of three European Capitals of Culture in 2010 and it bridges Europe and Asia both physically and culturally. Istanbul's population is estimated to be 15 million people making it also one of the largest in Europe and the world. The tourism offerings in Istanbul are amongst the best the country has, ranging from conventional architecture to the bustling market activities.

Forming the financial heart of Turkey and home to more than 11 million residents, Istanbul is home to many remarkable remnants from the Turkish Ottoman Empire, such as grand palaces and historical mosques, as well as Turkish bathhouses (Hamams) and museums packed with information. Situated within the north-westerly Turkish region of Marmara, Istanbul is home to a large natural harbour, which has been named the Golden Horn and divides Turkey's Anatolia and Rumelia areas, linking the Sea of Marmara with the Black Sea. Istanbul is comprised of no less than 27 individual districts.

Istanbul History

Istanbul was most likely inhabited by people as early as 3000 BC. Greek colonists led by King Byzas established the colony of Byzantium finally in the 7th century, the Greek name for a city on the Bosphorus. After consulting an oracle of Delphi, Byzas chose the spot as they told him to settle across from the "land of the blind ones." in fact, these colonists were led by King Byzas and settled there because of the strategic location along the Bosporus Strait and the king named the city Byzantium after himself. This proved a fortunate decision by Byzas, as history has shown Istanbul's location important far beyond what these early Greek settlers might possibly have conceived.

Following its development by the Greeks, in the early 100's BC, it became part of the Roman Empire and in 306 AD, Emperor Constantine the great made Byzantium capital of the Eastern Roman empire. During this time, the Roman emperor carried out a construction project to rebuild the entire city to make it stand out and give the city monuments similar to those found in Rome. The emperor declared the city as the capital of the entire Roman Empire in 330 BC and renamed it Constantinople. The city grew and prospered under Romans. In 395BC, after the death of the emperor Theodosius I enormous disorder took place in the empire as his sons permanently divided the empire and in the 400s Constantinople became the capital of the Byzantine Empire. The city became markedly Greek as part of the Byzantine Empire, in contrast to its former individuality in the Roman Empire. Constantinople became a center of commerce, culture, diplomacy, and grew considerably as it was at the center of two continents. In 532, after the anti-government Nika Revolt, the Constantinople was renovated and many of its most wonderful monuments were constructed- one of which was the Haghia Sophia as Constantinople became the center of the Greek Orthodox Church.

Constantinople significantly prospered during the Byzantine Empire which made it a target for many conquests. Troops from all over the Middle-East attacked the city for hundreds of years. Afterwards, Constantinople became the center of the Catholic Latin Empire. Constantinople was caught in the middle and began to significantly decay as competition persisted between the Catholic Latin Empire and the Greek Orthodox Byzantine Empire. In 1261, the Empire of Nicaea recaptured Constantinople in the midst of all turmoil and it was returned to the Byzantine Empire. Meanwhile, the Ottoman Turks began conquering the cities surrounding Constantinople, successfully cutting it off from many of its neighboring cities. Constantinople was officially conquered by the Ottomans led by Sultan Mehmed II on 1453, after being significantly weakened by constant invasions and being cut off from its neighbors by the Ottoman Turks. Constantinople was named as the capital of the Ottoman Empire and its name was changed to Istanbul.

Sultan Mehmed after taking control sought to rejuvenate Istanbul. He built the Grand Bazaar, architectural monuments, schools, hospitals, public baths, and grand imperial mosques. He patronized fleeing Catholic and Greek Orthodox residents. Also, he brought in Muslim, Christian, and Jewish families to set up a mixed populace. During the reign of Suleiman, the Magnificent from 1520 to 1566, there were many artistic and architectural achievements that made the city as a major cultural, political, and commercial center. Until it was defeated and occupied by the allies in World War I, The Ottoman Empire ruled Istanbul. The Turkish War of Independence took place after its occupation by the allies in World War I and Istanbul became a part of the Republic of Turkey in 1923. During the early years of the Turkish republic, Istanbul was not the capital city and investment went into the new centrally located capital Ankara. Still, Istanbul has continued to expand spectacularly and re-emerged with construction of new public squares, avenues and boulevards. Today its population is over 13 million and increases at an estimated 700,000 immigrants per year.

When to visit Istanbul

Much of Istanbul is mountainous and particularly in the old part many of the streets are steep and narrow. This big city is spread over seven hills and surrounded on three sides by water which makes it amazingly beautiful. The best time to visit Istanbul is from April to October excluding the hot months of July and August. However, the weather patterns are prone to change and August is getting cooler towards the end. Experts have said that after mid-August the weather changes and the heat of summer leave Istanbul. Summer rains are rare and lasts less than an hour. Visiting the city in July can be good for those who would like to go to music concerts and are not wary of hot weather to enjoy pleasant Istanbul nights by the sea.

Climate of Istanbul

The climate of Istanbul falls into temperate climate category, which means that there are no distinct seasons and temperature changes are quite subtle. Generally, summer is both hot and humid, while the winters are significantly cooler and rather wet at times. Summer is hot with average temperature around 27ºC during the day and 18ºC at night. The concrete-island effect and High relative humidity levels only make things worse. Summer is also the driest season, but it does rarely rain and Showers tend to last for 15-30 minutes. July and August are consistently the hottest months in Istanbul and during the very sunniest of weather, the temperatures climb above 30°C and the humidity levels make the climate feel even hotter.

The time when the trees have shed their leaves and the skies are blue, spring is the perfect time to pay a visit to Istanbul as it is looking at its very best between April and June. The temperatures during spring are generally around 20°C and plenty of sunny weather, as well as this time of year is evidently quieter than the following summer tourist season. January tends to be the coldest month and the winter climate in Istanbul is absolutely chilly around 8°C / 46°F by day and often frosty overnight. Snowy weather can be expected during the winter months which occur almost annually and snowfall is common between the months of December and March. The annual total snow cover of almost three weeks, however average winter snowfall varies considerably from year to year. The snow cover usually remains only for a few days after each snowfall, even under intense snow conditions.

Istanbul Tourist Attractions:

Suleymaniye Bath

Turkish bath (The Hamam) has been an integral part of the society for centuries and a very popular attraction for visiting tourists looking for the ultimate Turkish experience. Usually, the baths have a changing room, a cold room, hot room and some may also include a warming room to help bathers acclimatize more gently. There are at least one historical hamam in each neighborhood of Istanbul and most of them will offer a scrubbing and/or a massage. Sulemaniye Bath has no segregation for men and women (the only Hamam to do so), allowing families to enjoy the facilities together.

Open: daily - 06:00 to midnight
Tel: +90 212 520 3410

Dolmabahce Sarayi

The Dolmabahce Sarayi palace was built by Adbul Mecit in the 19th century by and today remains an impressive, must- see attraction. Mecit lavishly built the palace and he even hired an Armenian architect to impart a more international appeal. The result is a reminiscent mix of Turkish, European and Hindu architectural styles, with a similarly opulent interior.

Open: Tuesday, Wednesday, Friday to Sunday - 09:00 to 16:00
Tel: +90 212 236 9000

Grand Bazaar

Originally built out of wood after the Ottoman conquest, This is one of the world's largest covered marketplaces and the Bazaar gradually grew over the ages into a extensive labyrinth of commerce. The bazaar includes more than 50 streets and thousands of shops, together with fountains, wells, and mosques. The Grand Bazaar is a must for all visitors.

Open: Monday to Saturday - 09:00 to 19:00
Admission: Free

Princes' Islands

Just over 20 km to the south-east and lying within the Sea of Marmara, this collection of nine islands is an outstanding day trip destination. With attractions to match their heritage, such as Victorian villages and hilltop chapels, the Princes' Islands offer a long and interesting history and Regular ferry trips connect the Islands, such as Bostanci, Heybeliada, Burgazada, Eminonu and Kinaliada. Buyukada is the biggest of all the islands which means the 'Great Island'. The main reason to pay a visit to the Princes' Islands is simply the peace, tranquility, beach-side attractions, along with a number of historic buildings, which create a pleasing atmosphere.

Open: daily
Admission: free

Hagia Sophia (Aya Sofya)

The Church of the Holy Wisdom, known as Hagia Sophia and Aya Sofya in Turkish, is a former Byzantine church and now a museum, Hagia Sophia is universally acknowledged as one of the great buildings of the world. This ancient basilica was built for Roman Emperor Justinian I and later improved by Emperor Constantine, A must-visit for all tourists in Istanbul. The main ground plan of the building is a rectangle, 230 feet (70 m) in width and 246 feet (75 m) in length. The dome is 30 meters / 100 foot across and has a classical basilica plan.

Open: Tuesday to Sunday - 09:00 to 18:00
Charge: 10YTL ($8.70) to grounds and main floor; another 10YTL for admission to gallery
Tel: +90 212 522 1750

Topkapi Palace

The palace was built in between 1466 and 1478 by the Sultan mehmet on top of a hill in a small peninsula. The Topkapi Palace is a prolifically decorated palace and reached its peak in the 1500s, as it served both as the government seat and summer residence for members of state, members of the military and Ottoman elite. There were originally around 1000 residents of the Palace at the beginning, but it dramatically rose to 5,000 during normal days and 10,000 during festivals, approximately. During the foundation years, the palace having around 700,000 m2 of area and it currently has only 80,000 m2 of area because of building constructions in its grounds towards the end.

Open: Wednesday to Monday - 09:00 to 17:00
Tel: +90 212 512 0480

Istanbul Calendar of Festivals and Events

January
  • Kurban Bayram - also known as the Feast of the Sacrifice, this festival is celebrated by Muslims around the world.
February
  • Istanbul Fashion Fair - showcases cutting-edge designs generated by Turkey's fashion elite
March
  • Water and Film Events - Debates and screenings are held during this four-day event
April
  • Istanbul International Film Festival
May
  • Ataturk Commemoration Day - May 19th, a national holiday in remembrance of the legacy of Turkey's revolutionary icon
  • International Theatre Festival – Visitors over 20,000 gather for this event and A lifetime achievement is awarded both in Turkish and international arenas.
June
  • International Istanbul Music Festival - this event stretches from June to July and Performers from around the world participate in this event which features ballet, opera and classical music performances.
July
  • Istanbul International Jazz Festival - This features jazz musicians from around the world. And is organised by the Istanbul Foundation of Culture and Arts
August
  • Victory Day - a national holiday celebrating a 1922 battle against the Greeks.
September
  • Izmir Fair International Folk Dance Festival
October
  • Republic Day
November
  • Remembering Ataturk's Death
December
  • Mevlana Festival - a festival is held to honour the 14th century poet and mystic Celaddin Rumi.

Dining and Restaurants in Istanbul
Istanbul has fostered a truly eclectic culture of dining and it reflects the culture's passion for good food and dining out. The local meal begins with mezes (similar to Spanish tapas) before moving on to main courses showcasing fresh, local seafood. Alcoholic beverages are still readily available despite the city's tenor of Islam. Visitors to Istanbul were greeted almost completely with local cuisine in the past, however in recent years; many upscale restaurants have been diversifying and developing menus with international flavors with local Turkish standards. Visitors to Istanbul head to the waterfront eateries situated along the Bosphorus Strait For the finest dining experience as they provide upscale dining, much of which features the best of local cuisine backed by outstanding views of the strait and the historic cityscape.

The Beyoglu district is particularly well known in Istanbul for serving seafood. The old quarter of Istanbul is full of local Turkish cuisine, and visitors will discover that eating in these small, family owned restaurants is extremely economical. Outdoor dining is especially popular in Istanbul during the summer months.

Shopping in Istanbul

Although Istanbul is filled with a wealth of amazingly historic attractions and gorgeous buildings, it is the city's shopping scene that most impresses many a visitor. The Grand Bazaar is the shopping epicenter of the city with miles of winding streets and bargaining is necessary to avoid paying over the odds for your souvenirs. The Arasta Bazaar, which is close to the Blue mosque within Sultanahmet has All kinds of fabrics, leather ware, gold and silver jewellery, Turkish carpets, Kilim rugs, boxes of delicious Turkish Delight sweets (Lokum) and all kinds of clothing.

Meanwhile, The Tahtakale market is also famous in Istanbul and is sandwiched between the Eminonu and the Grand Bazaar, where it is home to a very fragrant Spice Bazaar. Within the Beyoglu neighborhood and lined with historical buildings, The Istiklal Caddesi is particularly famous avenue and elegant shopping street in Istanbul. Istanbul also has by far the biggest selection of modern shopping centers and malls in the whole of Turkey with over 50 giant complexes, and more being added every year.

Friday, May 16, 2008

Franklin Templeton aims to expand in Turkey

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.

Turkish real estate investment

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.

Thursday, May 15, 2008

Ankara

Ankara is the capital of Turkey and after Istanbul it is the second largest city in the country. It is located at the heart of both Central Anatolia and Turkey. The city is also the capital of the Province of Ankara and is divided by the major thoroughfare named the Ataturk Bulvari, which runs in a north to south direction and stretches for some 5 kms in total. Ankara is about as European as Turkey gets with the population of around 3.5 million. Located about 450 km to the southeast of Istanbul, Ankara is actually a very large Turkish city, always expanding and offering a rather sophisticated character. Many broad streets are now lined with coffee shops and restaurants, particularly around the lively Kizilay area.

Ankara is the center of the Turkish government and an important commercial as well as industrial city. The city is strategically located at the centre of Turkey's highway and an important crossroads of trade and marketing centre for the surrounding agricultural area.

The historical center of Ankara is situated on the left bank of the Ankara Çayı, a tributary of the Sangarius River upon a rocky hill, which rises 490 ft above the plain. Ankara can be considered a green city in terms of green areas per inhabitant, which is 72 m2 per head though it is situated in one of the driest places of Turkey and bordered mostly by steppe vegetation except for the forested areas on the southern periphery. Ankara really does compete well in the way of quality tourist attractions although it is somewhat overshadowed by the enormous Turkish city of Istanbul. The Citadel walls of Ankara are completely ancient and contain a mixture of different architectural styles through the ages.

How to get in?

Ankara Esenboğa International Airport (ESB) was opened in 2007 and features many more gates and a more orderly parking system. The airport is located some 28 km northeast of the city however International flights are rather low in frequency. Apart from Turkish Airlines (THY), only Lufthansa, Iran air, Austrian Airlines and British Airways offer direct flights. EasyJet also offers discount flights to and from Istanbul and Basel-Mulhouse-Freiburg. A recent development is the direct Stansted Ankara daily service operated by Cypriot Turkish Airlines. There are also internal flights to Ankara with THY from Istanbul, Izmir and Antalya.

Ankara is also the centre of the Turkish rail network as it is a central location in Turkey, and can be reached from many cities. The train trip from Ankara to Istanbul takes around 5 hours and 40 minutes. The overnight train to and from Istanbul is startlingly affordable and saves the cost of a night's lodging. If you prefer sleeping in a bed to sleeping in a seat, Reserve a cabin in advance. The railway station is located north of Kızılay Square, which it is connected buses from different areas of the city which stop right in front of the station. Approximately about 10 minutes of walk from the station on the northern corner of Gençlik Park is a metro station which has services to a number of central locations in the city besides Kızılay.

History of Ankara

The history of Ankara dates back to the Hatti civilization of the Bronze Age nearly Two thousand years before the time of Jesus. The Hittites become the leading influence of the region, and were then followed by the Persians, Phyrgians and Lydians. Galatians, a Celtic race made Ankara their capital city in the 3rd Century BC. The name Ankara is derived from the word 'Ancyra', which means 'anchor.' after the decline of the Hittite empire, The Phrygians ruled until the arrival of Alexander the Great. The city was later occupied by the Seleucids and the Galatians Ankyra became part of the Roman Empire in 25 BC. The city was under the control of Byzantines until 1071 AD when the Seljuk Turks rolled into town (renaming it Enguriye). The city's importance declined throughout the Ottoman period and the fall down of the Ottoman Empire as well as the birth of the Turkish Republic changed things a little.

Under the leadership of Ataturk during the national resistance which followed World War I, Ankara gained prominence and when the National War of Independence freed Turkey from foreign occupation it was declared the capital of the new Turkish Republic on 1923. The magnificent mausoleum constructed to commemorate Atatürk Occupying one of the most prominent parts of the city is Anitkabir and was completed in 1953. The structure is a blend of antique and modern architectural themes, and proves the grace of Turkish architecture.

Ankara important contact details

Airline Information
Esenboga Airport offers a new "24/7" line (tel. 0312/428-5222).

Turkish Airlines has a downtown office at Atatürk Bulv. 154, Kavaklidere (tel. 0312/428-0200).

Useful Numbers
International country code: 90
Ankara area codes: 312
Tourist Police (Ankara): 1341756
Police: 154 and 155
Ambulance: Medline (tel. 0312/459-4000 in Ankara and tel. 444-1212 from anywhere in Turkey).
Fire Department: 110
Inquiries: 118

Turkish Railways - For information on schedules and trains, call tel. 0312/311-0620; for tickets and reservations, call tel. 0312/310-6515.

You can also check out their website for information and schedules at www.tcdd.gov.tr


Climate

Ankara experiences a climate that shares many similarities with most parts of Turkey as the climate of Ankara is relatively mild and continental in character, with the annual seasons remaining quite typical and easy to spot. In other words, climate in the city is with four easily distinguishable seasons. Winters in Ankara are rather short but often quite cold and at times, a little on the snowy side.

The summer climate experienced within Ankara is much more appealing, distinguished by dry, sunny and enjoyably hot. With tourists arriving in summer season to take full advantage of the fine climate and ample sunshine, summer marks the peak tourism period within Ankara. Tourists visiting during April, May and October will also find the city noticeably quieter than it is between June and September. July and August temperarures– considered by many to posses the finest weather with highs exceeding 30°C / 86°F not being at all unusual. December and January are as expected the coldest months in Ankara, when the city sees daytime temperatures hang about just a few degrees above freezing. The winter months has the most possibility of raining. However, both autumn and spring also experience rainy weather and average monthly precipitation levels rarely exceed 25 mm / 1 inch at this time of the year.

What's the best time to travel to Ankara in Turkey?


  • May, June, July, August and September have fine climate and abundant sunshine which is good for sightseeing
  • On average, the warmest months are July and August.
  • The driest periods fall between July, August and September.
  • On average, the warmest and driest month is August.
  • On average, the coldest month is January.
  • May is the wettest month.

Ankara Tourist Attractions

Ataturk Mausoleum (Anitkabir)


This fine memorial complex built in 1944 commemorates the Turkish founder, Ataturk is located in a prominent hill in the center of Ankara about two km west of Kızılay along Gazi Mustafa Kemal. The Ataturk Mausoleum is a stark yet impressive and imposing attraction, featuring a huge mosaic courtyard, together with a remarkably beautiful gold leaf clad interior.

Open: Tuesday to Sunday - 09:00 to 17:00
admission: free
Address: Anittepe, Ankara, Turkey, TR
Tel: +90 0312 231 7975

Roman Baths

Situated on Çankırı Street stretching to Yıldırım Beyazit Square from Ulus Square, approximately 400 meters far from Ulus, the Roman Baths date back to the 3rd century AD and are well maintained. The dimensions of the bath are 80x130 meters; it is made of bricks and stones. There is a Frigidarium (cool room) which is just behind the sporting area, Piscina (swimming pool) with stairs to sit on at the sides, an Apoditarium (dressing room) and the Tepidarium (warm room) which has also column pieces of round bricks. The Roman baths had been destroyed after a great fire in the 7th century and had been in use for some 500 years.
Open: daily - 08:30 to 12:00 and 13:00 to 15:30
Address: Cankiri Avenue, Ulus, Ankara, Turkey, TR

Temple of Augustus and Rome

The great Temple of Augustus and Rome is now fairly ruined and closed to the public due to its state of disrepair. The temple built by the Galatians in 10 AD, retains the best-preserved copy of the Deeds of Deified Augustus. The temple is situated in About 400mnortheast of Ulus Meydani, next to the Haci Bayram ,it was first built in the second century B.C. as an Ionic dipteros with pronaosand and it is Converted in the fourth century into a Christian church having a rectangular choir with light and dark stone patterning.
Open: daily
Admission: view from exterior only

Ataturk Forest Farm and Zoo

This large entertaining forest features a zoo, farms, a brewery and traditional Turkish restaurants. The picnicking at the Ataturk Forest Farm is particularly enjoyable with tourists enjoying hiking and cycling along miles of established paths.
Open: daily

Genclik Parki (Youth Park)

Genclik Parki has a pleasant lake and a funfair park just south of the Old Town (Ulus), along the Ataturk Bulvari, and it is another great place to take kids in Ankara. The Luna Park funfair has many rides for kids and lots of fun attractions while tea gardens (çay bahçesi) are also available, together with pedalos on the lake.
Open: daily
Address: Ataturk Bulvari, Ulus, Ankara, Turkey, TR

Kocatepe Mosque (Kocatepe Camii)

Located in a commanding position on Kocatepe hill, Kocatepe Mosque is Ankara’s largest mosque and is a popular city landmark. Built in the Ottoman style in 1987, the Mosque features marble, stained-glass windows, gold leaf décor, and a massive crystal chandelier.
Open: daily -
Admission: free
Address: Olgunlar Sokagi, Kocatepe, Ankara, Turkey

Ankara main Events and Festivals

January
  • New year day
February
  • Eid al-Fitr (Seker Bayram) - a significant celebration throughout the Muslim world every February, and particularly in Ankara
March
  • Ankara International Film Festival
April
  • International Children's Festival - a ten-day event including a children's festival
  • International Ankara Music Festival
May
  • Commemoration of Ataturk - May 19th, another national holiday in memory of Ataturk
June
  • International Asia-Europe Biennial-Ankara - a noteworthy fair marking the city's ties between Europe and Asia every two years in June
August
  • Bilkent International Anatolian Festival - set up by the Bilkent University's Faculty of Music and Performing Arts, this popular music event is celebrated each August and draws thousands of music lovers without fail
September
  • Ramadan
October
  • Republic Day - October 29th
November
  • Efes Pilsen Blues Festival – This festival features American and Turkish performers taking part in blues marathons in November, along with food and dance
December
  • • Eid ul-Adha

Dining in Ankara

Ankara doesn't offer the choice or quality of dining in Istanbul yet it does have fine choice of eateries from kebab outlets, hawker stalls, international restaurants and Western-style cafés. There are some superb Iskender (spit cooked sliced lamb with butter, tomato and yoghurt) restaurants and Ishkembe (tripe soup) can be tasted at 100's of places. A typical Ankara meal begins with a meze(vegetarian starter) , then by a lamb or fish main course, and followed by a traditional Turkish dessert. The desserts include jellied candy (Turkish delight), 'sutlac' (rice pudding) or 'lokma' (fried sweet dough served in syrup).

The historic Old Town known as Ulus has the best place to eat in Ankara for environment as many of the old Ottoman houses have been converted into cafés and restaurants. Prices are friendly on the wallet and there is no beating the atmosphere. Tourists can head for a kebab joint within the Kizilay neighborhood for an inexpensive night out. There are many stylish bars and restaurants in the upscale Kavaklidere, Cankaya and Gaziosmanpassa districts for upmarket dining in Ankara. Sakarya Street is especially well known for its fish restaurants and the prices here are very reasonable.

Ankara Shopping

It is impossible to think of a holiday in Ankara without the thrill of shopping as it is irresistible for the wide range of unique and beautiful crafts available there. Visitors can check out the local markets (pazars), particularly around the Ulus and along the Cikrikcilar Yokusu (the Weaver's Road) as well as the various stores lining the neighbouring street of Tunali Hilmi Caddesi. The Karum Is Merkezi which is nearby to both the Hilton and the Sheraton hotels remains one of the most popular shopping malls within Ankara . The Kizilay area of Ankara also provides fantastic shopping experience, which tend to be grouped around the the Gazi Kemal Bulvari and Ataturk Bulvari.

The Gazi Mustafa Kemal Bulvari has numerous shops with local traders selling hand-woven Turkish carpets and rugs, leather good and a range of antiques while on the end of the Tunali Hilmi Avenue, the Karum shopping centre is well worth a look. The Ankamall, the Galleria, the Armada and the CEPA shopping malls are located on the outskirts of Ankara and along the highway with the Armada recently ranking as the 'Best Shopping Mall in Europe'.

Wednesday, May 14, 2008

Queen's visit reiterates Turkey's EU accession


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.

Saturday, May 10, 2008

Strong Euro boosts Turkish property investments

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.

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.

Tuesday, May 6, 2008

Eurasia property fair from 12-15 June in Istanbul

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.

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.

Saturday, May 3, 2008

Turkish golf courses attract more visitors

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.

Thursday, May 1, 2008

Eco-tourism to enhance Turkish properties

Turkey is already taking steps to preserve its environmental beauty for the future as investors who cut down trees for their developments will end up planting more trees.
Turkish tourism
Minister of Culture and Tourism Ertugrul Gunay has said at the Third Belek Tourism Panel Discussion that the measures that will be taken to curb the negative environmental impacts of construction sector. Tourism is an enormously important sector to Turkey and it represents nearly 9 per cent of Turkey’s GDP. The growth of tourism is best done by preservation of environment for the future and minister further said that we are not supposed to spoil the nature as we didn’t inherit it from our ancestors and we cannot leave the possible remedial measures to be taken for the protection of environment to our children.

The government’s series of infrastructure improvement with a commitment to protect the environment to open up the Eco-tourism has a domino effect. This results in more demand for rental housing and it also means more tourists will discover the delights of Turkey and today’s tourist is tomorrow’s holiday home buyer meaning that likely growth in tourism will also have an positive impact in terms of demand on the Turkish property market.

Turkey offers great potential for an investor seeking growth, profit and development. Belek, the golfing capital of turkey, is a fast and highly developing holiday and golf resort has won awards for its environmentally-friendly developments.