Good Turkey properties available for under EUR 50,000
Wednesday, July 22, 2009
It is possible to pick up a good property in Turkey at prices of EUR 50,000 (GBP 42,850) in best locations, it has been reported.
Property and lifestyle magazine Quest stated that many British purchasers are looking for homes at the lower end of the market and listed three examples of the sort of bargains UK buyers could enjoy. These included a three-bed, two-bathroom villa with a sea view near Bodrum, a three-bed beach apartment at Fethiye, Calis Beach and a one-bed apartment near the beach in Alanya.
Head of private clients at property firm World First Elisabeth Dobson commented: "People are attracted to properties in turkey of £30,000 as they know that in the UK they will have to spend that on a new car."
According to Daily Mail, cheap accommodations are still available, although prices are rising by 20 per cent a year, suggesting those making acquisitions could see their value rise substantially. The country is affordable because it does not use the euro as its currency - making exchange rates more favorable - while the equivalent of council tax costs £150 a year and there are many cheap places to eat and drink. Meanwhile, Turkish news provider Hurriyet recently claimed that the rapid growth of the country's tourism industry will contribute to a property boom in 2010.
Social BookmarkingProperty and lifestyle magazine Quest stated that many British purchasers are looking for homes at the lower end of the market and listed three examples of the sort of bargains UK buyers could enjoy. These included a three-bed, two-bathroom villa with a sea view near Bodrum, a three-bed beach apartment at Fethiye, Calis Beach and a one-bed apartment near the beach in Alanya.
Head of private clients at property firm World First Elisabeth Dobson commented: "People are attracted to properties in turkey of £30,000 as they know that in the UK they will have to spend that on a new car."
According to Daily Mail, cheap accommodations are still available, although prices are rising by 20 per cent a year, suggesting those making acquisitions could see their value rise substantially. The country is affordable because it does not use the euro as its currency - making exchange rates more favorable - while the equivalent of council tax costs £150 a year and there are many cheap places to eat and drink. Meanwhile, Turkish news provider Hurriyet recently claimed that the rapid growth of the country's tourism industry will contribute to a property boom in 2010.
Labels: British, Investment-property, Property-prices
Turkey is an opportunity to Europe not threat
Friday, July 17, 2009
Turkey will have the EU's second-highest economic growth and the country is not a threat to Europe, but an opportunity, according to British Foreign Secretary David Miliband.
in German daily Frankfurter Allgemeine Zeitung , British Foreign Secretary David Miliband wrote, "Turkey is not a threat to Europe, but an opportunity", arguing against European leaders those who oppose Turkey's European Union membership bid. He has stated that According to OECD projections, Turkey will have the EU's second-highest economic growth; it can be a key route for transporting oil and gas from the Middle East and Central Asia. This shows that Turkey is not a threat to Europe, but an opportunity.
In Brussels, Turkey’s Prime Minister Recep Tayyip Erdogan restated its determination to join the European Union, despite signs of growing opposition from some leading European countries, saying he hoped to sign a deal next month to bring Turkey into the planned Nabucco gas pipeline project, which will transfer Central Asian gas to Europe. "We cannot accept the positions France and Germany have taken. Our goal is full membership" said Erdogan.
According to Propertywire reports, foreign buyers have spent in excess of $10 billion (£5.4 billion) in the last five years. Orhun Ozdener Vahaboglu, a real estate agent in Istanbul, noted that the value of coastal property in Turkey was rising because of the increased interest from foreigner purchasers. He commented: "Turkey has become a popular choice for those looking for investment properties overseas, as the European membership is a pending issue. As soon as this is realised, we may expect that the prices will double."
Meanwhile, Nobel Prize winners, Chicago University Professor Robert Lucas and Arizona State Professor Edward Prescott, expressed their opinions on the recovery of the Turkish economy during the annual meeting of the Economic Dynamics Association. They are optimistic about the Turkish economy and expressed that, despite the recession seen in the first quarter of the year, rapid economic growth will be achieved depending on the recovery of markets that Turkey trades with.
Social Bookmarkingin German daily Frankfurter Allgemeine Zeitung , British Foreign Secretary David Miliband wrote, "Turkey is not a threat to Europe, but an opportunity", arguing against European leaders those who oppose Turkey's European Union membership bid. He has stated that According to OECD projections, Turkey will have the EU's second-highest economic growth; it can be a key route for transporting oil and gas from the Middle East and Central Asia. This shows that Turkey is not a threat to Europe, but an opportunity.
In Brussels, Turkey’s Prime Minister Recep Tayyip Erdogan restated its determination to join the European Union, despite signs of growing opposition from some leading European countries, saying he hoped to sign a deal next month to bring Turkey into the planned Nabucco gas pipeline project, which will transfer Central Asian gas to Europe. "We cannot accept the positions France and Germany have taken. Our goal is full membership" said Erdogan.
According to Propertywire reports, foreign buyers have spent in excess of $10 billion (£5.4 billion) in the last five years. Orhun Ozdener Vahaboglu, a real estate agent in Istanbul, noted that the value of coastal property in Turkey was rising because of the increased interest from foreigner purchasers. He commented: "Turkey has become a popular choice for those looking for investment properties overseas, as the European membership is a pending issue. As soon as this is realised, we may expect that the prices will double."
Meanwhile, Nobel Prize winners, Chicago University Professor Robert Lucas and Arizona State Professor Edward Prescott, expressed their opinions on the recovery of the Turkish economy during the annual meeting of the Economic Dynamics Association. They are optimistic about the Turkish economy and expressed that, despite the recession seen in the first quarter of the year, rapid economic growth will be achieved depending on the recovery of markets that Turkey trades with.
Labels: Latest-news
Quarterly Data Shows Searches for Turkish property soar
Tuesday, July 14, 2009
Searches for Turkey property saw a month-on-month rise and were up 30% in the three month period ending June 22, according to specialists in Turkish property, Spot Blue.
According to Julian Walker, director of the firm reported that 2009 had gotten off to a bright start, and their latest figures suggest that this is continuing. "The monthly statistics showed that the number of overseas buyers in Turkey was climbing. Three monthly figures are generally regarded as being more accurate, and so we have compiled our latest data on that basis. A 30% climb shows that people are once again starting to look seriously at buying property in Turkey," he said.
The number of people searching for houses for sale in Turkey grew by 162% over the same period, and for 'villas for sale in Turkey' grew by an astonishing 588%. Indians are the biggest contributors with 92% more Indian's visiting the site during the three months. Surprisingly Ireland was the second biggest climber with 49% and the UK grew 22% in terms of people looking for Turkey property during the same period.
"I am not saying that sales are hitting the levels they did at the peak of the last boom, but we have been operating for many years, and sales are returning to the kind of levels that exist when we are neither in a boom or decline," Mr. Walker said..
"It will be interesting to see how much this growth will accelerate through the spring as we enter into the summer months," he concluded.
According to property website Primelocation.com, British interest in overseas property shows no sign of diminishing. They have reported that searches for foreign property have passed the million mark - up more than 13 per cent on the same period last year and
Turkey has seen a huge surge in popularity, with search figures are up by 31 per cent.
Social BookmarkingAccording to Julian Walker, director of the firm reported that 2009 had gotten off to a bright start, and their latest figures suggest that this is continuing. "The monthly statistics showed that the number of overseas buyers in Turkey was climbing. Three monthly figures are generally regarded as being more accurate, and so we have compiled our latest data on that basis. A 30% climb shows that people are once again starting to look seriously at buying property in Turkey," he said.
The number of people searching for houses for sale in Turkey grew by 162% over the same period, and for 'villas for sale in Turkey' grew by an astonishing 588%. Indians are the biggest contributors with 92% more Indian's visiting the site during the three months. Surprisingly Ireland was the second biggest climber with 49% and the UK grew 22% in terms of people looking for Turkey property during the same period.
"I am not saying that sales are hitting the levels they did at the peak of the last boom, but we have been operating for many years, and sales are returning to the kind of levels that exist when we are neither in a boom or decline," Mr. Walker said..
"It will be interesting to see how much this growth will accelerate through the spring as we enter into the summer months," he concluded.
According to property website Primelocation.com, British interest in overseas property shows no sign of diminishing. They have reported that searches for foreign property have passed the million mark - up more than 13 per cent on the same period last year and
Turkey has seen a huge surge in popularity, with search figures are up by 31 per cent.
Labels: Market-Trends, Turkish-property
Bodrum's first-ever luxurious shopping centre
Monday, July 13, 2009
The robust demand for shopping malls in Turkish metropolitan areas has made foreign investors focus on tourist centers and Inholte, the owner of the German LIP group is developing a unique luxury shopping centre in Bodrum, a Turkish centre of tourism.
Germany's LIP (Ludger Inholte Projekentwicklung) partnered by Bodrum businessmen in Atos Capital will construct a class a shopping mall. The project is planned to be completed in 2011, while it will cost USD 100 million worth of investment. The new mall, called Halikarnas Galeri, will bring luxury brands such as Louis Vuitton to Bodrum.
The enclosed shopping centre will encompass a total 78,000 meter-square area and will be Bodrum's first-ever luxurious shopping centre. Bodrum already has one large shopping centre, Oasis, which also operates as an entertainment complex with its multiplex cinema, bowling alley, bars and restaurants.
According to Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT), the newly granted incentives will trigger brand new investments and they have been prepared for the first time in Turkey based on an industry analysis. Under the terms of the new incentive law, around TRY 50 million – TRY 1 billion will be invested in 12 sectors.
In related news, Russian businessmen made hotel investments in the past and newly permitted investments are on the way. Mihail Prohorov, one of the world's richest men, who ranked the first in Russian billionaires list last year, will construct a seven-star hotel in Cesme district of the Aegean province of Izmir, according to reports.
Social BookmarkingGermany's LIP (Ludger Inholte Projekentwicklung) partnered by Bodrum businessmen in Atos Capital will construct a class a shopping mall. The project is planned to be completed in 2011, while it will cost USD 100 million worth of investment. The new mall, called Halikarnas Galeri, will bring luxury brands such as Louis Vuitton to Bodrum.
The enclosed shopping centre will encompass a total 78,000 meter-square area and will be Bodrum's first-ever luxurious shopping centre. Bodrum already has one large shopping centre, Oasis, which also operates as an entertainment complex with its multiplex cinema, bowling alley, bars and restaurants.
According to Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT), the newly granted incentives will trigger brand new investments and they have been prepared for the first time in Turkey based on an industry analysis. Under the terms of the new incentive law, around TRY 50 million – TRY 1 billion will be invested in 12 sectors.
In related news, Russian businessmen made hotel investments in the past and newly permitted investments are on the way. Mihail Prohorov, one of the world's richest men, who ranked the first in Russian billionaires list last year, will construct a seven-star hotel in Cesme district of the Aegean province of Izmir, according to reports.
Labels: Bodrum, Infrastructure
Beach front property could be a top investment in 2009
Saturday, July 4, 2009
The Turkish beach front properties could be in for a boost as British buyers head to the country looking for cheaper homes and refuge from exchange rate hits.
According to Hurriyet, Beachfront properties in Turkey could prove a decent low cost investment as the country has replaced Spain as the most popular destination Brits this year. The news follows a raft of recent discounts announced on Turkish properties as Turkish builders are now prepared to slash prices, with some beach front properties in the Bodrum area originally listed at around $300,000 now available with $44,000 off. Elsewhere, Cumberland Properties is offering Seaview Regency Prestige villas with three-storey, three-bedroom villas costing from £175,000 ($248,212).
The Institute for Public Policy Research says one in eight British people over 55 will be living abroad by 2010, but many will be avoiding traditional markets like Spain, according to dailymail reports. Instead development hubs like Bodrum in Turkey look likely to attract investment and retirement home buyers.
Adam Samuel, of property portal Nubricks, explained that the country is much cheaper than most countries in the south-east of Europe, something that may entice people to invest in properties in Bodrum. Property buyers may be keen to take advantage of low prices and the possibility of gains if the country joins the EU in the next few years.
Social BookmarkingAccording to Hurriyet, Beachfront properties in Turkey could prove a decent low cost investment as the country has replaced Spain as the most popular destination Brits this year. The news follows a raft of recent discounts announced on Turkish properties as Turkish builders are now prepared to slash prices, with some beach front properties in the Bodrum area originally listed at around $300,000 now available with $44,000 off. Elsewhere, Cumberland Properties is offering Seaview Regency Prestige villas with three-storey, three-bedroom villas costing from £175,000 ($248,212).
The Institute for Public Policy Research says one in eight British people over 55 will be living abroad by 2010, but many will be avoiding traditional markets like Spain, according to dailymail reports. Instead development hubs like Bodrum in Turkey look likely to attract investment and retirement home buyers.
Adam Samuel, of property portal Nubricks, explained that the country is much cheaper than most countries in the south-east of Europe, something that may entice people to invest in properties in Bodrum. Property buyers may be keen to take advantage of low prices and the possibility of gains if the country joins the EU in the next few years.
