Monday, 30 June 2014

Choice Hotels International expands to Turkey

Clarion Hotel & Suites Istanbul Sisli to open in June

Choice Hotel’s International announced that it has expanded its international portfolio by welcoming its first ever property in Turkey. Clarion Hotel & Suites Istanbul Sisli, a newly built hotel, is located between the Levent and Taksim business areas and close to the cultural sightseeing spots in Istanbul.

“We are very excited to open the first Choice Hotel in Turkey with the Clarion brand. Turkey is an emerging economy with an extremely attractive hotel market and Istanbul has become a thriving destination for business and leisure travelers. We are pleased to have a presence in one of the most vibrant cities that straddles both Europe and the Middle East” said Mark Pearce, Senior Vice President International Division, Choice Hotels International.

Offering 135 modern and elegant rooms including 45 spacious suites designed for long stays, Clarion Hotel & Suites Istanbul Sisli is only 25 minutes from International Ataturk Airport. Guests also benefit from a lobby-lounge with a bar and a restaurant that can serve 200 guests. Also available is a spa area with sauna, a massage-room, a hairdresser and a modern gym. With three individual combinable conference rooms for up to 200, the hotel is also able to host conferences and events.

The hotel is owned and operated by Aktas Turizm Insaat A.S under franchise agreement with Choice Hotels Europe.

Hotel owner Mehmet Aras, who also constructed the hotel, comments: “The decision to join Choice Hotels was the right one on all fronts. Istanbul is a very international city attracting many travellers from around the world and we therefore will benefit greatly from Choice’s global reputation and brand recognition. The hotel is located in the best business location in Istanbul and we hope to attract many business travelers with our elegant rooms and suites.”


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Tuesday, 17 June 2014

Russian bank provides home loan for Turkish property

Loans apply only residential property and units.

Russia's biggest bank "Sberbank" which is also the owner of the Turkish bank "Denizbank" can provide mortgage loan for Russian citizens who are about to buy property in Turkey. The loans apply only residential property and units at the moment.

In first 5 months of 2014, 12.485 foreign people bought property in Turkey and Russians are number one in the list buying 55 lands and 1580 real estate. Deputy president of Sberbank Sergey Gorkov explaining the issue to Kommersant newspaper, home loans will be provided by Denizbank to Russian citizens that would like to buy property in Turkey. Loans are planned to start on 23th of June, said Mr. Gorkov and Sberbank will be giving consulting services on document and risk assessments.

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Wednesday, 11 June 2014

Follow us on Twitter - Sait Gayrimenkul

On the 27th of April 2014 we launched our official Twitter account so don't forget to follow us for the latest news on developments of Turkey, Real Estate sector, Property in Turkey for sale...

Looking for investment property? Searching for a place in the sun? Looking for a retirement home? Whatever your property preference, we have high quality and specially selected properties.

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Tuesday, 10 June 2014

New Istanbul airport - Largest airport in the World

Turkey broke ground yesterday on a new mega-airport in Istanbul, due to be one of the largest in the world, in a ceremony attended by Prime Minister Recep Tayyip Erdogan, who said it was a “historic day.”

 He pledged the airport, which he called a “victory monument,” would create thousands of new jobs.
 “Turkey is not the old Turkey,” he said, hailing the project as part of an overall effort to modernise the country.
 Erdogan’s speech, laden with jibes at his political opponents, was met with loud cheers by a large crowd attending the event.
 A consortium of five companies won the $30 billion tender to build and operate Istanbul’s third airport, which will have capacity for some 150 million passengers annually upon completion in 2018.
 The construction coincides with the dramatic expansion of Turkish Airlines, which will use the six-runway airport as a hub.

 The airport has not been without controversy, however, with environmentalists objecting to the destruction of forest areas and lakes to make way for it, and accusations — though no official charges — of corruption on the part of officials heading the consortium.
 Ataturk International Airport, currently Istanbul’s largest, sees about 37 million passengers a year, while Sabiha Gokcen on the city’s Asian side, has about 13 million people passing through annually.
 The airport is one of several mega-projects Turkey is planning ahead of 2023, when it marks 100 years since the founding of the modern republic.

 The Marmaray railway tunnel was built under the Bosphorus strait last year, connecting the European and Asian sides of Istanbul.
 There are also plans to ease congestion on the Bosphorus seaway by building a parallel shipping route. The project, called Kanal Istanbul, would connect the Black Sea to the Marmara and on to the Mediterranean.
 A third bridge over the Bosphorus is also in the works.

Source: Oman Daily Observer

Monday, 2 June 2014


ISTANBUL — Turkey hosted the ninth Turkish-Arab Economic Forum in Istanbul on Wednesday, an event which gathered foreign ministers, prominent public and private sector decision-makers and strategists from Turkey and Arab countries for a range of agenda-setting discussions.

Starting with a discussion on the economic challenges facing the Arab world following the aftershocks of the region-wide uprisings often referred to as the "Arab Spring," the forum sought to promote the stability and clarity which are necessary to move forward and explore investment opportunities in Turkey, particularly in the banking and real estate sectors.

Turkish Finance Minister Mehmet Şimşek said the forum is an excellent networking platform for those interested in investing in Turkey.

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Şimşek said that Turkey serves as an efficient and cost-effective bridge to major markets across the Middle East and North Africa and a natural bridge for east-west and north-south trade. "Istanbul is becoming a global capital. We made significant economic reforms in Turkey. It is clear that political stability is a very important factor in Turkey's 10 years of success," Şimşek said.

Şimşek pointed out that as the Arab world wakes up, democracy, wealth and stability will spread. "The biggest problem in the MENA region is unemployment, but I think they will overcome it with economic reforms, similar to Turkey." Inviting Arabic countries to invest in Turkey, Şimşek added, "United we stand, divided we fall."

Ummaya Toukan, Jordan's minister of finance, said the forum played a crucial role in enhancing Turkish-Arab relations, which have been lagging for more than half a century. "Nobody can ignore that Turkey is a big international market. The economic relationships between Turkey and the Arab world are improving," Toukan said. "The Arab world needs Turkey as a financial hub to Europe and other parts of the world, and it can bring a lot of customers to invest." Indicating that the Arab world should come together and debate the relevant issues of the region, Toukan said, "Despite the political problems in Arab countries, I think economic growth in the Arab world will continue in a positive direction."

Turkish Finance Minister Mehmet Şimşek said on Wednesday that the inflation rate will fall after June. "Turkey's inflation rate will decline with the figures to be announced in June, but it will start to fall after June within the bounds of the predictions of the Central Bank of Turkey." Noting that based on principle, he does not want to comment on the politics of the central bank, Şimşek added, "I believe that the bank is doing its best for Turkey and will continue to do so. Therefore, the independence and credibility of the central bank is really important and critical for the country."

TurkStat said in April that Turkey's annual inflation rate accelerated to 8.3 percent in March 2014, from 7.8 percent one year earlier and 7.2 percent recorded in February 2014, as food and transportation costs increased to the highest rate in eight months.

Source: AA

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