26th March 2007 09:15
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.
A small village near
Kartalkaya in Turkey has become the much sought after residence of Turkey’s high society, with properties
valued at over a million dollars, according to the Turkish Daily News. Gövem Village was once a traditional
Turkish village but now over half the properties have been sold to Turkish businessmen, including Pharmaceutical and
auto industry tycoons and former Prime Minister Tansu Çiller.
This village is not the only
area in Turkey to experience soaring property prices. In Istanbul, there are sleek new residences at Kanyon, and
transformed 19th century Rizzo and Kamondo buildings near the cosmopolitan district of Beyoglu, which testify to the
luxury of Turkey’s high life. The 179 Kanyon apartment complex includes a four-level shopping mall, 26-story
office building and nine- screen movie theater.
As investment in Turkey increases both in
corporate and private sectors, there are increasing numbers of entrepreneurs and foreign property buyers looking for
glamorous residences in Turkey, and house prices look set to escalate.
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
Istanbul tipped to win European city of the year award - 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. - 23rd March 2007 17:33
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
