Middle Eastern investors eye Turkey
With more than 2000 properties sold to Middle Eastern buyers in the last eight months alone, it comes as no surprise that investors from the region are eyeing Turkey more and more. Due to the recent reciprocity change, buying a property in Turkey has never been easier, attracting more Middle Eastern investors and this news article looks at why.
Turkey an ‘attractive market for investment’
Turkey has reached an astonishing level of Direct Foreign Investment with recent statistics showing that the country has reached a total of $138 billion - showcasing just why Turkey is an investment hotspot for businessmen around the world. This news article shows why Turkey is such a hot market and appealing destination at the moment.
Fethiye voted best retirement spot in Mediterranean
What makes Fethiye such a property attraction for those looking for a home abroad? We take a look at a recent announcement by a lifestyle magazine which placed Fethiye top for best retirement spots along the Mediterranean, beating several other favourite spots along the way. Taking into account, living costs, property prices, weather, ease of settling in - Fethiye was found to be the clear number one.
New luxury resort development announced in Bodrum
This news article takes a look at a new luxury resort that has been announced in Bodrum and the impact that this is set to have on tourism, property prices, and more in the region. Aida Tourism has announced its first resort project in the region that will be based in Torba Bay, one of the prime areas found within Bodrum.
Antalya is first choice for foreign residents
This article showcases a recent research undertaken that shows that more than 120,000 foreigners who are living in Turkey today, choose Antalya as their number one spot, representing more than a third of the total foreigners in Turkey. Research shows that the city is most popular amongst Germans, Russians, and Brits. We take a look at what makes Antalya so popular.
Demand for Antalya property rockets
Investors are eyeing Antalya as a hotspot as the city becomes ever more important for real estate investors the world over. Enjoying a surge of popularity over the last 10 years, Antalya saw more than 12 million tourists visit the city during the last year, making the destination one of the most popular in Europe today.
Istanbul fast becoming Europe’s most popular city
Istanbul is fast becoming one of the biggest cities in the world for tourism as a recent report has shown that the city is expecting more than 10 million tourists to visit during this year. Up to 10.4 million tourists are set to move the city into sixth place in the world for top tourism destinations. This will net the city over 9 billion dollars in total revenue according to a Mastercard report.
Turkey and UN launch Istanbul hub to offer support to neighbouring countries
Istanbul is now second only to New York in diplomacy, says the Turkish foreign minister at the opening of the new Istanbul Regional Hub. Turkey, together with the United Nations, has launched the Istanbul Hub to offer assistance and support to nations in Europe and the Commonwealth of International States. With 260 diplomatic centres and its pivotal location at the gateway between the Middle East and Europe, Turkey is well placed to offer support to its neighbours near and far.
Turkish film Winter Sleep picks up top prize at Cannes
Acclaimed Turkish film Winter Sleep is the toast of the nation after scooping the prestigious Palme d’Or award at this year’s Cannes Festival, impressing both critics and judges with its Chekovian tones and breathtaking acting. The movie, coming in at just over three hours, takes into consideration and explores themes of isolation and breakdown - not an easy watch by no means, critics expressed how much they loved the direction and performances by Haluk Bilginer, Melisa Sozen and Demet Akbag. Director, Nuri Bilge Ceylan thanked festival-goers and organisers and dedicated his award to the young people of Turkey who have lost their lives during the last year.
Medical tourism provides a facelift to Turkey’s economy
Tourists are quickly discovering there’s more than beaches and ruins in Turkey, now the world’s six biggest health tourism destination. One out of every 200 visitors to Turkey now visits the country for a surgical procedure ranging from plastic surgery to oncological treatments. With top facilities and highly trained medical professionals available at a fraction of the price of many Western countries, it’s hardly surprising that Turkey is gaining a reputation as an attractive health destination, and investors are rushing to capitalise on the fast-growing industry.
No sign of a property bubble in Turkey encourages investors
Turkey’s economy is in a health place. Property prices are stable and growing steadily, alleviating fears of a property bubble. Rental prices increased significantly in the first half of 2014, good news for buy-to-let investors. The construction industry is growing, and the country is attracting investment from Middle Eastern countries as well as enjoying tourist growth.
Fitch proclaims Turkey’s investment climate stable
International credit ratings agency Fitch has awarded Turkey a BBB rating with a stable outlook. This is no surprise to Turkish government officials, whose reaction has been along the lines of “just you wait”. And indeed, the potential for future investment looks bright. With a youthful, educated population, healthy GDP growth, excellent infrastructure and its location as a linchpin between continents, Turkey’s economy is currently extremely favourable for investment.