A recent poll, carried out by Öger Tours, reveals that the all-inclusive system is the main reason why German tourists prefer to spend their holiday in Turkey. The result of the poll confirms that a younger generation in Germany sees Turkey as a holiday destination. 'This fact will make Germany an important potential market for Turkish tourism in the long term,' says Öger Tours General Manager Recep Yavuz
ANTALYA - Anatolia News Agency
A recent poll of over 90,000 German tourists to Turkey has revealed that 85 percent chose Turkey as their travel destination because of its “all-inclusive” model, in which a variety of services are included in the price.
“The all-inclusive system is the main reason that German tourists cited for coming to Turkey. Around 85 percent of poll participants gave the same answer to the question ‘Why do you prefer Turkey?'” said Recep Yavuz, the general manager of Öger Tours, the company that conducted the poll. He added, “Roughly 44 percent of participants mentioned opportunities for children in reply to a question about what Turkish hotels have that is unlike other hotels in the world.”
Noting that the poll results will help create strategies to attract tourists, Yavuz said 55,000 of those surveyed chose Turkey as a holiday destination on more than one occasion. He said hotels in Turkey offer rich activities for children, rooms for families with children, and an “all-inclusive” method of pricing. “This feature makes Turkey different from all countries in the Mediterranean,” he said.
According to poll results, the age of German tourists to Turkey is lower than in past years. Yavuz said this result confirms that a younger generation in Germany now sees Turkey as a holiday destination.
“This fact will make Germany an important potential market for Turkish tourism in the long term,” he said, adding that Germans polled about their experiences in Turkey have consistently cited interesting cultural sites and almost 100 percent satisfaction, demonstrating that Turkey has an important place in the field of cultural tourism.
Hotel and service satisfaction
The poll asked questions about hotel, personnel, and service satisfaction, with around 90 percent of participants expressing their satisfaction. Yavuz said 20 percent of German tourists said they felt at home in Turkey, adding that the all-inclusive system is the main reason participants in the survey listed for coming to Turkey, demonstrating its importance to Turkish tourism.
Yavus argued that, though the all-inclusive system is sometimes criticized, it cannot be abandoned until the industry has found a new and better system to replace it. “It should be discussed how a consistent system can be developed rather than saying ‘Tourists do not go out,'” he said, adding that the only way Turkey can currently offer natural beauty and comfortable holiday resorts at a very low price is because of the all-inclusive system.
Expectations from the new season
Stating that hoteliers have even higher expectations for growth in the tourism sector this year than in previous years, Yavuz said the Cappadocia and Aegean regions are likely to benefit from a boom in tourism this summer.
He said Europeans have had a chance to become familiar with the İzmir and Aegean regions thanks to the western city's EXPO bid, adding, “This tourism season is better than last year, but we have even more expectations. We foresee that holiday resorts other than just those in Mediterranean Antalya will host more tourists. Europeans are showing greater interest in the Aegean region this year.”
22.5.08
Outlet centre Altinkum
Turkey surpasses European countries with its investments in outlet centers, in which manufacturers sell their products directly to the public through their own stores.
Turkey ranks second among European countries right after the United Kingdom, with 19 outlet centers with 382,781 square meters leasable area. In the U.K. there are some 29 outlet centers with 474,881 square meters leasable area. Italy ranks third with 12 outlet centers, while France ranks fourth with 11.
The total number of outlet centers in Europe is 113, with more than 3.13 million square meters leasable area. Meanwhile, the United States is home to 222 outlet centers with 5.57 million square meters leasable area.
In the meantime, world-renowned brands continue to increase their investments in the outlet centers. One-third of stores run by Mudo, a concept clothing and home accessory brand, are outlet stores. Boyner, another clothing giant, is also planning to open three new outlet stores this year.
Park Bravo Group currently owns five outlet centers scattered all over the country. These outlet centers, which are spread over a total of 1,500 square meters, constitute 13 percent of all Park Bravo Stores as well as 10 percent of the company's total turnover. The group has plans to invest further in outlet centers.
Some 11.1 million people visited Olivium last year. Total turnover excluding the value added tax, or VAT, added up to $125 million, said Murat İzci, the general manager of Olivium, a major outlet center in Istanbul. “We are expecting 11.3 million visitors this year and a turnover of $150 million,” he added.
Olivium Shopping Mall is 100 percent full, said İzci and added that 400 brand names are waiting in line. “We are planning an investment in Ümraniye, in the Anatolian part of Istanbul. The five-storey center will be built on a 35,000 square meter plot. The new shopping center, which will require an investment of $60 million, will open its doors to customers within the first quarter of 2010.”
“Outlet centers provide a great alternative for people who are looking to dress in brand name clothing, but have a limited budget,” said İzci. “As opposed to the markets, outlet centers currently are not experiencing stagnation.”
Turkey ranks second among European countries right after the United Kingdom, with 19 outlet centers with 382,781 square meters leasable area. In the U.K. there are some 29 outlet centers with 474,881 square meters leasable area. Italy ranks third with 12 outlet centers, while France ranks fourth with 11.
The total number of outlet centers in Europe is 113, with more than 3.13 million square meters leasable area. Meanwhile, the United States is home to 222 outlet centers with 5.57 million square meters leasable area.
In the meantime, world-renowned brands continue to increase their investments in the outlet centers. One-third of stores run by Mudo, a concept clothing and home accessory brand, are outlet stores. Boyner, another clothing giant, is also planning to open three new outlet stores this year.
Park Bravo Group currently owns five outlet centers scattered all over the country. These outlet centers, which are spread over a total of 1,500 square meters, constitute 13 percent of all Park Bravo Stores as well as 10 percent of the company's total turnover. The group has plans to invest further in outlet centers.
Some 11.1 million people visited Olivium last year. Total turnover excluding the value added tax, or VAT, added up to $125 million, said Murat İzci, the general manager of Olivium, a major outlet center in Istanbul. “We are expecting 11.3 million visitors this year and a turnover of $150 million,” he added.
Olivium Shopping Mall is 100 percent full, said İzci and added that 400 brand names are waiting in line. “We are planning an investment in Ümraniye, in the Anatolian part of Istanbul. The five-storey center will be built on a 35,000 square meter plot. The new shopping center, which will require an investment of $60 million, will open its doors to customers within the first quarter of 2010.”
“Outlet centers provide a great alternative for people who are looking to dress in brand name clothing, but have a limited budget,” said İzci. “As opposed to the markets, outlet centers currently are not experiencing stagnation.”
Property in Turkey
Turkey is considered as having a developing real estate market despite a crisis in global markets.
There are different standpoints regarding the direction of the crises. The chief executive officer (CEO) of Krea Group, Hakan Kodal, assessed the recent credit crunch in global markets as well as the conditions of the real estate sector in Turkey and their investment strategy at press conference in Istanbul yesterday.
Krea Group cooperated with Merrill Lynch GPI, one of the world's leading wealth management, capital markets and advisory companies, in 2006. The operating partner of Merrill Lynch is also responsible from the management and marketing of 14 shopping centers in Turkey, including Adapazarı and Eskişehir.
“Pricing and liquidity are two important factors that fed the credit crunch. The crisis that emerged due to liquidity risks is about to cease; however, we have not come to an end in the pricing crises yet. This is also because of the market-to-market pricing system of the United States, which is the leading actor of the global economy” Kodal said. “The total deficit will be approximately $800 million after the assets are being re-evaluated,” he said.
“There is a problem of growth and development in global markets. Therefore, it will take at least one or two years to defeat the circumstances of the prevalent crunch,” Kodal said, who also noted that the Turkish real estate market is in a 'digestion' period after experiencing drastic rises in property prices.
Most of the investors in the real estate sector have to be cautious enough for their future investment plans given the uncertainties and risks in global markets, said Kodal. “This year does not offer predictable economic conditions. Only those companies with strong capital structure will survive under these volatile conditions,” added Kodal. He also said that in a conference regarding the evaluation of real estate market held recently 80 percent of 350 participants believed the crunch is almost at its depth. "Turkey preserves its charm for investment and 95 percent of all participant companies in the real estate conference were somehow interested in Turkish real estate sector,” said Kodal. “The mortgage crisis is about to end. With a $30 billion mortgage volume, which is 6 percent of total GNP, Turkey is likely to attract more foreign investment in the long-run,” said Kodal.
There are different standpoints regarding the direction of the crises. The chief executive officer (CEO) of Krea Group, Hakan Kodal, assessed the recent credit crunch in global markets as well as the conditions of the real estate sector in Turkey and their investment strategy at press conference in Istanbul yesterday.
Krea Group cooperated with Merrill Lynch GPI, one of the world's leading wealth management, capital markets and advisory companies, in 2006. The operating partner of Merrill Lynch is also responsible from the management and marketing of 14 shopping centers in Turkey, including Adapazarı and Eskişehir.
“Pricing and liquidity are two important factors that fed the credit crunch. The crisis that emerged due to liquidity risks is about to cease; however, we have not come to an end in the pricing crises yet. This is also because of the market-to-market pricing system of the United States, which is the leading actor of the global economy” Kodal said. “The total deficit will be approximately $800 million after the assets are being re-evaluated,” he said.
“There is a problem of growth and development in global markets. Therefore, it will take at least one or two years to defeat the circumstances of the prevalent crunch,” Kodal said, who also noted that the Turkish real estate market is in a 'digestion' period after experiencing drastic rises in property prices.
Most of the investors in the real estate sector have to be cautious enough for their future investment plans given the uncertainties and risks in global markets, said Kodal. “This year does not offer predictable economic conditions. Only those companies with strong capital structure will survive under these volatile conditions,” added Kodal. He also said that in a conference regarding the evaluation of real estate market held recently 80 percent of 350 participants believed the crunch is almost at its depth. "Turkey preserves its charm for investment and 95 percent of all participant companies in the real estate conference were somehow interested in Turkish real estate sector,” said Kodal. “The mortgage crisis is about to end. With a $30 billion mortgage volume, which is 6 percent of total GNP, Turkey is likely to attract more foreign investment in the long-run,” said Kodal.
3.5.08
Hotel ownership in Turkey
With 54 years of experience in the construction sector, FDB Yapı prepares to launch the Ak Club Residences project in Antalya, a city on the Turkish Riviera. The project represents the first “home-hotel” concept in Turkey, and brings a new understanding of management to the city.
The project is expected both to meet the needs of the foreign investors who want to invest in property in Antalya, and to contribute to the economy with professional management of the facilities that offer the comfort of a five-star hotel. A first in Turkey, the Ak Club Residences project offers a profitable means of investment.
The owners will be able to make continuous profits by renting out their apartments at luxury-hotel standards day by day. In other words, the homeowners will be shareholders in a luxury hotel in Antalya. Turkey's first home-hotel project, the first stage of which is set to be completed by the end of 2009, will be comprised of four stages. The project will include a total of 1,200 apartments of different sizes.
“We will form a modern, comfortable and secure building system thanks to the technological structure that will be equipped with a self-sustaining smart house automation system,” said Fatih Deniz Bıçakçı, chairman of FDB Yapı.
The Ak Club Residences project has been developed to remove the difficulties faced by the owners of secondary homes, said Bıçakçı and added, “the secondary homes have fixed costs such as security, maintenance and repair, although they are only used for a short period of time. These costs will be removed with this home-hotel project.”
The project is expected both to meet the needs of the foreign investors who want to invest in property in Antalya, and to contribute to the economy with professional management of the facilities that offer the comfort of a five-star hotel. A first in Turkey, the Ak Club Residences project offers a profitable means of investment.
The owners will be able to make continuous profits by renting out their apartments at luxury-hotel standards day by day. In other words, the homeowners will be shareholders in a luxury hotel in Antalya. Turkey's first home-hotel project, the first stage of which is set to be completed by the end of 2009, will be comprised of four stages. The project will include a total of 1,200 apartments of different sizes.
“We will form a modern, comfortable and secure building system thanks to the technological structure that will be equipped with a self-sustaining smart house automation system,” said Fatih Deniz Bıçakçı, chairman of FDB Yapı.
The Ak Club Residences project has been developed to remove the difficulties faced by the owners of secondary homes, said Bıçakçı and added, “the secondary homes have fixed costs such as security, maintenance and repair, although they are only used for a short period of time. These costs will be removed with this home-hotel project.”
Housing shortages in Turkey
The Association of Real Estate Investment Companies (GYODER), which was established in 1999 by the representatives of existing and founding Real Estate Investment Companies (REICs), organizes the Eigth Turkish Real Estate Summit on June 4-5 at the Swissotel Istanbul. Selecting the theme of “Turkey's Real Estate Potential for 100 Years,” members of Turkey's real estate sector will focus on the investment opportunities and the problems of the sector in participation with leading figures from the world's real estate sector during two days in seven sessions of the summit.The economic outlook of the sector, investment environment, shopping mall investments, Turkey's affordable housing project report concerning the need of housing of people with low income, real estate opportunities in tourism, office, logistics and Turkey's cities with real estate potential will be the main focuses of the summit.“We will additionally organize an international real estate fair, which Istanbul lacks considering it is a city having one of the world's greater real estate potentials, within the framework of the next year's real estate summit,” Turgay Tanes, board member of GYODER, told a press conference in Istanbul Monday.“Turkey will face a housing deficit nearly of 700,000 houses within the next 10 years and 20 percent of the families will be able to afford the prices to buy a house. We investigated independently that what kind of financing models should be implemented and how the structural changes can be made in order to help low income people to purchase houses in ‘Affordable Housing: The Need of Housing of Low Income People and the Suggestion of Solutions' report, which will be presented during the real estate summit,” said Emre Çamlıbel, GYODER board member and Soyak General Directorate.
“Turkey's real estate sector has developed within the last three years and it is continuing to grow. We see nothing to fear about concerning the growth of the sector. Istanbul will keep to be the star of the real estate. And also Turkey have a great real estate potential which guarantees the next 100 years,” said Nurhan Azizoğlu, GYODER's vice chairman.
“Turkey's real estate sector has developed within the last three years and it is continuing to grow. We see nothing to fear about concerning the growth of the sector. Istanbul will keep to be the star of the real estate. And also Turkey have a great real estate potential which guarantees the next 100 years,” said Nurhan Azizoğlu, GYODER's vice chairman.
Bodrum Tombs
A villa with a swimming pool built on top of the tombs of the King of Caria in Turgutreis in southwestern Turkey causes outrage among locals and historians
YAŞAR ANTER
MUĞLA – Doğan News Agency
A new chapter was added to the story of destruction of nature and history near the tourist resort of Bodrum on the Aegean coast with a contractor building a villa with a swimming pool over 3,500 year-old world-renowned tombs.
The huge tombs belonging to the kings of Caria, a pre-Hellenic seafaring people who founded a kingdom in the southwest of Anatolia in today's Muğla province, who existed from the 11th century B.C. until they became a Persian satrapy in 545 B.C.
According to Wikipedia, the Iliad records that at the time of the Trojan War the city of Miletus belonged to the Carians and was allied to the Trojan cause. They are seen as being an offshoot of the Minoan civilization based in Crete.
The matter came to light after Professor Fahri Işık from Akdeniz University's Department of History and Archaeology went on a tour of the Carian civilization remains in the region with his assistant Özay Kartal. Having just held a seminar on Mysians in Bodrum last Saturday, Işık was shocked to see that villas were built over the tombs of Carian kings. The tombs were registered by the Muğla Culture and Nature Protection Board two years ago after they were discovered by Bodrum Museum archaeologists.
He noted that construction machinery was used to break the stairs of the tombs while tombs were broken to pass water pipes. Işık also said that barbed wire fence and solid walls were erected around some tombs.
Işık said the Bodrum Peninsula was a very important historical region with the remains of the Mycian, Caria and Leleg civilizations. “The peninsula is rich in history and civilization. The recent construction boom in the region resulted in serious destruction of culture in the region. This should be stopped. Such historical remains of immense value being located on the private lands of people does not mean they have the right to destroy them.”
‘The tombs are ours'
The contractor, İsa Şahinkaya, said he was not the only one to build over the tombs, noting that the land was legally his.
“We purchased the villas after construction began. These tombs are on our land. Many villas were built on tombs before and no one said anything. The tombs may be damaged a bit during construction but we got all the necessary permits.”
Inquiry:
Bodrum Administrator Abdullah Kalkan, speaking to the Doğan News Agency, said he had asked Bodrum Underwater Museum Director Yaşar Yıldız to study the area as soon as he heard of the matter. “What is done is an insult to thousands of years of history and culture. We are having a hard time protecting our historical sites. I've started an inquiry and will file both an administrative and criminal complaint based on experts' reports. We will protect the area,” he said.
Turgutreis municipal officials also conducted an inquiry at the site yesterday, finding out that only one swimming pool of the six villas was built illegally.
It was said that the building licenses for the villas were issued in 2002, before the tombs were registered as a cultural treasure.
Local anger:
One local, Hatice Erbil, 65, said despite their constant warnings, nothing was done to stop the contractors from destroying the tombs. “They broke the tombs with construction equipment. The plots were sold several times and we could not find anyone to complain,” she said.
http://www.turkishdailynews.com.tr/article.php?enewsid=104311
YAŞAR ANTER
MUĞLA – Doğan News Agency
A new chapter was added to the story of destruction of nature and history near the tourist resort of Bodrum on the Aegean coast with a contractor building a villa with a swimming pool over 3,500 year-old world-renowned tombs.
The huge tombs belonging to the kings of Caria, a pre-Hellenic seafaring people who founded a kingdom in the southwest of Anatolia in today's Muğla province, who existed from the 11th century B.C. until they became a Persian satrapy in 545 B.C.
According to Wikipedia, the Iliad records that at the time of the Trojan War the city of Miletus belonged to the Carians and was allied to the Trojan cause. They are seen as being an offshoot of the Minoan civilization based in Crete.
The matter came to light after Professor Fahri Işık from Akdeniz University's Department of History and Archaeology went on a tour of the Carian civilization remains in the region with his assistant Özay Kartal. Having just held a seminar on Mysians in Bodrum last Saturday, Işık was shocked to see that villas were built over the tombs of Carian kings. The tombs were registered by the Muğla Culture and Nature Protection Board two years ago after they were discovered by Bodrum Museum archaeologists.
He noted that construction machinery was used to break the stairs of the tombs while tombs were broken to pass water pipes. Işık also said that barbed wire fence and solid walls were erected around some tombs.
Işık said the Bodrum Peninsula was a very important historical region with the remains of the Mycian, Caria and Leleg civilizations. “The peninsula is rich in history and civilization. The recent construction boom in the region resulted in serious destruction of culture in the region. This should be stopped. Such historical remains of immense value being located on the private lands of people does not mean they have the right to destroy them.”
‘The tombs are ours'
The contractor, İsa Şahinkaya, said he was not the only one to build over the tombs, noting that the land was legally his.
“We purchased the villas after construction began. These tombs are on our land. Many villas were built on tombs before and no one said anything. The tombs may be damaged a bit during construction but we got all the necessary permits.”
Inquiry:
Bodrum Administrator Abdullah Kalkan, speaking to the Doğan News Agency, said he had asked Bodrum Underwater Museum Director Yaşar Yıldız to study the area as soon as he heard of the matter. “What is done is an insult to thousands of years of history and culture. We are having a hard time protecting our historical sites. I've started an inquiry and will file both an administrative and criminal complaint based on experts' reports. We will protect the area,” he said.
Turgutreis municipal officials also conducted an inquiry at the site yesterday, finding out that only one swimming pool of the six villas was built illegally.
It was said that the building licenses for the villas were issued in 2002, before the tombs were registered as a cultural treasure.
Local anger:
One local, Hatice Erbil, 65, said despite their constant warnings, nothing was done to stop the contractors from destroying the tombs. “They broke the tombs with construction equipment. The plots were sold several times and we could not find anyone to complain,” she said.
http://www.turkishdailynews.com.tr/article.php?enewsid=104311
Real estate market
Contrary to what has been expected, the increase in interest rates for home equity loans did not have a negative impact on demand for housing in the first quarter of this year, reported Turkey's monthly business and economy magazine Capital. Turkey has an annual housing deficit of 700,000 units. Therefore, the country's real estate sector cannot stall, said Avni Çelik, chairman of Sinpaş Group, one of Turkey's residential and commercial construction firms. In this respect, the government has a very important role in the implementation of the necessary and much needed regulations in the sector. “The existence of the Mass Housing Administration (TOKİ) under the rule of Prime Ministry harms the competitiveness in the real estate sector as they have several financial privileges,” Çelik had told daily Milliyet on April 17 last year. The real estate sector, which has a direct and indirect impact on more than 100 sectors including media and construction, continues to be the key sector of the Turkish economy with its 15 percent growth rate, reported Capital. All the big projects and infrastructure investments planned in the sector continue at a fast pace, said Atalay Şahinoğlu, board chairman of Nuh Çimento, one of Turkey's largest companies operating in the cement sector. Noting that he agrees with Çelik he said, “I presume that the number of investors is likely to rise.”
Hotels in Turkey
Astute property investors are well aware that a country that is leading the way in tourism will follow with an increased value in property. This can be seen clearly in Turkey where major tour operators and some of the world’s top hoteliers are clambering to be a part of this new era.
Thomas Cook has chosen the Xanadu Resort Hotel in the Mediterranean resort of Antalya as the “world’s best hotel in select hotel category.” This was based on customer satisfaction covering more than 10,000 hotels, worldwide.
This particular hotel topped the list of 100 select hotels in the world and with 19 million tourists travelling with Thomas Cook annually, the company is well placed to understand where people want to visit and the calibre of hotel they require.
Many visitors become home owners and property investors are aware that by buying now, whilst prices offer exceptional value compared to other more established holiday resort locations such as Spain, they should reap excellent capital growth rewards and good rental returns.
Hilton ‘expanding’
According to the Anatolia News Agency, two Turkish hotels have been listed among the world’s 10 best hotels chosen by TUI the world’s largest tour operator. These are the Delphin Deluxe Resort and Barut Hotel Lara Resort Spa and Suites. In addition the Hilton Empire is to expand into Turkey with 15 new hotels over the next five years in locations across Turkey.
“These factors are of enormous importance to buyers of property whether as an investment or family holiday home”, says Robert Nixon, Director of UK Operations for Nirvana International.
“With such large companies committing to major financing it gives buyers a feeling of stability borne from a realisation that Turkey has every intention of turning itself into a major force on the world’s property market.
With new airports scheduled to open, major championship golf courses available and superb planning laws aimed at protecting coastal resorts, Turkey is without a doubt a superb place in which to invest particularly bearing in mind that on average a home costs three times less than an equivalent property in Spain.
With property values rising at around 20% per annum it is not surprising that there are already over 62,000 foreign owned properties in Turkey of which over half are believed to be British”.
Thomas Cook has chosen the Xanadu Resort Hotel in the Mediterranean resort of Antalya as the “world’s best hotel in select hotel category.” This was based on customer satisfaction covering more than 10,000 hotels, worldwide.
This particular hotel topped the list of 100 select hotels in the world and with 19 million tourists travelling with Thomas Cook annually, the company is well placed to understand where people want to visit and the calibre of hotel they require.
Many visitors become home owners and property investors are aware that by buying now, whilst prices offer exceptional value compared to other more established holiday resort locations such as Spain, they should reap excellent capital growth rewards and good rental returns.
Hilton ‘expanding’
According to the Anatolia News Agency, two Turkish hotels have been listed among the world’s 10 best hotels chosen by TUI the world’s largest tour operator. These are the Delphin Deluxe Resort and Barut Hotel Lara Resort Spa and Suites. In addition the Hilton Empire is to expand into Turkey with 15 new hotels over the next five years in locations across Turkey.
“These factors are of enormous importance to buyers of property whether as an investment or family holiday home”, says Robert Nixon, Director of UK Operations for Nirvana International.
“With such large companies committing to major financing it gives buyers a feeling of stability borne from a realisation that Turkey has every intention of turning itself into a major force on the world’s property market.
With new airports scheduled to open, major championship golf courses available and superb planning laws aimed at protecting coastal resorts, Turkey is without a doubt a superb place in which to invest particularly bearing in mind that on average a home costs three times less than an equivalent property in Spain.
With property values rising at around 20% per annum it is not surprising that there are already over 62,000 foreign owned properties in Turkey of which over half are believed to be British”.
Anatolian real estate
Hotel and shopping center investments cluttered in Istanbul, Ankara and İzmir, the three biggest cities of Turkey, have been gliding toward Anatolian cities where the population exceeds one million, said Turkey branch officials of Euro Hypo Bank and Aareal Bank, both German banks, which specialize in commercial real estate.
“The commercial activity in Istanbul, Ankara and İzmir has spread to the Anatolian cities,” said Cenk Arson, Turkey representative of Euro Hypo Bank, adding that foreign investors discovered Anatolia well before Turkish ones. “Foreign investors have begun to undertake various projects in Eskişehir, Konya, Manisa, Gaziantep and Erzurum. A Dutch company is building a shopping center in Erzurum. We, as Euro Hypo Bank, are preparing to grant loans for three shopping center projects in the southeastern city of Gaziantep, the eastern city of Erzurum and Ankara,” said Arson.
”The investors have been investing in cities like Konya in central Anatolia, Gaziantep, Adana and Antakya in the south for some time since the prices are too high in Istanbul. Istanbul also suffers from the lack of land,” said Şenay Azak Matt, Turkey CEO of Aareal Bank in her statement.
“The commercial activity in Istanbul, Ankara and İzmir has spread to the Anatolian cities,” said Cenk Arson, Turkey representative of Euro Hypo Bank, adding that foreign investors discovered Anatolia well before Turkish ones. “Foreign investors have begun to undertake various projects in Eskişehir, Konya, Manisa, Gaziantep and Erzurum. A Dutch company is building a shopping center in Erzurum. We, as Euro Hypo Bank, are preparing to grant loans for three shopping center projects in the southeastern city of Gaziantep, the eastern city of Erzurum and Ankara,” said Arson.
”The investors have been investing in cities like Konya in central Anatolia, Gaziantep, Adana and Antakya in the south for some time since the prices are too high in Istanbul. Istanbul also suffers from the lack of land,” said Şenay Azak Matt, Turkey CEO of Aareal Bank in her statement.
Queen Elizabeth II to visit Turkey
Queen Elizabeth II to visit Turkey
Queen Elizabeth II will visit Turkey with Prince Phillip, the Duke of Edinburgh, for an official visit on May 13-16 upon the invitation of President Abdullah Gül. The Bursa Chamber of Commerce and Industry (BTSO) said in a statement released yesterday that the queen will also be visiting Bursa on the May 14 as a special guest for the “Women and Enterprise” titled National Enterprise Congress.
BURSA – Anatolia News Agency
Foreign Ministry celebrates 88th anniversary
A Foreign Ministry delegation mission headed by Undersecratary Ertuğrul Apakan visited the Cebeci Asri Cemetary yesterday in honor of the ministry's 88th anniversary. The delegation held a a moment of silence and a wreath was laid for foreign affairs diplomats and officials who had died in the line of duty.ANK – Anatolia News Agency
Queen Elizabeth II will visit Turkey with Prince Phillip, the Duke of Edinburgh, for an official visit on May 13-16 upon the invitation of President Abdullah Gül. The Bursa Chamber of Commerce and Industry (BTSO) said in a statement released yesterday that the queen will also be visiting Bursa on the May 14 as a special guest for the “Women and Enterprise” titled National Enterprise Congress.
BURSA – Anatolia News Agency
Foreign Ministry celebrates 88th anniversary
A Foreign Ministry delegation mission headed by Undersecratary Ertuğrul Apakan visited the Cebeci Asri Cemetary yesterday in honor of the ministry's 88th anniversary. The delegation held a a moment of silence and a wreath was laid for foreign affairs diplomats and officials who had died in the line of duty.ANK – Anatolia News Agency
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