Archive for the ‘Uncategorized’ Category

Foreigners will continue buying from Turkey for the next 10 years

Thursday, May 3rd, 2007

In an article published by the Today’s Zaman Newspaper read. One of the arenas to be hardest hit by the 2001 economic crisis in Turkey, the real estate market, is bouncing back with speed, as it experiences a series of economic developments.

 

Last month’s bidding for General Directorate of Highways (KGM) and İstanbul Transportation Authority (İETT) plots are just one example of renewed energy in real estate. The Zorlu Group bought the KGM property for $800 million, while the Dubai-based Sama Dubai company, owned by Dubai Sheik Maktoum, bought the Levent İETT garage property for $705 million. In the wake of these significant purchases, there is curiosity on the market as to whether or not this type of sale will continue.

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Britons Tempted by Turkeys booming Property Market

Wednesday, May 2nd, 2007

According to the Voices local Newspaper the British are leading the way in taking heed of the booming property market in Turkey.

Rod Thomas, managing director of Axis Property International, which provides projects and counseling services to over 15,000 real estate investors — making it Britain’s largest enterprise of its kind, said the real estate market in Turkey excites European realtor’s.

“Owing to the exorbitantly high prices in Spain, the real estate market there has come to a halt. Therefore Turkey stands before European real estate investors as the most attractive and interesting choice,” he added.

This is a preview of Britons Tempted by Turkeys booming Property Market. Read the full post (105 words, 1 image, estimated 25 secs reading time)

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