Didim is set to be more tourist friendly in 2009
Tuesday, December 30, 2008
Turkish coastal town of Didim may see a large increase in the number of visitors next year, according to a media outlet.
Voices, the local English language newspaper has reported that less hassle and quieter nights are promised for Didim next year. Tourist and local authority bosses meeting insisted that the tourism sector needs to eradicate negatives such as sound pollution, hassle and bars continuing to serve beyond their allotted hours. This is because as in Turkey tourism sector underpins other sectors and also provides employment opportunities and helps to protect the environment.
Didim mayor Mumin Kamaci that the sound pollution in Altinkum and added that this problem will certainly be addressed next year. Head official Ali Katirci said that tourists had complained about the "hassle boys" and this serious issue will be certainly addressed this year.
Didim mayor said that the new Marina which will be completed in 2009 will be the Turkey's largest and Europe's second-largest marina. It will contribute much to Didim's tourism potential. Didim will be the most important tourism centre of Aegean region, according to Anatolia news agency reports.
In related news, Today's Zaman has reported that Didim has already been pronounced a tourism centre by the nation's Ministry of Culture and Tourism and the growth in the tourist trade could make buying a property in Didim a profitable venture for overseas investors.
Voices, the local English language newspaper has reported that less hassle and quieter nights are promised for Didim next year. Tourist and local authority bosses meeting insisted that the tourism sector needs to eradicate negatives such as sound pollution, hassle and bars continuing to serve beyond their allotted hours. This is because as in Turkey tourism sector underpins other sectors and also provides employment opportunities and helps to protect the environment.
Didim mayor Mumin Kamaci that the sound pollution in Altinkum and added that this problem will certainly be addressed next year. Head official Ali Katirci said that tourists had complained about the "hassle boys" and this serious issue will be certainly addressed this year.
Didim mayor said that the new Marina which will be completed in 2009 will be the Turkey's largest and Europe's second-largest marina. It will contribute much to Didim's tourism potential. Didim will be the most important tourism centre of Aegean region, according to Anatolia news agency reports.
In related news, Today's Zaman has reported that Didim has already been pronounced a tourism centre by the nation's Ministry of Culture and Tourism and the growth in the tourist trade could make buying a property in Didim a profitable venture for overseas investors.
Call for governance change may boost property market in Bodrum
Sunday, December 28, 2008
Call for governance change in Bodrum region may result in boosting the local property market, according to experts.
Mazlum Agan, Bodrum's mayor from the Republican People's Party has said that booming tourism in various towns on the Bodrum Peninsula has meant that this would be more easily managed if one authority was dealing with them, rather than several, Hurriyet reports.
Commenting on the news of Bodrum to become a metropolitan authority, he said: "The potential problems can be rectified by uniting under the same roof as the Bodrum Metropolitan Municipality." This development would help the Bodrum property market by helping to bring about a better local infrastructure.
Zoe Dare Hall in the property section of the Mail has written that Increasing disillusionment with high prices in Spain is driving buyers away from the costas to Bodrum region where properties are cheap and they can still buy new-build holiday apartments from £35,000. Already some 22,000 Brits have bought properties in Turkey. And that Turkey is becoming the destination of choice for a growing number of tourists.
Ms Dare hall comments: 'Bodrum is Turkey's Marbella, catering as much to the elite as the mass market. It-s where the jet set come to party.'
Social BookmarkingMazlum Agan, Bodrum's mayor from the Republican People's Party has said that booming tourism in various towns on the Bodrum Peninsula has meant that this would be more easily managed if one authority was dealing with them, rather than several, Hurriyet reports.
Commenting on the news of Bodrum to become a metropolitan authority, he said: "The potential problems can be rectified by uniting under the same roof as the Bodrum Metropolitan Municipality." This development would help the Bodrum property market by helping to bring about a better local infrastructure.
Zoe Dare Hall in the property section of the Mail has written that Increasing disillusionment with high prices in Spain is driving buyers away from the costas to Bodrum region where properties are cheap and they can still buy new-build holiday apartments from £35,000. Already some 22,000 Brits have bought properties in Turkey. And that Turkey is becoming the destination of choice for a growing number of tourists.
Ms Dare hall comments: 'Bodrum is Turkey's Marbella, catering as much to the elite as the mass market. It-s where the jet set come to party.'
Labels: Bodrum
Turkey gets Golf destination of the year award
Wednesday, December 24, 2008
Tourism and property in Turkey gets a boost as Turkey has been awarded "Best Golf Destination of the Year – Europe 2008" by the International Association of Golf Tour Operators (IAGTO).
IAGTO is the global trade organization for the golf tourism industry, including over 320 specialist golf tour operators in 45 countries and comprising more than 1040 companies in 73 countries. The IAGTO Awards serve to reward a few exceptional contributions to the world of golf travel.
Robert Nixon, Operations Director, Nirvana International, specialists in property in Turkey has said that this is a tremendous accolade for Turkey. The Ministry of Tourism has recently announced the allocation of new land for five international golf clubs to be completed in two years time and in the Belek region a Golf Society was launched in 2006.The Awards has encouraged private and public sector organizations to work closely together in the development and promotion of golf destinations in Turkey, making them accessible to and enjoyable by the widest range of golfers.
The Turkish government is aiming to attract affluent golf lovers by creating new facilities for them. Plans for new resorts have been proposed to encourage foreign property buyers and golfers to visit Turkey. Property experts have stated that Turkey could possibly compete with more established golfing destinations such as Spain and Portugal on the grounds that its property values were much cheaper, despite offering facilities of the same high standard.
Moreover, Turkey is becoming a major player in the golfing world as not only are they building superior courses but also they are helped by the fantastic Mediterranean weather. An all year round facility with stunning natural sceneries makes this truly a place for those seriously interested in golf.
Social BookmarkingIAGTO is the global trade organization for the golf tourism industry, including over 320 specialist golf tour operators in 45 countries and comprising more than 1040 companies in 73 countries. The IAGTO Awards serve to reward a few exceptional contributions to the world of golf travel.
Robert Nixon, Operations Director, Nirvana International, specialists in property in Turkey has said that this is a tremendous accolade for Turkey. The Ministry of Tourism has recently announced the allocation of new land for five international golf clubs to be completed in two years time and in the Belek region a Golf Society was launched in 2006.The Awards has encouraged private and public sector organizations to work closely together in the development and promotion of golf destinations in Turkey, making them accessible to and enjoyable by the widest range of golfers.
The Turkish government is aiming to attract affluent golf lovers by creating new facilities for them. Plans for new resorts have been proposed to encourage foreign property buyers and golfers to visit Turkey. Property experts have stated that Turkey could possibly compete with more established golfing destinations such as Spain and Portugal on the grounds that its property values were much cheaper, despite offering facilities of the same high standard.
Moreover, Turkey is becoming a major player in the golfing world as not only are they building superior courses but also they are helped by the fantastic Mediterranean weather. An all year round facility with stunning natural sceneries makes this truly a place for those seriously interested in golf.
Labels: Golf-property, Tourism
Turkish cuisine attracts gastro-tourists
Sunday, December 21, 2008
Gastro-tourists are said to be heading to the Cappadocia region in order to sample its well-known local delicacies, according to an expert.
Mustafa Durmaz, chairman of Goreme Tourism Development Centre, told AA that tourists cometo the region to visit the famous chimney rocks are also interested in learning about the traditional and regional flavors of Turkish food, reports Worldbulletin.net. Mr Durmaz said that the tourists most interested in local cuisine were from Japan, Spain, Germany and the US.
Cappadocia now boasts some excellent year-round restaurants serving the tourists. Seafood is naturally one speciality that tourists should not miss in the town. In fact Turkish cuisine is among the most flavorful Turkey has to offer. Eating out is very popular in the region and is much cheaper than the UK and Ireland.
Travel experts say that in the past, consumers have been unfairly branded as unadventurous with their culinary choices abroad, so the research findings underline that tourists are adventurous when traveling.
Meanwhile, Official figures reveal that 14 per cent rise in the number of tourist arrivals in 2008, rttnews.com reports. Further analysis revealed that 61.8 per cent of Turkey's overall tourist arrivals arrived from OECD countries, while 22.87 per cent visited from eastern European locations.
Social BookmarkingMustafa Durmaz, chairman of Goreme Tourism Development Centre, told AA that tourists cometo the region to visit the famous chimney rocks are also interested in learning about the traditional and regional flavors of Turkish food, reports Worldbulletin.net. Mr Durmaz said that the tourists most interested in local cuisine were from Japan, Spain, Germany and the US.
Cappadocia now boasts some excellent year-round restaurants serving the tourists. Seafood is naturally one speciality that tourists should not miss in the town. In fact Turkish cuisine is among the most flavorful Turkey has to offer. Eating out is very popular in the region and is much cheaper than the UK and Ireland.
Travel experts say that in the past, consumers have been unfairly branded as unadventurous with their culinary choices abroad, so the research findings underline that tourists are adventurous when traveling.
Meanwhile, Official figures reveal that 14 per cent rise in the number of tourist arrivals in 2008, rttnews.com reports. Further analysis revealed that 61.8 per cent of Turkey's overall tourist arrivals arrived from OECD countries, while 22.87 per cent visited from eastern European locations.
Labels: Life-style, Tourism
Turkey popular with winter tourists
Thursday, December 18, 2008
Turkey has seen a large increase in the number of visitors this month and it is set to set for tourism boom next year, according to tourism experts.
The Turkish Association of Travel Agents (TURSAB) claims that the nation's tourism sector is in good shape. Kerim Cavusoglu, president of TURSAB, told Todays Zaman that tourism activities in Turkey are recently boosted by the nine days of Eid al-Adha. He further added that the growth in the tourist trade in the winter season could make buying a property in Turkey a profitable venture for foreign investors.
The amount of holidaymakers deciding to take a break in the country has risen by 23 per cent this year. The number of the tourists visiting Turkey will be nine million by the end of this year which means a 1.4 million increase compared to last year.
Volkan Simsek, president of the Turkish Professional Hotel Managers Assembly has said that the domestic tourist industry is also being focused on by hotel owners, who are looking to boost the numbers who are coming through their doors. The Irish Independent has reported that Istanbul is particularly good place to visit at this time of the year. The publication described it one of the most beautiful cities in the world and a place which offers respite from the Christmas festivities at home.
Meanwhile, Property Wire recently stated that the cost of property is relatively low and bargains can still be found despite price hikes of up to 40 per cent in some areas of Turkey.
Social BookmarkingThe Turkish Association of Travel Agents (TURSAB) claims that the nation's tourism sector is in good shape. Kerim Cavusoglu, president of TURSAB, told Todays Zaman that tourism activities in Turkey are recently boosted by the nine days of Eid al-Adha. He further added that the growth in the tourist trade in the winter season could make buying a property in Turkey a profitable venture for foreign investors.
The amount of holidaymakers deciding to take a break in the country has risen by 23 per cent this year. The number of the tourists visiting Turkey will be nine million by the end of this year which means a 1.4 million increase compared to last year.
Volkan Simsek, president of the Turkish Professional Hotel Managers Assembly has said that the domestic tourist industry is also being focused on by hotel owners, who are looking to boost the numbers who are coming through their doors. The Irish Independent has reported that Istanbul is particularly good place to visit at this time of the year. The publication described it one of the most beautiful cities in the world and a place which offers respite from the Christmas festivities at home.
Meanwhile, Property Wire recently stated that the cost of property is relatively low and bargains can still be found despite price hikes of up to 40 per cent in some areas of Turkey.
Labels: Tourism
Turkish government to relax foreign property ownership laws
Wednesday, December 17, 2008
The Turkish government looks to encourage the the purchase of property in Turkey by foreign buyers by relaxing the rules governing the foreign property ownership in Turkey.
The current law operates under the principle of reciprocity , which allows means people can only purchase property in the country if Turks can buy homes in the buyer's country. This rule limit foreign ownership of properties across Turkey, working on a system which means people can only purchase property in the country if Turks can buy homes in the buyer's country.
Recently, Turkish government realized and taken measures to relax the laws in order to attract foreign invest in the country's housing market. Investors from Middle East are not currently permitted to buy properties in Turkey, it has been decided that the rules should be reviewed.
Earlier, Turkey's government banned overseas investors from acquiring real estate in the country in April 2008, but has subsequently lifted the restriction, and In place of the ban are limitations on the percentage of the local planning zone for a town that can be bought by foreigners. These recent changes to laws in Turkey by foreign buyers have been welcomed by experts in the sector.
Social BookmarkingThe current law operates under the principle of reciprocity , which allows means people can only purchase property in the country if Turks can buy homes in the buyer's country. This rule limit foreign ownership of properties across Turkey, working on a system which means people can only purchase property in the country if Turks can buy homes in the buyer's country.
Recently, Turkish government realized and taken measures to relax the laws in order to attract foreign invest in the country's housing market. Investors from Middle East are not currently permitted to buy properties in Turkey, it has been decided that the rules should be reviewed.
Earlier, Turkey's government banned overseas investors from acquiring real estate in the country in April 2008, but has subsequently lifted the restriction, and In place of the ban are limitations on the percentage of the local planning zone for a town that can be bought by foreigners. These recent changes to laws in Turkey by foreign buyers have been welcomed by experts in the sector.
Labels: Property-law
Turkey expects 25million foreign visitors by the end of 2008
Friday, December 12, 2008
The enduring strength of Turkey's tourism industry has been highlighted by the country's culture and tourism minister
Speaking at the World Travel Market in London this week, Ertugrul Gunay said that Turkey will have received 25 million foreign visitors by the end of 2008, according to the latest predictions.
He told the industry event that the number of British tourists visiting Turkey has shown an annual increase of 13 per cent and is expected to reach 2.3 million by the end of year.
Mr Gunay said that the Turkish capital Istanbul had hosted over six million tourists to date, while more than eight million people visited the southern resort of Antalya. "We will pass the critical threshold to reach over 25 million foreign visitors by the end of this year," he stated.
In a development which could benefit property investors in Turkey, tourism levels in the country are set to receive an additional boost in 2010, when Istanbul becomes a European Capital of Culture.
Social BookmarkingSpeaking at the World Travel Market in London this week, Ertugrul Gunay said that Turkey will have received 25 million foreign visitors by the end of 2008, according to the latest predictions.
He told the industry event that the number of British tourists visiting Turkey has shown an annual increase of 13 per cent and is expected to reach 2.3 million by the end of year.
Mr Gunay said that the Turkish capital Istanbul had hosted over six million tourists to date, while more than eight million people visited the southern resort of Antalya. "We will pass the critical threshold to reach over 25 million foreign visitors by the end of this year," he stated.
In a development which could benefit property investors in Turkey, tourism levels in the country are set to receive an additional boost in 2010, when Istanbul becomes a European Capital of Culture.
Occupancy rates are high in Turkish rental properties
Rental investors could be set to benefit from a surge in visitor numbers, a media outlet has revealed.
According to Property Wire, more and more holidaymakers are booking trips to Turkey, as it offers better value than other European countries. Since many property investors and tourists are feeling the effects of the credit crunch and rising living costs, they are increasingly opting to visit places which have the most favourable exchange rates. Turkey has seen a 14 per cent increase in the number of bookings on a year-by-year basis which means that there will be a solid demand for property.
According to the Association of Independent Tour Operators (AITO), Turkey is increasingly becoming a hotspot for the Brits.They believe that this is partly because the pound has recently plummeted in value against the strong euro. Ahmet Barut, president of the Turkish Hotels Federation said that occupancy rates are increasing and he expects this to lead to further growth during the rest of the year. He added that Turkey attracted people from countries such as Spain,UK, Switzerland and central Europe. However, he stated that he expects its appeal to spread to the east of the continent.
The booming tourism also makes it more attractive to foreign property buyers, as house prices are being pushed upwards. Therefore, investors who enter the market early could find their purchase is worth much more within a fairly short space of time.
Social BookmarkingAccording to Property Wire, more and more holidaymakers are booking trips to Turkey, as it offers better value than other European countries. Since many property investors and tourists are feeling the effects of the credit crunch and rising living costs, they are increasingly opting to visit places which have the most favourable exchange rates. Turkey has seen a 14 per cent increase in the number of bookings on a year-by-year basis which means that there will be a solid demand for property.
According to the Association of Independent Tour Operators (AITO), Turkey is increasingly becoming a hotspot for the Brits.They believe that this is partly because the pound has recently plummeted in value against the strong euro. Ahmet Barut, president of the Turkish Hotels Federation said that occupancy rates are increasing and he expects this to lead to further growth during the rest of the year. He added that Turkey attracted people from countries such as Spain,UK, Switzerland and central Europe. However, he stated that he expects its appeal to spread to the east of the continent.
The booming tourism also makes it more attractive to foreign property buyers, as house prices are being pushed upwards. Therefore, investors who enter the market early could find their purchase is worth much more within a fairly short space of time.
Turkey Tourism Fair & Conference to boost travel
Thursday, December 11, 2008
Travel Turkey Tourism Fair & Conference, one of the most important events in the Turkish tourism industry calendar was held on November 27th in Izmir is set to boost the country's travel industry for the coming year.
The exhibition and conference, which grows every year in terms of the number of participants and visitors, took place at the International Izmir Fair gives the purchasers, who come from diverse countries throughout the world being mainly from Eurasia and the Turkish Tourism Industry a chance to see Turkey’s assets. Travel Turkey provides the platform for serious professional networking that results in signed contracts with global dealmakers.
The promotion of the exhibition is done by Hannover-Messe International Istanbul and by its representatives in 70 countries. The fair featured a number of special events and promotions including free holidays and flight giveaways.
In related news, Official figures show that an estimated 2.46 million people visited Turkey in October, representing a 14.38 per cent rise compared to the same period in 2007.
Social BookmarkingThe exhibition and conference, which grows every year in terms of the number of participants and visitors, took place at the International Izmir Fair gives the purchasers, who come from diverse countries throughout the world being mainly from Eurasia and the Turkish Tourism Industry a chance to see Turkey’s assets. Travel Turkey provides the platform for serious professional networking that results in signed contracts with global dealmakers.
The promotion of the exhibition is done by Hannover-Messe International Istanbul and by its representatives in 70 countries. The fair featured a number of special events and promotions including free holidays and flight giveaways.
In related news, Official figures show that an estimated 2.46 million people visited Turkey in October, representing a 14.38 per cent rise compared to the same period in 2007.
Turkey second home seekers haven
Second home-seekers looking for affordability, culture and relaxation should check out Turkey, according to a property expert.
Andrew Hawkins, head of Chesterton International estate agents said that Turkey is the number one choice for home seekers who want to live a fantastic quality of affordable life in an accessible, stable and rapidly advancing nation. Turkey has undergone a period of sustained growth while the housing markets in many other European countries have wobbled in recent times.
According to Aston Lloyd, house prices in Turkey are going up at a rate of about seven per cent per annum. People who are thinking of buying a foreign property have been advised that investing in Turkey could be highly profitable and investors who buy early could benefit from capital appreciation.
Turkey has received strong praise from a Gloria Duffy, British property buyer who has recently bought a two-bedroom apartment in Altinkum. Speaking to the Sunday Mail, she said that she had a number of preconceived ideas about Turkey. However, she was proved wrong and now they holiday in Turkey many times and they use their apartment as holiday accommodation at various times of the year.
Turkey is also highlighted as a particularly popular destination for retirees from UK as the cost of traveling to the country is also fairly low, which means expats can still be in easy reach of friends and relatives at home.
In related news, the Association of British Travel Agents (ABTA) has revealed that the number of bookings for trips to the country is 20 per cent up on last year.
Social BookmarkingAndrew Hawkins, head of Chesterton International estate agents said that Turkey is the number one choice for home seekers who want to live a fantastic quality of affordable life in an accessible, stable and rapidly advancing nation. Turkey has undergone a period of sustained growth while the housing markets in many other European countries have wobbled in recent times.
According to Aston Lloyd, house prices in Turkey are going up at a rate of about seven per cent per annum. People who are thinking of buying a foreign property have been advised that investing in Turkey could be highly profitable and investors who buy early could benefit from capital appreciation.
Turkey has received strong praise from a Gloria Duffy, British property buyer who has recently bought a two-bedroom apartment in Altinkum. Speaking to the Sunday Mail, she said that she had a number of preconceived ideas about Turkey. However, she was proved wrong and now they holiday in Turkey many times and they use their apartment as holiday accommodation at various times of the year.
Turkey is also highlighted as a particularly popular destination for retirees from UK as the cost of traveling to the country is also fairly low, which means expats can still be in easy reach of friends and relatives at home.
In related news, the Association of British Travel Agents (ABTA) has revealed that the number of bookings for trips to the country is 20 per cent up on last year.
Labels: Investment-property, Life-style
Overseas buyers find tempting deals in Altinkum
Sunday, December 7, 2008
The Turkish resort of Altinkum has been named as one of the best places to invest in property and perfect for holidays, a travel writer has claimed.
According to Deborah Cooper of the American Chronicle, Altinkum has plenty to offer in terms of good prices for high class properties. There is solid supply and demand in the area and ready financing for would-be property buyers makes the area as attractive proposition. There is also a lot of investment going into the area and could increase its attractiveness to tourists which is already popular for its beaches and all-round sunshine appeal.
Ms Coopera added that the resort is easily accessible by air and ferry, while apartments can be found for as little as £18,000 and a three-bedroom duplex for £26,000.
According to the Mirror, the temperature of up to 75F in winter months makes the region a year-round holiday destination and provides affordable family breaks. Altinkum has already attracted over 8,000 British property buyers due to its low prices and fabulous climate.
Golf-lovers will be pleased to hear the proposal of a £22.8 million golf resort in Altinkum, Turkey is planned by the government. Dominic Whiting, editor of the Buying in Turkey guide, said the plans as "a major boost for tourism", adding that it will have a positive impact on the property market in the region.
Social BookmarkingAccording to Deborah Cooper of the American Chronicle, Altinkum has plenty to offer in terms of good prices for high class properties. There is solid supply and demand in the area and ready financing for would-be property buyers makes the area as attractive proposition. There is also a lot of investment going into the area and could increase its attractiveness to tourists which is already popular for its beaches and all-round sunshine appeal.
Ms Coopera added that the resort is easily accessible by air and ferry, while apartments can be found for as little as £18,000 and a three-bedroom duplex for £26,000.
According to the Mirror, the temperature of up to 75F in winter months makes the region a year-round holiday destination and provides affordable family breaks. Altinkum has already attracted over 8,000 British property buyers due to its low prices and fabulous climate.
Golf-lovers will be pleased to hear the proposal of a £22.8 million golf resort in Altinkum, Turkey is planned by the government. Dominic Whiting, editor of the Buying in Turkey guide, said the plans as "a major boost for tourism", adding that it will have a positive impact on the property market in the region.
Labels: Altinkum, Market-Trends
Property values in Turkish Riviera are up by 40%
Overseas investors who choose to buy a holiday home on the Turkish Riviera could also be making a profitable long-term investment, according to experts.
In recent years, Turkey has become a hotspot of activity for both overseas property investors and holidaymakers. With hot summers and mild winters, Turkey is quickly becoming a sought-after destination for Brits. The country is easily accessible with budget airlines, while low living costs and ample areas of historical interest may make it an attractive proposition.
ShelterOffshore.com said house prices in Turkey are likely to go up by as much as 15 per cent this year and 40 per cent over the last two years. This is despite the continuing financial problems across the world and the possibility of a global recession.
Purchasing a brand new two-bedroom apartment on a development for just £58,000, a bargain compared to costlier regions of the Mediterranean such as Spain and Portugal. Britons who have been priced out of the domestic housing market are looking for possible opportunities in Turkey. Commenting on this developing trend, the Telegraph said: "Canny young British buyers have invested in rental accommodations in Turkey to gain profit to get on to the UK ladder."
Marc Morley-Freer, spokesperson of Moneycorp commented: "we are still receiving a high level of enquiries relating to buying property in emerging markets like Turkey despite the global property market downturn".
Social BookmarkingIn recent years, Turkey has become a hotspot of activity for both overseas property investors and holidaymakers. With hot summers and mild winters, Turkey is quickly becoming a sought-after destination for Brits. The country is easily accessible with budget airlines, while low living costs and ample areas of historical interest may make it an attractive proposition.
ShelterOffshore.com said house prices in Turkey are likely to go up by as much as 15 per cent this year and 40 per cent over the last two years. This is despite the continuing financial problems across the world and the possibility of a global recession.
Purchasing a brand new two-bedroom apartment on a development for just £58,000, a bargain compared to costlier regions of the Mediterranean such as Spain and Portugal. Britons who have been priced out of the domestic housing market are looking for possible opportunities in Turkey. Commenting on this developing trend, the Telegraph said: "Canny young British buyers have invested in rental accommodations in Turkey to gain profit to get on to the UK ladder."
Marc Morley-Freer, spokesperson of Moneycorp commented: "we are still receiving a high level of enquiries relating to buying property in emerging markets like Turkey despite the global property market downturn".
Labels: British, Property-prices, Turkish-Riviera
Turkish housing market benefiting from foreign investment
Thursday, December 4, 2008
People planning to buy property in Turkey may be interested in new figures that have revealed that foreign investment in Turkey has grown considerably over the past five years.
According to new figures, over $10 billion (£5.45 billion) has been invested in the country's housing market from overseas. The changes in the Foreign Direct Investment Law allows foreign companies and individuals to buy bigger chunks of property, thus boosting demand even further. In some parts of the country electricity bills come with an English translation as so many foreigners have now bought property in those areas.
According to Aston Lloyd, Turkey offers very competitive house prices which means investors who buy early could benefit from capital appreciation as in the last four years, house prices are going up at a rate of about seven per cent per annum. He also added that it is fairly easy to pick up a home in Turkey for less than £50,000.
According to Hisham A Rahman Khalifa, investment banking manager at Shamil Bank, in an interview to the Gulf Daily News, house prices in Turkey have gone up consistently since 2002. He added that Antalya and Istanbul are two of the best-performing markets in Turkey, as they have seen more foreign investment in recent years.
Social BookmarkingAccording to new figures, over $10 billion (£5.45 billion) has been invested in the country's housing market from overseas. The changes in the Foreign Direct Investment Law allows foreign companies and individuals to buy bigger chunks of property, thus boosting demand even further. In some parts of the country electricity bills come with an English translation as so many foreigners have now bought property in those areas.
According to Aston Lloyd, Turkey offers very competitive house prices which means investors who buy early could benefit from capital appreciation as in the last four years, house prices are going up at a rate of about seven per cent per annum. He also added that it is fairly easy to pick up a home in Turkey for less than £50,000.
According to Hisham A Rahman Khalifa, investment banking manager at Shamil Bank, in an interview to the Gulf Daily News, house prices in Turkey have gone up consistently since 2002. He added that Antalya and Istanbul are two of the best-performing markets in Turkey, as they have seen more foreign investment in recent years.
Labels: Investment-property, Turkish-property
Turkey catching up fast in Golf tourism
Monday, December 1, 2008
Turkey has been named as a top spot for golf lovers and golf tourism is set to increase considerably over the next few years, experts have predicted.
KPMG Golf Advisory Practice recently revealed its Golf Travel Insight report for Europe, the Middle East and Africa which stated that Portugal, Spain and Turkey are s golf tourism's future hot spots. The study was conducted in more than 80 specialist golf tour operators in 21 countries in spring 2008. However, some surprising destinations are revealed in the survey such as Turkey which was ranked third on the list of future golf hot spots.
Andrea Sartori, head of KPMG's specialist Golf Advisory Practice for the EMA region, said that the growing competition doesn't leave much room for further growth in established golfing destinations.
Moreover, Turkey was named best golf destination in Europe by the International Association of Golf Tour Operators. Turkish government has developed its golf infrastructure and plans to create 100 new courses are underway. Property experts described the plans as "a major boost for tourism ", adding that it will have a good effect on the property market in the country.
In related news, Golf-lovers will be pleased to hear that government has invested £22.8 million in the new golf resort in Altinkum, Turkey, which is expected to open up a higher-end market in the area.
Social BookmarkingKPMG Golf Advisory Practice recently revealed its Golf Travel Insight report for Europe, the Middle East and Africa which stated that Portugal, Spain and Turkey are s golf tourism's future hot spots. The study was conducted in more than 80 specialist golf tour operators in 21 countries in spring 2008. However, some surprising destinations are revealed in the survey such as Turkey which was ranked third on the list of future golf hot spots.
Andrea Sartori, head of KPMG's specialist Golf Advisory Practice for the EMA region, said that the growing competition doesn't leave much room for further growth in established golfing destinations.
Moreover, Turkey was named best golf destination in Europe by the International Association of Golf Tour Operators. Turkish government has developed its golf infrastructure and plans to create 100 new courses are underway. Property experts described the plans as "a major boost for tourism ", adding that it will have a good effect on the property market in the country.
In related news, Golf-lovers will be pleased to hear that government has invested £22.8 million in the new golf resort in Altinkum, Turkey, which is expected to open up a higher-end market in the area.
Labels: Golf-property, Tourism
