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Flights to Bodrum snapped up

Extra flights into Bodrum this year have led to an increased number of British tourists visiting Altinkum.Thomas Cook started its flights a month early from April 1st, improving travel options to the city located north of Bodrum.Local hotels have reported a 50 per cent increase on bookings compared to last season, with apartment rental agencies also experiencing growth on last year. Altinkum is only an hour and a half away from Bodrum airport and is popular for its great beaches – Altinkum means 'golden sands'.Many apartments have been built in the area in recent years and are now good...

31-05-2007 - read more...

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Turkish construction locomotive for economy

Construction of property in Turkey is driving the country's economy even further, the director general of the nation's Building Information Centre has said.Guven Canturk stated that the building sector is Turkey's "locomotive sector" as it contributes to 200 sub-sectors. Mixing his metaphors, he also called it a sponge as it absorbs a great deal of workers, while it also accounts for a tenth of all industrial production through its use of building materials.In addition, Mr Canturk told Today's Zaman that building materials accounted for 13 per cent of Turkey's exports and were of...

25-05-2007 - read more...

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Turkish property market highly professional

Turkey has a strong property market with "highly professional" developers, the Federation of Overseas Property Developers, Agents and Consultants (Fopdac) has said. Arlette Adler, spokeswoman for the federation, said that investing in property in Turkey is aided by "very scrupulous" developers. However, she recommended that British investors should use a British agent, as they tend to be more scrupulous than their Turkish counterparts."Our experience [of Turkey's developers is that] much to our surprise, they are highly professional and there are no problems. The only...

24-05-2007 - read more...

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Massive Turkish property upheaval

Around 100 Istanbul firms are to relocate to create business and residential centres in a US$5.5 billion (£2.8 billion) transformation.As part of one of the biggest changes for property in Turkey in recent times, 550ha of land between Istanbul's Kartal and Pendik districts will be transformed, with Kartal to become a skyscraper district.Zeyyat Gumus, deputy mayor of Kartal, told the Turkish Daily News: "The master plan should be ready in June or July and implementation plans will be prepared so that the project can be implemented in one year at the latest."The original...

21-05-2007 - read more...

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Foreign property law pending

A new property law that will dramatically speed up property registration procedures for foreign investors and reduce the amount of administration for the real estate and construction industries is to come into effect.The new law is proof that the Turkish property market is an extremely attractive proposition for outside investors, but also an admission that current legal procedures regarding the purchase of property are overly complex.The new arrangement will remove the need for local commanders to approve property sales and land registration. The Defence Ministry is currently in the process...

15-05-2007 - read more...

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Britons have Turkish property fixed in their sites

The Turkish property market is extremely popular among British investors, according to a property expert from rightmoveabroad.com.It is estimated that over 13,000 Brits have already purchased property in Turkey. This is partly due to the fact that property prices are very competitive when compared with the rest of Europe. They currently stand similar to those that emerged at the beginning of the Spanish property boom in 1998.Michael Johns, of rightmoveabroad.com, marvelled: "With beautiful beaches, a perfect Mediterranean climate, cheap property prices and direct flights out from the UK,...

11-05-2007 - read more...

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Capital of culture title boosting Istanbul property

Istanbul's clinching of the title of European Capital of Culture for 2010 is pushing up the price of property in Turkey, an expert has said.Prices in the former capital in particular are set to rise as much as 50 per cent and other cities could benefit as more low-cost flights from northern Europe arrive in Turkey."International consulting firm PricewaterhouseCoopers gave Istanbul top ranking for development prospects in its Emerging Trends in Real Estate Europe report of 2006. It cited the fact that the city had a fast-growing economy but a shortage of modern high-quality assets,"...

10-05-2007 - read more...

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Bodrum Turkeys summer capital

Bodrum has been declared to be Turkey's summer capital by a local property expert.Alpcan Yazici, co-director of Braemoregemini, a joint Anglo-Turkish venture, said that as more people come to the Mediterranean resort, it was leading to more demand for investment property in Turkey as more homes are constructed."I like to say that Bodrum in the summer is the capital of Turkey," he told the Turkish Daily News.His co-director Burak Ozkan that he was pleased with the level of interest in the resort. He also stated that foreign investment was helping to improve the quality of build in...

02-05-2007 - read more...

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