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Turkey Property Hotel chief highlights thriving hospitality sector

The president of one of Europe's most respected and reputable hotel chains has sung the praises of the Turkish tourism industry.Jean Gabriel Peres of Movenpick Hotels and Resorts was speaking as his company announced the construction of a five star hotel in capital Ankara.He told the Turkish Daily News: "Turkey's tourism potential is absolutely amazing. Mr Peres continued: "Turkish people are involved in the tourism sector and the quality of Turkish hospitality is simply great. It is hard to see such hospitality in Europe."The new branch will provide 150 rooms when opened in...

29-04-2008 - read more...

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Turkey Property Investors should look to emerging markets says expert

Overseas buyers can make a shrewd investment in emerging markets where there is a good level of demand such as in Turkey, according to one expert.Director of independent foreign property advisor Amberlamb, Rhiannon Davies, explained that an emerging market with a thriving tourism sector can prove rewarding for investors over both the short and long-term.She said: "It can make sense to invest in property in emerging markets where the numbers add up. "There is either short term demand for real estate units that is surging and creating a situation where you can buy off plan and flip...

23-04-2008 - read more...

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Britons flocking to Turkeys property market

Britons are flocking to invest in Turkish property, an expert has said.Rod Thomas, managing director of Axis Property International, told Today's Zaman that he had seen a large amount of commitment from Britons to buy property in Turkey.In addition, Mr Thomas believes that the real estate market will continue to boom until at least 2012."There will be important developments in the real estate market in Turkey in the next five years. In particular large places like Istanbul will be teeming with foreign investors," he said.Mr Thomas praised the recent change to the mortgage law for...

26-04-2007 - read more...

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Turkish property statistics revealed

Who owns what in Anatolia has been partially revealed in a new series of statistics on property in Turkey from the government there.According to the Turkey's finance ministry, the treasury owns 96,200 buildings, 333,000 properties in urban areas and 370,500 in the countryside, as well as 951,000 plots of farm land and 230,000 forestry properties.In addition, the Turkish government owns 8.17 million hectares (20.2 million acres) of forest and commands a total of 15.8 million hectares (3.9 million acres) of treasury land.The figures also reveal a difference in state and private ownership for...

25-04-2007 - read more...

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Ankara property boom tipped

Ankara is being tipped as the next property hotspot away from Istanbul as investors shift their attention away from the old capital to the new one.According to the Turkish Daily News, Ankara will be the leader in "square metre per thousand people" once seven new shopping malls are built, bringing the total of shopping centre properties in Turkey's capital up to 24.Nusin Oralthe, head of Turkey's Shopping Mall and Retail Association (AMPD), said that foreign investors in Turkish property and competition was driving up expansion in Istanbul. While this was making rising property...

20-04-2007 - read more...

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Turkish property earns while away

A luxury property in Turkey firm has said that people who buy there can rent it out and earn while they are not living in Turkey.Berek Guden deputy chief of Corendon, said that investors "are going to be able to rent their house when they do not use it and therefore they are going to be able to earn money as well"."They are going to earn money, their property is going to gain more value and they are going to make use of their money at the same time," he added, the Turkish Daily News reports.In addition to praising investment property in Turkey, Mr Guden urged the nation to...

19-04-2007 - read more...

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Turkish property set to boom

Changes in Turkey's mortgage law means that the nation is set to become "one of the next big things in overseas property", a property expert has claimed.According to property listings firm Rightmove Overseas, changes to property law in Turkey will benefit foreigners, particularly those with investment property, as they can now obtain mortgages. Justin Figgins, the firm's head, said that before this change, obtaining an investment property in Turkey could be tricky as cash payment was required. However, now UK buyers have obtained access to the country's mortgage system, property...

17-04-2007 - read more...

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Turkish property in top 5 for Brits buying abroad

Investment in property in Turkey is proving so popular that it is now one of the top five locations for Britons to buy in.Assetz, a firm of property experts, said in its report that thanks to the returns available to investors in property in Turkey, it makes it one of the most attractive in the world, with an average gain of 45 per cent.With 400,000 Britons buying property abroad, much of the £52 billion being spent is going to Turkey due to the wealth returns that can be made.In addition, Assetz reports that property brokers Principal International said that the public is looking to...

12-04-2007 - read more...

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