Turkey will grow more than Europe and United States in 2012

Organization for Economic Cooperation and Development (OECD) announced that Turkey will grow 3 percent in 2012 at a rate higher than Europe and the United States.


The report states that while the  three major EU countries such as Germany, France and Italy might have a mild recession predicted , only 0.2 percent economic growth is estimated for Euro Zone. The OECD states in the report that the European Central Bank needs to take a more active role in eliminating the crisis and the strengthening of the euro rescue fund.
The report of economic growth forecast for the United States in 2012  has been revised from 3.1 percent to 2 percent.

Historical Pera Palas Hotel again changing hands

Historical Pera Palas Hotel in Istanbul where Mustafa Kemal Ataturk made ​​the work of the War of Independence, hosted the famous names from Agatha Christie known the world-famous author with the detective novels to Queen II Elizabeth , Pierre Loti, Jacqueline Kennedy and Ernst Hemingway has been taken by Demet Sabanci Cetindogan who is the partner of Demsa holding the sole rights of many prestigeous international brands in Turkey.

Restored and re-opened in 2010 with the participation of Prime Minister Recep Tayyip Erdogan, Pera Palace Hotel owned by Ihsan Kalkavan since 2005 shook hands with Demet Sabanci Cetindogan.

Expectation of Reciprocity Law Change For Foreigners

For more cash flow into Turkish Economy from housing sales to the foreigners regardless of the basis of reciprocity arrangement for residential and commercial ownership in real estate sector in Turkey has created hope for property developers. From Gulf and Arab countries, the minimum expectation is being sold over 10 thousand properties in Turkey.

Environment and Planning Minister Erdogan Bayraktar said earlier days, "we will open the way for the sale of real estate to foreigners, regardless of the principle of reciprocity". This positive manner of Minister of Turkey's appreciated by the most luxurious project developers with 'Turning point in History', 'Good News', 'Date of Decision' assessments.  The half potential of expected number of properties sold is to be in Istanbul to the Gulf countries, Arab world , Russia, the Turkish republics, Iran and Azerbaijan.

A lot of attention to Istanbul

The booming after the removal of reciprocity is mostly expected by real estate authorities to take place in Istanbul. In particular, Arabs, Russians, Azeris, Kazakhs attached to the barrage of reciprocity , are showing interest  to Istanbul's central locations overlooking the sea for lifestyle and the outskirts targeted more profit in investment.
In addition, foreigners, is very popular in coastal regions.

Arab Spring draws big attention to Istanbul Property Market

Arab investors are now very much interested in buying property in Istanbul due to the political unrest in the Middle East and North Africa pushing Arab’s towards Turkey.

Wealthy Arabs generally can pay between $2 million to $30 million for luxury houses in top locations in Istanbul, whereas remaining Arabs look to spend between $70.000 and $250,000 for residence projects in outskirts of Istanbul.

One of the main reasons; ‘’Cultural Similarity ‘’ between Turkey and Arab countries and other religious connections play an important role for Arab buyers when deciding which country to invest in. Especially Turkish soap operas widely watched and followed in Middle Eastern countries also attract many wealthy Arab investors looking for luxury here. The country’s economic and political stability also encourages investors to consider Turkey for new investments.

Total Arab investments in Turkey totalled $10.6 billion last year as Arab’s looked to the Turkish real estate market to invest money in with a view to make a healthy profit.

''Musts'' how to pick a professional property agent before investing in Istanbul

Dear Visitors,

I got many inquiries about this topic from the property investors who invested in Istanbul with several property companies based out of Istanbul and then wanted to write this article for property investors to be well-informed for a better investment environment and not to have any single problem after you purchase. 

Frankly saying that there are only '' limited '' number of professional property agents in spite of the huge demand to invest in property in Istanbul.  Most of the companies on web ''Act'' like they have a knowledge about property market in Istanbul.  Once you choose these kind of  ''Only Web Based '' property companies , you will definately be ALONE after you get your title deed.

Please read the following advises before you proceed to have their service ;

* Mentioned '' Only Web Based '' companies  have no offices at all in Istanbul.  They insist telling to the clients that they have an office in Istanbul which is a '' Trick ''  because they only work with '' FREELANCERS'' who presents couple of companies at the same time , only to sell the project they have been promoting.  Please be sure that they will be invisible after the projects are completed !! 

So you should find a '' Trusted Company '' which has several offices with a dedicated property team.  Please go to their offices and find out that they are '' real or not ''.

You can contact with us to pick a professional property company. 

* Another important point is that you should definately find a  '' Trusted Company '' for PROPERTY RENTAL MANAGEMENT.  In Istanbul , the owners never pay property management fee to the estate agents to rent their properties because this fee is charged to TENANTS . 

 Therefore,  the company you will pick MUST have a office , already managing rental operations and provide you '' FREE RENTAL MANAGEMENT SERVICE''.

Please feel free to contact us about all your questions and to have a trustable service to invest in Istanbul Property

Best Regards

Melih Acikbas

Expected Property Price Increase in Istanbul !

Property investors have to be quick investing in Istanbul !

Till to the beginning of June, there is a property price rise expected up to 15% for new developing Istanbul projects.

The reason is very certain why the property prices will go up that THE PRICE OF IRON has increased from 800 TL up to 1300 TL at 30%.
To have a profitable return on investment in short term, this is a fantastic opportunity for early bird investors who would like to benefit from this news.

Please contact us to learn which developments bring the most profit till the completion.

Prefabricated Housing in Istanbul

Prefabricated Housing Solutions in Istanbul For Middle Income Land Owners !

Nowadays, the land owners are offered a very practical way of owning property on their currents lands as fast as possible. Starting from 18.000€ for a 100m2 detached flat , the producer has been offering also dublex options with 150m2 for 30.000€. May be the best way to own a house in Istanbul is to buy a land first in a nice location and then get your own prefabricated house in a month time.  Its also guaranteed that the properties are heating and waterproofed.