Government plans to make Istanbul an international finance hub
Thursday, October 22, 2009
The international community has full confidence in Turkey's economic policies and investors interest in Turkey is rising, said the country’s Deputy Prime Minister and Economy Minister Ali Babacan.
According to Hurriyet Daily News reports, the Deputy Prime Minister said that Istanbul hosted all the prominent actors of the global economy, these meetings can also be considered as the world's largest fair of finance and economy." He also noted that Turkish economic officials had the chance to meet executives of international rating agencies and informed them about Turkey's strong economic structure and its good macroeconomic performance in recent years. Turkish real estate owners have been boosted by the news that government to announce an action plan to make Istanbul an international finance hub.
Robert Hormats, Undersecretary for Economic, Energy and Agricultural Affairs at the US Department of State, said that his country is impressed with Turkey's economic achievements. Mr. Hormats said Turkey is an important economic partner of the United States in addition to the long-standing strategic alliance and he added that one of the reasons for their visit to Turkey is to increase trade and investments between the two countries, and that the United States sees Turkey as a strong economic partner, rather than just a security or strategic partner.
Buying property in Turkey could be a lucrative move as Turkey's Privatization Administration signals that the country will see a rapid privatization process in the upcoming period. As the Turkish economy bounces back, Financial analysts said that the growth next year have altered their figures to reflect a more positive outcome than originally thought. As the country continues to pull through the recession, analysts have expanded their projections for the gross domestic product of the country and Turkey could pass through real estate boom next year that haven't seen in generations."
In related news, Rudi Thomaes, President of the Federation of Belgian Enterprises, said, "We should talk about Turkey instead of China because Turkey is among 11 countries that have a bright future." He added that, as Belgian businessmen, they have also witnessed positive improvements in Turkey.
Social BookmarkingAccording to Hurriyet Daily News reports, the Deputy Prime Minister said that Istanbul hosted all the prominent actors of the global economy, these meetings can also be considered as the world's largest fair of finance and economy." He also noted that Turkish economic officials had the chance to meet executives of international rating agencies and informed them about Turkey's strong economic structure and its good macroeconomic performance in recent years. Turkish real estate owners have been boosted by the news that government to announce an action plan to make Istanbul an international finance hub.
Robert Hormats, Undersecretary for Economic, Energy and Agricultural Affairs at the US Department of State, said that his country is impressed with Turkey's economic achievements. Mr. Hormats said Turkey is an important economic partner of the United States in addition to the long-standing strategic alliance and he added that one of the reasons for their visit to Turkey is to increase trade and investments between the two countries, and that the United States sees Turkey as a strong economic partner, rather than just a security or strategic partner.
Buying property in Turkey could be a lucrative move as Turkey's Privatization Administration signals that the country will see a rapid privatization process in the upcoming period. As the Turkish economy bounces back, Financial analysts said that the growth next year have altered their figures to reflect a more positive outcome than originally thought. As the country continues to pull through the recession, analysts have expanded their projections for the gross domestic product of the country and Turkey could pass through real estate boom next year that haven't seen in generations."
In related news, Rudi Thomaes, President of the Federation of Belgian Enterprises, said, "We should talk about Turkey instead of China because Turkey is among 11 countries that have a bright future." He added that, as Belgian businessmen, they have also witnessed positive improvements in Turkey.
Labels: Istanbul, Turkish-property
Major Danish firms support for Turkey's EU accession bid
Monday, September 21, 2009
Turkey has the aim of developing and strengthening economic and commercial ties between Turkish and Danish companies. In a meeting in Istanbul, Representatives of major companies from Denmark have reiterated their firm support for Turkey's European Union accession bid.
Chief executive officers of 19 leading Danish firms, including Maersk, one of the world's biggest sea transportation companies, energy firm Dong and leading beer producer Carlsberg, with representatives from Dogan Broadcasting and Publishing Holding attended the meeting of Young Presidents' Organization, held at the Dogan Media Center.
Speaking at the meeting, Stefen Kragh, Egemont Group head said, "Turkey is one of the world's top 15 economies, and has a great potential to develop." Kragh said some of his colleagues were in Turkey for the first time to attend the meeting, and had already had their views of Turkey changed, and added; "Now they all believe that Turkey should be part of the EU.” If the government can make significant progress; and full EU membership for Turkey looks like becoming a reality it will likely trigger a buying spree; with overseas property investors attempting to buy in advance of the massive price growth.
EU membership provides a massive boost to property price growth in new member states; with Bulgaria and Estonia as shining examples. The Turkish property market is doing brilliantly in its own right, with prices still growing on some properties even as prices fall all around the world. This being made possible mainly by record tourism growth; 23million visitors last year, and 30million expected this year.
Social BookmarkingChief executive officers of 19 leading Danish firms, including Maersk, one of the world's biggest sea transportation companies, energy firm Dong and leading beer producer Carlsberg, with representatives from Dogan Broadcasting and Publishing Holding attended the meeting of Young Presidents' Organization, held at the Dogan Media Center.
Speaking at the meeting, Stefen Kragh, Egemont Group head said, "Turkey is one of the world's top 15 economies, and has a great potential to develop." Kragh said some of his colleagues were in Turkey for the first time to attend the meeting, and had already had their views of Turkey changed, and added; "Now they all believe that Turkey should be part of the EU.” If the government can make significant progress; and full EU membership for Turkey looks like becoming a reality it will likely trigger a buying spree; with overseas property investors attempting to buy in advance of the massive price growth.
EU membership provides a massive boost to property price growth in new member states; with Bulgaria and Estonia as shining examples. The Turkish property market is doing brilliantly in its own right, with prices still growing on some properties even as prices fall all around the world. This being made possible mainly by record tourism growth; 23million visitors last year, and 30million expected this year.
Labels: Turkish-property
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
Turkish Property Boosted by Growth in Sterling's Value
Thursday, June 11, 2009
Turkey property is set to become even more popular with British buyers, as Moneycorp's prediction for Sterling to strengthen against the Turkish Lira continues to come true.
Turkish property is now 19% cheaper to British buyers than it was in April. This will cause a further increase in the popularity of Turkish property with British buyers, 1 Pound sterling has risen from being worth 2.30 Lira to 2.35, where Moneycorp said it may peak or stretch to 2.40.
"In the long term, we expect the Pound will get stronger, certainly climbing back up to 2.35% and possibly even to 2.40%," the Moneycorp analyst concluded. This growth has far exceeded the predictions of Moneycorp, right now one British Pound will buy 2.50 Turkish Lira (rounded up). Though Sterling has recently been strengthening against the Euro, it has been weakening against the Turkish Lira; this is expected to turn around in the next few months, making Turkey property even less expensive to British buyers. Les Calvert, director of property-abroad said "a rise of even 10 points can have a massive impact on the price of properties to British buyers."
Julian Walker, director of Spot Blue, specialists in Turkey property commented: "Such a rise in Sterling’s value against the Turkish Lira is likely to make Turkey property even more attractive to British property buyers."
According to major UK portal Property Abroad.com, Turkey property has been 4th most popular with the thousands of British property searchers received by the portal. The emerging markets analyst Julie Liddle told that it had gone from being 8th most popular in the first quarter of 2008, to being 5th most popular in Q1 2009 before jumping to 4th most popular in April.
Social BookmarkingTurkish property is now 19% cheaper to British buyers than it was in April. This will cause a further increase in the popularity of Turkish property with British buyers, 1 Pound sterling has risen from being worth 2.30 Lira to 2.35, where Moneycorp said it may peak or stretch to 2.40.
"In the long term, we expect the Pound will get stronger, certainly climbing back up to 2.35% and possibly even to 2.40%," the Moneycorp analyst concluded. This growth has far exceeded the predictions of Moneycorp, right now one British Pound will buy 2.50 Turkish Lira (rounded up). Though Sterling has recently been strengthening against the Euro, it has been weakening against the Turkish Lira; this is expected to turn around in the next few months, making Turkey property even less expensive to British buyers. Les Calvert, director of property-abroad said "a rise of even 10 points can have a massive impact on the price of properties to British buyers."
Julian Walker, director of Spot Blue, specialists in Turkey property commented: "Such a rise in Sterling’s value against the Turkish Lira is likely to make Turkey property even more attractive to British property buyers."
According to major UK portal Property Abroad.com, Turkey property has been 4th most popular with the thousands of British property searchers received by the portal. The emerging markets analyst Julie Liddle told that it had gone from being 8th most popular in the first quarter of 2008, to being 5th most popular in Q1 2009 before jumping to 4th most popular in April.
Labels: British, Turkish-property
Recovery Not Too Far Off for the Turkish property market
Thursday, June 4, 2009
The Turkish property market has regained its confidence, and a swift recovery is imminent.
Mustafa Boydak, head of the Kayseri Chamber of Commerce said that the Turkish economy bounced back relatively quickly to the difficulties posed by the ongoing global financial crisis to a great extent, pointing out that volatility in the market was slowly dissipating. Boydak said entrepreneurs should not hesitate to launch new investment projects, "It is high time that we concentrate on investments all throughout the country. We need to give the economy new impetus," he remarked.
The overseas mortgage specialist Conti revealed that there is a 65 per cent increase in mortgage applications for Turkish properties during the first five months of this year, compared to the same period at the end of 2008.
According to Conti, April and May saw a marked surge, with applications up 143 per cent year-on-year. Conti's operations director, Clare Nessling said that the demand is being fuelled by "great property prices and all the benefits of its Mediterranean location, minus the effects of the strong euro".
The country's tourist industry continues to show strong growth, with just fewer than 30 million visitors expected in 2009. Better-quality rental properties in popular tourist areas are therefore in demand and rental yields will be highly lucrative, with some developers offering guaranteed rentals.
Meanwhile, in a television program hosted by Ankara Representative Mehment Akarca on atv, Prime Minister Erdogan predicted that by the end of the year the effects of the economic crisis will have passed, and stated; "revitalization will begin by the last quarter of the year."
Social BookmarkingMustafa Boydak, head of the Kayseri Chamber of Commerce said that the Turkish economy bounced back relatively quickly to the difficulties posed by the ongoing global financial crisis to a great extent, pointing out that volatility in the market was slowly dissipating. Boydak said entrepreneurs should not hesitate to launch new investment projects, "It is high time that we concentrate on investments all throughout the country. We need to give the economy new impetus," he remarked.
The overseas mortgage specialist Conti revealed that there is a 65 per cent increase in mortgage applications for Turkish properties during the first five months of this year, compared to the same period at the end of 2008.
According to Conti, April and May saw a marked surge, with applications up 143 per cent year-on-year. Conti's operations director, Clare Nessling said that the demand is being fuelled by "great property prices and all the benefits of its Mediterranean location, minus the effects of the strong euro".
The country's tourist industry continues to show strong growth, with just fewer than 30 million visitors expected in 2009. Better-quality rental properties in popular tourist areas are therefore in demand and rental yields will be highly lucrative, with some developers offering guaranteed rentals.
Meanwhile, in a television program hosted by Ankara Representative Mehment Akarca on atv, Prime Minister Erdogan predicted that by the end of the year the effects of the economic crisis will have passed, and stated; "revitalization will begin by the last quarter of the year."
Labels: Market-Trends, Turkish-property
Merrill Lynch more optimistic about Turkey economy
Sunday, May 31, 2009
A new report by Merrill Lynch (MER) Global Research predicts 3.2 percent economic growth rate in Turkey for 2010, despite the general slowdown in the world economy.
Merrill Lynch forecasts global growth of 1.3 percent in 2009, down from 3.2 percent in 2008, rising to 3.1 percent in 2010. Turkey will make a quicker recovery than other countries of the region thanks to comparatively minimal damage in the banking sector, and it expects lower interest rates and higher government spending to stimulate domestic demand. The analysis expected a 6.3 percent inflation rate in Turkey in 2009. Turkey will emerge as one of the few safe havens for investment following the end of the crisis and entrepreneurs who invest in Turkey will not lose out, but will instead make considerable profit.
Meanwhile, Mehmet Şimşek, Turkish state minister for the Treasury told a New York meeting of a U.S.-based Turkish-American business association that his country's economy would begin recovery by 2010. Simsek added that a permanent recovery of the global economy would also require Institutions such as the IMF, the World Bank and other regional banks should do more to support countries like Turkey because these countries have been the locomotive of the global economic growth over the last years.
According to Finans Invest, the more good news for Turkish investors is the stocks closed their best month since 2003, while they may rally further after the benchmark index crossed the 200-day moving average for the first time in almost a year and a half. The benchmark index jumped after Tevfik Bilgin, head of the Banking Regulation and Supervision Agency, said profits at banks will increase and their balance sheets passed a stress test.
Social BookmarkingMerrill Lynch forecasts global growth of 1.3 percent in 2009, down from 3.2 percent in 2008, rising to 3.1 percent in 2010. Turkey will make a quicker recovery than other countries of the region thanks to comparatively minimal damage in the banking sector, and it expects lower interest rates and higher government spending to stimulate domestic demand. The analysis expected a 6.3 percent inflation rate in Turkey in 2009. Turkey will emerge as one of the few safe havens for investment following the end of the crisis and entrepreneurs who invest in Turkey will not lose out, but will instead make considerable profit.
Meanwhile, Mehmet Şimşek, Turkish state minister for the Treasury told a New York meeting of a U.S.-based Turkish-American business association that his country's economy would begin recovery by 2010. Simsek added that a permanent recovery of the global economy would also require Institutions such as the IMF, the World Bank and other regional banks should do more to support countries like Turkey because these countries have been the locomotive of the global economic growth over the last years.
According to Finans Invest, the more good news for Turkish investors is the stocks closed their best month since 2003, while they may rally further after the benchmark index crossed the 200-day moving average for the first time in almost a year and a half. The benchmark index jumped after Tevfik Bilgin, head of the Banking Regulation and Supervision Agency, said profits at banks will increase and their balance sheets passed a stress test.
Labels: Economy, Turkish-property
Property searches in the web for Turkey is going up
Wednesday, April 29, 2009
Turkey property searches saw a month-on-month rise of 38% in March, according to specialists in Turkish property, Spot Blue.
Spot blue latest figures suggest that 2009 had gotten off to a bright start for Turkey. Julian Walker, director of the firm comments "Things are starting to reach normal levels again, slowly but surely that is. Sales are returning to the kind of levels that exist when we are neither in a boom or decline."
"we were never crushed by this international recession, because we never put all our eggs in one basket, as we continued to offer properties in Turkey based on their quality and appeal to our client base, and to market them to anyone who wanted to buy a property in Turkey, for lifestyle reasons, investment, or both" continued Julian.
Meanwhile, propertytalk Live! Web site revealed that British second-home buyers have dropped the United States as a preferred destination and selected Turkey as their favourite. According to statistics from PropertyIndex. com, Turkey's searches increased by 154 percent in January to February 2009 compared with the same two months last year.
In related news, the average house price searched in Turkey jumped from 74,720 euros in January to February 2008 to 90,155 euros in 2009.
Social BookmarkingSpot blue latest figures suggest that 2009 had gotten off to a bright start for Turkey. Julian Walker, director of the firm comments "Things are starting to reach normal levels again, slowly but surely that is. Sales are returning to the kind of levels that exist when we are neither in a boom or decline."
"we were never crushed by this international recession, because we never put all our eggs in one basket, as we continued to offer properties in Turkey based on their quality and appeal to our client base, and to market them to anyone who wanted to buy a property in Turkey, for lifestyle reasons, investment, or both" continued Julian.
Meanwhile, propertytalk Live! Web site revealed that British second-home buyers have dropped the United States as a preferred destination and selected Turkey as their favourite. According to statistics from PropertyIndex. com, Turkey's searches increased by 154 percent in January to February 2009 compared with the same two months last year.
In related news, the average house price searched in Turkey jumped from 74,720 euros in January to February 2008 to 90,155 euros in 2009.
Labels: Market-Trends, Turkish-property
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 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
Turkey is emerging as a hotspot for medical tourists
Monday, February 16, 2009
Turkey has been named as one of the world's top medical tourist destinations and it could be good news for those considering buying property in the country as many analysts say it has bolstered its economy.
Hurriyet has recently reported that people are increasingly watching what they spend; Turkey's the low cost and high-quality healthcare facilities as well as the warm climate are key factors in its appeal to more mature buyers. The country also has some of the world's best-equipped hospitals. The Publication also added that people are opting for healthcare in Turkey due to the vacation opportunities available following recovery. The Turkish tourism authorities are bidding to attract more foreign visitors to the country by placing a renewed emphasis on its healthcare system.
Dr Dursun Aydin, president of the Association of Improving Health Tourism has stated that people from the Netherlands, United Kingdom, Belgium and France are all flocking to Turkey for treatments.
He commented: "Europeans prefer Turkey mostly for plastic surgery, in vitro fertilization, dental treatment and laser eye surgery. These surgeries cost an average of 5,000 euros in Europe. In Turkey, the average cost for such surgeries varies between 500 to 900 euros.”
The promotion of the nation as a top tourist location may be good news for those looking for property in Turkey as medical tourists may need accommodation to rent during their stay. The quality and affordability of care as well as receptiveness to foreign investment makes it a profitable long term investment.
Meanwhile, Mustafa Durmaz, chairman of Goreme Tourism Development Centre, told that tourists are not only keen to visit Turkey, but are also interested in learning about the traditional and regional flavors of Turkish food, Worldbulletin.net reports.
Hurriyet has recently reported that people are increasingly watching what they spend; Turkey's the low cost and high-quality healthcare facilities as well as the warm climate are key factors in its appeal to more mature buyers. The country also has some of the world's best-equipped hospitals. The Publication also added that people are opting for healthcare in Turkey due to the vacation opportunities available following recovery. The Turkish tourism authorities are bidding to attract more foreign visitors to the country by placing a renewed emphasis on its healthcare system.
Dr Dursun Aydin, president of the Association of Improving Health Tourism has stated that people from the Netherlands, United Kingdom, Belgium and France are all flocking to Turkey for treatments.
He commented: "Europeans prefer Turkey mostly for plastic surgery, in vitro fertilization, dental treatment and laser eye surgery. These surgeries cost an average of 5,000 euros in Europe. In Turkey, the average cost for such surgeries varies between 500 to 900 euros.”
The promotion of the nation as a top tourist location may be good news for those looking for property in Turkey as medical tourists may need accommodation to rent during their stay. The quality and affordability of care as well as receptiveness to foreign investment makes it a profitable long term investment.
Meanwhile, Mustafa Durmaz, chairman of Goreme Tourism Development Centre, told that tourists are not only keen to visit Turkey, but are also interested in learning about the traditional and regional flavors of Turkish food, Worldbulletin.net reports.
Labels: Tourism, Turkish-property
Turkey benefits from the change in holiday habits
Sunday, February 1, 2009
The Turkish property market is to receive a boost by rising tourist numbers due to the changing holiday habits by British travelers as they choose Turkey as their destination.
The Turkish tourism officials have credited current exchange rates across Europe are helping to boost the sector. Travel agent Dawson and Sanderson claimed that this has come about as the weakness of the pound against the euro has made holidaying within the euro zone more expensive and Turkey offers very favorable exchange rates with the UK.
Ahmet Barut, head of the Turkish Hoteliers Federation, Speaking to TurkishPress.com, said that Turkey is now being widely seen as a good-value alternative to traditional European markets. According to the Turkish Hoteliers Federation, there has been a 17 per cent increase in the number of British visitors to the country this year and travel experts have said they expect this pattern to continue in 2009. The tourism growth makes buying a property in a popular holiday region a profitable venture for overseas investors.
The cost of property is still relatively low and bargains can still be found despite price hikes of up to 40 per cent in some areas of Turkey.
According to the Telegraph, Turkey is a highly affordable location which is also very easy to reach. Spokesman of the Association of British Travel Agents (Abta) said: "With the position of the currencies unlikely to get much better we expect people will continue 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."
In related news, the Post Office described Turkey as one of the "best value" short-haul destinations in Europe.
Social BookmarkingThe Turkish tourism officials have credited current exchange rates across Europe are helping to boost the sector. Travel agent Dawson and Sanderson claimed that this has come about as the weakness of the pound against the euro has made holidaying within the euro zone more expensive and Turkey offers very favorable exchange rates with the UK.
Ahmet Barut, head of the Turkish Hoteliers Federation, Speaking to TurkishPress.com, said that Turkey is now being widely seen as a good-value alternative to traditional European markets. According to the Turkish Hoteliers Federation, there has been a 17 per cent increase in the number of British visitors to the country this year and travel experts have said they expect this pattern to continue in 2009. The tourism growth makes buying a property in a popular holiday region a profitable venture for overseas investors.
The cost of property is still relatively low and bargains can still be found despite price hikes of up to 40 per cent in some areas of Turkey.
According to the Telegraph, Turkey is a highly affordable location which is also very easy to reach. Spokesman of the Association of British Travel Agents (Abta) said: "With the position of the currencies unlikely to get much better we expect people will continue 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."
In related news, the Post Office described Turkey as one of the "best value" short-haul destinations in Europe.
Labels: Tourism, Turkish-property
Help for expats in Turkey makes migration easy
Tuesday, January 20, 2009
Turkey is considered as "the only logical choice" for those wishing to move abroad, according to a media outlet which says that the country now offers expat helpdesks for smooth migration.
According to Voices, Turkish professionals in Didim have launched one of the first Citizens Advice Bureau-style helpdesks in Turkey for Brits looking for migration. The 27-year old Fulya Onder is the person behind this idea who spent 10 years working in Shropshire and included two years working at the Telford branch of the Citizens' Advice Bureau.
The publication added that the expat helpdesk services include help regarding issues affecting all aspects of living in Turkey including property purchase, legal aspects, getting the necessary visas, schools, hospitals and other bodies. The association will also indulge in promotional activities and raise awareness of British peoples; problems in Didim within Government departments and draw attention to the Press and other media.
Meanwhile, ShelterOffshore.com has advices Brits to seek professional advice before buying to ensure their moves go smoothly. The website adviced the purchasers to pay out and seek independent advice instead of using their agent or developer's lawyers, even though financial incentives may be offered.
Julian Walker, managing director at Turkish property specialist Spot Blue has said that Turkey is the number one choice for those who want to live a fantastic quality of affordable life in an accessible, stable and rapidly advancing nation.
Social BookmarkingAccording to Voices, Turkish professionals in Didim have launched one of the first Citizens Advice Bureau-style helpdesks in Turkey for Brits looking for migration. The 27-year old Fulya Onder is the person behind this idea who spent 10 years working in Shropshire and included two years working at the Telford branch of the Citizens' Advice Bureau.
The publication added that the expat helpdesk services include help regarding issues affecting all aspects of living in Turkey including property purchase, legal aspects, getting the necessary visas, schools, hospitals and other bodies. The association will also indulge in promotional activities and raise awareness of British peoples; problems in Didim within Government departments and draw attention to the Press and other media.
Meanwhile, ShelterOffshore.com has advices Brits to seek professional advice before buying to ensure their moves go smoothly. The website adviced the purchasers to pay out and seek independent advice instead of using their agent or developer's lawyers, even though financial incentives may be offered.
Julian Walker, managing director at Turkish property specialist Spot Blue has said that Turkey is the number one choice for those who want to live a fantastic quality of affordable life in an accessible, stable and rapidly advancing nation.
Labels: Didim, Life-style, Turkish-property
Brits opt for Turkey than Spain
Sunday, January 18, 2009
Turkey has now toppled Spain as the most popular destination for British holidaymakers, a survey has revealed.
According to the research from the Co-Operative Travel, Turkey is closing the gap with Spain regarding holiday stakes.
Turkey has seen bookings rise by eight per cent in the last 12 months. The research revealed that Dalaman now holds the number one spot, with Majorca second, Crete third and Bodrum in fourth place. It is the first time since the birth of the package holiday that Spain has failed to top the tables.
Trevor Davies, Head of retail at Co-operative Travel said that as prices have increased in Spain, Turkey has become popular in recent years as holidaymakers believe it offers better value for money.
Investors thinking of purchasing a rental property in Turkey may be able to look forward to healthy yields as research by Travelsupermarket.com found that 1.8 million Brits are planning to travel abroad in 2009, compared to 1.5 million in 2008. With its year round good climate, beautiful beaches and increasing interest from European travelers looking to make the most of their currency, homeowners leasing out their houses can look forward to substantial returns.
Meanwhile, Liam Bailey, global markets expert at Property Wire, commented: "booming tourism means that eight per cent average rental returns can easily be exceeded on good units in the most popular areas in Turkey."
Social BookmarkingAccording to the research from the Co-Operative Travel, Turkey is closing the gap with Spain regarding holiday stakes.
Turkey has seen bookings rise by eight per cent in the last 12 months. The research revealed that Dalaman now holds the number one spot, with Majorca second, Crete third and Bodrum in fourth place. It is the first time since the birth of the package holiday that Spain has failed to top the tables.
Trevor Davies, Head of retail at Co-operative Travel said that as prices have increased in Spain, Turkey has become popular in recent years as holidaymakers believe it offers better value for money.
Investors thinking of purchasing a rental property in Turkey may be able to look forward to healthy yields as research by Travelsupermarket.com found that 1.8 million Brits are planning to travel abroad in 2009, compared to 1.5 million in 2008. With its year round good climate, beautiful beaches and increasing interest from European travelers looking to make the most of their currency, homeowners leasing out their houses can look forward to substantial returns.
Meanwhile, Liam Bailey, global markets expert at Property Wire, commented: "booming tourism means that eight per cent average rental returns can easily be exceeded on good units in the most popular areas in Turkey."
Labels: British, Tourism, Turkish-property
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 will withstand market turmoil
Thursday, October 9, 2008
Turkey's prime minister has insisted that the country's economy is strong enough to withstand the current global economic turmoil.
Recep Tayyip Erdogan stated that the European nation has developed a highly robust and resilient economy in recent years, which means it should not be negatively affected by economic problems and can weather the storm as it is supported by strong economic fundamentals, reports the Turkish Daily News.
The markets were plunged into pandemonium when US investment bank Lehman Brothers collapsed. But Turkey is an attractive option for overseas property buyers as financial authorities in Turkey have recently reassured in its ability to withstand the current turmoil on the markets. The various fundamentals which support the market would make certain that the underlying value of property in the region will not go down. According to Aston Lloyd, Turkey offers very competitive house prices. However, in the last four years, house prices in Turkey are going up at a rate of about seven per cent per annum.
Mr Erdogan commented: "There is no systemic risk as a result of the fallout in international money markets as Turkey has enforced the macroeconomic infrastructure of its economy." Shelter Offshore reiterated prime minister’s views and said that the Turkish housing market is currently "buzzing" as a result of its favourable investment climate.
This comes after the predictions from Moneycorp that Turkey will attract a high level of interest from investors in places such as the UK, regardless of ongoing economic problems.
Social BookmarkingRecep Tayyip Erdogan stated that the European nation has developed a highly robust and resilient economy in recent years, which means it should not be negatively affected by economic problems and can weather the storm as it is supported by strong economic fundamentals, reports the Turkish Daily News.
The markets were plunged into pandemonium when US investment bank Lehman Brothers collapsed. But Turkey is an attractive option for overseas property buyers as financial authorities in Turkey have recently reassured in its ability to withstand the current turmoil on the markets. The various fundamentals which support the market would make certain that the underlying value of property in the region will not go down. According to Aston Lloyd, Turkey offers very competitive house prices. However, in the last four years, house prices in Turkey are going up at a rate of about seven per cent per annum.
Mr Erdogan commented: "There is no systemic risk as a result of the fallout in international money markets as Turkey has enforced the macroeconomic infrastructure of its economy." Shelter Offshore reiterated prime minister’s views and said that the Turkish housing market is currently "buzzing" as a result of its favourable investment climate.
This comes after the predictions from Moneycorp that Turkey will attract a high level of interest from investors in places such as the UK, regardless of ongoing economic problems.
Labels: Latest-news, Turkish-property
Turkish housing market has best moment in 25 years
Monday, September 15, 2008
The Turkish housing market is currently stronger than it has been for 25 years as new figures revealed that over $10 billion (£5.45 billion) has been invested in the country's housing market from overseas.
Market commentators tipped that Turkey has the potential to be one of the most profitable markets for investment during 2008, despite the predicted global credit crunch. Moneycorp has revealed that Turkey is continuing to attract massive levels of interest from investors in places such as the UK. The foreign investment in Turkey has continue to soar which shows that it has achieved the international trust and is set to see an huge influx of overseas investment in the future.
International Herald Tribune has reported that the recent changes to laws of purchase of property in Turkey by foreign buyers have been welcomed by experts in the sector. Government has lifted the ban for overseas investors from acquiring real estate in the country. Liam Bailey, global markets expert at Property Wire has said that the inheritance tax in the country is also relatively low, ranging from one per cent to ten per cent.
Turkey is an emerging market which offers very competitive house prices and it is fairly easy to pick up a home in the country for less than £50,000. However, house prices in Turkey are going up at a rate of about seven per cent per annum which means investors who buy early could benefit from capital appreciation.
Social BookmarkingMarket commentators tipped that Turkey has the potential to be one of the most profitable markets for investment during 2008, despite the predicted global credit crunch. Moneycorp has revealed that Turkey is continuing to attract massive levels of interest from investors in places such as the UK. The foreign investment in Turkey has continue to soar which shows that it has achieved the international trust and is set to see an huge influx of overseas investment in the future.
International Herald Tribune has reported that the recent changes to laws of purchase of property in Turkey by foreign buyers have been welcomed by experts in the sector. Government has lifted the ban for overseas investors from acquiring real estate in the country. Liam Bailey, global markets expert at Property Wire has said that the inheritance tax in the country is also relatively low, ranging from one per cent to ten per cent.
Turkey is an emerging market which offers very competitive house prices and it is fairly easy to pick up a home in the country for less than £50,000. However, house prices in Turkey are going up at a rate of about seven per cent per annum which means investors who buy early could benefit from capital appreciation.
Labels: Investment-property, Market-Trends, Turkish-property
Turkey plans promotional campaigns overseas
Sunday, August 17, 2008
Tourism authorities from Turkey have outlined their intention to raise the profile of the country overseas and are now in Beijing to launch a major promotional campaign, according to local media.
The Turkish Daily News has reported that nearly £730,000 will be spent on marketing the country to an international audience throughout the Olympic Games. Billboards and posters for Turkish towns and cities will be placed in various places across Beijing, including shopping centers and other public spaces. Besides, promotional films will be shown on shuttle buses between the city centre and Beijing Airport.
Commercials and Ads of Turkish towns, beaches and golf courses will also be displayed in public transports, petrol stations, hotels and lifts in order to attract more visitors. The government-funded promotional campaign should make places like Antalya, Izmir and v as attractive locations for holiday home buyers who want to enjoy leisure pursuits while overseas and this campaign will be carried out until the end of September. The main focus will be on highlighting Turkey’s natural and cultural diversity and this would help it to illustrate the modern lifestyle of Turkey.
The Turkish Daily News also reported that about £71 million will be invested on marketing the country in places such as the UK, the US and Spain. Consumers in South America, Australia and South Africa will also be targeted by the drive, which will spotlight different parts of the country. The government wants to project Turkey as a year-round holiday destination.
This could also stimulate growth in Turkey's housing market, a development which would possibly attract the attention of foreign property investors.
Social BookmarkingThe Turkish Daily News has reported that nearly £730,000 will be spent on marketing the country to an international audience throughout the Olympic Games. Billboards and posters for Turkish towns and cities will be placed in various places across Beijing, including shopping centers and other public spaces. Besides, promotional films will be shown on shuttle buses between the city centre and Beijing Airport.
Commercials and Ads of Turkish towns, beaches and golf courses will also be displayed in public transports, petrol stations, hotels and lifts in order to attract more visitors. The government-funded promotional campaign should make places like Antalya, Izmir and v as attractive locations for holiday home buyers who want to enjoy leisure pursuits while overseas and this campaign will be carried out until the end of September. The main focus will be on highlighting Turkey’s natural and cultural diversity and this would help it to illustrate the modern lifestyle of Turkey.
The Turkish Daily News also reported that about £71 million will be invested on marketing the country in places such as the UK, the US and Spain. Consumers in South America, Australia and South Africa will also be targeted by the drive, which will spotlight different parts of the country. The government wants to project Turkey as a year-round holiday destination.
This could also stimulate growth in Turkey's housing market, a development which would possibly attract the attention of foreign property investors.
Labels: Overseas-property, Turkish-property
Turkish International Relations boosts property market
Saturday, August 9, 2008
Turkey is found positively aligning more and more with Africa and also strengthening its international ties by developing relations with Europe, according to reports.
The positive factor driving the appeal of investment property in Turkey is the development of Turkish international relations. The Turkish officials are certainly continuing to align policies and plans with those acceptable to the EU and also last year Turkey cemented political and economic friendship ties with Asia and Africa.
The government has committed to a series of infrastructure improvement and expansion plans to open up the market to more overseas investors and there is infinite potential for growth and profit in the travel and tourism industry in Turkey. Foreign direct investment in Turkey is rapidly increasing and in 2006 alone almost USD 16 billion was invested in Turkey in the form of FDI.
According to the Independent, the country's emergence on the worldwide stage in recent years and already it has good export levels in place with Europe. This combined with its unique geographical position between Europe and the Middle East countries and its cultural and religious understanding with many Asian and Arabic nations makes it is strategically well placed for acting as a bridge between eastern and western understanding.
Independent analysts Amberlamb has stated that Turkey is set to become one of the most important nations in the world in the future as it manages to bring together in harmony different cultures, beliefs, religions and ethnicity which the overseas investors should not ignore.
Social BookmarkingThe positive factor driving the appeal of investment property in Turkey is the development of Turkish international relations. The Turkish officials are certainly continuing to align policies and plans with those acceptable to the EU and also last year Turkey cemented political and economic friendship ties with Asia and Africa.
The government has committed to a series of infrastructure improvement and expansion plans to open up the market to more overseas investors and there is infinite potential for growth and profit in the travel and tourism industry in Turkey. Foreign direct investment in Turkey is rapidly increasing and in 2006 alone almost USD 16 billion was invested in Turkey in the form of FDI.
According to the Independent, the country's emergence on the worldwide stage in recent years and already it has good export levels in place with Europe. This combined with its unique geographical position between Europe and the Middle East countries and its cultural and religious understanding with many Asian and Arabic nations makes it is strategically well placed for acting as a bridge between eastern and western understanding.
Independent analysts Amberlamb has stated that Turkey is set to become one of the most important nations in the world in the future as it manages to bring together in harmony different cultures, beliefs, religions and ethnicity which the overseas investors should not ignore.
Labels: Market-Trends, Turkish-property
First-time buyers turn towards towering Turkey
Sunday, August 3, 2008
First time visitors and First-time buyers are starting to turn towards Turkey, their confidence boosted by wide variety of attractions and affordable property prices, research shows.
National Savings and Investment found that 25 per cent of the British people would consider buying abroad where property is cheaper in order to get their foot on the property ladder back in the UK. James Caldwell, director at Fairinvestment.co.uk has stated that investors find cheaper property prices and a lower cost of living in sunnier climets which could make buying their first home more affordable while they continue a high quality of life.
Ahmet Barut, head of the Turkish Hoteliers Federation, believes that Turkey will attract a substantial number of first time tourists this summer. He also added that the weakness of the pound against the euro has made holidaying within the eurozone more expensive. Turkey has attracted more than 23 million holidaymakers last year and upto ten per cent rise is expected in the number of tourists visiting Turkey this year.
TurkishPress.com has reported that Turkey is now being widely regarded as a good-value alternative to traditional European markets. The better quality of life, lower cost of living and the relative affordability of residential property are proving a draw to first-time buyers.
The house prices on the Turkish Riviera are on the rise and would eventually match those in comparable European tourist hotspots such as Greece, Spain and Italy. Property investors who choose to buy a holiday home on the Turkish Riviera could also be making a profitable long-term investment as properties in the coastal resorts starts from £35,000 with realistic capital growth along with a rental yield opportunity.
Social BookmarkingNational Savings and Investment found that 25 per cent of the British people would consider buying abroad where property is cheaper in order to get their foot on the property ladder back in the UK. James Caldwell, director at Fairinvestment.co.uk has stated that investors find cheaper property prices and a lower cost of living in sunnier climets which could make buying their first home more affordable while they continue a high quality of life.
Ahmet Barut, head of the Turkish Hoteliers Federation, believes that Turkey will attract a substantial number of first time tourists this summer. He also added that the weakness of the pound against the euro has made holidaying within the eurozone more expensive. Turkey has attracted more than 23 million holidaymakers last year and upto ten per cent rise is expected in the number of tourists visiting Turkey this year.
TurkishPress.com has reported that Turkey is now being widely regarded as a good-value alternative to traditional European markets. The better quality of life, lower cost of living and the relative affordability of residential property are proving a draw to first-time buyers.
The house prices on the Turkish Riviera are on the rise and would eventually match those in comparable European tourist hotspots such as Greece, Spain and Italy. Property investors who choose to buy a holiday home on the Turkish Riviera could also be making a profitable long-term investment as properties in the coastal resorts starts from £35,000 with realistic capital growth along with a rental yield opportunity.
Labels: Travel, Turkish-property
Turkey: Conditions are right to buy
Monday, July 21, 2008
Overseas property investors thinking of investing in property in Turkey may find it an even more appealing option after the recent research by NatWest International Personal Banking (IPB) has revealed that Turkey will experience huge property demand over the next three years due to cheaper property prices.
According to The NatWest International Personal Banking League of Buying Abroad, the Conditions are right for the value of housing in Turkey to rise during the next few years. The survey revealed the top countries and Turkey is second in the list.
1. Bulgaria - 75%
2. Turkey - 56%
3. France - 46%
Mike Freer, Head of Business Development for NatWest IPB has stated that the research has given a real insight to what brokers feel will be the most successful property markets in the future. Property experts believe that the country's dynamics are strong and that the growth rate is steady despite other nations struggling to cope with the global financial problems.
Turkish Statistics Institute has revealed that during the first quarter of 2008, the country's GDP is 6.6 per cent up on the same point of 2007. Reuters predicted that Turkey's GDP would ascend by 5.2 per cent every year.
The figures are likely to attract foreign investors who are considering buying property in Turkey, as a strong economy could help boost their investment prospects.
Social BookmarkingAccording to The NatWest International Personal Banking League of Buying Abroad, the Conditions are right for the value of housing in Turkey to rise during the next few years. The survey revealed the top countries and Turkey is second in the list.
1. Bulgaria - 75%
2. Turkey - 56%
3. France - 46%
Mike Freer, Head of Business Development for NatWest IPB has stated that the research has given a real insight to what brokers feel will be the most successful property markets in the future. Property experts believe that the country's dynamics are strong and that the growth rate is steady despite other nations struggling to cope with the global financial problems.
Turkish Statistics Institute has revealed that during the first quarter of 2008, the country's GDP is 6.6 per cent up on the same point of 2007. Reuters predicted that Turkey's GDP would ascend by 5.2 per cent every year.
The figures are likely to attract foreign investors who are considering buying property in Turkey, as a strong economy could help boost their investment prospects.
Labels: Investment-property, Turkish-property
Surge in demand for Studio flats in Turkey
Sunday, July 6, 2008
Investors are increasingly deciding that studio flats will offer the best available returns and they are in high demand in Turkey.
Turkish Daily News has reported that developers are even changing construction plans as the demand is related to the fact that studio flats are considered as popular letting opportunities. Another reasons suggested for rise in demand for studio flats are low deposits and resale can be done quite easily as a result of low selling prices.
Dorcas Pye, a property advisor at the Turkish Property Centre, has predicted a prosperous future for the buy-to-let market in Turkey while the country is long been a favourite choice for both holidays and real estate investment. Figures from the Turkish Land Registry General Directorate suggest that construction of studio flats has been increased. The Turkish daily news further added that nearly 80 per cent of new developments are made up of studio flats.
The Telegraph has reported that Turkey could be a good market to consider because it is highly popular among international holidaymakers and has high capital growth which means buy-to-let in Turkey is worth considering.
Social BookmarkingTurkish Daily News has reported that developers are even changing construction plans as the demand is related to the fact that studio flats are considered as popular letting opportunities. Another reasons suggested for rise in demand for studio flats are low deposits and resale can be done quite easily as a result of low selling prices.
Dorcas Pye, a property advisor at the Turkish Property Centre, has predicted a prosperous future for the buy-to-let market in Turkey while the country is long been a favourite choice for both holidays and real estate investment. Figures from the Turkish Land Registry General Directorate suggest that construction of studio flats has been increased. The Turkish daily news further added that nearly 80 per cent of new developments are made up of studio flats.
The Telegraph has reported that Turkey could be a good market to consider because it is highly popular among international holidaymakers and has high capital growth which means buy-to-let in Turkey is worth considering.
Labels: Market-Trends, Turkish-property
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
German bank Europhypo highlights Turkey property market
Monday, May 26, 2008
German investment bank Europhypo has highlighted Turkey as a possible option for investors who are seeking to collect good returns. The bank has said that the earning potential from Turkish real estate is at around 6 times the rate it would achieve in Spain in the same period.
The bank has started financing real estate in Turkey last year but has already amassed £376 million in earnings. Hartwig Glatzki of Eurohypo has said that they had a detailed study before entering the Turkish market. In only one year of operations in Turkey the volume of revenues obtained is comparable to a six year period in Spain.
The Turkish Daily News has reported that the bank anticipates strong returns on the market and it is predicting to accumulate £2 billion in the next five years. Mr Glatzki also stated that the south-east European country could potentially experience a property boom in the near future and property experts feel that Turkey could be a "very interesting market" to watch over for the next few years.
Recently ‘The Independent’ has reported that Turkey is becoming popular because its housing markets are growing at a considerable pace. The house prices went up by 20 per cent in 2007, while its property values are rather cheap when compared with the UK.
Social BookmarkingThe bank has started financing real estate in Turkey last year but has already amassed £376 million in earnings. Hartwig Glatzki of Eurohypo has said that they had a detailed study before entering the Turkish market. In only one year of operations in Turkey the volume of revenues obtained is comparable to a six year period in Spain.
The Turkish Daily News has reported that the bank anticipates strong returns on the market and it is predicting to accumulate £2 billion in the next five years. Mr Glatzki also stated that the south-east European country could potentially experience a property boom in the near future and property experts feel that Turkey could be a "very interesting market" to watch over for the next few years.
Recently ‘The Independent’ has reported that Turkey is becoming popular because its housing markets are growing at a considerable pace. The house prices went up by 20 per cent in 2007, while its property values are rather cheap when compared with the UK.
Labels: Market-Trends, Turkish-property
Turkey's possible inclusion in EBRD excite property investors
Thursday, May 22, 2008
AFP has recently reported that European Bank for Reconstruction and Development (EBRD) governors will decide Turkey's inclusion in the bank's line-up of investment countries in October. Turkey's official application was accepted "in principle," yet the ultimate approval process will take place 3 months later. The possibility of including Turkey in EBRDs line-up of investment countries would mark a most significant change.
The Bank, within the outline of strategy for priority to Turkey, will invite overseas investors to invest in banking, Real estate, tourism etc. Turkey is expected to attract high level of private sector investment in the future. David McCormick, U.S. Treasury under-secretary for international affairs, told on Sunday in a meeting of EBRD that Turkey's application would be reviewed thoroughly in the coming months.
Recently Turkey was recommended by ShelterOffshore.com, which said it offers far more affordable property values than the UK. EBRD announced that it is expected to give top priority to investments in Turkey and is likely to declare Turkey as the main target of its enlargement strategy. Overseas property investors could be in line to benefit from the news about Turkey’s possible inclusion in EBRD.
Property experts say Turkey could be a very interesting market to watch over the next few years and are advised to pay close attention to Turkey.
Social BookmarkingThe Bank, within the outline of strategy for priority to Turkey, will invite overseas investors to invest in banking, Real estate, tourism etc. Turkey is expected to attract high level of private sector investment in the future. David McCormick, U.S. Treasury under-secretary for international affairs, told on Sunday in a meeting of EBRD that Turkey's application would be reviewed thoroughly in the coming months.
Recently Turkey was recommended by ShelterOffshore.com, which said it offers far more affordable property values than the UK. EBRD announced that it is expected to give top priority to investments in Turkey and is likely to declare Turkey as the main target of its enlargement strategy. Overseas property investors could be in line to benefit from the news about Turkey’s possible inclusion in EBRD.
Property experts say Turkey could be a very interesting market to watch over the next few years and are advised to pay close attention to Turkey.
Labels: Latest-news, Turkish-property
Turkish Real Estate Summit focuses on investment opportunities
Sunday, May 18, 2008
The Turkish daily news has reported that the GYODER Turkish Real Estate Summit will take place in Istanbul's Swiss hotel, bringing representatives of the sector in Turkey and international real estate investors together. GYODER was created in 1999 by the representatives of existing and new Real Estate Investment Companies (REICs). The summit will spotlight on the investment opportunities in Turkey during the 7 sessions and in 2 days of the summit. A wide range of international speakers and top personnel from the Turkish Real Estate Industry, several representatives from Government and the Public Sector will also speak at the Summit.
The summit is supported by International organizations such as the National Association of Real Estate Investment Trust, the Urban Land Institute, the European Public Real Estate Association (EPRA) and the Housing Development Administration of Turkey (TOKİ).
Dr Sinan Özkan, chairman of the World Architectural Association, said the desire for new buildings in Turkey should go compatible with modern solutions. In the summits held earlier urban land development, residential investments, foreign capital in Turkey, commercial real estate and good quality constructions are discussed by local and foreign attendees. This is an initiative to find out realistic answers to the main problems in the Turkish real estate market. Nurhan Azizoğlu, vice chairman of GYODER has said that Turkey is a good nation for the property investors to consider. Turkey is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.
Meanwhile, Overseas Investors who are looking to buy a property at a realistic price have been pointed towards Turkey. Turkey is getting popular because of its attractions, including its good-quality infrastructure, amenities and year round good climate. These factors, combined with its comparatively low cost of living, are said to make it perfect for overseas buyers.
Social Bookmarking
The summit is supported by International organizations such as the National Association of Real Estate Investment Trust, the Urban Land Institute, the European Public Real Estate Association (EPRA) and the Housing Development Administration of Turkey (TOKİ).
Dr Sinan Özkan, chairman of the World Architectural Association, said the desire for new buildings in Turkey should go compatible with modern solutions. In the summits held earlier urban land development, residential investments, foreign capital in Turkey, commercial real estate and good quality constructions are discussed by local and foreign attendees. This is an initiative to find out realistic answers to the main problems in the Turkish real estate market. Nurhan Azizoğlu, vice chairman of GYODER has said that Turkey is a good nation for the property investors to consider. Turkey is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.
Meanwhile, Overseas Investors who are looking to buy a property at a realistic price have been pointed towards Turkey. Turkey is getting popular because of its attractions, including its good-quality infrastructure, amenities and year round good climate. These factors, combined with its comparatively low cost of living, are said to make it perfect for overseas buyers.
Labels: Exhibition, Turkish-property
Franklin Templeton aims to expand in Turkey
Friday, May 16, 2008
Annual meeting of the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) in Istanbul was attended by nearly 400 real estate investment professionals.
Turkey offers notable future potential for real estate investment is further asserted by the news that Franklin Templeton Real Estate Advisors is looking for funds to operate in Turkey. At present, Franklin Templeton has invested in one private real estate fund in Turkey and has two business partners locally in Turkey. Franklin Templeton's real estate assets in Turkey include a retail unit and residential properties.
Franklin Templeton Real Estate Advisors plan to invest in Turkey was announced at the yearly conference of the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) in Istanbul. The annual conference was graced with the presence of 400 real estate professionals. Raymond J. Jacobs, managing director of Franklin Templeton Real Estate Advisers has said that Turkey is a good nation for the investors to consider since it is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.
Hakan Kodal, president and chief executive officer of Krea Real Estate Development and Investment in Istanbul, said at the conference that the total housing demand is projected to be around 6.9 million units over 10 years. He also said that this is the ideal time to take a medium to long-term position in investing in Turkish real estate.
Social BookmarkingTurkey offers notable future potential for real estate investment is further asserted by the news that Franklin Templeton Real Estate Advisors is looking for funds to operate in Turkey. At present, Franklin Templeton has invested in one private real estate fund in Turkey and has two business partners locally in Turkey. Franklin Templeton's real estate assets in Turkey include a retail unit and residential properties.
Franklin Templeton Real Estate Advisors plan to invest in Turkey was announced at the yearly conference of the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) in Istanbul. The annual conference was graced with the presence of 400 real estate professionals. Raymond J. Jacobs, managing director of Franklin Templeton Real Estate Advisers has said that Turkey is a good nation for the investors to consider since it is an emerging market, house prices are raising at a substantial rate, therefore creating strong capital growth potential.
Hakan Kodal, president and chief executive officer of Krea Real Estate Development and Investment in Istanbul, said at the conference that the total housing demand is projected to be around 6.9 million units over 10 years. He also said that this is the ideal time to take a medium to long-term position in investing in Turkish real estate.
Labels: Investment-property, Latest-news, Turkish-property
Swedish retirees increased migration traffic to turkey
Friday, April 18, 2008
Allan Williams from London Metropolitan University has said that Turkey is on the threshold of becoming a major hotspot for retirees who want to live abroad. Expatriates always long for a place which offers culture, good lifestyle and a favourable climate. He also predicted that Antalya will be the main hotspot for older expatriates within the next couple of years.
Recently a poll carried out by Dokuz Eylul University (DEU) of expatriates living in Antalya to check what made them to live there full-time revealed that they are most attracted by the warm climate of the country.
Christer Asp, the Swedish ambassador in Ankara has said that a rising number of people from Sweden desire to have property in Turkey. Retirees from the Scandinavian country are choosing to spend their retirement years overseas and recent migration traffic to Turkey shows its popularity among Swedes who were hoping to relocate permanently.
Mr. Asp commented that Swedish retirees used to relocate in Spain earlier and now the trend is changing as more people are now choosing Turkey. He predicted that about 400,000 Swedes would visit Turkey before next summer and there will be busy relocation traffic of the retirees to turkey in 2008.
Recently the Turkish Press reports have highlighted the popularity of Turkish property with Russian holidaymakers. According to Russia today, more than two million Russian holidaymakers visited Turkey last year.
Social BookmarkingRecently a poll carried out by Dokuz Eylul University (DEU) of expatriates living in Antalya to check what made them to live there full-time revealed that they are most attracted by the warm climate of the country.
Christer Asp, the Swedish ambassador in Ankara has said that a rising number of people from Sweden desire to have property in Turkey. Retirees from the Scandinavian country are choosing to spend their retirement years overseas and recent migration traffic to Turkey shows its popularity among Swedes who were hoping to relocate permanently.
Mr. Asp commented that Swedish retirees used to relocate in Spain earlier and now the trend is changing as more people are now choosing Turkey. He predicted that about 400,000 Swedes would visit Turkey before next summer and there will be busy relocation traffic of the retirees to turkey in 2008.
Recently the Turkish Press reports have highlighted the popularity of Turkish property with Russian holidaymakers. According to Russia today, more than two million Russian holidaymakers visited Turkey last year.
Labels: Antalya, Turkish-property
Golf tourism boosts property investment in turkey
Monday, April 14, 2008
Overseas investor who wants to buy property in Turkey has different needs and requirements, and Turkey fulfills their requirements and ensures excellent investment potential. Now golf properties are gaining momentum in turkey due to large influx of golf fans and investment in golf properties.
NuBricks.com states that an 18-hole course is being built in Bodrum as part of a complex which includes hotel and about 4,000 villas. The website believes that the development which features shopping facilities and all other amenities will not only attract golfers but also new investors.
NuBricks.com revealed that Turkey golf tourism has extended its appeal beyond the golfers and the increase in the number of tourists visiting turkey made this as an investment zone with very high potentials for holiday makers and investors alike.
The website added that investment interest in the Bodrum is likely to shoot up as the new infrastructure facilities will boost the appeal of Bodrum. The rental market is already booming with increase in number of tourists. The anticipated increase in prices has created the potential for investors to enjoy a high capital growth
John Howell of the International Law Partnership admired Turkey for proving its credibility as excellent atmosphere for second home buyers.
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NuBricks.com states that an 18-hole course is being built in Bodrum as part of a complex which includes hotel and about 4,000 villas. The website believes that the development which features shopping facilities and all other amenities will not only attract golfers but also new investors.
NuBricks.com revealed that Turkey golf tourism has extended its appeal beyond the golfers and the increase in the number of tourists visiting turkey made this as an investment zone with very high potentials for holiday makers and investors alike.
The website added that investment interest in the Bodrum is likely to shoot up as the new infrastructure facilities will boost the appeal of Bodrum. The rental market is already booming with increase in number of tourists. The anticipated increase in prices has created the potential for investors to enjoy a high capital growth
John Howell of the International Law Partnership admired Turkey for proving its credibility as excellent atmosphere for second home buyers.
Labels: Golf-property, Turkish-property
Rewards and risks of buying property in Turkey
Friday, March 28, 2008
British tourists and investors are tempted by the turquoise coastline, water sports, water skiing and scuba diving that is on offer in many of Turkey's coastal towns. Many people who visit Turkey are impressed by the Mediterranean climate, hospitality and great value of the country that they turn from tourists to property investors.
According to the statistics, even though the prices have gone up to 15 to 20 percent in the last year, prices are still cheap when compared to British standards. Turkey is becoming exciting destination for property buyers and already 17,000 British have property in Turkey. Julian Walker, managing director at Spot Blue has said that one-bedroom flats can go for £25,000, two-beds for £50,000 and villas for £90,000. According to the reports by Conti Financial Services revealed that enquiries about Turkey has increased to a whopping 147 percent when compared to other European countries like Spain, by contrast, enquiries fell by more than 28 per cent.
According to the law on 'property purchase by foreigners in Turkey', foreign nationals are able to acquire real estate in Turkey on the conditions of being reciprocal and complying with the laws. Both Turkish citizens and foreign owners have equal property-ownership rights. The mortgage law available over long periods to house buyers and is expected to transform both the housing market and the Turkey's urban environment. Annual Real Estate Tax (a tax similar to the Council tax in the UK) rates for building land, non-residence-purpose buildings and residential buildings are 0.3%, 0.2%, and 0.1%, respectively. Foreign buyers will have to pay 25 per cent deposit and mortgages are available over 15 years.
Turkish economy is positively moving forward and leads the way in emerging markets and well ahead of popular tourist destinations like Cape Verde, South Africa, Thailand and Egypt. More overseas investors arrive much more conveniently in turkey due to the low cost flights and this of course makes buying property in Turkey more accessible. The development of the property rental market in Turkey is moving in the right directions as Turkey’s tourism figures continue to soar. The rental market can provide a good return on investment for property investors in Turkey with the expected arrival of further low-cost flights to Turkey.
Linda Travella, spokeswoman for the National Association of Estate Agents International has said that buying property in emerging countries requires more research and local knowledge. The process would be different when compared to UK system.
Social BookmarkingAccording to the statistics, even though the prices have gone up to 15 to 20 percent in the last year, prices are still cheap when compared to British standards. Turkey is becoming exciting destination for property buyers and already 17,000 British have property in Turkey. Julian Walker, managing director at Spot Blue has said that one-bedroom flats can go for £25,000, two-beds for £50,000 and villas for £90,000. According to the reports by Conti Financial Services revealed that enquiries about Turkey has increased to a whopping 147 percent when compared to other European countries like Spain, by contrast, enquiries fell by more than 28 per cent.
According to the law on 'property purchase by foreigners in Turkey', foreign nationals are able to acquire real estate in Turkey on the conditions of being reciprocal and complying with the laws. Both Turkish citizens and foreign owners have equal property-ownership rights. The mortgage law available over long periods to house buyers and is expected to transform both the housing market and the Turkey's urban environment. Annual Real Estate Tax (a tax similar to the Council tax in the UK) rates for building land, non-residence-purpose buildings and residential buildings are 0.3%, 0.2%, and 0.1%, respectively. Foreign buyers will have to pay 25 per cent deposit and mortgages are available over 15 years.
Turkish economy is positively moving forward and leads the way in emerging markets and well ahead of popular tourist destinations like Cape Verde, South Africa, Thailand and Egypt. More overseas investors arrive much more conveniently in turkey due to the low cost flights and this of course makes buying property in Turkey more accessible. The development of the property rental market in Turkey is moving in the right directions as Turkey’s tourism figures continue to soar. The rental market can provide a good return on investment for property investors in Turkey with the expected arrival of further low-cost flights to Turkey.
Linda Travella, spokeswoman for the National Association of Estate Agents International has said that buying property in emerging countries requires more research and local knowledge. The process would be different when compared to UK system.
Labels: British, Economy, Turkish-property
Turkey to become capital of Holiday Property Investment in 2008
Tuesday, February 26, 2008
Paul Collins, the property editor of The Buy Association has said that Turkey is set to become the capital of new Holiday Property Investment in the New Year. He further said that property market may see radical changes and in 2008 it will see the surfacing of alternative developments different from the type of customary beach villas.
British tourists and investors are tempted by the turquoise coastline, water sports, water skiing and scuba diving that is on offer in many of Turkey's coastal towns. Many people who visit Turkey are impressed by the Mediterranean climate, hospitality and great value of the country that they turn from tourists to property investors.
Mr. Collins further said that the alternative developments instead of beach villas will gain momentum next year and chances of ski properties coming up within next 2 years add value to the already booming property market.
According to the statistics revealed by homefast says that even though the prices has gone up to 15 to 20 percent in the last year, turkey is becoming exciting destination for property buyers and already 17,000 British have property in Turkey.
Social BookmarkingBritish tourists and investors are tempted by the turquoise coastline, water sports, water skiing and scuba diving that is on offer in many of Turkey's coastal towns. Many people who visit Turkey are impressed by the Mediterranean climate, hospitality and great value of the country that they turn from tourists to property investors.
Mr. Collins further said that the alternative developments instead of beach villas will gain momentum next year and chances of ski properties coming up within next 2 years add value to the already booming property market.
According to the statistics revealed by homefast says that even though the prices has gone up to 15 to 20 percent in the last year, turkey is becoming exciting destination for property buyers and already 17,000 British have property in Turkey.
Labels: Holiday-property, Turkish-property
Property in turkey is top drawer
Sunday, February 17, 2008
Experts believe that Turkey's property market has tremendous growth potential and the strength of investment climate in the country is good.
Rhiannon Williamson, director of ShelterOffshore.com said that Turkey's promising improvement as holiday destination has opened vistas to many foreigners choosing to invest in the country. Turkey has been highly sought after as a holiday destination makes property market in great demand and Turkey itself is at the threshold of a predicted property boom.
Ms Williamson further added that 25 million tourists are expected to flock around in turkey this year has added to the awesome interest in properties in Turkey.
She said that Turkish property offers mammoth potential for returns on investment and Turkish government promotes investment of foreigners. Changing policies from the government are clear indications that will greatly increase capital growth for today's property investments.
Turkey is the third most attractive overseas property investment destination for Britons looking to buy abroad, according to a study carried out by 'A Place in the Sun' magazine.
Social BookmarkingRhiannon Williamson, director of ShelterOffshore.com said that Turkey's promising improvement as holiday destination has opened vistas to many foreigners choosing to invest in the country. Turkey has been highly sought after as a holiday destination makes property market in great demand and Turkey itself is at the threshold of a predicted property boom.
Ms Williamson further added that 25 million tourists are expected to flock around in turkey this year has added to the awesome interest in properties in Turkey.
She said that Turkish property offers mammoth potential for returns on investment and Turkish government promotes investment of foreigners. Changing policies from the government are clear indications that will greatly increase capital growth for today's property investments.
Turkey is the third most attractive overseas property investment destination for Britons looking to buy abroad, according to a study carried out by 'A Place in the Sun' magazine.
Labels: Turkish-property
