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Turkish property market as the potential next “hotspot”

Many people are starting to look at the Turkish property market as the potential next "hotspot" as and when the world economy starts to pick up. While it may be a little too early to invest into the market there are some interesting factors coming into play which could make ...

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July 22, 2009

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VAT cuts promote luxury home sales in Turkey

The government’s stimulus package includes lowering of the value added tax from 18 to 8 percent for three months for homes over 150 square meters. The tax cut has led to an average of 10 percent decreases in prices. Villa and luxury homes now have prices that are ...

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April 2, 2009

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Only negligible decline expected in number of tourists to Turkey in 2009

Despite the general outlook on the negative impact of the financial crisis, the Turkish tourism industry will see a negligible decline in tourist numbers this year, according to Bülent İlbahar, head of the Kuşadası branch of the Turkish Association of Travel Agents (TÜRSAB). As the adverse effects of the ongoing global ...

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March 24, 2009

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