Real Estate & Commercial News in Turkey from Propertyshowrooms.com

Turkey recommended for affordable holidays

Sat, 24 Jan 2009 00:00:00 GMT

A new report from the Post Office has named Turkey as one of the world's top ten destinations for affordable holidays.

The Holiday Money Report, which is based on exchange rate movements and local tourism costs, found that Turkey offers an attractive package for visitors on a budget, particularly those taking a longer break.

Spain also made it into the top ten, despite recent claims that the drop in the pound has made eurozone destinations too expensive for many British travellers.

"UK holidaymakers will be checking prices carefully this year and this means that the winning destinations will be those that offer good value not just for flights and accommodation, but for tourist staples like meals out and drinks," commented Andrew Spice, spokesperson for Post Office Travel Services.

Turkish news provider Hurriyet recently claimed that the rapid growth of the country's tourism industry will contribute to a property boom in 2010.

Visit our off-plan property Turkey page.

Turkey attracts more interest from Britons

Fri, 1 Aug 2008 00:00:00 GMT

Holidaymakers in the UK are increasingly showing interest in visiting Turkey, it has been revealed.

According to Cheapflights.co.uk, economic factors such as the strong euro are putting people off taking breaks to traditional hotspots such as Spain.

As a result, more people are searching for cheaper alternatives which do not use the single European currency and offer more favourable exchange rates.

Turkey was found to be attracting considerable attention from money-conscious holidaymakers, in particular the Dalaman area.

The website stated that in the last year, the number of people viewing information on this region online has gone up by 17.5 per cent.

Commenting on this development, Chris Cuddy of Cheapflights.co.uk said: "A definite trend appears to be emerging for alternative vacation destinations."

This backs up the findings of the Association of British Travel Agents, which recently found that the number of bookings for Turkey has risen by 20 per cent on a year-by-year basis.

Turkey flights boost UK airport -300708

Wed, 30 Jul 2008 00:00:00 GMT

The popularity of destinations such as Turkey has helped boost passenger numbers at a UK-based airport.

Statistics have revealed that that East Midlands Airport (EMA) has seen an increase in the number of people it has handled for the ninth consecutive quarter.

More than 563,000 passengers passed through its doors last month - 5% more than during the same period of 2007.

This increase was said to have been fuelled by the rising popularity of places such as Turkey, which has attracted extra attention due to its favourable exchange rates.

EMA commented: "More and more holidaymakers are choosing to jet abroad to more value-for-money destinations outside the eurozone."

The airport added that the take-up of flights to countries outside the EU has risen by 17% in the last year.

This comes after the Association of British Travel Agents revealed that the number of summer bookings for trips to Turkey has gone up by 20% this year.

Visit our off-plan property Turkey page

Strong euro fuels interest in Turkey

Wed, 30 Jul 2008 00:00:00 GMT

A British airport has revealed that current economic conditions are driving a surge in demand for flights to Turkey.

According to East Midlands Airport (EMA), services to places such as Dalaman have proved to be very popular with consumers in recent months.

This has been mainly attributed to the fact that Turkey offers more favourable exchange rates than many other European countries.

Indeed, figures indicated that in the last year, there has been a 17 per cent increase in the number of people flying to destinations outside the EU.

Since the pound has recently slumped to all-time low against the euro, this could because people want to get more for their money in other places.

EMA commented: "More and more holidaymakers are choosing to jet abroad to more value-for-money destinations outside the eurozone, such as Dalaman in Turkey."

According to the Association of British Travel Agents, the European country has become one of the main hotspots for holidaymakers from the UK this summer.

In fact, figures show that the number of bookings has risen by 20 per cent on a year-by-year basis.

Investors look for "new targets"

Mon, 10 Sep 2007 00:00:00 GMT

Following the problems faced by the property market in the US, many investors are looking to the commercial real estate market, according to one expert.

Speaking to the Turkish Daily News, John Kriz, managing director for real estate finance at Moody's, said that institutional investors across the world are seeking "new targets" for investment.

Suggesting that commercial property in the Turkish city of Istanbul, Mr Kriz told the news provider that real estate investment trusts (Reits) are likely to become increasingly popular.

"You need to invest in real estate while the economy diversifies. Reits are a good solution to finance these investments," he said.

Meanwhile, property investors may be interested to know that Turkey's foreign minister Ali Babacan said that the country's programme of reforms ought to see it become viewed as more of an "asset" to the European Union, reports AFP.

The minister made his comments ahead of a meeting with EU ministers and representatives from other candidate nations in Portugal this week.