Property News
Turkey keeps investors happy
Obelisk Private Finance 7 August 2008
The government's temporary ban on the issue of title deeds (Tapu) to foreigners has been lifted. Now that mortgages are more readily available in Turkey - the essential elements for overseas property investors are firmly in place.
Recent survey results published by the Daily Telegraph and undertaken by independent travel group, Cooperative Travel, show that Turkey has pushed Spain from its top position as favourite holiday location for Brits, partly because of the over-valued euro, but also because the cost of living is a fraction of what it is in the UK.
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Cyprus property summery for the past year
Homes & Property 8 July 2008
Strengthening tourism levels, up 4.4% year-on-year, has buoyed demand for property in Cyprus, where average property prices have appreciated by in excess of 18% over the past year.
Famagusta, North Cyprus could become a property hotspot
Homes & Property 16 July 2008
Former Cypriot tourist centre Famagusta is set to become a prime property investment hotspot if reunification talks are successful.
The area, which netted 95% of Cyprus’s tourism before the 1974 Turkish invasion, should see immediate price rises of 10% upon reunification. “The island’s Greek and Turkish Cypriot leaders met two weeks ago to make plans to start peace talks in the autumn,” said IPG director Gerraint Thomas. “The area will see certainly excellent capital appreciation if it comes off.”
Land values in this region, typically shunned by the island’s Greek Cypriot population for its proximity to the Turkish-Cypriot, are significantly cheaper than on the rest of the southern part of the island. The region’s forecast profits are already attracting sports investors - former Liverpool striker Ian Rush has recently launched a Resort & Spa in Kapparis with Cypriot developers. “Rental returns can reach up to 8% in high season, with capital appreciation hitting between 10 and 15%” said Mr Rush of his own investment unit.
Swansea footballer Kristian O’Leary has also recently bought a new home near Famagusta. “Cyprus offers the best opportunities for buyers looking for an alternative to the Spanish Costas, where in some cases prices have dropped dramatically. The island is changing its image, and its main airport, Larnaca is being extended, so rental yields should be excellent.”
Turkish interest rate jumps up to 16,25%
Homes & Property 19 June 2008
The Turkish Central Bank has hiked up its key interest rate by 0.5% from 15.75% to 16.25% at its June Monetary Policy Committee meeting. Read more
Turkish Title Deeds to restart shortly
Homes & Property 13 June 2008
Turkey’s Parliament has authorised alterations to the title deeds laws, paving the way for tapu handovers to be reintroduced.
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Float your Boat in Turkey
Homes & Property by Cathy Hawker, 19 March 2008
An established holiday market makes living in Turkey easy and there are excellent opportunities for second home -owners. Bodrum peninsula and Kalkan are upmarket destinations beloved by British buyers. Read more
Turkey’s emerging rental market looks promising
Homes Overseas 11 February 2008
Turkey’s position as a growing world tourism destination appears to be going from strength to strength, which is helping to boost the country’s buy to let property market.
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Turkey’s property market flying high
Homes Overseas 14 February 2008
The introduction of a greater number of flight routes and various airport expansions may improve prospects for Turkey’s property market. Read more
Orams Case Goes To European Court of Justice
North Cyprus, Orams, land dispute, 20 June 2007
TRNC solution ‘recognised’ - While the so-called Turkish Republic of Northern Cyprus is not recognized by the EU, recent reports suggest that its solution to land dispute, the Immovable Property Commission (IPC), is about to be officially accepted by the European Court of Human Rights (ECHR). Read more
North Cyprus international first
Guardian Abroad by Saundra Satterlee, Friday April 13, 2007
The opening of a new 18-hole golf course in North Cyprus is a paragon of eco-sustainability as well as a glittering new asset in President Talat's tourism drive. Read more
Luxury Residences in Turkey - A New Point of View
The Times by Lucy Alexander, March 30, 2007
There is attractive side to Turkey that will appeal, as much tothose seeking a luxurious holiday retreat as to the shrewd
investor. Read more
Market Focus on Turkey
Guardian Abroad by Saundra Satterlee, February 26, 2007
Turkey is an almost undiscovered haven at the edge of Europe with a wonderful coastline, only three to four hours away from major European capitals and still offering an exotic element as well as all the mod cons that Europeans seek? says Yaman Iyikan former finance manager at the European Bank for Reconstruction and Development and now MD at Property Republic. Read more
Turkey is Top Emerging Market in Global Investment Index
Monday, February 26, 2007
The Global Emerging Markets Index is published monthly by the independent company Currency Direct. The index tracks the number of foreign exchange transfers in emerging markets from around the world. Turkey has held its position as the most attractive investment opportunity for some time, as has the country positioned at number two: Bulgaria. Read more
The hot spots: Where will we buy next?
The Observer, Sunday November 26 2006
The experts are predicting a property boom thanks to Turkey's candidacy for membership of the EU. Planned infrastructure developments around Dalaman on the Mediterranean coast - including the expansion of Dalaman airport, the building of three marinas and the area's first golf course - has made this an attractive area for buyers. Other areas to watch out for include Istanbul and Antalya. Read more
SKIP OVER TO CYPRUS: North is easier to get than ever
Sunday Mirror , 26 November2006 by Mike Ryder
The tourist board calls Northern Cyprus "a corner of Earth touched by Heaven" and who am I to argue? It has always been one of the best-kept secrets in the travel business, and now it's easier than ever to get there. Read more
Sunexpress Announces Schedule Flights UK - Turkey
"Sunshine on Board" airline SunExpress will offer new, nonstop scheduled flights from London-Stansted to Antalya twice weekly, on Mondays and Thursdays, from 15th January 2007. The flights are aimed at the growing number of golf-tourists, those owning second homes in Turkey and naturally the Turkish community living abroad. The new UK operation will further be expanded to other destinations in Turkey in the Summer 2007 season.
Emerging property markets: Northern Cyprus
The Guardian, 30th September 2006 by Saundra Satterlee
The final word comes from TRNC Prime Minister Ferdi Sabit Soyer, who gave the following response when asked what reassurances he could give Guardian Abroad readers about the safety and security of the TRNC as an international property destination: ?One of the political problems within the Cyprus issue is property. Read more
Turkish Mortgages available, "time to invest is now"!
Buy now and enjoy accelerated capital appreciation in the very short term. Read more
Orams Win battle over North Cyprus Villa!
A British couple have won a High Court battle over their dream holiday home in Cyprus. Read more
Investor article: Turkey as Invesment Market
So what's the best way of ensuring that you don't get carried away and end up with a Turkey? Read more
