Early economic and tourism indicators point to a bounce-back in Turkey

Early economic and tourism indicators point to a bounce-back in Turkey

Turkey United Kingdom

A buoyant property market combined with bullish economy, weak currency and rebounding tourism industry are creating attractive conditions for foreigners who invest in Turkey this year, said Spot Blue International Property in March.

Here  Spot Blue International Property outlines five key reasons the outlook is positive for homeowners and the housing market in Turkey in 2018:

Turkish property sales to foreigners increased 25.7 per cent in January compared to the same month in 2017, according to Turkish Statistics Institute (TÜİK). During that month, 97,000 properties were sold in total across the country representing a slight year-on-year increase, with 1,742 of these bought by foreigners. Istanbul remains the top destination for foreign property-buyers, attracting 545 sales in January, with the Mediterranean resort of Antalya second favourite (424). Foreign sales in Turkey are spearheaded by investors from the Gulf countries, with Russians and European buyers behind them. This upward trend is predicted to continue.

Turkey’s economy is growing faster than any other G20 country, according to the most recent Turkish Statistical Institute data for the 3rd quarter of 2017, which saw the country record GDP of 11.1 per cent. Meanwhile, among other G20 countries, China registered 6.8 per cent growth during this period and India 6.3 per cent growth.

Turkey is bouncing back as one of the world’s most popular tourist destinations. In the first month of 2018 the number of foreign visitors to Turkey rose 38.48 per cent compared to January 2017, which saw a 9.8 per cent drop. Turkey is anticipating a record total of 38 million tourists this year, compared to 32.4 million last year, according to the country’s Culture and Tourism Minister Numan Kurtulmus. Positive signs include European tour operators, including Thomson and Thomas Cook, increasing their capacity for packages to Turkish resorts this year, while the German and Russian markets are expected to be especially strong too. Kusadasi, which receives cruise ships and with its lively town and sandy beaches is a popular second home destination, in particular should benefit from the growing tourism levels. The Turkish Government remains determined to hit its target of 50 million tourists a year by 2023. To help achieve this, it is continuing to offer cash incentives to charter airlines that bring tourists to the country and implement measures to facilitate hotels renewing land leases.

Turkey’s airlift capability continues to rise year-on-year, as does the country’s role as a hub connecting East and West. In January this year, the number of passengers passing through the country’s leading airports increased 29 per cent year-on-year to 14.74 million passengers, compared to 11.47 million last year (Anna Aero). If this rate of growth is maintained, Turkey could expect to handle around 230 million passengers in 2018. Last year 192.34 million passengers travelled through Turkey’s leading airports, a rise of around 11 per cent on 2016 and a new record. Meanwhile, the global aviation industry will be focusing on Istanbul later this year when the city’s new airport, expected to be the largest in the world, is scheduled to open in October, becoming the new operational centre for the national carrier Turkish Airlines.

Turkey’s currency, the Turkish Lira, continues to fall against leading currencies, including Sterling, the dollar and euro. This makes day-to-day living increasingly affordable to foreign residents or tourists with income or funds in a foreign currency. The Post Office’s recently published Worldwide Holiday Costs Barometer ranks Turkey as the seventh cheapest destination anywhere in the world and fifth cheapest in Europe to enjoy a holiday. 

For further information about buying or selling property in Turkey please contact:

Spot Blue International Property

Tel: +44 (0)20 8339 6036    

Email: info@spotblue.com 

Website: www.spotblue.com and InternationalPropertyForSale.com

Property buyers flex their dollars as sterling approaches pre-Brexit levels

Property buyers flex their dollars as sterling approaches pre-Brexit levels

Turkey United Kingdom United States World
  • Pound passed $1.40 mark in February for first time since Brexit referendum (xe.com)
  • Turkish property buyers benefitting from the pound’s rise against the dollar (Spot Blue)
  • US & Caribbean properties proving particularly hot right now (InternationalPropertyForSale.com)

Over the past month, the pound’s value against the dollar has edged significantly closer to pre-Brexit levels.

February saw a high of $1.42, while at the time of writing the pound’s value stands at $1.37 (xe.com). While it may not have returned to the heady $1.49 that it was on the day of the Brexit referendum, the pound’s steady climb is excellent news for anyone with an eye on an overseas property.

A British buyer with £100,000 to spend will today have a budget of $137,000. This time last year, they would have had just $122,000. A buyer whose £1 million a year ago would have given them $1,220,000 will now have $1,370,000 to play with. Naturally, buyers of US and Caribbean dollar properties are delighted, but it’s also great news for those buying closer to home.

Buyers purchasing homes in Turkey aren’t limited to conducting their transactions in lira or euros – they can also pay in dollars. Given the pound’s steady climb against the dollar, and its recent passing of the $1.40 mark for the first time since the Brexit referendum, this has opened up the Turkish market to British and international buyers looking to get maximum value from their overseas property purchase. In short, it’s a great time to buy. 

Julian Walker, MD, Spot Blue International Property

Award-winning Turkey property specialists Spot Blue are seeing sterling’s rise positively impact buyers of Turkish property in dollars at both ends of the price spectrum.

Turkish properties offer exceptional value at present; $151,206 is sufficient for a three-bedroom villa with communal pool just 7km from the coast. Meanwhile those with more to spend can enjoy serious luxury, with this six-bedroom, five-bathroom ultra-contemporary eco villa with private pool, priced at just $2,214,927.

The Turkish property market certainly seems to be benefitting. According to the Turkish Statistical Institute, sales there increased by 1.7% in January 2018 when compared to January 2017.

The more traditional dollar-purchase locations of the US and the Caribbean also now offer British buyers more for their money. A spacious three-bedroom apartment in Orlando, with huge communal pool and landscaped gardens can be snapped up for just $134,900 through InternationalPropertyForSale.com. Over in Barbados, a lavish three-bedroom villa with sun terrace, private pool and garden costs just $850,000.

It’s a fantastic time for those interested in US property to see how far their pounds will stretch at the moment. The ups and downs of the Brexit process are far from over, but we’ve seen a steady increase in the pound’s value against the dollar over the past year, which has put British buyers in a much stronger position and made US and Caribbean properties far more appealing in terms of their price tags. 

Julian Walker, MD, Spot Blue International Property 

For further information about buying or selling property in Turkey, the US and the Caribbean please contact: 

Spot Blue International Property

Tel: +44 (0)20 8339 6036    

Email: info@spotblue.com 

Website: www.spotblue.com and InternationalPropertyForSale.com


Notes to Editors:

Spot Blue International Property is one of the UK’s leading Turkish property agencies, with hundreds of properties regularly listed and updated on its website, www.spotblue.com. As well as helping developers promote their projects to the UK and other foreign markets, www.spotblue.com features properties for sale by private individuals. Spot Blue only promotes property of developers that pass its due diligence assessment. It also specialises in matching buyers with suitable properties and operates in all major resorts in Turkey. The company’s high profile in the UK means it is regularly quoted in the national press and invited to appear on panels at leading seminars and exhibitions.

InternationalPropertyForSale.com is owned by Spot Blue International Property, one of the UK’s leading international property specialists that markets hundreds of properties around the world across its portfolio of websites, which includes Turkish property site SpotBlue.com. As well as helping developers promote their projects to the UK and other foreign markets, www.spotblue.com features properties for sale by private individuals. Spot Blue International Property only promotes property of developers that pass its due diligence assessment. The company’s high profile in the UK means it is regularly quoted in the national press and invited to appear on panels at leading seminars and exhibitions.

Why Turkey’s Kusadasi Should Be on Foreign Buyers’ Radar in 2018

Why Turkey’s Kusadasi Should Be on Foreign Buyers’ Radar in 2018

Turkey United Kingdom

Affordable new developments are helping to make the resort of Kusadasi one of Turkey’s most exciting holiday home destinations in 2018, said Spot Blue International Property in February, adding that recent uplifts in tourism and foreign property sales should boost the country’s appeal with foreigners this year.

House-hunters in Kusadasi, home to the Mediterranean’s fourth largest cruise port and one of Turkey’s largest marinas, are being encouraged to explore beyond the centre of the resort and consider the up-and-coming areas of Degirmendere and Davutlar.
Situated south-east of the centre, on the inland side of the main road that runs through Kusadasi, the former is a neighbourhood that is the focus of much new development. Meanwhile, Davutlar is a less village situated a short drive south of Kusadasi.

“Development outside the centre of Kusadasi is beginning to gain momentum and creep into Degirmendere, now regarded as the resort’s investment hot spot,” said Julian Walker, director at Spot Blue International Property. “Certainly, it’s quieter there but localised areas within the neighbourhood, including Guzellikici, are within walking distance of the beach and amenities, and still not far from the resort’s lively waterfront. Being that little bit further out makes them more affordable too, at least for now – early purchasers could see the value of their property rise.”

Typical of what’s available in Degirmendere, Spot Blue International Property is offering two and three-bedroom apartments within gated complexes, available as off-plan or new-build, with prices from £59,500.

Buyers who prefer a more natural, less touristy setting might prefer Davutlar, nestled amongst fruit and olive groves beneath the Dilek Mountains 15-20 minutes’ drive from the bright lights of Kusadasi. The village is famous for its natural thermal springs, rich green scenery and famously clean air. Historically a popular second home destination with Turkish city dwellers, the small complexes of semi-detached houses and villas being built there are beginning to attract foreigners. Proximity to the Dilek Peninsula National Park, which includes some of Turkey’s prettiest unspoilt beaches, is a further attraction of the area. Spot Blue International Property has property in Davutlar, both new-build and off-plan, from £99,500.

“As an all-round destination, Kusadasi and its surrounding villages is hard to beat,” continued Mr Walker. “Besides its colourful town centre and globally acclaimed maritime facilities, it has kilometres of sandy beachfront, which includes the famous Ladies Beach, lots of history, most notably the nearby UNESCO-designated Ephesus ruins, three world-class water parks and at least one golf resort. Transport is excellent too, with Izmir Airport being just an hour’s drive away via a motorway and Bodrum Airport an hour and 45 minutes. Meanwhile, there are regular ferries to the Greek islands of Samos and Patmos.”

For further information about buying or selling property in Turkey through Spot Blue, please contact:

Spot Blue International Property
Tel: +44 (0)20 8339 6036    
Email: info@spotblue.com 
Website: www.spotblue.com

About Spot Blue International Property
Spot Blue International Property is one of the UK’s leading Turkish property agencies, with hundreds of properties regularly listed and updated on its website, www.spotblue.com. As well as helping developers promote their projects to the UK and other foreign markets, www.spotblue.com features properties for sale by private individuals. Spot Blue only promotes property of developers that pass its due diligence assessment. It also specialises in matching buyers with suitable properties and operates in all major resorts in Turkey. The company’s high profile in the UK means it is regularly quoted in the national press and invited to appear on panels at leading seminars and exhibitions.

Sales to Foreign Property Buyers in Turkey Increase by 22%

Sales to Foreign Property Buyers in Turkey Increase by 22%


The Turkish Statistical Institute Turk Stat have published their 2017 report of foreign property buyers in Turkey.

It reveals a colourful variety of nationalities bought a total of 22,234 homes reflecting an increase of 22.2% year on year.

The improved stats are most likely the results of a favourable exchange rate as well as a variety of incentives by the Turkish government to attract foreigners to their real estate market.

In January 2017, the Official Turkish Gazette published a decree offering citizenship to any foreigner buying property worth 1 million USD or more.

The following month, Turkish parliament passed a law that enabled foreigners investing in the property market of Turkey to be exempt from value-added-tax. Conditions included making the purchase in a foreign currency and keeping the new property for at least a year. The law also applied to Turks who lived and worked abroad for more than 6 consecutive months.

Most Popular Districts for Foreign Property Buyers in Turkey

Stats show Istanbul as the most popular district for house sales to foreigners with a total of 8,182 homes sold. The city, the largest and busiest in Turkey is currently undergoing a construction boom with many skyscraper projects on the market.

“Offering a wide range of social community features such as swimming pools, landscaped gardens and onsite fitness gyms, prices starting at an average of £55,000 are proving to be a huge hit. The outskirts and surrounding districts of Istanbul are also climbing in popularity as buyers are lured by lower property prices but with all the benefits of city living close by.”

Julian Walker, MD, Spot Blue

The Mediterranean district of Antalya followed by 4707 house sales to foreigners. Consisting of the smaller coastal resorts of Side, Alanya, Kemer, Belek, Kas, Kalkan and the main city centre, Antalya is particularly popular with Russians, Germans and Brits, of which many live permanently in the area as retired expats.

Once again, the districts of Bursa (1474) and Yalova (1079) are slowly climbing up the ranks. Despite being latecomers to the market appealing to foreign property buyers, the historical value, as well as beautiful landscapes, are especially popular with Middle Eastern nationalities who find many similarities between cultures.

Foreign property buyers in Turkey

The top buying nationality was Iraqis with a total of 3805 houses. Saudi Arabians closely followed with 3345 house sales. The nationality taking third was Kuwait with 1691 sales.

British buyers bought a total of 794 homes in Turkey. Despite getting off to a shaky start in the first two months of the year with just 77 sales, business picked up and climbed to its peak in September with 103 sales for that month alone.

General trends show British buyers tend to stick to the Aegean and Mediterranean coasts in resorts such as Didim, Fethiye, Bodrum and Kalkan.

Predictions for 2018

Expert insiders are predicting a rebound for both the tourism and foreign Turkish real estate market in 2018. The government spent most of 2017 clamping down on terrorism, and the lack of attacks is seeing a return in confidence for both sectors.

British airlines have massively increased their seat capacity between the two countries and a favourable exchange rate, as well as a surpass supply of new, modern homes offer ideal conditions for foreign property buyers in Turkey.


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Top 10 hottest homes perfect for a winter escape

Top 10 hottest homes perfect for a winter escape

Spain Thailand Turkey United States , ,

As freezing weather grips the country with recent snowfalls across UK, it’s time to escape somewhere warmer. There are plenty of winter sun destinations easily accessible for Brits such as Spain, Turkey or the USA being the obvious choices but there are some more exotic options available too.

To help, here is a selection of the 10 hottest homes on offer this winter – whether you are looking to invest into a luxury villa outside Europe or buy a second home in a jet-lag-free Mediterranean destination, we have it all!

  1. Marina Golf, Mallorca (Spain)


A7_Marina Golf Garden 2

The residential complex, developed by Taylor Wimpey España, has spacious 3 and 4 townhouses with private terraces and gardens surrounded by a solarium area with views over the Santa Ponsa golf course. It is in one the island’s most exclusive and in-demand areas. Prices start from €549.000 +VAT.

       2. Fort Lauderdale, Florida (USA)


Available through InternationalPropertyForSale.com investors can get these well-designed beachfront residences that boast a rich array of indoor and outdoor amenities such as a world-class spa. With its floor-to-ceiling windows offering breath-taking views over Atlantic Ocean and more, the properties have wonderful features. Prices start from £1,041,724.

         3. Fumba Town, Zanzibar (Tanzania)

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Exclusive to investment agency Property Frontiers, Fumba Town is a brand-new development of villas and apartments offering breath-taking sea views. Located close to the centre, the property offers the chance for residents to completely emerge within the paradisiac lifestyle on this African beach heaven. Prices start from £123,000.

         4. La Vila Paradis, Costa Blanca (Spain)


With this development, Taylor Wimpey España gives the chance for residents to feel proud about living in an enviable beachfront location in Villajoysa. The 2 and 3 apartments are built to an excellent standard and include swimming pools, beautiful gardens and direct access to Paraiso beach. Prices start from €269,000 + VAT.

        5. Westmoreland, St James (Barbados)


Elegant townhouse villas are available through InternationalPropertyForSale.com on Barbados’ stunning west coast benefitting from an all year-round tropical climate. Within this exclusive 5-bedroom development, each property has the option for a sun terrace with access to swimming pool, spacious rooms and other first-class features. Prices start from £1,085,909.

        6. Becyk Villas, Antalya (Turkey)


This beautiful development, available through Spot Blue, is comprised of 2 bedrooms villas with large private terraces well situated within a relaxed mountainous environment. All villas are built in a traditional Turkish holiday home style and the time difference of just 3 hours make up for the 6-hour flight. Prices start from £69,000.

       7. La Floresta Sur, Costa del Sol (Spain)

Taylor Wimpey 39

This Taylor Wimpey España residential development is unique as it is surrounded by a striking natural biosphere reserve by UNESCO in Marbella. Owners at La Floresta Sur will live in a healthy environment with better breathing, access to pure water and lots of trees for natural beauty. Prices start from €192,000 + VAT.

         8. The Peak Towers, Pattaya (Thailand)


With this new 30 floor residential building located within a premium beach area, Property Frontiers is offering investors an excellent opportunity to expand their portfolio internationally. Residents will enjoy the Thai lifestyle living in a perfect environment to soak up on some warm tropical sun during winter.  Prices start from £60,617.

           9. Tamarin, Mauritius


Also available through InternationalPropertyForSale.co, this development of 25 apartments and penthouses, situated on the beautiful beach of Tamarin on the west coast of Mauritius, is surrounded by sea and mountain views. The properties are eco-friendly and have been designed modern and elegant featuring comfortable living experience. Prices start from £674,082.

           10. Acquamarina, Mallorca (Spain)


With coastal properties always in high demand, Taylor Wimpey España has unveiled the brand-new development Acquamarina which offers 2 bedroom apartments designed with pure Mediterranean style architecture, where the predominant colour is white. Prices from £214,000.

International estate agent makes buying and selling in Turkey easy for one British couple

International estate agent makes buying and selling in Turkey easy for one British couple

Turkey United Kingdom World

A British couple have been rewarded for their loyalty to Spot Blue International Property after the international estate agent found buyers for their villa in Turkey eight years after finding them the perfect plot for the property.

David and Barbara Barber from Northern Ireland completed the sale of their villa, located in the Calis area of Fethiye, in August 2017, having accepted an offer of just under £400,000 through Spot Blue International Property in May.


“We sold to another British couple,” said Mr Barber, “which meant we could agree a price in Sterling and avoid any exposure to exchange rates. The buyers especially liked the size and design of the property, and the tastefully done interior. We sold fully furnished with lots of bespoke local furniture.”

Back in 2009, Spot Blue International Property helped the Barbers create their dream holiday villa in Turkey by finding and selling them its 1,000-square-metre plot. The couple then employed an award-winning Turkish architect to design the 220-square-metre property. It included five en-suite bedrooms – four with balconies, a spacious open-plan living area with central burner, gallery windows and lots of natural light.

“We went the self-build route because we couldn’t find any existing properties in Calis that we actually liked,” continued Mr Barber. “We chose Spot Blue to help us find a plot as we knew they were an experienced, knowledgeable agency who would guide us through the Turkish buying process. They helped us back then, so it made sense to go back to them when we came to sell.”

“We could tell that Spot Blue’s agent on the ground, who did viewings for us, had been in Turkey for years and really knew the lay of the land and how things work there. He was very helpful, communicating with us throughout the sales process and giving us feedback after each viewing. We took their advice and appointed power of attorney to a local lawyer, who could act on our behalf during the sale. We were in Turkey for the day of completion and found everything happened very smoothly.”

The Barbers’ reason for selling in Turkey was twofold: their two adult children have flown the nest so they visit less as a family and there are now fewer flights to Dalaman from Belfast. However, the couple won’t stop visiting Fethiye.

Concludes Mr Barber: “We love the area and still have friends there, so at some point will return there for holidays. We really enjoyed having a home there but circumstances meant it was time to sell.”

British buyers are especially fond of Calis, where recent infrastructure upgrades include a linking of its beachfront promenade with Fethiye’s promenade. Calis’s location just 50 minutes from Dalaman Airport, 15 minutes from the centre of Fethiye, 25 minutes from the famous Ölüdeniz lagoon and 30 minutes from the upmarket marina resort of Göcek add to its international appeal.


For more information, call +44 (0) 208 339 6036 or visit www.spotblue.com.

Why Britons’ hunger for Turkey is returning in 2017

Why Britons’ hunger for Turkey is returning in 2017

Turkey Uncategorized

Britons are helping to drive Turkey’s tourism and resurging foreign property market this year, with the country celebrating a 22 per cent year-on-year hike in the number of foreigners it welcomed in the first seven months of 2017, said Spot Blue International Property in September.

In July alone, the number of foreign tourists visiting Turkey surpassed five million, representing a 46 per cent year-on-year increase, according to the country’s Ministry of Culture and Tourism. Of these tourists, Britons comprised the third largest group (277,955), after Germans (680,616) and Russians (835,525).

Between January and July, Turkey attracted 17.3 million foreign visitors. During this period, the Antalya province was a star performer, recording a 60 per cent rise in tourist numbers, according to Turkey’s Culture and Tourism Minister Numan Kurtulmuş.

“The signs are very encouraging after the downturn last year,” said Julian Walker, director at Spot Blue International Property. “Foreign visitors, but in particular Europeans, are regaining the confidence to visit Turkey. And the Turkish Government remains determined to hit its annual target of receiving 50 million tourists and generating $50 billion through tourism by 2023. ”

In tandem with tourism, Turkey’s foreign property market is seeing an uplift in 2017, according to the most recent statistics from the Turkish Statistical Institute (TÜİK). Sales to foreigners rose 65.3 per cent in July compared to the same month last year, mirroring a hike in sales in Turkey’s domestic market.

TÜİK’s July figures reveal Britons as the fifth largest group of foreign buyers in Turkey, behind the Gulf States of IraqSaudi Arabia and Kuwait, and Russia. Looking closer at the data, Istanbul remains the most popular destination with foreign purchasers, attracting nearly 31 per cent of all sales in July. The southern resort and province of Antalya was the second favourite, followed by the Black Sea province of Trabzon. Elsewhere, the Muğla province, which includes Bodrum and Fethiye, remains a favourite with British buyers.

Antalya’s established resorts on the Mediterranean coastline, which include Antalya city, AlanyaBelekSide and Kalkan, is on course to attract more than 10 million tourists this year. Antalya’s Governor Münir Karaloğlu confirmed that already by mid-August, tourism numbers for the year has reached 6.5 million, which represented a 65 per cent th

rise compared to the same period in 2016.

“Turkey can look forward to further upticks in tourism next year, thanks to efforts to appeal to Chinese visitors,” added Mr Walker. “A joint campaign between the Chinese and Turkish governments aims to attract one million Chinese tourists annually by 2018, a year that China has declared ‘Turkey tourism year’. The two governments have also collaborated to increase flights between the countries. Overall, these are encouraging initiatives that should benefit the country and its property market. And it helps when famous people choose Turkey for their summer holidays, as Boris Johnson, the British Foreign Secretary, and the Saudi royal family did this year.”


For more information, call +44 (0) 208 339 6036 or visit https://www.spotblue.com/.

England wins Euro 2016 real estate cup

England wins Euro 2016 real estate cup

France Spain Turkey United Kingdom
  • Turkey tops house price growth in Europe
  • Spain leads foreign buyer demand
  • Spain, England, Turkey and France go through to semi-finals
  • England beats France thanks to rising property values

They may not be the favourites to win Euro 2016, but when it comes to real estate, this is England’s year. Property portal TheMoveChannel.com pitted the housing markets of the 24 countries against each other in a property tournament to end all property tournaments.

The site compared each country across three key categories: house price growth in the 12 months to Q1 2016, using Knight Frank’s Global House Price Index, the number of properties listed for sale on the international site, and demand from investors, measured by the number of enquiries from buyers on TheMoveChannel.com in the 12 months to June 2016.

Combined, the factors give a rounded portrait of a country’s property market, from overall health to investment potential.

Click here to see the full infographic.

Turkey tops house price table

In terms of house prices, Turkey’s property market is number one in Europe. According to Knight Frank’s Global House Price Index, the country has seen property values soar 15.3 per cent in the year to Q1 2016, ahead of Sweden (12.9 per cent) and Austria (7.6 per cent).

Turkey has enjoyed the strongest house price growth in the world for the last three quarters in a row, fuelled by the country’s rapidly growing population, ongoing infrastructure development and high demand.

Spain leads foreign investment league

Spain is the most popular destination in Europe for foreign buyers, attracting the highest number of enquiries on TheMoveChannel.com in the year to 2016. It is followed by investor favourites Portugal, France, Turkey and Italy. Italy is also the country with the most properties for sale on the site as of June 2016, ahead of England, Spain, France and Portugal.

Quarter-Finals: Battle of the holiday home hotspots

Following the format of the Euro 2016 tournament, the categories were used to determine the top performers from each group, before progressing through the knockout stages of the competition.

In the quarter-finals, Spain slipped past Switzerland through sheer force of buyer demand; England advanced over Portugal due to stronger price growth and a higher inventory of homes for sale; Turkey triumphed over Germany, thanks to its unbeatable house price growth; and France flew past Austria, boosted by its lifestyle appeal.

Semi-Finals: Familiar favourites triumph

While Spain is the most popular destination in Europe on TheMoveChannel.com, England edged past its continental cousin, powered by its stronger house price growth (5.3 per cent versus 2.4 per cent) and a higher number of properties for sale, making it easier for investors to find an opportunity.

France’s house price growth may be low compared to Turkey’s (0.5 per cent versus 15.3 per cent), but with French mortgage rates at record lows, demand for the country’s real estate is hard to match, with France receiving 27 per cent more enquiries in the year to June 2016.

Final: England knocks out France

England’s housing market puts 50 years of hurt to rest with a victory over the Euro 2016 hosts. Due to a chronic lack of supply, England’s property values have been accelerating for some time. In the 12 months to June 2016, prices have risen 5.3 per cent, according to Knight Frank, compared to France’s 0.5 per cent. England also has more properties for sale. France, however, scores a consolation goal with a higher level of buyer interest, primarily because of people searching for property in the UK in general, instead of specifically in England.


Notes to Editors

About Lead Galaxy and TheMoveChannel.com

Founded in 1999, www.TheMoveChannel.com is the leading independent website for international property, with more than 1.4 million listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

TheMoveChannel.com is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.

The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.


Do you need comment or statistics for an international real estate article? Our experienced editorial team and management are happy to collate data, provide example properties, or offer insightful comment to support your publication.

Please contact Ivan Radford on ivan.radford@themovechannel.com or +44 (0)207 952 7221


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Turkish Airlines expand in Saudi Arabia as its citizens seek out Turkey’s thriving property market

Turkish Airlines expand in Saudi Arabia as its citizens seek out Turkey’s thriving property market

  • Turkish Airlines launch new weekly flights to Jeddah, Riyadh and Medina in Saudi Arabia
  • Saudi buyers account for 9.5% of all Turkish property purchases to overseas citizens in March (TURKSTAT)
  • New flight routes make Turkey, and Istanbul, far more accessible to Saudi buyers and more desirable as a property investment location (Universal21)

Turkish Airlines, winner of the best airline in Europe award for the fifth consecutive year and ranked 4th best in the world at the 2015 Skytrax World Airline Awards, is planning to grow its global capacity by 21% in 2016. Building upon its spectacular growth of the last decade, the airline will expand its fleet from 299 aircraft at the end of 2015 to 339 by the end of 2016. As it increases its international presence, the airline is focused on its offering in the Middle East and has revealed plans to expand further in Saudi Arabia.

Currently, Turkish Airlines is operating in seven destinations in Saudi Arabia including Jeddah, Riyadh, Madinah, Dammam, Yanbu, Taif and Al Qassim. The airline recently launched seven weekly flights from Istanbul’s Sabiha Gokcen Airport to Jeddah and Riyadh and four weekly flights to Medina.

Turkish Airlines Jeddah General Manager Muhammed Bilal Doner commented that “New destinations are in the offing and the airline will very soon start operating direct flights to Trabzon (TZX) and Ankara (ESB) from Jeddah (JED), Riyadh (RUH) and Madinah (MED).” Turkish Airlines started its operations in Jeddah 37 years ago in 1979. Doner continued,

“Since [then] we have succeeded in inaugurated 6 more destinations and achieved tremendous growth over the years, distinguished by the services and products offered to our customers. All these developments are indicating the importance we attribute to the Saudi Arabian market and… we are seeking to inaugurate other destinations in the Kingdom.”

According to TurkStat’s most recent figures, buyers from Saudi Arabia accounted for 9.5% of all March’s property purchases to overseas citizens. Beaten only by Iraqi nationals who purchased 15.3%, Saudi Arabian investors remain a dominant nationality in Turkish property with a growing number of them looking to the city of Istanbul and its active housing market. TurkStat confirms Istanbul’s title as the favourite province for overseas buyers, accounting for 36.56% of all sales in March.

Adil Yaman, Director of Universal 21, the largest management company based in Istanbul, is confident in Turkey’s relationship with Saudi Arabia and the growing level of interest in Istanbul’s thriving property market. He explains,

“As one of our key client nationalities, we speak with potential investors from Saudi Arabia on a regular basis and would expect their interest in Istanbul’s housing market to continue to grow throughout this year. The new increase in flight routes make Turkey, and Istanbul especially, far more accessible to Saudi buyers and therefore even more desirable as a property investment location.”

One of Universal21’s most recently completed projects is Crest Plaza Residence. Situated in the Beylikdüzü district of Istanbul, Crest Plaza Residence is well-located for both transport links and amenities, with the beach just a ten-minute drive away and Istanbul’s Ataturk airport only a 20 minute drive away.

Formed of only two blocks of 11 floors and a total of 199 apartments, Crest Plaza Residence boasts a wide range of facilities including fitness centre, swimming pool, Turkish bath, steam room, sauna, health club, cinema room, meeting room, BBQ terrace, games room, library and children’s playground.

Starting at £60,000 with an easy payment plan there is a range of spacious one, two and three bedroom duplex penthouse apartments available. All either overlook the landscaped gardens or the newly appointed park soon to be completed and the project also has the benefit of 24-hour security.

For more information about Universal21, visit www.universal21.com or call 0203 287 8700.

Holiday homes are pushing the boundaries of Europe – in more ways than one!

Holiday homes are pushing the boundaries of Europe – in more ways than one!

Turkey World ,
  • Turn to Turkey to enjoy Europe without worrying about a Brexit (Universal 21)
  • Brexit debate is impacting on overseas property purchases (easyMarkets)
  • Smart homes and eco villas push the boundaries of real estate in Istanbul (Universal 21)

Everywhere you turn in the UK right now there’s talk of the potential impact that a Brexit could have, if the nation votes to leave the EU on 23 June. The debate has touched upon everything from the single market to travel restrictions, including the impact on those buying second homes overseas.

Nikolas Xenofontos, Director of Risk Management at global broker easyMarkets, recently observed that,

“The Brexit debate is already influencing those thinking about buying property overseas, leading many of those considering purchasing a holiday home in Europe to pause their plans temporarily, pending the outcome of the referendum. Should the UK vote to leave the EU, this temporary pause may well turn into a longer period of uncertainty for those wanting a second home in Europe. Buying a holiday house that you plan to retire to one day becomes less attractive when you don’t know what the restrictions on living there might be in a few years’ time!”

The solution, according to Universal 21, is to buy a home in Istanbul. Istanbul’s largest management company, Universal 21 offers select apartments for sale in Istanbul, including luxury eco-friendly villas.

Istanbul is the only city in the world that spans more than one continent. Divided by the Bosphorus strait, the city sits in both Europe and Asia. It’s a heady mixture that has fascinated visitors for centuries. It’s also a fantastic solution for those looking to buy a second home outside of the EU, but also maintain easy access to Europe.

Istanbul’s homes don’t just push geographical boundaries. They also offer some of the world’s smartest and most eco-friendly residences. At Oceanic Bay View, concave roofs collect rainwater for reuse (the water is collected in a giant tank under the inner garden), electricity is generated through solar panels and a wind turbine (saving up to 60% in electricity consumption annually) and the entire villa’s systems can be controlled by computer or smartphone. Luxury is built into every element, from the Jacuzzi and sauna to the cinema room, staff quarters and organic winter garden.

If a luxury villa isn’t quite within budget, then Concept 21 offers an excellent alternative. Completed in 2015, the seven star resort offers contemporary two, three and four bedroom apartments centred around delightful landscaped gardens and an expansive outdoor pool area. The development comes complete with a host of amenities, including a cinema, children’s playground, basketball court, volleyball court, five a side football pitch, gym/fitness area, sauna, hamam, steam room, indoor pools and spa/massage area.

In these uncertain times, Turkey’s luxury property market offers some incredibly interesting options to those looking to bypass the whole Brexit debate and move forward with purchasing their dream home overseas.

For more information please contact:

easyMarkets: +44 203 1500 74 or www.easymarkets.com

Universal21: 0203 287 8700 or visit www.universal21.com


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