Snow in Istanbul

If you are in Istanbul this weekend, be sure to have a scarf and warm jumper at the ready – heavy snow is set to sweep the city on January 5th. Due to a wave of cold air heading over from the Balkans, temperatures in Istanbul are set to drop below zero from January 5th … Continue reading

Turkey to become global retail centre

Istanbul

CB Richard Ellis’ annual report ‘How Global is the Business of Retail?’ has predicted that the rising growth of the Turkish economy coupled with the great investment prospects in Turkey, makes Turkey hugely appealing for international retailers in the near future. The report from the global property consultancy firm followed 326 of the top retailers … Continue reading

Istanbul continues to rise as tourist destination

Official data released by the Istanbul Culture and Tourism Department has revealed that tourism in Istanbul has continued to rise, with 8 million visitors to the cultured city in 2011. The data shows an increase of more than 1 million visitors over the 2010 figures of 6.9 million visitors for the year to Istanbul. The … Continue reading

Istanbul peninsula to be protected

Istanbul’s Metropolitan Municipal Council has approved new plans to conserve the historic city peninsula. Including many famous structures from the Roman and Ottoman periods, the conservation will help preserve some historic history of the cultural city. Head of the Public Works and Construction Commission, Sefer Kocabas said: “None of the unlicensed buildings inside the historical … Continue reading

Istanbul one of the best cities in Europe for property investment

Istanbul is now one of the most attractive and prestigious cities in Europe for real estate investment. A study by LaSalle Investment Management found that Istanbul is now the fifth best city in Europe to buy a property or some form of real estate, up from 25th position last year. Istanbul is rapidly rising as … Continue reading