Turkish property prices have surged into 2011 with an yearly growth rate of over 6% for the first 4 months according to Association of Real Estate Investment Companies (GYODER). Their monthly index shows prices grew 6.45% in the year ending April 2011, and 0.56% compared to the previous month. This follows year on year growth […]

Development is proceeding swiftly in the Turkmen capital, thanks largely to Turkish construction companies. ASHGABAT, Turkmenistan — Turkish President Abdullah Gul met with his counterpart in Turkmenistan last week for urgent talks thought to be related to $1 billion in outstanding bills owed to Turkish construction companies that have revamped the capital city. Turkish companies […]

Osman Akin borrowed 3,000 liras ($1,910) from his wife’s sister and prayed until morning before squeezing into an Istanbul sports hall with others hoping to buy one of 110 new homes. Numbered balls in four lottery machines allocate apartments built by Turkey’s Housing Development Administration, or Toki, among 2,000 low-income applicants. Since Prime Minister Recep […]

Eastern European shopping mall developer and operator Atrium European Real Estate plans to keep cash available for acquisitions, primarily not in Russia, rather than return it to shareholders even though few properties are for sale. The company would only consider distributing the money through share buybacks or increased dividends if the drought of available assets […]