23rd March 2007 17:33
Although Turkey has yet to join the European Union, Istanbul is considered as one of the favorites for the European City of the Year 2007 award. The competition, launched at the MIPIM International Property Fair in Cannes last week, alternates annually between Great Britain and Ireland one year and mainland Europe the next. This year, it is open to cities in mainland Europe, with Istanbul, Rome, Barcelona and Paris in the top positions.

After these cities, Budapest, Stockholm, Athens, Berlin, Madrid, Prague, Munich, Amsterdam, St Petersburg, Valencia and Riga have been named. John Thompson, chairman of the Academy of Urbanism commented, "The first four in the breakaway group were getting twice as many votes as the rest of the peleton. The canvas of Europe that's being laid out before us for potential assessment brings together a fascinating collection of places and we're looking forward to engaging with the three finalists”.

In addition to the European City of the Year 2007 award, the Academy will also be making awards in four categories: Great Town; Great Neighbourhood; Great Street and Great Place in Britain and Ireland. The finalists, voted for by the public and the Academy will be judged according to key principles of governance, local character and distinctiveness, user friendliness, commercial success and viability, environmental and social sustainability, and functionality.

Turkey named 4th fastest developing property market - Recent research places Turkey fourth in the list of most rapidly developing property markets. - 24th April 2007 09:28
British company invests $200mn in Turkish developments - Leading London based firm Financial Dimensions, experts in real estate and project development, have committed to invest 200 million dollars in property developments in Turkey over the next years. - 18th April 2007 10:23
Turkey's tourism encourages property investors - As one of Europe's most buoyant emerging property markets, Turkey is experiencing an influx of foreign property investment. - 10th April 2007 08:59
Research shows Bodrum is investor's best bet - Recent research carried out by Obelisk International, a major real estate company, has identified the Bodrum peninsula in Turkey as the top investment location for 2007. - 3rd April 2007 09:40
Luxury housing projects take off in Turkey - Turkish press and real estate institutions alike are full of the buzz of Turkey’s exclusive multimillion-dollar property projects, which have revamped properties in a number of areas for the rich and famous. - 26th March 2007 09:15
Turkey's new mortgage market - February saw Turkey’s first ever mortgage law approved in Turkish courts. - 22nd March 2007 09:58
Bodrum benefits from Turkey's tourism master plan - The popular Aegean town of Bodrum and the Mediterranean holiday resort Alanya will be the beneficiaries of Turkey’s tourism budget for 2007. - 13th March 2007 10:12
Property: Turkey's primary revenue? - The anticipated property boom in Turkey is happening even faster than experts predicted, outstripping other sectors on economic growth. - 7th March 2007 09:21
Turkey's property market receives injection of corporate investment - According to Turkish Daily News, global corporations such as Morgan Stanley, UBS, Deutsche Bank, Alliance and Leicester, Credit Lyonnais, Scottish Widows, and Credit Suisse are looking to invest in Turkish property as a means of diversifying their investment portfolio in a market with long term growth forecast. - 28th February 2007 11:10