Yeşil İnşaat, a top player in the construction sector of Turkey is introducing Innovida 1, a modern, one of a kind residential community in the Beylikdüzü Ezenyurt region of Istanbul.
Innovida will be a 1,000 unit residential development located 30km’s outside the center of Istanbul due to complete in December 2010. Close to airports, universities and the coast, the location of this development will be a star attraction to bulk-buy investors with a capital gains or high rental yield strategy.
Read the rest of this entry »
Turkey’s Land Registry figures show a piping hot market right now with over 74,000 foreign property owners in the country. Out of these, more than 20,500 are British. Considering British pensions and how they can easily supply a lifestyle in Turkey it is no wonder many Brits flock to the sun.
Although Turkey is behind the established property spots like Spain and France in terms of buyers, the country has morphed from being an emerging market for adventurous buyers to being listed in the top ten most popular destinations pretty much as a standard.
With the lift of the Turkish investor ban on May 1st this year, noting will hold property investors back from finding their own Turkish piece of real estate.
Read the rest of this entry »
Judging by this years Formula 1 events so far, the boys in red are in top form with yet another win over the weekend in Istanbul.
Felipe Massa won his second race this year, out of 5 races so far and Kimi Raikkonen collected another 6 points for his team coming third. While Lewis Hamilton was forced to deal with a three stop tyre change due to last years dramatic tyre failure during the Turkey Grand Prix, it made it hard for him to beat the red team fair and square, but he still took home second place which is considerably impressive given his extra stop.
Kimi Raikkonen had his own fair share of action when he and his compatriot Keikki Kovalainen had a run in on the very first corner. It resulted in a tyre puncture for Kovalainen and a broken front wing for Raikkonen which he carried all the way through the race.
The end result was another clear win for Ferrari:
- Felipe Massa (Ferrari)
- Lewis Hamilton (McLaren-Mercedes)
- Kimi Raikkonen (Ferrari)
If you missed out on our former property grand prix posts, here they are again.
The Istanbul property front is sizzling hot!
As you probably know by now, the ban on foreign property investment in Turkey has now been lifted which will allow investors to see Turkey as a real playing field again.
With an estimated tourism influx of some 28 million this year, the property market in Turkey is considered very favourable amongst investors and Realtors alike.
Read the rest of this entry »
Back in April we blogged about the temporary halt on the sale of Turkish property to foriegners by a Turkish Constitutional Court ruling. The ban of the title deed act named Tapu has now been lifted by a new court ruling on May 1st.
The deed system change will be effective within the next few weeks once the official gazette will publish the news. What prompted this action was a constitutional rights contrary that affected article 35 of the Tapu title deed act.
Contrary to popular belief, the issue itself had nothing to do with whether foreigners were allowed to purchase property and land in Turkey, but more so with the size of land that could be bought according to the government.
Read the rest of this entry »
Thursday, July 17th, 2008 
Posted by OP-Mall in Istanbul Property, Property Reviews, Turkish Property
