Turkey become a popular holiday destination for Dutch tourists
Wednesday, May 28, 2008
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.
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.
posted by EstatesNewz, 11:05 PM
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Istanbul tipped as next property hotspot
Tuesday, May 27, 2008
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.
Social BookmarkingThe 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.
Labels: Istanbul
posted by EstatesNewz, 2:49 AM
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German bank Europhypo highlights Turkey property market
Monday, May 26, 2008
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.
Social BookmarkingThe 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.
Labels: Market-Trends, Turkish-property
posted by EstatesNewz, 3:30 AM
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Turkey recommended as an alternative to Spain
Sunday, May 25, 2008
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.
Social BookmarkingThe 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.
Labels: Market-Trends, Overseas-property
posted by EstatesNewz, 2:45 AM
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Moneycorp believes Turkey is a tasty destination for UK investors
Friday, May 23, 2008
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.
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.
Labels: British, Overseas-property
posted by EstatesNewz, 10:31 PM
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Turkey's possible inclusion in EBRD excite property investors
Thursday, May 22, 2008
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.
Social BookmarkingThe 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.
Labels: Latest-news, Turkish-property
posted by EstatesNewz, 1:28 AM
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Turkish Real Estate Summit focuses on investment opportunities
Sunday, May 18, 2008
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.
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.
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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.
Labels: Exhibition, Turkish-property
posted by EstatesNewz, 11:36 PM
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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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Eco-tourism to enhance Turkish properties
Thursday, May 1, 2008
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.
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.
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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.
Labels: Eco-friendly, Tourism
posted by EstatesNewz, 12:00 AM
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