New Property Development for Istanbul, Turkey – news for overseas property investors

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ISTANBUL- The Terrace Fulya project, being developed by construction company İnanlar İnşaat, is making show models available for interested buyers. The project gets its name from its location in Fulya, a district neighboring the Gayrettepe metro stop on the European side [...]

New Residential Development in Istanbul, Turkey – news for overseas property investors

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ISTANBUL – One of Istanbul’s oldest residential neighborhoods on the Anatolian side of Istanbul neighboring the Ümraniye district, Sarıgazi, will feature a new development. The Sarı Evler project will stretch over 73,000 square meters and comprise 30 blocks of buildings, 720 [...]

Bidding War for Construction Project in Istanbul, Turkey, news for overseas property investors

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The bidding process will begin again for the nature and entertainment park in Halkalı after the Mass Housing Administration, or TOKİ, decided to cancel the previous bid because the guaranteed revenue from the winning offer did not meet expectations.
The Public Housing [...]

Turkeys GDP to Hit $1 Trillion by 2014 Says IMF – news for overseas property investors

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Turkey’s gross domestic product (GDP) will be $968.2 billion by 2013 and its economy will surpass $1 trillion for the first time in its history by 2014, a recent report by the International Monetary Fund (IMF) predicts.
If current growth tendencies stay [...]

$3 billion investment into Turkey – news for overseas property investors

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Groupe Danone SA, the world’s biggest yogurt maker, is planning a $3 billion investment in southeastern Turkey, Milliyet newspaper reported on Wednesday.
Turkey has recently signed an agreement with a foreign company that will invest $3 billion in the southeastern city of [...]

New Property Development Launched in Turkey – news for overseas property investors

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A $200 million residential project in Denizli, Sümerpark, to be developed in partnership with the Pera Real Estate Cooperative, or Pera GYO, and Global Investment Holding, has been given the green light.
The project started when Pera Real Estate bought land from [...]

Crisis Helps Turkey Real Estate Market – news for overseas property investors

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The general manager of the İzmir Realtor and Real Estate Consultancy Association, or İZEMDER, Rıdvan Akgün, said, “the global crisis is helping the real estate industry, especially those selling real estate.”
In a press conference yesterday, Akgün noted the global financial crisis [...]

Turkish banks Continue to Expand – news for overseas property investors

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ISTANBUL – The global financial crisis has not disrupted the expansion plans if İşbank, which is Turkey’s biggest publicly traded bank.
“Our plans for growth have not been affected by the global economic crisis,” İşbank Managing Director Ersin Özince told the [...]

Crisis Helps Turkey Real Estate Market – news for overseas property investors

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İZMİR – The general manager of the İzmir Realtor and Real Estate Consultancy Association, or İZEMDER, Rıdvan Akgün, said, “the global crisis is helping the real estate industry, especially those selling real estate.”
In a press conference yesterday, Akgün noted the global [...]

New property developments in Istanbul – news for overseas property investors

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Ofton İnşaat, a construction company, is starting a new campaign at their latest development project, Elysium Cool.
The project, which is located in the Kutuluş neighborhood in the Şişli district, will begin sales of units pegged to the dollar at YTL 1.3. [...]