Turkish property & economy news
06 February 2017
Fikirtepe urban transformation: building a new Istanbul city Fikirtepe on the city's Asian side is a notorious slum area. However, this is about to change quite dramatically as $18 billion is poured into the area to build new homes and improve local infrastructure. A government official has said Fikirtepe will become a city within a city as construction ramps up in earnest.30 January 2017
Theresa May courts Erdogan and Trump for post-Brexit trade Last week proved fruitful for Theresa May, who visited US President Donald Trump and Turkish President Recep Tayyip Erdogan in a push to sew the seeds of future trade deals which will prove necessary when Britain is no longer part of the EU. May and Erdogan signed a multi-million dollar fighter jet deal. The pair agreed it would be the first of many deals which would bolster relations between the two countries.23 January 2017
Tourism news update: what's Turkey doing to improve tourism? Turkish tourism floundered last year in the face of geopolitical instability. This year, tourism officials are working hard to address visitor numbers. We examine the latest measures taken to try and bring that number back up, including using Syrian refugees to bolster the industry, as well as diversification.09 January 2017
Reunification talks offer last chance saloon for Cyprus Cyprus and Northern Cyprus leaders are sitting down this week to try and thresh out a solution to a problem that's remained unsolved for more than four decades: the reunification of the two parts of divided Cyprus. Officials remain hopeful - but no one really knows which way they'll go.07 January 2017
Flights cancelled as temperatures plunge in Turkey An unprecedented cold snap has pushed temperatures below their average by 10 to 15 degrees, and sent snow that has seen the cancellation of 800 flights. Meanwhile, the Eurasia Tunnel has opened to great fanfare and excitement - especially by commuters who will save an estimated 52 million hours in travel time.07 January 2017
Istanbul's skyscraper revolution: the giants moving into the city The ever-growing city of Istanbul seems to be growing upwards. Construction is booming, and with it, giant buildings are appearing all over the city. Already the tallest city in Europe, Istanbul's set to become one of the tallest on the planet. Cameron Deggin explores some of his favourite Istanbul city skyscrapers.05 December 2016
Turkish currency drop: Turks rush to change dollars to lira The lira's loss in value has prompted a scramble by the Turkish public to exchange their dollar reserves into lira or gold - and inspired a wave of patriotism amongst the public, with businesses offering incentives for people with proof of currency conversion. Meanwhile, President Erdogan is assuring the public that the volatility will not affect the economy in any significant way in the long term.01 December 2016
Latest news: Turkish economy to thrive under Trump-led US Turkey's economy and trade relations with the US will improve under a US-led trump, says the head of the Turkish-American Business Association, who says he's optimistic about bilateral ties between the US and Turkey. In other Turkish news, the government is implementing measures to bring economic growth to the country - and improve tourist numbers, which fell this year amidst political uncertainty.18 October 2016
Turkish property market bounces back A 41% rise in the number of properties bought from July to August clearly shows any lingering doubt after July's coup attempt has passed. The number of property sales around the country has risen, with Istanbul retaining its top spot and Antalya coming in second place. Property Turkey director Cameron Deggin says the numbers are testament to Turkey's enduring economic success.17 October 2016
Turkey's role as an regional energy hub solidified after World Congress Turkey's geographical significance as a bridge between east and west has played a large part in the country's fortunes. Now, its pivotal position is set to turn the country into an energy hub. Turkish President Erdogan and Russian President Vladimir Putin have signed an agreement signalling the beginning of the new pipeline that will bring natural gas resources from Russia, through Turkey and to the European market. It's a chance for Turkey to transform to a world energy leader, and will have significant impacts on the country's economy.19 September 2016
Planting a seed: Banyan Tree offers investment and lifestyle in Bodrum The Banyan Tree has a global reputation for delivering discreet, high-level service in its luxury hotels. Now, the brand has partnered with a top local developer to develop a new project on the shores of Yalikavak. The Banyan Tree Residences offer incredible design and facilities a stone's throw from Bodrum's most sought-after centre. The high-calibre residences offer not only an incredible lifestyle opportunity, but a sound investment for anyone wishing to buy in at the ground level.09 September 2016
Road to success: Istanbul's Media Highway developments set to soar Istanbul's Media Highway region has become an investment hotspot as new developments draw buyers attracted by quality builds, favourable capital gains and high rental returns. The government has ploughed almost a billion dollars into the region's infrastructure and construction, improving links from Media Highway around the city and beyond. Discover why investors are turning to this central city area.
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