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Turkey Property Turkey is major rival admits Spanish estate agent

Turkey is one of Spain's major competitors when it comes to overseas property markets attractive to Brits, one estate agent which specialises in the country has conceded.Casas de Lorca, a business which deals with villa designs, construction and resale property has admitted that several factors make Turkey one of a group of countries which are giving Spain a run for their money as Europe's most popular foreign housing market.The firm said in a statement: "Today, whereas the attraction and appeal of Spain remains undeniable, the cheap flights that have made more of the world affordably...

25-04-2008 - read more...

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Turkey Property Eurasia fair is coming to Istanbul

Istanbul will play host to one of Europe and Asia's most significant property fairs this summer.Real Estate Eurasia is running from June 12th to June 15th and is set to welcome over 15,000 professionals from 60 different countries.Some 250 products and projects will be showcased by countries such as Turkey, United Arab Emirates, Kuwait, Qatar, Bahrain, Kazakhstan, Ukraine, Spain and Italy.According to the Turkish Daily News: "Being a candidate to become the biggest fair of Europe and Asia, and one of the few important fairs in the world, RealEstate Eurasia includes international property...

04-04-2008 - read more...

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Turkey Property Turkish location set to see high capital growth says property agent

The southern Turkish destination of Alanya, near to Antalya Airport, has been highlighted as an area for potential capital growth for overseas property investors, according to a representative of one global agent.A spokeswoman for Property Showrooms said that the area was already responsible for nine per cent of Turkey's tourism sector.Sara Romera said: "Alanya is a beautiful area where you can still find very reasonably priced property, with room for capital appreciation in coming years. "It's close to Antalya airport, has a reasonable number of European residents,great weather,...

25-03-2008 - read more...

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Turkey Property Metro Group plans Turkey investment

The Metro Group has lifted the lid on its plans to invest around €100 billion in Turkey in the form of ten supermarkets.Metro Group Executive Board President Eckhard Cordes revealed that the lure in making the move related to the fast growth of Turkey's economy and its reputation as a "magical country", reports the Turkish Press.He added: "Metro AG supports Turkey's EU membership bid. Turkey presents very important exports opportunities."Under the firm's plans six media markets, two real hypermarkets and two Metro cash and carry shops will be constructed in the...

19-03-2008 - read more...

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Turkey Property $1 billion steel works to be built in Turkey

Magnitogorsk Iron&Steel Works, Russia's largest steel and iron manufacturer is to set up a $1 billion plant in south east Turkey.The project is being undertaken with the help of Turkey's Atakas group and the factory will be constructed in the town of Dortyol in the Hatay province.It is thought the base will specialise in the production of "hot and cold-rolled sheet as well as galvanized and colour-coated rolled steel products," according to the Turkish Press.MMK Chief Executive Officer Viktor Rashnikov told Russian business provider Rian today (Thursday, March 13th): "We...

13-03-2008 - read more...

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Turkey Property Foreign investment reaches record levels

Turkey received a record $21.9 billion (£43 billion) worth of foreign direct investment (FDI) during 2007, it has emerged. Figures released by the country's Treasury this month revealed capital inflow to the country worth $19.2 billion through privatisations, mergers and acquisitions and property sales to foreigners worth $2.95 billion, reports Today's Zaman. The Treasury's Foreign Direct Investment Data bulleting also recorded $18.4 billion in net foreign capital inflow and $500 million in capital acquired in the country by foreign partners, the article noted. More than 3,000 new...

22-02-2008 - read more...

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Turkey Property Ministers talk of major UAE investments

Turkey's finance minister Kemal Unakitan has spoken of exciting projects in the country involving the United Arab Emirates (UAE).During the seventh-term meeting of the Turkey-UAE Joint Economic Committee in Ankara, the protocol was signed by Unakitan and Economy Minister Lubna al Qasimi of UAE, reports the New Anatolian.Unakitan revealed that the United Arab Emirates investment in Turkey had reached $4 billion (£2.04 billion).A free trade agreement between Turkey and the Gulf Cooperation Council (GCC) is expected to be signed in the near future.The UAE delegation which arrived in Turkey...

15-02-2008 - read more...

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Turkey Property Turkey promotes itself to fashion industry

Turkey has declared its potential to the international fashion industry at the International Istanbul Fashion Fair.Foreign trade minister Kursad Tuzmen told assembled journalists from France, Germany, Canada, Israel, Russia, China, Jordan, Bulgaria, Georgia and Albania that Turkey could provide quality at all stages of production in clothes manufacturing "from the farmland to end user," reports the Toronto Star.Mr Tuzem pointed to the fact that Turkey ranks eighth in the world export league for textiles and fourth in fashion.The event took place on February 7th at the CNR EXPO in...

15-02-2008 - read more...

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