Middle Eastern buyers flock to Turkish real estate
Since the Turkish government lowered the minimum threshold for citizenship investment, interest in Turkish real estate has grown significantly. Particularly from Arab investors. With a similar culture and a great economy, Middle Eastern buyers see Turkish property as more than an investment - but a second home.
Istanbul''s new airport is OPEN. Here's what you should know
It's been years in the making, with billions spent. Now Istanbul's new airport is open - its first phase, anyway. Explore the ambitious megaproject that is the size of Leicester, and discover the numbers that went in to building the airport set to become the most-visited on the planet.
Turkey is vital to China's One Belt, One Road plan
China's One Belt, One Road initiative is an ambitious, multi-billion dollar plan to connect the old Silk Road route. Its position between Asia and Europe means Turkey is vital to the plan, say Chinese officials. The trade route that was once disestablished by the Portuguese and Dutch traders will breathe new life into the Anatolian region and beyond.
Lira strengthens, inflation set for downward trend
Turkey's lira has lost 45% of its value since the start of the year. However, it looks like there's a light at the end of the tunnel as relations between the US and Turkey normalise. This has prompted the lira to rally against the dollar. Investor confidence is climbing, and inflation is set to decline.
Low lira puts spotlight on Turkey's mansions
With just 600 Bosphorus mansions in existence, its little wonder they rarely come on the market. But now, with the low lira pushing foreign interest in Turkish real estate to a peak, owners of these iconic buildings are selling up. However, few are ever listed online, and if you're on the lookout for a Bosphorus yali, you have to be in the know, explains Cameron Deggin.
Despite warnings, More Americans are visiting Turkey
Tensions between the US and Turkey have helped to contribute to Turkey's current low-lira situation, and Turkey is currently listed as an advisory level 3 warning by the US State Department. But despite this, there's been a significant rise in the number of Americans visiting Turkey, taking advantage of the low lira to have affordable luxury holidays.
Now, $250,000 gets you a property AND a Turkish passport
The government has slashed the amount of required real estate spend for citizenship in Turkey, allowing more people than ever to consider getting Turkish citizenship. Property Turkey director Cameron Deggin said the move would precipitate a surge of interest in Turkey and buying Turkish property.
Property transactions must be made in lira - Erdogan
The Turkish government is working hard to boost the lira, with interest rate hikes and encouraging Turks to sell their dollars. Now, Erdogan has announced that all property transactions must be completed in the Turkish currency. Property Turkey director Cameron Deggin explains why this presents a window of opportunity for buyers.
Turkish Central Bank raises rates in shock move
Erdogan has always opposed interest rate hikes, saying they raise inflation. However, in a show of independence, the Central Bank has done just that, in a move to bolster the ailing lira. The move is expected to raise investor confidence. Erdogan continues to oppose the move, but it's thought he might have been pressured to bow to investors.
Antalya marches towards record-breaking year
Antalya's beaches and city streets thronged with visitors this summer. For locals, it was a welcome change after two fallow years where tourist numbers dwindled. The southern region has long been popular with Russian and German visitors, who make up a large share of the 14 million expected visitors arriving in the city this year.
'Time to invest in Turkey', says US investment guru
Jim Rogers has always had vision. The investor, businessman and author has had a long money-making career and is well qualified to comment on the economic factors shaping the future of the globe. Now, he's saying the US should drop its sanctions against Turkey - and invest in the country instead.
After two slow years, Turkish tourism is back on top
Tourists are back. Thronging in the streets, lounging on beaches, lining up at city malls, visitor numbers to Turkey are at peak levels. Helped along by the low, low lira, which makes goods and services cheaper than ever, and a rebound after a couple of bad years, 2018 looks to be a stellar year for Turkish tourism.