Thursday, 5 March 2015

Turkey’s wealthiest individuals invest in property, not technology

Real estate dominates the investments of Turkey's wealthiest individuals, a latest list of the richest turks shows.


This contrasts with a finding in the global version of the same list which showed that most of the global rich generate their wealth from investments in technology.



Forbes Turkey released its list of the 100 richest Turks on Tuesday, one day after the international edition of the magazine published its World's Billionaires list. Bill Gates, the co-founder of Microsoft, was ranked the world's richest person for the second consecutive year with a net wealth of $79.2 billion. While 85 of the top 100 richest people in Turkey hold key investments in real estate, 83 also operate in the energy sector. Fifty-four individuals invest in tourism and 46 in finance; however, only 15 members of the list invest in fields related to technology.

Saturday, 14 February 2015

Turkey 'nears Italy' as popular tourism destination

Turkey managed to attract 5.5 percent more tourists in 2014 despite the challenges in the region, says minister of Culture and Tourism of Turkey.

 

Turkey 'nears Italy' as popular tourism destination

The number of people visiting Turkey as tourists reached an all-time high of 37 million in 2014, pushing Turkey near Italy in most visited destinations chart, a cabinet minister said on Thursday.
Speaking in an exclusive interview, Minister of Culture and Tourism Omer Celik said that Turkey managed to attract 5.5 percent more tourists in 2014 compared to previous year despite the political and geopolitical crises around the region.

“In 2014 the number of foreigners visiting our country rose to 36.8 million from 34.9 million with a 5.5 percent increase compared to previous year.”

Pointing out that there are Turkish citizens who are resident in Europe and visiting Turkey each year, Celik said that this year their numbers are roughly expected to reach 5 million.

“If we add this, the number of Turkey’s visitors will come close to 42 million. This is a significant record. We progress toward becoming fifth most visited country from the sixth rank,” Celik said.
According to a World Tourism Organization 2014 report Turkey ranks as the sixth most popular destination after Italy which ranks fifth with over 47 million visitors.

Source: portturkey.com


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Friday, 6 February 2015

High Quality Residential Project in Istanbul


ALYA ISTANBUL | Residential Project in Turkey for sale by Sait Gayrimenkul Real Estate

High Quality 1 and 2 bedroom apartments in Beylikduzu / Istanbul (european side)

The completion: April 2015
 

The project has convenient transportation options and located in a very popular and nice district (Beylikduzu) in Istanbul, very close to shopping malls, hospitals, schools, parks, supermarkets, restaurants, cafes, banks, main roads, all within 10 minutes walk.

Tuesday, 13 January 2015

House sales in Turkey continues...

House sales in Turkey continues to increase despite “high interest rates”

House sales in Turkey increased by 10 percent in the 11-month period of 2014, despite the increase on interest rates.


In the last year’s 11-month period, total 617,637 houses were sold in Turkey. Despite high interest rates, ownership of total 684,000 houses in Turkey was changed, in this year. Interest rates had climbed to the 1.30 percent.

Hacı Ali Taylan, President of the Federation of All Real Estate Associations of Turkey (TEMFED), evaluated the house sales statistics, which was released by Turkish Statistical Institute. He said that mortgage loan interest rates climbed to 1.30 percent in the first months of 2014. Because of that, there was a stagnant situation in the house sales.

Taylan stated that after the local elections in March, interest rates started to decline, and after the presidential election in 10 August, mortgage loan interest rates decreased to the level of 0.90 percent.
“Sales will continue to increase, if there is political stability. I believe that, the sector of real estate in Turkey will maintain its appeal for next 20 years.”



According to the Taylan, house prices increased due to increase on interest rates. He expressed that despite the increase on interest rates, citizens’ desire for becoming a homeowner, and the foreigners’ attention to Turkey’s real estate sector caused an increase on house sales.

“Now, foreigners do not just buy houses from well-known touristic cities such as Antalya and Istanbul.


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