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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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Huge potential for Turkey claims bank

A Canadian bank has declared that there is "huge potential" in Anatolia, adding its voice to those who have already thought likewise and invested in real estate in Turkey.Scotiabank said that with Turkey being the gateway to Europe, Asia, the Middle East and Africa and also having strong emerging markets, it was the natural place to go."We see huge potential for Turkey, with its young, dynamic and entrepreneurial population," said Alberta Cefis, executive vice-president at Scotiabank."There is a natural progression of trade finance business in emerging markets like...

29-03-2007 - read more...

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Turkey is an investors paradise

Turkey's foreign direct investment (FDI) is "an investor's paradise", a US business council has heard, as economic growth is good news for those investing in property in Turkey.Nick Rohatyn, chief executive officer of investment firm the Rohatyn Group, had his strong support for Turkey at the New York conference backed by the nation's economic secretary, Ali Babacan.Commenting on Turkey's growth, Mr Rohatyn said according to the Turkish Daily News: "In a five-year time period it [Turkey] turned into an investors' paradise," a comment no-doubt backed up by anyone who has...

27-03-2007 - read more...

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More foreign investment needed for Turkey

Turkey needs more foreign direct investment (FDI) to truly realise its economic goals, an international equities firm has said.Bahamas-based Global Equities Management (GEM), which specialises in emerging markets and "manages US$1 billion (£514 billion), half of which is invested in Turkey," made its comments as it announced further investment in Anatolia.According to the Turkish Daily News, the firm's expansion in the pharmaceutical market could have a knock-on effect on investment in Turkish property as more foreign firms head to Anatolia. Operating through its stake in Deva,...

21-03-2007 - read more...

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Investors flocking to Turkey for cheap utilities

Turkey is attracting high investor numbers as a result of its affordable gas and electricity supplies, according to the country's energy and natural resources minister.Speaking at a business meeting in Denizli over the weekend, Hilmi Guler pointed out that natural gas and electricity prices in Turkey are among the lowest in Europe, Today's Zaman reports."Sweden, Germany, the United Kingdom and Austria are using the most expensive electricity and natural gas among European Union countries," Mr Guler said.Turkey's current energy contracts allow low-cost purchase of energy, the...

19-03-2007 - read more...

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Turkey 'has potential for top property investments'

Turkey has great potential for the growth of its property prices and an exponential rise in demand for rental properties, according to one expert.Rhiannon Williamson directs Amberlamb which specialises in spotting overseas property development hotspots. She says that 50 per cent of Brits with second homes are now investing in overseas property, in places like Turkey especially. She said that Turkey has "a lot going for it in terms of potential for growth in terms of prices and demand for rental accommodation".Her advice continued: "Build quality is a very serious issue that...

15-03-2007 - read more...

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