Demand for Turkish property is out stripping supply
Sunday, June 29, 2008
Istanbul's Chamber of Commerce (ITO) has stated that the requirement for residential properties in Turkey has increased massively to manage the anticipated demand in the future. Turkey will need between 300,000 and 350,000 new properties to be constructed annually.
The steady growth of the Turkish population means that nearly 5.5m new homes has to be constructed to accommodate the country’s growing population by 2016, according to the figures from ITO.
Property experts believe that the growing spending power of consumers as a good reason to invest in both residential and retail property. Ian Jones, director of investment for Cordea Savills, said that the conditions are right for further upward movement in the housing market and increase in property prices.
Turkey appears to be enjoying a surge in popularity with overseas investors for its year round good weather, low living costs, healthy food, a friendly population and a relaxed lifestyle. The figures from Turkey's Land Registry General Directorate showed that nearly 73,000 foreigners now own property in Turkey and 17,000 are from UK.
ShelterOffshore.com has reported that Turkey offers far more affordable property values than the UK and investors could snap up a potential bargain if they enter the market early. House prices in the most popular areas have gone up by about 25 per cent a year. This indicates that the country offers strong investment potential to those who wish to sell the house in future.
Social BookmarkingThe steady growth of the Turkish population means that nearly 5.5m new homes has to be constructed to accommodate the country’s growing population by 2016, according to the figures from ITO.
Property experts believe that the growing spending power of consumers as a good reason to invest in both residential and retail property. Ian Jones, director of investment for Cordea Savills, said that the conditions are right for further upward movement in the housing market and increase in property prices.
Turkey appears to be enjoying a surge in popularity with overseas investors for its year round good weather, low living costs, healthy food, a friendly population and a relaxed lifestyle. The figures from Turkey's Land Registry General Directorate showed that nearly 73,000 foreigners now own property in Turkey and 17,000 are from UK.
ShelterOffshore.com has reported that Turkey offers far more affordable property values than the UK and investors could snap up a potential bargain if they enter the market early. House prices in the most popular areas have gone up by about 25 per cent a year. This indicates that the country offers strong investment potential to those who wish to sell the house in future.
Labels: Latest-news
posted by EstatesNewz, 4:46 AM
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Thermal Tourism heats up the tourist market
Wednesday, June 25, 2008
Culture and tourism minister Ertugrul Gunay said that Turkey attracted more than 23 million vacationers in 2007 which makes it the ninth-most visited country in the world in 2007. Mr. Gunay added Turkey was ranked in 11th place, in terms of the tourist trade. However, he pointed out that the number of tourists visiting Turkey and tourism incomes are not enough at all and he told that the tourism industry has to build on these figures and try to kindle further growth in the sector.
Thermal tourism is another new plan launched by the government of Turkey, which has been aggressively marketing Turkey as a holiday destination for some time. Thermal tourism is a lucrative market sector internationally and it is an industry based on the therapeutic and cosmetic powers of thermal springs. The Thermal Tourism Cities Project (TTCP) launched by Turkey's culture and tourism ministry in January aims to ascertain the country as one of the world’s leading thermal tourism destinations.
Turkish Geothermal Association (TGA) has stated that Turkey has the world's seventh-largest (and Europe's largest) thermal resources and has more than 1,300 sites of thermal interest across the country. The TGA estimates suggest that the country's thermal resources could cater for over 30 million visitors annually.
The TTCP has identified four main areas such as central Anatolia; southern Marmara; Phrygia; and the southern Aegean, including Aydin, Izmir, Manisa, and Denizli. Turkish government could soon be bringing billions of extra euros into the project to promote thermal sites and to develop existing facilities at home.
Thermal tourism is another new plan launched by the government of Turkey, which has been aggressively marketing Turkey as a holiday destination for some time. Thermal tourism is a lucrative market sector internationally and it is an industry based on the therapeutic and cosmetic powers of thermal springs. The Thermal Tourism Cities Project (TTCP) launched by Turkey's culture and tourism ministry in January aims to ascertain the country as one of the world’s leading thermal tourism destinations.
Turkish Geothermal Association (TGA) has stated that Turkey has the world's seventh-largest (and Europe's largest) thermal resources and has more than 1,300 sites of thermal interest across the country. The TGA estimates suggest that the country's thermal resources could cater for over 30 million visitors annually.
The TTCP has identified four main areas such as central Anatolia; southern Marmara; Phrygia; and the southern Aegean, including Aydin, Izmir, Manisa, and Denizli. Turkish government could soon be bringing billions of extra euros into the project to promote thermal sites and to develop existing facilities at home.
posted by EstatesNewz, 11:01 PM
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Antalya - an opportunity too good to miss!
Tuesday, June 24, 2008
The Turkish city of Antalya is proving to be a very popular location for foreign leisure travelers as it has all the necessary "ingredients" of a major tourist hotspot, according to new figures.
The official government data showed that the Mediterranean resort is the top destination for holidaymakers in Turkey last month. Figures showed that 37.8 per cent of foreign holidaymakers last month those who visited Turkey in May 2008 chose to visit the city. This puts it well ahead of Istanbul, which attracted 25.2 per cent.
Today's Zaman suggested that approximately eight million people could take their holidays in the area and nearly 13,000 foreigners now choosing to live in the vicinity permanently. The publication stated that the temperatures are cool enough for people to feel relaxed to explore the region, while some tourists enjoy the chance to experience some winter sunshine. Moreover, Antalya has exceptional nightlife, shopping facilities, historical and cultural attractions, as well as its various leisure facilities, including golf courses attract foreign tourists. This means that temporary lodgings in Antalya will be highly sought after during the peak holiday season.
Turkish Land Registry Directorate (TKM) found that more than 17,000 overseas investors owned properties in the area. Business Week said Antalya is becoming popular with investors and expatriates from all over the world and overseas property investors are increasingly choosing to snap up properties in Antalya.
Alaaddin Yuksel, governor of Antalya, predicted that the region will attract ten million visitors this year - up from eight million in 2007. Mr. Yuksel added that he wants to renovate the province into a year-round holiday destination.
Social BookmarkingThe official government data showed that the Mediterranean resort is the top destination for holidaymakers in Turkey last month. Figures showed that 37.8 per cent of foreign holidaymakers last month those who visited Turkey in May 2008 chose to visit the city. This puts it well ahead of Istanbul, which attracted 25.2 per cent.
Today's Zaman suggested that approximately eight million people could take their holidays in the area and nearly 13,000 foreigners now choosing to live in the vicinity permanently. The publication stated that the temperatures are cool enough for people to feel relaxed to explore the region, while some tourists enjoy the chance to experience some winter sunshine. Moreover, Antalya has exceptional nightlife, shopping facilities, historical and cultural attractions, as well as its various leisure facilities, including golf courses attract foreign tourists. This means that temporary lodgings in Antalya will be highly sought after during the peak holiday season.
Turkish Land Registry Directorate (TKM) found that more than 17,000 overseas investors owned properties in the area. Business Week said Antalya is becoming popular with investors and expatriates from all over the world and overseas property investors are increasingly choosing to snap up properties in Antalya.
Alaaddin Yuksel, governor of Antalya, predicted that the region will attract ten million visitors this year - up from eight million in 2007. Mr. Yuksel added that he wants to renovate the province into a year-round holiday destination.
posted by EstatesNewz, 6:14 AM
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Turkish property offers bargain prices
Saturday, June 21, 2008
Holidaymakers and property investors could find good value for money as Turkey offers low prices and very favourable exchange rates.
Property in Turkey can cost you as little as £19,000 for a holiday home. Furthermore, it is said that the cost of property in some areas is about half the cost of property in Spain. Turkey is also praised for its good-quality infrastructure, amenities and climate. The improved accessibility could make the region a viable location for prospective holiday home owners to consider.
Stuart Malloy, who recently bought an apartment at Didim, commented that he is amazed by the low prices in Turkey. The relative cheapness of homes in Turkey is a contributing factor for its overwhelming popularity. These factors, combined with its comparatively low cost of living, are said to make it perfect for overseas property purchasers, especially retirees.
ShelterOffshore.com remarked that Turkey might well be a good nation to consider for overseas investors as it is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.
The Guardian has recently recommended Turkey as good option for property investors and it described the country as "bargain bagger's bliss".
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Property in Turkey can cost you as little as £19,000 for a holiday home. Furthermore, it is said that the cost of property in some areas is about half the cost of property in Spain. Turkey is also praised for its good-quality infrastructure, amenities and climate. The improved accessibility could make the region a viable location for prospective holiday home owners to consider.
Stuart Malloy, who recently bought an apartment at Didim, commented that he is amazed by the low prices in Turkey. The relative cheapness of homes in Turkey is a contributing factor for its overwhelming popularity. These factors, combined with its comparatively low cost of living, are said to make it perfect for overseas property purchasers, especially retirees.
ShelterOffshore.com remarked that Turkey might well be a good nation to consider for overseas investors as it is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.
The Guardian has recently recommended Turkey as good option for property investors and it described the country as "bargain bagger's bliss".
Labels: Property-prices
posted by EstatesNewz, 9:48 PM
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Savills to invest in Turkish property market
Wednesday, June 18, 2008
Turkey's property market is exemplified by short supply, with huge potential investment opportunities and attractive risk-adjusted returns. International brands are increasingly entering the market and are creating considerable demand for high quality product.
Financial times have reported that the leading British real estate investment company Savills is to launch a fund to invest in the fast-growing Turkish property market.
Turkish Property Ventures Fund will invest in shopping centers and residential developments with an estimated return of 20% a year. The fund aims to raise €400m (£323m) of equity. Ian Jones, fund manager at Cordea Savills explained that Turkey is "shrugging off" the ongoing problems in the global economy and the Turkish housing market is performing strongly.
The government estimates reveal that 650,000 new houses are required annually to support the projected population growth. Mr. Jones further said that the population of Turkey with 70 million people and half of them under 30 with an average annual population growth of about one per cent signifies more opportunities. House prices are still at affordable level to generate interest among the holiday home buyers and overseas investors.
The rate of house price inflation still outpaces many other European countries, suggesting that overseas investors hoping for capital appreciation could still profit from the Turkish market if they enter the market early.
Financial times have reported that the leading British real estate investment company Savills is to launch a fund to invest in the fast-growing Turkish property market.
Turkish Property Ventures Fund will invest in shopping centers and residential developments with an estimated return of 20% a year. The fund aims to raise €400m (£323m) of equity. Ian Jones, fund manager at Cordea Savills explained that Turkey is "shrugging off" the ongoing problems in the global economy and the Turkish housing market is performing strongly.
The government estimates reveal that 650,000 new houses are required annually to support the projected population growth. Mr. Jones further said that the population of Turkey with 70 million people and half of them under 30 with an average annual population growth of about one per cent signifies more opportunities. House prices are still at affordable level to generate interest among the holiday home buyers and overseas investors.
The rate of house price inflation still outpaces many other European countries, suggesting that overseas investors hoping for capital appreciation could still profit from the Turkish market if they enter the market early.
Labels: British, Investment-property
posted by EstatesNewz, 11:25 PM
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Hilton International claims Turkish tourism is remarkable
Tuesday, June 17, 2008
Hilton International, a leading hotel chain has plans to set up new outlets in Turkish provinces as they claim that Turkey has become one of the leading holiday destinations in the world.
Wolfgang Neumann, area president for Europe and Africa has commented that he is very much confident about the lucrative nature of Turkish tourism industry. He indicated that the hotel management plans to set up new outlets in the provinces of Kutayah, Bursa, Manisa and Diyarbakir over the next few years. Furthermore, they also suggest that owners of rental accommodation in these tourist hotspots are seeing lots of demand for their services.
Property expert Dominic Whiting has said that the government is investing funds into the main holiday hotspots in order to make them more attractive locations and enhancing their appeal to prospective holidaymakers. This makes it more favorable to foreign property purchasers, as house prices are spiraling upwards.
Mr. Whiting further predicted price rises of at least 15 per cent per annum over the next few years in Turkey and in some parts of the country; the price hike would be significantly higher.
A Place in the Sun magazine recently revealed that Turkey is currently the most popular emerging market among British property buyers and also rated ahead of Italy and Portugal.
Social BookmarkingWolfgang Neumann, area president for Europe and Africa has commented that he is very much confident about the lucrative nature of Turkish tourism industry. He indicated that the hotel management plans to set up new outlets in the provinces of Kutayah, Bursa, Manisa and Diyarbakir over the next few years. Furthermore, they also suggest that owners of rental accommodation in these tourist hotspots are seeing lots of demand for their services.
Property expert Dominic Whiting has said that the government is investing funds into the main holiday hotspots in order to make them more attractive locations and enhancing their appeal to prospective holidaymakers. This makes it more favorable to foreign property purchasers, as house prices are spiraling upwards.
Mr. Whiting further predicted price rises of at least 15 per cent per annum over the next few years in Turkey and in some parts of the country; the price hike would be significantly higher.
A Place in the Sun magazine recently revealed that Turkey is currently the most popular emerging market among British property buyers and also rated ahead of Italy and Portugal.
Labels: Holiday-property, Tourism
posted by EstatesNewz, 12:00 AM
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Unspoiled Turkey praised by a British expat
Sunday, June 15, 2008
An expatriate from the UK who has purchased a holiday home in Turkey's Mugla province has highlighted some of the attractions of Turkey.
Speaking to the Independent, Helen Love outlined some of the recent developments which could potentially persuade more people to follow her lead. She said that she had spent £80,000 on a property in Dalyan four years ago and now that the house has gone up in value to about £150,000.
Commenting on the location, she praised the number of lifestyle attractions on offer including beautiful unspoilt beaches, mountain landscapes topped off with a low cost of living. However, she added that this part of Turkey has only recently been tapped into by overseas property buyers.
She praised the quality of the public services to maintain its natural beauty and planning restrictions to evade overdevelopment has made Dalyan so attractive. In addition, she suggested that property owners could stand to benefit from significant capital appreciation in Turkey.
ShelterOffshore.com has recently flagged up Turkey as a good retirement destination.
The website has reported that Turkey has excellent infrastructure, amenities and good weather, as well as relatively low cost of living.
Social BookmarkingSpeaking to the Independent, Helen Love outlined some of the recent developments which could potentially persuade more people to follow her lead. She said that she had spent £80,000 on a property in Dalyan four years ago and now that the house has gone up in value to about £150,000.
Commenting on the location, she praised the number of lifestyle attractions on offer including beautiful unspoilt beaches, mountain landscapes topped off with a low cost of living. However, she added that this part of Turkey has only recently been tapped into by overseas property buyers.
She praised the quality of the public services to maintain its natural beauty and planning restrictions to evade overdevelopment has made Dalyan so attractive. In addition, she suggested that property owners could stand to benefit from significant capital appreciation in Turkey.
ShelterOffshore.com has recently flagged up Turkey as a good retirement destination.
The website has reported that Turkey has excellent infrastructure, amenities and good weather, as well as relatively low cost of living.
Labels: British, Dalyan, Turkish-property
posted by EstatesNewz, 5:37 AM
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High-speed rail network set to boost tourism
Wednesday, June 11, 2008
Tourism and foreign investment in Turkey could be set to increase as a result of improved accessibility.
Anatolian News Agency has reported that Turkish State Railways (TCDD) wants to open up a new high-speed rail service to the public before the end of the year. TCDD director general Suleyman Karaman has commented that the infrastructure is already complete, while links to other destinations including Sivas are near completion. He further said that modern station buildings and related developments such as shopping centres and tourist accommodation will also be built near the new stations.
This has prompted property experts and media outlets to predict that number of vacationers and overseas property investors to Turkey would be increased. Rumi Dogay of the Pamucak Union of Tourism Investors has said that many traditional European destinations are on the brink of an economic recession, many tourists are traveling slightly further afield to places which offer better value for money. As a result, Turkey is expected to attract a record number of tourists in 2008.
This will be a positive development for overseas property investors who have purchased rental accommodation in the country, as they indicate that they may benefit from extra rental demand in future. The booming tourism leads to the value of property in certain hotspots going up. Consequently, investors would be able to collect the proceeds of substantial capital growth.
The Times has recently highlighted Turkey as a good destination for holidaymakers who need "their annual dose of Mediterranean sunshine".
Anatolian News Agency has reported that Turkish State Railways (TCDD) wants to open up a new high-speed rail service to the public before the end of the year. TCDD director general Suleyman Karaman has commented that the infrastructure is already complete, while links to other destinations including Sivas are near completion. He further said that modern station buildings and related developments such as shopping centres and tourist accommodation will also be built near the new stations.
This has prompted property experts and media outlets to predict that number of vacationers and overseas property investors to Turkey would be increased. Rumi Dogay of the Pamucak Union of Tourism Investors has said that many traditional European destinations are on the brink of an economic recession, many tourists are traveling slightly further afield to places which offer better value for money. As a result, Turkey is expected to attract a record number of tourists in 2008.
This will be a positive development for overseas property investors who have purchased rental accommodation in the country, as they indicate that they may benefit from extra rental demand in future. The booming tourism leads to the value of property in certain hotspots going up. Consequently, investors would be able to collect the proceeds of substantial capital growth.
The Times has recently highlighted Turkey as a good destination for holidaymakers who need "their annual dose of Mediterranean sunshine".
Labels: Infrastructure, Tourism
posted by EstatesNewz, 11:55 PM
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Population growth has positive impact on Turkish property prices
Monday, June 9, 2008
Ian Jones, director of investment for Cordea Savills has said that property prices are likely to rise all the time due to the steady growth of the Turkish population. He persuaded investors to invest in property in Turkey because this suggests conditions are ideal for further upward movement in the housing market.
He explained the reason behind the prediction that the population of Turkey is of 70 million people with half of them under 30 and with an average annual population growth is one per cent.
The Independent has reported that that Turkey is becoming popular because their housing markets are growing at a substantial pace. The house prices went up by 20 per cent last year, while its property values are comparatively cheaper than other European countries. Consequently, Turkey could be a perfect destination for overseas investors, as there is greater demand for property for sale; a profitable resale is much more likely.
Property experts believe that Turkish property market is likely to continue expanding at a substantial rate during the next few years. Investors could grab a potential bargain once they enter the market early, as the future sale price will be significantly higher.
Social BookmarkingHe explained the reason behind the prediction that the population of Turkey is of 70 million people with half of them under 30 and with an average annual population growth is one per cent.
The Independent has reported that that Turkey is becoming popular because their housing markets are growing at a substantial pace. The house prices went up by 20 per cent last year, while its property values are comparatively cheaper than other European countries. Consequently, Turkey could be a perfect destination for overseas investors, as there is greater demand for property for sale; a profitable resale is much more likely.
Property experts believe that Turkish property market is likely to continue expanding at a substantial rate during the next few years. Investors could grab a potential bargain once they enter the market early, as the future sale price will be significantly higher.
Labels: Market-Trends, Property-prices
posted by EstatesNewz, 4:22 AM
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Bodrum offers good value to investors
Saturday, June 7, 2008
The Turkish peninsula of Bodrum has been highlighted as a good option for property buyers thinking of investing in foreign property by the Sun newspaper.
The newspaper has reported that Bodrum region offers both financial and lifestyle benefits to foreign buyers, such as its fabulous Mediterranean climate and booming tourist market. The property values are going up across the peninsula due to increased number of tourists, which is located in south-west Turkey. The publication predicted that the Bodrum region could provide a lifetime investment, particularly since it had the potential to be more lucrative than a property purchase in the UK.
The governor of Mugla region in an interview to TurkishPress.com stated that Bodrum and Fethiye are set to attract more tourists this year. The increase in the number of tourists is good news for owners of rental accommodation in places such as Bodrum, as it means that property is in strong demand among tourists.
Therefore, property owners are set to collect high returns from their investment, particularly as the demand has a positive impact on house prices in the region.
According to the UK-based newspaper the Independent, house prices in the country went up by 20 per cent in 2007.
Social BookmarkingThe newspaper has reported that Bodrum region offers both financial and lifestyle benefits to foreign buyers, such as its fabulous Mediterranean climate and booming tourist market. The property values are going up across the peninsula due to increased number of tourists, which is located in south-west Turkey. The publication predicted that the Bodrum region could provide a lifetime investment, particularly since it had the potential to be more lucrative than a property purchase in the UK.
The governor of Mugla region in an interview to TurkishPress.com stated that Bodrum and Fethiye are set to attract more tourists this year. The increase in the number of tourists is good news for owners of rental accommodation in places such as Bodrum, as it means that property is in strong demand among tourists.
Therefore, property owners are set to collect high returns from their investment, particularly as the demand has a positive impact on house prices in the region.
According to the UK-based newspaper the Independent, house prices in the country went up by 20 per cent in 2007.
posted by EstatesNewz, 10:05 PM
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Galata Inşaat launches Gocek projects
Friday, June 6, 2008
Out-of-town developments are identified to make the Turkey's property market more attractive. Galata İnşaat (Galata Real Estate Investment) in partnership with British companies will launch a new project in Gocek in southwest of turkey. Representatives from Galata İnşaat, anticipated that the project will draw more global and domestic capital to southern Turkey. Galata İnşaat also restores and rents out ancient buildings in Istanbul's Galata, Beyoğlu and Cihangir districts.
The company has kicked off two projects, one in Gocek Hills with 23 villas and the other is Vineyard Villas with 11 villas. They offer two types of villas in different sizes, the prices in Gocek Hills start from 420,000 euros. Vineyard Villas offers three alternatives of villas with different designs and prices starts from 325,000 euros.
Colin Mansell, marketing director of Atlas International, commented that the several out-of-town developments with low investment prices are on the rise which would result in better financial returns for property investors.
Sunseekers Altinkum said prices in some areas are rising by up to 25 per cent a year.
The firm stated that the property market is "on the rise" and Turkey offers a huge and dynamic domestic market to foreign investors
This comes after the recent figures from Investors Provident which revealed that British buyers currently own 12,000 properties in Turkey.
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The company has kicked off two projects, one in Gocek Hills with 23 villas and the other is Vineyard Villas with 11 villas. They offer two types of villas in different sizes, the prices in Gocek Hills start from 420,000 euros. Vineyard Villas offers three alternatives of villas with different designs and prices starts from 325,000 euros.
Colin Mansell, marketing director of Atlas International, commented that the several out-of-town developments with low investment prices are on the rise which would result in better financial returns for property investors.
Sunseekers Altinkum said prices in some areas are rising by up to 25 per cent a year.
The firm stated that the property market is "on the rise" and Turkey offers a huge and dynamic domestic market to foreign investors
This comes after the recent figures from Investors Provident which revealed that British buyers currently own 12,000 properties in Turkey.
Labels: New-developments, Villas
posted by EstatesNewz, 10:57 PM
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Property prices on Turkish Riviera predicted to rise
Wednesday, June 4, 2008
Turkish Daily News has reported that Turkey is becoming popular with tourists from across Europe and with overseas property buyers.
The Daily Mail has stated that during the last five years, house prices in the most popular areas have gone up by about 25 per cent a year. This indicates Turkey offers strong investment potential to those who wish to sell a house on at a profit. The cost of property is still well below the levels of similar resorts in other popular holiday destinations such as Greece, Spain and Italy. Turkish daily news further said that Prices will raise enough to give Spain's Mallorca and France's Saint Tropez regions run for their money.
Recent statistics reveal that FTB's from the UK are increasingly snapping up properties in Turkey. This is because FTB's can enter the market at a price which compares very favourably with those in Britain. In addition, the potential for capital growth and earning strong rental yields means such a purchase is highly lucrative.
This comes after Times said Holidaymakers could find good value for money if they visit Turkey. The huge influx of tourist’s results in significant investment in popular tourist destinations and property prices are being pushed upwards.
Social BookmarkingThe Daily Mail has stated that during the last five years, house prices in the most popular areas have gone up by about 25 per cent a year. This indicates Turkey offers strong investment potential to those who wish to sell a house on at a profit. The cost of property is still well below the levels of similar resorts in other popular holiday destinations such as Greece, Spain and Italy. Turkish daily news further said that Prices will raise enough to give Spain's Mallorca and France's Saint Tropez regions run for their money.
Recent statistics reveal that FTB's from the UK are increasingly snapping up properties in Turkey. This is because FTB's can enter the market at a price which compares very favourably with those in Britain. In addition, the potential for capital growth and earning strong rental yields means such a purchase is highly lucrative.
This comes after Times said Holidaymakers could find good value for money if they visit Turkey. The huge influx of tourist’s results in significant investment in popular tourist destinations and property prices are being pushed upwards.
Labels: Property-prices
posted by EstatesNewz, 10:29 PM
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Mediterranean coast is the center of Turkish property investment
Tuesday, June 3, 2008
Coastal areas of turkey now rapidly becoming an investment area for many overseas investors purchasing property for investment in Turkey as the options there are better than the inland.
Julian Walker, managing director of Turkish property specialists Spot Blue, said that people always look for holiday properties that are in beachfront and said that there is whole lot of difference between the property markets on the Mediterranean coast and black sea coast
Mr. Walker also commented that options inland are limited and people don't want vacation homes to be inland and are looking for beachfront properties.
He claims that British buyers are losing interest on property along black sea coastline mainly due to the reasons like tourist potential is lesser than that of Mediterranean coastline and not a traditional market. Mediterranean climate is more favorable than the temperate climate of black sea for the tourists.
Mr Walker pointed out that the region of Alanya is a potential property hotspot and those who have bought property in Alanya are already seeing good returns.
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Julian Walker, managing director of Turkish property specialists Spot Blue, said that people always look for holiday properties that are in beachfront and said that there is whole lot of difference between the property markets on the Mediterranean coast and black sea coast
Mr. Walker also commented that options inland are limited and people don't want vacation homes to be inland and are looking for beachfront properties.
He claims that British buyers are losing interest on property along black sea coastline mainly due to the reasons like tourist potential is lesser than that of Mediterranean coastline and not a traditional market. Mediterranean climate is more favorable than the temperate climate of black sea for the tourists.
Mr Walker pointed out that the region of Alanya is a potential property hotspot and those who have bought property in Alanya are already seeing good returns.
Labels: Beachside
posted by EstatesNewz, 11:38 PM
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Turkey attracts more Ukrainian tourists
Sunday, June 1, 2008
Recently Culture and tourism minister Ertugrul Gunay said that Turkey attracted more than 23 million foreign holidaymakers in 2007, reports TurkishPress.com. He added that this makes it the ninth-most visited country in the world in 2007 and is ranked in 11th place in terms of the amount of revenue generated by tourism.
The Turkish Daily News has reported that the number of people visiting Turkey from Russia and the Ukraine could surpass two million by the end of the year. Turkey is likely to attract a greater number of Ukraine holidaymakers this year following the launch of new flights.
The Kyiv Post has recently reported that Turkey attracted 590,000 people from the Ukraine in 2007 which is 22% more than in 2006. Tourists from Ukraine are becoming the "most prominent force" in the Turkish tourist trade. The increase in the number of tourists from Ukraine is reflected in the increase in the number of flights being offered to Turkey.
Ali Altunbas of Adore Toure has said that initially they organised about 20 flights to Antalya per week. Currently, the number of flights is increased to 50 per week. A representative from Karya Tour has revealed that its client volume is growing by 40% a year, with many passengers going to Turkey.
Consequently, this could result in Turkey's real estate sector having a busy year as Turkey is considered to be a potentially good market for overseas property investors to consider, since they could possibly collect strong rental returns.
This comes after the Turkish Daily News reported that the Turkish government is to invest £71 million for efforts to promote the country as a holiday destination all year round.
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The Turkish Daily News has reported that the number of people visiting Turkey from Russia and the Ukraine could surpass two million by the end of the year. Turkey is likely to attract a greater number of Ukraine holidaymakers this year following the launch of new flights.
The Kyiv Post has recently reported that Turkey attracted 590,000 people from the Ukraine in 2007 which is 22% more than in 2006. Tourists from Ukraine are becoming the "most prominent force" in the Turkish tourist trade. The increase in the number of tourists from Ukraine is reflected in the increase in the number of flights being offered to Turkey.
Ali Altunbas of Adore Toure has said that initially they organised about 20 flights to Antalya per week. Currently, the number of flights is increased to 50 per week. A representative from Karya Tour has revealed that its client volume is growing by 40% a year, with many passengers going to Turkey.
Consequently, this could result in Turkey's real estate sector having a busy year as Turkey is considered to be a potentially good market for overseas property investors to consider, since they could possibly collect strong rental returns.
This comes after the Turkish Daily News reported that the Turkish government is to invest £71 million for efforts to promote the country as a holiday destination all year round.
Labels: Overseas-property, Tourism
posted by EstatesNewz, 12:20 AM
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New insurance system protects investment interests
Overseas property investors are being encouraged to take advantage of recent developments in Turkey. Kirelax is one of the new innovations from Century 21 launched in Turkey and the first in the world that covers risks for both tenant and landlord, from its offices in Germany and Croatia.
Turkish daily news has reported that Kirelax's objective is to find a resolution to tenants' apprehensions for inability to pay the rent and Kirelax will pay the rent for one year if the tenant is unable to do so, for reasons of unexpected unemployment, bankruptcy, mishap or sickness etc. Kirelax Plus also supports property-owners by paying rent, maintenance fees and any attorney's fees and court fees that may crop up should the landlord not receive rent for whatever reason.
Barış Birol, Century 21's Director of Channels and Operations in Turkey stated that their aim is to reach a total of 1 million people in five years.
Birol believes that the the insurance scheme they developed in association with insurance brokers ACP Sigorta & Reasürans Brokerliği will also encourage foreign investment. He also added that overseas investors like to invest in real estate that already has tenants and higher rental yields. He further said that the insurance will increase the influx of major real estate investments because it gives assurance in terms of rental yields, and the property investors will feel more comfortable to invest.
Social BookmarkingTurkish daily news has reported that Kirelax's objective is to find a resolution to tenants' apprehensions for inability to pay the rent and Kirelax will pay the rent for one year if the tenant is unable to do so, for reasons of unexpected unemployment, bankruptcy, mishap or sickness etc. Kirelax Plus also supports property-owners by paying rent, maintenance fees and any attorney's fees and court fees that may crop up should the landlord not receive rent for whatever reason.
Barış Birol, Century 21's Director of Channels and Operations in Turkey stated that their aim is to reach a total of 1 million people in five years.
Birol believes that the the insurance scheme they developed in association with insurance brokers ACP Sigorta & Reasürans Brokerliği will also encourage foreign investment. He also added that overseas investors like to invest in real estate that already has tenants and higher rental yields. He further said that the insurance will increase the influx of major real estate investments because it gives assurance in terms of rental yields, and the property investors will feel more comfortable to invest.
Labels: Investment-property, Latest-news
posted by EstatesNewz, 12:17 AM
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