Emerging Markets
Istanbul Shopping Fest Aims For New Highs…
Turkish actors launched the Istanbul Shopping Festival (ISF) yesterday in Dubai as Turkey hopes to attract thousands of UAE residents this summer. Last year shoppers spent 8 billion Turkish lira (Dh16.7bn) in 40 days at the festival and the organisers hope to achieve sales of 7bn lira this year in just 21 days. The ISF hosted 5 [...]
Read More >>Furnished or Unfurnished Istanbul Property?
There is often debate over whether or not an investment property in Istanbul should be supplied as furnished or unfurnished. Whether it is Istanbul or any other city in Europe, this really depends on the type of tenant you are aiming to attract. Most Istanbul rental properties are let unfurnished, however those properties that are furnished [...]
Read More >>Top 5 Overseas Locations- Property Abroad
Gem Invest specialises in overseas property investments in secure and growing economies. Here we take a look at the latest poll on overseas investment destinations provided by Property Abroad. 1. Istanbul: This Turkish city was rated as a top city for real estate development and acquisition last year by PriceWaterHouseCoopers. The Eurozone turmoil is not expected [...]
Read More >>Finding a Safe Rewarding Property Investment in 2012
Private overseas property investors are still weighing heavily on safety and security of the purchase, but as the Eurozone crumbles and inflation rises in the likes of the UK, shrinking the value of cash quicker than the abysmal interest rates can increase it, what is safe? During the boom it was all about the returns. [...]
Read More >>Istanbul Versus the Bank
Gem Invest, (Global Emerging Markets) the overseas property professionals know that there is an ongoing debate regarding money in the bank versus property in Istanbul. There is volumes of information to read on overseas property. One common thread is that investing in overseas property is better than money in the bank. Money in the bank has [...]
Read More >>House prices climb in Turkey
The cost of buying residential real estate in Turkey increased during February, climbing by 0.78 per cent overall compared to January. In its monthly property price index, REIDIN.com revealed Antalya experienced the biggest rises, with the value of existing homes up by 1.11 per cent. Adana and Izmir also recorded hikes of more than one per cent [...]
Read More >>Sustainable Energy Companies Under Scrutiny Again
Sustainable Agroenergy Plc and Sustainable Wealth Investments UK Ltd The Serious Fraud Office is investigating the activities of Sustainable Agroenergy Plc and Sustainable Wealth Investments UK Ltd and associated companies in connection with selling ‘bio-fuel’ investment products involving Jatropha tree plantations in South East Asia. Case update as at 1 March 2012 On 23 February [...]
Read More >>The Rising Cost Of A Night In Istanbul
The rising cost of a night in Istanbul THE cost of a hotel room in Istanbul has risen by 37% in the past year, according to the latest worldwide survey by Hogg Robinson Group (HRG). The rise is a notable 25%. HRG suggests two reasons for the change: Istanbul’s growing appeal as a business centre, and the [...]
Read More >>Istanbul… City of Change
Istanbul, whose name derives from the Greek for “to the city,” is home to nearly 20 percent of the 75 million people in Turkey, compressing and magnifying the swirl of a democracy in progress with a Western outlook. It is the engine and the envoy for a country that wants to be a force in [...]
Read More >>Turkey’s unemployment rate decreases again
Turkey’s unemployment rate decreased by 2.1 points in 2011 compared to the previous year, dropping to an overall 9.8 percent, according to Anatolia News Agency. The current unemployment rate in urban areas is 11.9 percent and 5.8 percent in rural areas. In terms of unemployed individuals, the number has dropped by 431,000, going from 3,046,000 [...]
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