The latest statistics from the Turkish Statistical Institute (Turkstat) make good reading for anyone considering investing in property in Turkey and reinforce the prediction that the country has a bright future. While Western nations struggle with debt and a recession, Turkey’s GDP increased by 8.8% to $203-billion year-on-year in the second quarter of 2011, according [...]
New figures have shown that last month, the price of homes in Turkey increased, not only on a monthly basis, but also on a yearly one. The Reidin.com Turkey Residential Property Price Index released figures which show the country experienced a hike in property value by 5.38% year on year last month; and a rise [...]
The prices of residential properties in Turkey are slowly but steadily rising, as are the number of sales, according to latest figures. Overall sales of property in Turkey increased by nearly 1%, according to the ReidIn Turkey Property Price Index. Prices were also up in specific areas too; Adana 0.32%, Ankara 1.02%, Istanbul 1.05% and [...]
Last week Turkish publications reported stories from real estate agents in Marmaris who told of a British exodus as British property owners sold up en masse. According to the agents some Brits were selling because of financial fears in the continued stress over the European crisis and continued sluggish growth in the UK, with some [...]
Property sales to foreign nationals in Turkey have exceeded expectations, according to Turkey’s Association of Real Estate Investment Companies (GYODER). In a statement recently, GYODER chairman Işık Gökkaya said “In 2009, property sales to foreign nationals totalled $1.2 billion. Last year, sales more than doubled to $2.5 billion.” Turkish laws have now been amended so [...]
The property market in Turkey has recently been named as one of the most popular destinations for overseas investments. The Worldwide Property Group has revealed that the nation has experienced growth in recent months and a particular hotspot has been the tourism industry surrounding Istanbul. There has also been a rise in the amount of [...]
Avsallar, unknown to many British purchasers, is a small resort only 18 kilometres from the lively and boutique resort of Alanya. It is home to 2 of the best beaches in Turkey, soft gentle sand merging with the gentle shelving of Turkeys Southern Mediterranean. The resort, being the favourite of Scandinavians for the past 5 [...]
This year, the education board in Turkey is set to admit more students than ever into universities. However this has caused concerns about whether the institutions will be able to handle an extra 50,000 pupils. Head of the education trade union, Ünsal Yıldız said “Of course it is good that more and more people are [...]
We are used to hearing about Antalya the tourist destination; Antalya the coastal resort town where people buy holiday homes to rent out to tourists for additional income. But this is not the whole story of Antalya. Yes, Antalya is one of the top tourist destinations in Turkey; it offers almost everything that the holiday [...]
Turkey is going to be celebrating 2023 with a city that has two seas running through it. Plans to build a new waterway through Istanbul have been announced this week and are due to be completed by 2023, in time to celebrate the fall of the Ottoman Empire, and the centenary of the Turkish Republic. [...]