Interest in the Turkish property market is intensifying
Saturday, March 28, 2009
Property in Turkey could be a good option for those looking for an affordable holiday home and the nation is rapidly becoming one of Europe's most sought-after property markets for foreign investors, according to reports.
The strength of the euro against the pound has dissuaded many UK buyers from investing in European destinations. However, Turkey provides better value than many of its European counterparts. Foreign investors get more for their money in Turkey, when compared to Spain or popular Greek resorts. Azure Overseas has pointed out that the destination is increasingly popular with tourists, as well as boasting low-entry prices for potential investors.
Turkey is not in the 'euro loop' it has not been affected as severely as other countries due to the economic crisis. This has made Julian Walker, a spokesman for Spot Blue, a specialist in Turkish property to believe that Turkey the logical choice for those seeking to balance lifestyle and financial advantage in their retirement.
Turkish lira in Turkish banks is currently offering a return of 20 per cent. Foreign investors can buy properties in sterling and that prices are still "very low compared to the rest of Europe. Certain areas of Turkey are actually standing up very well and areas such as Antalya and Fethiye are still on the rise. Turkish property market is also currently averaging 40 per cent returns, while the rest of Europe floats at around five per cent growth. According to the Nour Group, The property prices have dropped by as much as 50 per cent in the suburbs of Istanbul and some sea-view apartments have experienced a 20 per cent fall in prices.
Janet Schofield of the Turkish specialists Nicholas Homes commented: "Prices haven't gone up lately, and there are lot of good deals, such as two-bedroom apartments around £40,000 and villas with pools for around £140,000."
Social BookmarkingThe strength of the euro against the pound has dissuaded many UK buyers from investing in European destinations. However, Turkey provides better value than many of its European counterparts. Foreign investors get more for their money in Turkey, when compared to Spain or popular Greek resorts. Azure Overseas has pointed out that the destination is increasingly popular with tourists, as well as boasting low-entry prices for potential investors.
Turkey is not in the 'euro loop' it has not been affected as severely as other countries due to the economic crisis. This has made Julian Walker, a spokesman for Spot Blue, a specialist in Turkish property to believe that Turkey the logical choice for those seeking to balance lifestyle and financial advantage in their retirement.
Turkish lira in Turkish banks is currently offering a return of 20 per cent. Foreign investors can buy properties in sterling and that prices are still "very low compared to the rest of Europe. Certain areas of Turkey are actually standing up very well and areas such as Antalya and Fethiye are still on the rise. Turkish property market is also currently averaging 40 per cent returns, while the rest of Europe floats at around five per cent growth. According to the Nour Group, The property prices have dropped by as much as 50 per cent in the suburbs of Istanbul and some sea-view apartments have experienced a 20 per cent fall in prices.
Janet Schofield of the Turkish specialists Nicholas Homes commented: "Prices haven't gone up lately, and there are lot of good deals, such as two-bedroom apartments around £40,000 and villas with pools for around £140,000."
Labels: Turkish-property
Turkey vs. Greece which is better for buying property?
Tuesday, March 24, 2009
Turkey is a more financially viable option than Greece for investors seeking to buy property and also for the tourists, it has been reported.
Paul Collins, property editor of BuyAssociation, has stated that Turkey is "significantly" cheaper than Cyprus Property or Greece or elsewhere in the Mediterranean. Mass tourism is a promiscuous business and the summer destinations such as Turkey are looking cheaper than the Greek islands. Most tourists compare prices as readily as they swap holiday snaps when they come home and as Turkey remains outside the single currency offers much better value against the pound for holidaymakers.
Figures reveal that demand for travel to Turkey has increased considerably in 2008 and travel experts have said they expect this pattern to continue in 2009.
The Association of British Travel Agents (Abta) spokesman commented: "the position of the currencies unlikely to get much better in the coming months, holidaymakers are expected to look further afield to North Africa and Turkey, which offer much better value for money and where you can still find dinner for two for £20."
According to Shelter Offshore.com, a £100,000 property purchase in Greece can see costs of around £10,000 added to the bill in the guise of land registry, local tax, transfer tax and other notary fees. This sum can rise to £17,500 when all other expenditure is considered. The website has cited research conducted by leading consumer group Which and has reported that the hidden costs can make migration to Greece costlier for UK consumers. However, Costs in Turkey are comparatively low at around £7,000 it is suggested, potentially representing better value for money.
In related news, Turkey's tourist industry is enjoying a boom, with the number of visitors to the nation has risen by 23 per cent this year, reports Today's Zaman.
Social BookmarkingPaul Collins, property editor of BuyAssociation, has stated that Turkey is "significantly" cheaper than Cyprus Property or Greece or elsewhere in the Mediterranean. Mass tourism is a promiscuous business and the summer destinations such as Turkey are looking cheaper than the Greek islands. Most tourists compare prices as readily as they swap holiday snaps when they come home and as Turkey remains outside the single currency offers much better value against the pound for holidaymakers.
Figures reveal that demand for travel to Turkey has increased considerably in 2008 and travel experts have said they expect this pattern to continue in 2009.
The Association of British Travel Agents (Abta) spokesman commented: "the position of the currencies unlikely to get much better in the coming months, holidaymakers are expected to look further afield to North Africa and Turkey, which offer much better value for money and where you can still find dinner for two for £20."
According to Shelter Offshore.com, a £100,000 property purchase in Greece can see costs of around £10,000 added to the bill in the guise of land registry, local tax, transfer tax and other notary fees. This sum can rise to £17,500 when all other expenditure is considered. The website has cited research conducted by leading consumer group Which and has reported that the hidden costs can make migration to Greece costlier for UK consumers. However, Costs in Turkey are comparatively low at around £7,000 it is suggested, potentially representing better value for money.
In related news, Turkey's tourist industry is enjoying a boom, with the number of visitors to the nation has risen by 23 per cent this year, reports Today's Zaman.
Labels: British, Property-prices, Travel
Turkey deserves investors consideration in 2009
Monday, March 16, 2009
As the Global economic crisis continues to affect all the sectors, property in Turkey is becoming a potential investment target.
According to overseas property specialists Azure Overseas, Turkey could see a rise in interest for its properties during 2009.
Company director Frank Crowley claims that prices for property in Turkey are now "falling back" in line with the global market and added the country's predicted growth in accessibility, core infrastructure; tourism amenities and economic prospects all work in its favor for 2009. Massive investment being ploughed into improving the infrastructure by the government and industry experts believe that this sort of investment forces the value of real estate up - even in a falling market.
The economic crisis could also spell good news for Turkey's tourism industry, as it is one of the most affordable tourist destinations. Tourism in Turkey rose by 13.1 per cent in the first ten months of 2008. Turkey's tourist board has stated that the nation will have a strong year in 2009, due to the country's status of European Capital of Culture next year and a number of cultural events which is expected to draw in increased number of holidaymakers. James Gonzalez, market analyst at Obelisk investment property commented: "The signs are that Turkey is set to become more established during 2009 and the nation certainly offers some excellent investment opportunities."
In related news, Paul Schwaiger, managing director of SunExpress, the joint venture of Turkish Airlines and Lufthansa has stated that Turkey's quality offerings and value for money will attract holidaymakers, which could be good news for people with property in Turkey, reports Hurriyet Daily News.
Social BookmarkingAccording to overseas property specialists Azure Overseas, Turkey could see a rise in interest for its properties during 2009.
Company director Frank Crowley claims that prices for property in Turkey are now "falling back" in line with the global market and added the country's predicted growth in accessibility, core infrastructure; tourism amenities and economic prospects all work in its favor for 2009. Massive investment being ploughed into improving the infrastructure by the government and industry experts believe that this sort of investment forces the value of real estate up - even in a falling market.
The economic crisis could also spell good news for Turkey's tourism industry, as it is one of the most affordable tourist destinations. Tourism in Turkey rose by 13.1 per cent in the first ten months of 2008. Turkey's tourist board has stated that the nation will have a strong year in 2009, due to the country's status of European Capital of Culture next year and a number of cultural events which is expected to draw in increased number of holidaymakers. James Gonzalez, market analyst at Obelisk investment property commented: "The signs are that Turkey is set to become more established during 2009 and the nation certainly offers some excellent investment opportunities."
In related news, Paul Schwaiger, managing director of SunExpress, the joint venture of Turkish Airlines and Lufthansa has stated that Turkey's quality offerings and value for money will attract holidaymakers, which could be good news for people with property in Turkey, reports Hurriyet Daily News.
Labels: Tourism, Turkish-property
World Windsurf Cup boosts tourism in Alacati
Sunday, March 15, 2009
Several locations along Turkey's Aegean coast draw windsurfers (sailboarders) around the world because of their outstanding conditions and the world's best windsurfers will visit the village of Alacati this summer to compete in the windsurfing world tour.
Alacati, a unique town on the western coast of Turkey and it is nearly 72 km west of Izmir. Alacati is originally a small farming village kept much of its character over the time, allowing it to be preserved and beautified and now it's a fantastic place to escape the stresses of city life and travel for a few days. Among the keenest visitors are windsurfers, who come for the predictable, changing winds over a safe, wave-less, sand-bottom bay.
The semi-official Anatolia news agency reported that Alacati is getting prepared to host the 6th leg of the World Windsurf Cup between August 12 and 16 organized by Professional Windsurfers Association (PWA), Turkish Sailing Federation, Sport works and Alacati Municipality.
Engin Kalafatoglu from Turkish Sailing Federation has stated that Alacati was ready for such organizations and events. World's best sail boarders such as Bjorn Dunkerbeck, Kevin Pritchard, Micah Buzianis, Jimmy Diaz and Antoine Albeau are expected to be present at the event in Alacati.
The area has already been pronounced a tourism centre by the nation's Ministry of Culture and Tourism. The event is likely to attract interest not only from sports fans around the world as they flock to see some of the biggest names in wind surfing but also it is hoped this sporting event will boost interest from holidaymakers.
In related news, the Turkish Daily News recently stated that Turkey has become Diving hotspot for diving enthusiasts, with up to 30 meters visibility in the surrounding waters between April and November.
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Alacati, a unique town on the western coast of Turkey and it is nearly 72 km west of Izmir. Alacati is originally a small farming village kept much of its character over the time, allowing it to be preserved and beautified and now it's a fantastic place to escape the stresses of city life and travel for a few days. Among the keenest visitors are windsurfers, who come for the predictable, changing winds over a safe, wave-less, sand-bottom bay.
The semi-official Anatolia news agency reported that Alacati is getting prepared to host the 6th leg of the World Windsurf Cup between August 12 and 16 organized by Professional Windsurfers Association (PWA), Turkish Sailing Federation, Sport works and Alacati Municipality.
Engin Kalafatoglu from Turkish Sailing Federation has stated that Alacati was ready for such organizations and events. World's best sail boarders such as Bjorn Dunkerbeck, Kevin Pritchard, Micah Buzianis, Jimmy Diaz and Antoine Albeau are expected to be present at the event in Alacati.
The area has already been pronounced a tourism centre by the nation's Ministry of Culture and Tourism. The event is likely to attract interest not only from sports fans around the world as they flock to see some of the biggest names in wind surfing but also it is hoped this sporting event will boost interest from holidaymakers.
In related news, the Turkish Daily News recently stated that Turkey has become Diving hotspot for diving enthusiasts, with up to 30 meters visibility in the surrounding waters between April and November.
Labels: Tourism
Antalya Sunsplash beach party
Saturday, March 14, 2009
Overseas property buyers may be able to take advantage of increasing visitor numbers in Turkey's Antalya province.
Festival goers can try something new this summer as Antalya, the stunning beach resort prepares itself for SunSplash Music Week which runs from 3-10 May 2009 bringing together some of the UK’s and Turkey’s most leading DJs and musicians to provide the ultimate musical accompaniment . Sunsplash Antalya has teamed up exclusively with Hillside Su-Turkey's hippest design hotel with its blue flag awarded beach front to offer a unique holiday and festival combo. Prices for this week long sunset beach party is £640 per person including accommodation, meals and all parties
This boutique festival brings together the inspirational musical entertainment to a week of lazy beach days, sunset beach parties and late night club sessions. Add to this the magnificent surroundings of the Hillside Su, Turkey's achingly chic, minimalist white decor hotel with alternative therapies, yoga and world class spa facilities, contemporary belly-dancing, capoeira, percussion lessons, contemporary Turkish & international cuisine, and holidaymakers have the perfect elements in place for a healthy, comfy holiday.
According to the Mediterranean Tourism Hotels Union (AKTOB), hotel occupancy rates in Antalya region have already reached their highest levels and privately-owned holiday homes are also becoming highly sought after.
Sururi Corabatir, chairman of AKTOB said that the increase in visitor numbers over the last few months as a "remarkable" development.
Festival goers can try something new this summer as Antalya, the stunning beach resort prepares itself for SunSplash Music Week which runs from 3-10 May 2009 bringing together some of the UK’s and Turkey’s most leading DJs and musicians to provide the ultimate musical accompaniment . Sunsplash Antalya has teamed up exclusively with Hillside Su-Turkey's hippest design hotel with its blue flag awarded beach front to offer a unique holiday and festival combo. Prices for this week long sunset beach party is £640 per person including accommodation, meals and all parties
This boutique festival brings together the inspirational musical entertainment to a week of lazy beach days, sunset beach parties and late night club sessions. Add to this the magnificent surroundings of the Hillside Su, Turkey's achingly chic, minimalist white decor hotel with alternative therapies, yoga and world class spa facilities, contemporary belly-dancing, capoeira, percussion lessons, contemporary Turkish & international cuisine, and holidaymakers have the perfect elements in place for a healthy, comfy holiday.
According to the Mediterranean Tourism Hotels Union (AKTOB), hotel occupancy rates in Antalya region have already reached their highest levels and privately-owned holiday homes are also becoming highly sought after.
Sururi Corabatir, chairman of AKTOB said that the increase in visitor numbers over the last few months as a "remarkable" development.
Labels: Antalya, Latest-news
Bodrum Turkbuku is set to benefit from a new marina
Wednesday, March 11, 2009
The Mayor of Bodrum Turkbuku town Halil Ibrahim kaynar announced that the town will build a new 600-yacht-capacity marina, which could boost tourism in the region.
Kaynar said that the marina will cost approximately $30 million and its construction will last for two years.
He commented: "Turkbuku is a popular place for many important names from the art, sport and business industries. The new marina will be built in European standards and when it is completed, the tour district will gain more importance," he said. The mayor added that the project, which will use the build-operate-transfer model, will also host a space for fishing boats and the marina project has strengthened the position of the on-going Urban Design Project.
Bodrum has already been pronounced as a tourism centre by the nation's Ministry of Culture and Tourism and it is hoped this new development will boost interest from holidaymakers. Gunduz Nalbantoglu, chairman of the Bodrum Chamber of Maritime Trade said that the Bodrum Peninsula already has three marinas working at full capacity. A fourth marina will be good for the district.
Commenting on Bodrum, the Sun newspaper said: "property prices have increased recently as the peninsula has realized its potential for tourism". The publication suggested that Bodrum peninsula could provide a lifetime investment, especially since it had the potential to be more lucrative than a purchase in the UK.
Social BookmarkingKaynar said that the marina will cost approximately $30 million and its construction will last for two years.
He commented: "Turkbuku is a popular place for many important names from the art, sport and business industries. The new marina will be built in European standards and when it is completed, the tour district will gain more importance," he said. The mayor added that the project, which will use the build-operate-transfer model, will also host a space for fishing boats and the marina project has strengthened the position of the on-going Urban Design Project.
Bodrum has already been pronounced as a tourism centre by the nation's Ministry of Culture and Tourism and it is hoped this new development will boost interest from holidaymakers. Gunduz Nalbantoglu, chairman of the Bodrum Chamber of Maritime Trade said that the Bodrum Peninsula already has three marinas working at full capacity. A fourth marina will be good for the district.
Commenting on Bodrum, the Sun newspaper said: "property prices have increased recently as the peninsula has realized its potential for tourism". The publication suggested that Bodrum peninsula could provide a lifetime investment, especially since it had the potential to be more lucrative than a purchase in the UK.
Labels: Bodrum, Infrastructure
Turkish tourism's official portal is one of Google's most visited sites
Tuesday, March 10, 2009
Overseas property investors could benefit from Turkey's popularity as a holiday destination, with reports that Turkish tourism's official portal, www.goturkey.com, is one of Google's most visited sites.
According to Istanbul Bulletin, Turkey's site received eight out of a total of ten points for its importance and worldwide popularity. The spokesperson of the Turkish ministry of tourism has said that the website was designed to reach international markets and large audiences. The website brings together both public and private companies to showcase the best of what holidays in Turkey have to offer, communications, details about tourist offices, time zones, currency regulations etc.
The website states that Turkey combines great beaches, delicious food, culture and value for money with temperatures of up to 75F in November and the country is a year-round holiday destination.
According to Today's Zaman, Kerim Cavusoglu, president of the Turkish Association of Travel Agents (TURSAB) has said that he is pleased by the positive developments in the tourism sector and believes the industry will present a number of new opportunities over the course of the next few years. The amount of holidaymakers deciding to take a break in the country has risen by 23 per cent this year.
Turkey's tourist industry is enjoying a boom which could make buying a property in a popular holiday region a profitable venture for overseas investors.
Social BookmarkingAccording to Istanbul Bulletin, Turkey's site received eight out of a total of ten points for its importance and worldwide popularity. The spokesperson of the Turkish ministry of tourism has said that the website was designed to reach international markets and large audiences. The website brings together both public and private companies to showcase the best of what holidays in Turkey have to offer, communications, details about tourist offices, time zones, currency regulations etc.
The website states that Turkey combines great beaches, delicious food, culture and value for money with temperatures of up to 75F in November and the country is a year-round holiday destination.
According to Today's Zaman, Kerim Cavusoglu, president of the Turkish Association of Travel Agents (TURSAB) has said that he is pleased by the positive developments in the tourism sector and believes the industry will present a number of new opportunities over the course of the next few years. The amount of holidaymakers deciding to take a break in the country has risen by 23 per cent this year.
Turkey's tourist industry is enjoying a boom which could make buying a property in a popular holiday region a profitable venture for overseas investors.
Labels: Latest-news, Tourism
