Turkey and Egypt lead the CIVETS pack
The Wall Street Journal has recently reported on the positive economic outlook for the rapidly expanding ‘CIVETS’ nations. The group of emerging nations have effectively replaced the BRIC economies, caught the eye of investors, attracted large funds and experienced significant property investment. The performance of the CIVETS is already exceeding the BRIC nations as represented [...]
Istanbul real-estate market continues to boom
Istanbul’s property market continues to accelerate ahead of the rest of the world according to new data from the city’s chamber of commerce. Foreign direct investment into Istanbul increased by an impressive 27% this year meaning Istanbul is now one of the most popular property hot-spots in the world. Turkey’s thriving economy which outpaced China [...]
Turkey property market boosted by 11% tourism growth
Turkey’s Culture and Tourism Ministry have this week released data highlighting the country’s staggering tourist arrivals for the first 7 months of the year. According to the latest information, Turkey welcomed over 17 million holiday makers between January and July. This impressive figure represents an 11% increase in tourism compared with the same period last [...]
Beginning of a boom? Turkey property sales & prices increase
Official data released by Turkey’s Land Registry has revealed a significant uplift in the number of people buying new build homes in Turkey. The July figures showed an impressive 7.29% increase in transactions compared with the same period last year. These figures also represented an increase of 1.2% compared with the month before highlighting how [...]
Bodrum leads the way for overseas property
According to the latest data from Rightmove, the region of Mugla in Turkey is one of the most sought after destinations in the world. The Rightmove Overseas Search report for May found that Mulga was the 5th most searched for region world. Mugla which is famous for the tourism hubs of Bodrum and Fethiye gained [...]