Turkey will maintain Europe’s highest growth until 2015.

Turkey will maintain Europe’s highest growth until 2015

The Turkish economy will record the fastest growth in Europe between 2011 and 2015, according to a report compiled by global commercial real estate services company Jones Lang LaSalle. Jones Lang LaSalle released its Turkey Real Estate Overview report for the third quarter of 2011 on Monday, assessing the current developments in the Turkish economy with analyses focusing on separate sectors. The report's economic growth forecast covers the years 2011, 2012, 2013 and 2014. Recalling that Turkey was the world's fastest growing economy in the first quarter of this year with 8.9 percent over the same period of 2010, the report said the latest indices indicated a slowdown in Turkish growth; however, the EU candidate will maintain the momentum to see the fastest growth in its gross domestic product (GDP) among European economies during the years 2011, 2012, 2013 and 2014. A recently introduced government mid-term economic program (OVP) expects Turkey's economic growth to stabilize at an average 5 percent by 2012. The report said it was encouraging that the International Monetary Fund (IMF) has calculated that the share of Turkey's budget deficit in its GDP will decrease to 10.3 percent by the end of this year and to 7.2 percent by the end of 2012. “Turkey has a positive outlook regarding the international credit ratings in the long term,” the report said, recalling that Standard & Poor's (S&P) had earlier increased the country's credit rating to investment grade (BB-). Observers argued that this will help improve the global investor sentiment for new investments in Turkish markets while other credit rating agencies can be expected to increase the country's rating. The report agrees with this and says more foreign investors could be expected to bring their money to Turkish markets. “Risks concerning investments in Turkey will be minimized significantly in the near future, thus closing the gap between the investment atmosphere in Turkey and the desired investment conditions in developed markets. … [The] Turkish investment market needs to overcome certain structural problems; however, demand for investments in the country remains high.” This increase in credit rating, the report argued, supports the government's targets for economic growth and will have a positive psychological impact to boost confidence in the markets. The latest moves by the Central Bank of Turkey are expected to provide $3 billion extra liquidity to markets, the report said, adding that the bank is expected to take proactive measures to minimize the negative affects of a possible liquidity crisis in global markets on domestic markets. The report also said the government currently works on new legislative regulation aimed at creating new job opportunities in Turkey. The regulation that the report mentions is the government initiative to decrease the average weekly work hours so that the extra hours open up new jobs in both public and private institutions. Turkey's unemployment rate declined to 9.2 percent in June, representing a 1.2 percent decline compared to the same month a year ago. The report also recalled that Turkey was listed among the countries with the highest number of jobs created in the past three years in earlier Organization for Economic Cooperation and Development (OECD) and International Labour Organization (ILO) reports. In another indicator of economic stability, the report predicts that consumer confidence will remain above 90 percentage points through the end of this year. Data from the Turkish Statistics Institute (TurkStat) showed Turkey's consumer confidence reached 96.4 percent in June and fell to 91.7 percent in August following a significant loss of value of the Turkish lira (TL) against foreign currency. In regard to developments in sub-groups -- sectors that affect the general economic outlook the most -- the report said they did not expect a strong increase in prices in retail and real estate markets considering the devaluation of the lira. The report expects, however, the demand in retail markets to rise considerably through the end of the year. The Turkish logistics market is developing, albeit slowly, and this will help the increase in demand for relatively higher quality products. Turkey will continue to be a highly popular tourist destination, the report says, recalling that İstanbul, the country's cultural tourism hub, was the fastest growing tourism market among cities in the Europe, Middle East and Africa (EMEA) region.

Property in Turkey - Bodrum Houses

Ref: Bodrumapr111Region: Bodrum     Location: Yalikavak   
yalikavak apartment bodrum turkey properties
EUR € 47,000  GBP £ 42,254 USD $ 65,355
Type: Apartments   Bedrooms: 2   Bathrooms: 1

This exclusive high quality apartment has fantastic views over the Aegean coastline and is just a 5 min walk to the stunning sandy beaches of Yalikavak. 2 bedrooms and one bath, fully furnished and great price.

Ref: BodrummoonRegion: Bodrum     Location: Gumusluk   
price reduced, Modern apartments with sea view
EUR € 49,000  GBP £ 44,052 USD $ 68,136
Type: Apartments   Bedrooms: 1   Bathrooms: 1

The compound with in total 70 units of apartments and 7 units of detached villas is located in Gümüslük. Only 500 meters away from the beach and 3 KM to the city centre and Marina of Yalikavak. The complex offer 2 communal pools with mini bar, 1 children pool, sport area, tennis court, 24 hours security, carpark, shuttle service to the beach and a private generator.

Ref: Bodrum6002Region: Bodrum     Location: Tuzla   
Bodrum Property - Price includes furniture - Fees
EUR € 68,000  GBP £ 61,133 USD $ 94,556
Type: Villa   Bedrooms: 3   Bathrooms: 2

Bodrum sea view villa with 1 min walk away from the complex beach. Semi-detached duplex villa with great sea views, situated on waterfront location in Tuzla Resort of Bodrum. A very rare opportunity to purchase a property in such proximity to the water on Bodrum Tuzla Resort. This villa offers good construction quality and a beautiful sea view with investment opportunity. 

Ref: BodrummountRegion: Bodrum     Location: Yalikavak   
turkey apartments yalikavak mount homes
EUR € 69,000  GBP £ 62,032 USD $ 95,947
Type: Apartments   Bedrooms: 2   Bathrooms: 1

2 Bedroom Ground Floor Apartments (well kept garden) and Penthouses (beautiful spacious terrace) with stunning sea views located in Yalikavak. Prices included white goods!! 5 Years Construction Guarantee.

Ref: BodrumgaiaRegion: Bodrum     Location: Yalikavak   
yalikavak apartments for sale in bodrum
EUR € 75,000  GBP £ 67,426 USD $ 104,290
Type: Apartments   Bedrooms: 2   Bathrooms: 2

This Brand New Complex is built on a large a plot of land and are just a 3 minute drive from the Yalikavak centre and are located 400 m from Yalikavak Centre. It offers the perfect location for all tastes whether looking for a holiday home or an investment.

Ref: Bodrumgumuslukvilla6Region: Bodrum     Location: Gumusluk   
turkey single villa for sale bodrum gumusluk
EUR € 75,000  GBP £ 67,426 USD $ 104,290
Type: Villa   Bedrooms: 2   Bathrooms: 2

REDUCED FROM GBP 115,000. 2 available for sale at GBP 68,000 each - cash buyers only. Detached Villas  with sea view in Gumusluk Bodrum Turkey. Gumusluk is situated on the grounds of the ancient city Myndos and is the ideal destination destination for everyone with it's history, scenery, scuba and watersports. Silver Cliff Villas are situated only 4km from Gumusluk Harbour and restaurants. This newly completed development offers breathtaking views over the bay, facilities include: swimming pool, childrens pool, cafe bar, fitness centre, 24 hour security service, car park.

Ref: BodrumsuleRegion: Bodrum     Location: Tuzla   
Seafront Bodrum Property For Sale
EUR € 90,000  GBP £ 80,912 USD $ 125,148
Type: Villa   Bedrooms: 2   Bathrooms: 1

Bodrum Seafront Duplex Villa For Sale. 100 m walk away from the Complex Private Beach and Pool. 2 double bed Semi detached villa enjoys some fantastic sea views from its elevated position. Situated close to the small town of Guvercinlik with its enchanting harbour, the villa would be ideal as both a holiday or permanent home. A good investment in this up and coming area.

Ref: BodrumnazimRegion: Bodrum     Location: Gundogan   
property in bodrum gundogan real estate turkey
EUR € 115,000  GBP £ 103,387 USD $ 159,911
Type: Villa   Bedrooms: 5   Bathrooms: 2

Spacious Triplex detached villa includes 5 bedroom,1 living room, 2 bathroom, 2 kitchen and one more room which you can use as a storage. Inside size is 177 m2, sea views from villa and 500 m walk from beach,10 min drive to Bodrum. Communal Pool and Night Security on complex. Pay %50 cash and complete rest balance within 5 month.

Ref: BodrumgularkRegion: Bodrum     Location: Tuzla   
17.03.2010 - Private pool villa Bodrum Guvercinlik
EUR € 120,000  GBP £ 107,882 USD $ 166,864
Type: Villa   Bedrooms: 4   Bathrooms: 2

Brand New Detached Triplex Villa with private pool and fantastic sea view near the Vita Golf Course in Tuzla Guvercinlik. Built on high standard. Large Fireplace and 2 balconies, Private Car Park.

Ref: BodrumbitezvillaRegion: Bodrum     Location: Bitez   
bodrum luxury villa for sale in bitez
EUR € 365,000  GBP £ 328,141 USD $ 507,543
Type: Villa   Bedrooms: 2   Bathrooms: 2

In the popular and beautiful village of Bitez, just 5 Minutes from Bodrum city, hidden in a side street is this New Mexican style house with private pool and beautifully grown in garden. The property is well protected from views by a 2 meter high wall and a massiv wood entrance gate leading to the front porch with parking place.

Ref: BodrumSeaFrontRegion: Bodrum     Location: Yalikavak   
Yalikavak Sea Front Villa - Beach Front House
EUR € 460,000  GBP £ 413,548 USD $ 639,644
Type: Villa   Bedrooms: 3   Bathrooms: 3

First class 3 bedroom 3 bathroom  beach front villa with wonderful sunset and sea view in a lovely complex with communal swimming pool in Yalikavak. Well equipped, comfortable family orientated 3 bedroom villa with high quality standard, consisting of large living room, open plan kitchen/diner, 3 double bedroom, 1 balcony, swimming pool and beautiful garden. Yalikavak Golden Beach luxury self catering holiday villas are in a newly built complex on the shores of the crystal clear waters of the Aegean Sea on the Bodrum peninsula in Turkey.

Ref: Bodrumgolkoy4Region: Bodrum     Location: Turkbuku   
turkey seafront villa - beachfront house bodrum
EUR € 705,000  GBP £ 633,807 USD $ 980,324
Type: Villa   Bedrooms: 4   Bathrooms: 2

Right on the clean beach of Golkoy town small detached villa for sale in Bodrum. Total 7 villas in this building and left one villa on sale. Security and parking lot is available. 10 m to the sea!!! BEST OFFER! Magnificent sea and mountain view! 4 bedrooms and 2 bathroom, only one more villa is available on this development. Complex has own private jetty.

Ref: BodrumgumuslukvillaRegion: Bodrum     Location: Gumusluk   
gumusluk luxury villa for sale
EUR € 741,000  GBP £ 666,172 USD $ 1,030,383
Type: Villa   Bedrooms: 3   Bathrooms: 2

This one storey building is situated on a land of 1.100 sqm on the hills of Gümüslük with a spectacular view over the bay. The landscaped garden features a beautiful pool and a straw decked sitting place to enjoy the beautiful area at its best.

Ref: BodrumyalikavakIPRegion: Bodrum     Location: Yalikavak   
yalikavak bodrum private luxury villa for sale
EUR € 995,000  GBP £ 894,522 USD $ 1,383,577
Type: Villa   Bedrooms: 5   Bathrooms: 5

Reduced Price for this turkish luxury single villa in Yalikavak Bodrum. 425m2 estate consists of 5 bedrooms (2 master suites) and 5.5 bathrooms. The 300m2 wrap around sanded down marble terrace has separate pergola covered sitting and dining areas around the large heated pool for summer or winter. Central air conditioning, double fireplace and individual thermostats in each room provide perfect indoor climate control.

Ref: Bodrumtorba2Region: Bodrum     Location: Torba   
turkish villa torba resort of bodrum peninsula
EUR € 1,250,000  GBP £ 1,123,771 USD $ 1,738,163
Type: Villa   Bedrooms: 5   Bathrooms: 5

Located in quiet Torba, just minutes from the busy town of Bodrum, this villa has been featured in a lot of magazines, being famouns for its Spanish finca style and the generous living areas and terraces around the large pool. The private plot of 2.500 m2 is entered through a wooden gate in the 3 meter high stone wall surrounding the property. Close to the entrance is the staff house of 160 sqm living area.

Ref: Bodrumturkbuku05Region: Bodrum     Location: Turkbuku   
Turkish Ultra luxurious villa Turkbuku Bodrum
EUR € 1,541,000  GBP £ 1,385,385 USD $ 2,142,807
Type: Villa   Bedrooms: 6   Bathrooms: 6

Turkish Ultra Luxury Villa For Sale in Turkbuku Bodrum Peninsula. Perched on the hills of Turkbuku, just minutes away from the most fashionable beach clubs of the Peninsula this fantastic villa overlooks the bay of Turkbuku. On the ground floor is the very spacious living area with TV lounge, main lounge toward the view, dining area and the exclusive Italian open kitchen with Gaggenau appliances and full length wine fridge.

Ref: BodrumW00790GRegion: Bodrum     Location: Turkbuku   
Exclusive villa on the beach front in Hebil Bay
EUR € 2,700,000  GBP £ 2,427,346 USD $ 3,754,431
Type: Villa   Bedrooms: 6   Bathrooms: 4

The villa takes place in a 14 house high quality complex and is right on the beach front. One of the most important features is the orientation of the house so it is secluded from the pervailing wind and sun. The four storey building is planned so that it can used as two independent houses. All the rooms have grand sea views. On the middle floor is a very large living room decorated in a modern style having three different parts for watching TV, dining and sitting by the fireplace

Turkish Mortgages - Everyone deserves a home of their own

Turkey Mortgage

With an HSBC Mortgage, you can own the home of your dreams. (HSBC BANK)For your mortgage sales to overseas buyers, HSBC offers you the best practices of mortgage loan with a great variety of products and highly competitive interest rates.

Primary Features

•             HSBC Bank Mortgage is extended for completely constructed houses in either New Turkish Lira (YTL) or foreign exchange indexed (USD/EUR/GBP).

•             The minimum mortgage amount is YTL 50.000 or its equivalent in fey.

•             In case a valid credit bureau report is submitted 65%; if no report available, 50% of valuation of property would apply for both YTL and fcy-indexed mortgages.

•             The transaction for the 35% down payment that the customer will make towards the property, should be through the lending HSBC Branch.

•             The maximum loan amount would be USD 500.000, YTL 750.000 or its fey equivalent.

•             HSBC Bank Mortgage terms are up to 10 years for both YTL and FCY indexed loans

Advantages

•             Wide range of maturity preferences.

•             Competitive pricing.

•             Easy repayments: direct debit

•             HSBC Bank Mortgages provide the advantage of Personal Accident Insurance that makes credit terms easier and decreases insurance costs.

How to apply

Applications can be made via HSBC Bank Branches or HSBC Bank Telephone Banking on 4440111 {lines are open for 24 hours) for further information.

Required Documents

-              Application form

-              Proof of identity and residency (only for resident in Turkey). As a proof of residency, a copy of the utility bills (water, gas, electricity or land-line telephone) should be obtained.

-              A copy of the deed for the house to be purchased.

-              Income Statement.

-              Tax identity number.

-              Military Clearance (not required for application, but critical for title-deed assignment)

Power of attorney would be required for loan extension; application forms, agreements and all related documentation would be arranged by proxy.

Evidence of income and employment:

-              3 months' Bank Statements showing the receipt of income

-              P60 (the tax statement showing income and amount of tax paid - for UK citizens)

-              List of all other income

-              List of all fixed or regular outgoings (mortgages/loan repayments etc).

-              List of credit card Balances

Household income would also be taken into consideration in the affordability calculation. Self-Employed People:

-              Credit Check

-              Bank statements

-              List of Outgoings and Accountant's Certificate confirming the last 3 years' profits and that the company is currently solvent and trading.

Conditions for Property

-              Owner occupied residences / secondary residences that are fully completed.

-              Properties should be in well-known touristic places or prime locations.

-              Commercial or industrial properties are out of scope.

-              Valuation by fully qualified and reputable independent appraisers

Additional Documentation may be required for developers such as:

-              Shareholding in company

-              Company accounts

-              Company history

-              Building permissions

-              Architects drawings etc.

 

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More Question About Turkish Mortgage (Is BANK)

Who is eligible to open an account at Isbank London?
Any individual above the age of 18 or a legal entity is eligible to open accounts provided they furnish us with the necessary documents mentioned in our account opening forms.

Can we open a joint account?
Yes. You will need to complete the account opening form accordingly.

What is the formula for the calculation of deposit interest for GBP deposits?
(principal amount x number of days in the term x interest rate) / (100 x 365)

What is the formula for the calculation of deposit interest for non-GBP deposits?
(principal amount x number of days in the term x interest rate) / (100 x 360)

Is it possible to open deposit accounts in currencies other than pounds sterling?
Yes. You can open deposit accounts in other currencies including EUR, USD and TRY. In all these currencies, the number in the denominator of the interest formula above is applied as 360 and not 365.

I have an account with an Isbank branch in Turkey. Can I withdraw money from that account in London?
Yes. When you visit our branch in London, after obtaining the necessary provisions you can withdraw money from your account in Turkey.

Can I transfer Turkish Lira to accounts in Turkey even when I do not have Turkish Lira?
Absolutely. We will exchange your existing currencies (GBP, EUR, USD) into Turkish Lira and effect your transfer.

I am a UK resident. Is my interest income taxed at the time of the interest payment?
Yes. Banks, generally, quote their gross interest rates, i.e. rates before any compulsory tax deduction. Soon after gross interest is posted to your account, the prevailing Basic Tax Rate (currently 20% for UK residents) is debited.

Can I receive my interest "gross" if I am eligible?
Yes, but only when you complete the R85 form of HM Revenue&Customs.

Can I apply for a not ordinarily resident saver to receive my interest without tax deducted?
Yes, but only when you complete the R105 form of HRMC.

Is there a protection scheme for depositors in the UK?
Yes. The Financial Services Compensation Scheme, UK's statutory fund of last resort for customers of authorised financial services firms, provides a protection of 100% for the initial £2000 and 90% for the following £ 33,000. In other words, out of a total deposit of £ 35,000 held with a single financial institution, £ 31,700 is protected by the scheme. 

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Buying a house in Turkey as a foreigner

Turkey has a reciprocal agreement for the purchase of land and property with many countries. This means that the people of these nations that allow Turks to buy land in their countries, can in return, buy land in Turkey. Foreigners may purchase in their own name if the property is outside military zones. Based on these agreements foreigners of the following countries are eligible. England, Germany, Australia, Austria, Belgium, France, Holland, Ireland, Spain, Italy, Canada, Luxemburg, Norway, Greece as well as some African and South American states. The full list is available in our branches or click here.

No matter where the land or the house may be situated if the buyer is a foreign person, the deed office has to officially ask the prior approval or permission of the highest military command of the area before transferring the title (Approval of the ministry of Defense: Savunma Bakanliği). The duration of the request for permission is estimated on 30-60 days. The reasons for this are to ensure that foreign buyers will not acquire a property within military zones. No land or property within forbidden regions and safety regions can be sold, transferred or rented. (Forbidden regions - Military zones).

More and more foreigners are interested in buying property in Turkey. In 2006 around 50,000 purchases from foreigners have been taking place. More and more foreigners are looking for financing their new property at a local bank.

Foreigners, with different behavior/features, require a different application approach. Therefore DenizBank has developed mortgage loans specially for foreigners

 

How to get a Mortgage from DenizBank?

1. Please bring all the required information to the nearest branch of your new house. Together with the branch you will discuss all the conditions and benefits of the loan
2. After your approval we will complete the application form and start the application procedure
3. The bank will send a appraiser to you house to value your property
4. Maximum 5 working days later the branch will inform you about the offering that we can do to you
5. You will be handed out the pre term sheet that you can use as our written promise to you
6. After presenting the pre term sheet to you, you are asked to sign the pre term sheet and pay the commitment fee
7. After signing a period of maximum four months starts to arrange:
   
   
   • * DASK: (nature disaster insurance)
   • * House insurance; İskan Ruhsati (house permission)
   • * Approval of the ministry of Defense (Savunma Bakanliği)
   • * Tax number and opening a demand deposit account
8. After collection of all the documents mentioned above the bank will give its final approval will make an appointment to pay out the loan and put the mortgage on the title deed at the Tapu office

Off Plan Mortgages
DenizBank makes deals with project developers to finance uncompleted houses in a project. Sometimes DenizBank gives loans before completion of the house or gives you upfront the commitment that DenizBank will pay out a loan after completion at upfront agreed conditions. Go to you nearest branch to ask for our current joint promotion with develops and ask for the special conditions.
 
The features of the loan
 

Issue	Feature

Loan to value	Maximum 65% of the appraisal value (not always equal to the sales price)
Debt to income	Maximum net salary to spend to installment for total loan position 50%
Valuation of income	Only salary income transferred to a bank account, average profit of the last 2 years, pension income
Maximum amount	No maximum
Minimum amount	€ 30.000 euro
Nationalities	All countries that have a reciprocal agreement with Turkey. Click here for the full list
Maturity	5,10,15 and 20 years
Loan in YTL	Yes
Loan in euro	Yes
Loan in Dollars	Yes
Loan in British pound	Yes
Interest types	Fixed
Early repayment	Possible (2% penalty fee)
Property valuation	Done by DenizBank or appointed appraisal by Denizbank, pre-valuation paid by DenizBank
Age of application	25 -70 years
Maximum age at end of maturity	70 years
DASK: nature disaster insurance, House insurance;	To arrange via DenizBank,
Life insurance	No obligation
Off plan mortgage	Yes, with full bank guarantee from constructor for the total loan amount
Monthly installment payments	Automatic payment from a DenizBank account
Validity of the pre offer	4 months
Extension of validity of the pre offer (except interest rate)	Until 18 months (1% extra commission required)

 

Requested documentation for your mortgage application

 

	Employed	Self employed	Retired
Official tax statement of the most recent year in the home country (for example P60)	√	√	√
Copy of the Tapu of the object that will be bought (“Kat mulkiyet tapusu” or “Kat irtifak tapusu + yapi kullanim izin belgesi”)	√	√	√
Copies of passports made and signed by the branch or notary	√	√	√
Income statement of employers signed by the employer	√		√
Official document/declaration from a public notary/cadastre that the person who signed the income statement is allowed to sign	√		√
Bank statements declaring the income (not older than 3 months)	√		√
Annual report of the holding company for the last two years together with a copy from the shareholder register		√
Documents proving monthly financial obligations (rent, house loan installments, alimentation)	√	√	√
Overview of private assets proven by official statements	√	√	√
Overview of private debts proven by official statements	√	√	√
Signed application form	√	√	√

* Official translation of all documents into Turkish is required (the branch is happy to assist on this).

  

Countries which have full reciprocity with Turkey in terms of real estate acquisition

 

Countries which have full reciprocity with Turkey in terms of real estate acquisition

1. ANDORRA 2. ARGENTINA 3. AUSTRALIA 4. AUSTRIA 5. BAHAMAS 6. BAHRAIN 7. BANGLADESH 8. BARBADOS 8. BELGIUM 9. BELIZE 10. BENIN 11. BOLIVIA 12. BOSNIA-HERZEGOVINA 13. BOSTWANA 14. BRAZIL 15. CAMEROON 16. CANADA 17. CAPE-VERDE 18. CENTRAL AFRICAN REPUBLIC 19. CHILE 20. COLOMBIA 21. COSTA RICA 22. COTE D'IVOIRE 23. CROATIA 24. DENMARK 25. ECUADOR 26. EL SALVADOR 27. ENGLAND 28. ESTONIA 29. FINLAND

30. FRANCE 31. GABON 32. GERMANY 33. GHANA 34. GUINEA 35. GRENADA 36. GUATEMALA 37. GUYANA 38. HAITI 39. HONDURAS 40. HUNGARY 41. IRELAND 42. ISRAEL 43. ITALY 44. JAMAICA 45. JAPAN 46. KOREA,SOUTH 47. LATVIA 48. LIECHTENSTEIN 49. LITHUANIA 50. LUXEMBOURG 51. MALAWI 52. MALAYSIA 53. MALI 54. MALTA 55. MAURITANIA 56. MAURITIUS 57. MEXICO 58. MONACO 59. MOZAMBIQUE 60. NETHERLANDS 61. NEW ZEALAND

62. NICARAGUA 63. NIGERIA 64. NORWAY 65. PANAMA 66. PARAGUAY 67. PERU 68. PHILIPPINES 69. POLAND 70. PORTUGAL 71. SAN MARINO 72. SENEGAL 73. SINGAPORE 74. SOMALIA 75. SOUTH AFRICAN REPUBLIC 76. SRI LANKA 77. SPAIN 78. SWAZILAND 79. SWEDEN 81. SWITZERLAND 82. TANZANIA 83. THE REPUBLIC OF DOMINIC 84. TURKISH REPUBLIC OF NORTHERN CYPRUS 85. UNITED STATES OF AMERICA 86. URUGUAY 87. VENEZUELA 88. YUGOSLAVIA(SERBIA-MONTENEGRO)

 

Loan Rates

 

MATURITY	RATES
	EURO	USD	GBP	YTL

3	0,58%	0,62%	0,65%	1,31%
6	0,58%	0,62%	0,65%	1,31%
9	0,58%	0,62%	0,65%	1,31%
12	0,58%	0,62%	0,65%	1,31%
18	0,58%	0,62%	0,65%	1,31%
24	0,58%	0,62%	0,65%	1,31%
36	0,58%	0,62%	0,65%	1,31%
48	0,58%	0,62%	0,65%	1,31%
60	0,58%	0,62%	0,65%	1,31%
72	0,58%	0,62%	0,65%	1,31%
84	0,58%	0,62%	0,65%	1,31%
96	0,58%	0,62%	0,65%	1,31%
108	0,58%	0,62%	0,65%	1,31%
120	0,58%	0,62%	0,65%	1,31%
180	0,58%	0,65%	0,65%	1,31%
240	0,58%	0,65%	0,65%	1,31%

http://www.propertyturkeysale.com/

Bodrum a hotspot for Middle Eastern royalty and celebrities

The popular vacation spot of Bodrum has become one of the favorite playgrounds of international royalty over the past 10 years, with princes, kings and sheiks increasingly coming to the area for holidays and investments, according to officials.

Among the Middle-Eastern royalty that visit Bodrum are Saudi Arabian Prince Mohammad bin Fahd bin Abdul Aziz al-Saud, Kuwaiti Emir Sheikh Sabah al-Ahmed al-Sabah and Prince Hassan of Jordan, all of whom have bought villas and land in Bodrum.

Platinum Magazine, an Arabic-language, prestigious lifestyle publication owned by a member of the Saudi royal family, Prince Maha al-Shaikh, dedicated four pages to Bodrum in one of its recent issues. The article praised Bodrum’s and Yalıkavak’s natural beauty, adding that many international celebrities had made huge investments in Bodrum for holiday purposes.

The Republican People’s Party, or CHP, mayor of Yalıkavak, Mustafa Saruhan, said the total investments made by Middle Eastern princes, kings and sheiks in the past 10 years amounted to over 500 million euros.

Top executives from Saudi Arabia, Kuwait, Lebanon, Bahrain and Qatar, who have bought land in Bodrum, are also spending their summer holidays with their families in luxury yachts berthed at Bodrum marinas, he said. The mayor also highlighted an article printed in Platinum Magazine titled, “The city of celebrities and yacht fans,” praising Bodrum and its drawing points.

İbrahim Çeçen of Çeçen Real Estate Investment said scores of top executives, especially from Saudi Arabia, and then from Kuwait, Qatar, Bahrain, Lebanon and Egypt had bought land in Yalıkavak, a district of Bodrum, and had built luxury villas worth up to 20 million euros.

Most recently, Libyan President Moammar Gadhafi’s sons Motossim Bilal and Hannibal Gadhafi spent their vacation in Bodrum last summer and were looking for land to build a hotel, Çeçen said. “Land prices in the region have skyrocketed. The reason for this is that celebrities prefer Bodrum and Yalıkavak both for holidays and investments.”

Villa owners in Bodrum

Saudi Arabian Prince Mohammad bin Fahd bin Abdul Aziz al-Saud; Princess Abeer al-Saud, from the family of Saudi Arabia Defense Minister Prince Khalid bin Sultan; Saudi Arabian Security Council head Prince Bandar Bin Sultan Bin Abdul Aziz al-Saud; Kuwaiti Emir Sheikh Sabah al-Ahmed al-Sabah; his brother, Prince Nasser Sabah al-Ahmet al-Jaber al-Sabah; Kuwaiti Foreign Minister Sheik Muhammed Sabah al-Salim; Prince Al-Hasan; and Ali bin Nayef of Jordan all own villas and land in Yalıkavak.

From the Ottoman dynasty, Sultan Murad’s fifth grandchild, Osman Selaheddin Osmanoğlu, also owns a villa in Yalıkavak. The ownership of these villas and title deeds belong to one of architects, embassy personnel, honorary consulates or relatives who live in Turkey.

 

http://www.hurriyetdailynews.com/n.php?n=bodrum-hotspot-for-middle-eastern-royalty-and-celebrities-2011-01-07

Istanbul selected as best European city for property

A survey among hundreds of real estate professionals shows that Turkey’s largest city is perceived as the best place for property investments in Europe. Istanbul ranks at the top among 27 European cities, according to the PricewaterhouseCoopers survey. Dublin and Athens rank lowest, reflecting concerns about high budget deficits in Ireland and Greece
 
 Istanbul is the best place in Europe to buy or develop property, as Turkey’s economic growth contrasts with declines across much of the region, a survey of 600 real estate professionals by PricewaterhouseCoopers has shown.

Turkey’s largest city was first among 27 European cities in terms of where respondents are likely to make purchases, the survey, released Thursday, showed. It was fifth last year. Istanbul was also first for the best development prospects and second after Munich for returns from existing properties.

The Turkish economy grew at an annual rate of 5.5 percent in the third quarter of last year as record-low interest rates boosted consumer spending and investment. The buoyant economy offers prospects of rising rents and property values, contrasting with a sluggish outlook for Europe’s economies as governments slash spending to reduce debt.

Istanbul “is one of the few markets where investors remain confident in the city rather than in their own ability to buck the general trend through superior real estate investment skills,” PwC said.

Difficulties in obtaining loans to refinance debt or fund new projects continue to hurt the property industry across Europe and investment is going to the highest-quality buildings in cities where tenant demand will lift rents, according to the report by the London-based arm of PwC, the world’s largest accounting firm.

Dublin, Athens at the bottom

London and Munich joined Istanbul in the top three of the rankings. Dublin ranked lowest in all three categories and Athens the next lowest, reflecting concerns about spiraling budget deficits in Ireland and Greece that forced both countries to accept financial rescue packages from the European Union and the International Monetary Fund.

“There is a broad consensus that there is little positive to be said about Dublin or Athens,” the report said. “The broad concern about the state of the European economy remains a key theme.”

Respondents to the PwC survey expressed “cautious optimism” about Germany. Last month, a poll of unlisted real estate fund manages by Amsterdam-based Inrev showed that Germany was their most-favored country because of its export-led economic recovery.

Berlin, Frankfurt and Hamburg also featured alongside Munich in the top 10 cities for returns from existing buildings, acquisitions and property development prospects. London was third for the performance of existing property and second for new acquisitions and development.

“With capital so risk-averse, winning cities like London and Paris will continue to absorb investment as the only places where tenant demand will be robust,” PwC said.

London led the world last year for investments in existing buildings, with a total of $23.9 billion in commercial real estate sales, according to data compiled by New York-based Real Capital Analytics. A weaker pound and prospects for rising rents enhanced the U.K. capital’s status as a refuge for investors, the data research company said.

PwC compiled the study with the Urban Land Institute by surveying the continent’s largest property investors, companies, brokers, asset managers, banks and analysts.
http://www.hurriyetdailynews.com/n.php?n=istanbul-selected-as-best-european-city-for-property-2011-02-04

Residential Turkish Property Prices Increasing

According to the ReidIn Turkey Residential Property Price Index, residential property prices in Turkey are steadily increasing as buyers look for larger properties. In July the sales prices in the country increased by an average of 0.83%, up by 0.32% in Adana, by 1.02% in Ankara, by 0.64% in Antalya, by 1.05% in Istanbul, by 0.84% in Izmir and by 0.44% in Bursa.

Rents are also steadily increasing, up by 0.81% in Istanbul, by 0.47% in Ankara and 0.76% in Antalya, to name but a few of the places that showed increases last month. The prices of new property are also increasing, up by 1.2% in July compared to June, giving them a year-on-year increase of 7.29%.

Buyers are also looking for larger properties, and last month data shows there was a 0.37 increase in demand for homes between 51 m² and 75 m², a 1.13% increase in demand for properties between 76 m² and 100 m², while properties between 101 m² and 125 m² are proving the most popular, as these registered a 1.65 increase in demand. Properties sized between 126 m² and 150 m² showed a 0.65% increase, while those above this size range showed a 1.16% increase.

Turkey is still one of the most popular places for overseas investors, and the low property prices here are ideal for anyone who has some capital or who can raise a mortgage. It is also continuing to be attractive to British investors due to the fact that it is outside the Eurozone, while the climate, food and culture are just the icing on the cake.

Turkey Is World's Fastest Growing Economy

According to statistics from the Turkish Statistics Institute, the country was the fastest-growing economy in the world during the first half of this year, as the economy grew by 8.8% between April and June compared to the same period in 2010. During the first quarter of the year the economy grew by 11.6%, giving a combined growth of 10.2% compared to the same period in 2010, which is higher than China's 9.6% growth during the same period.

The economy in Turkey has now grown for seven consecutive quarters since it suffered a 4.8% contraction in 2009. Since then the central bank has adhered to a strict monetary policy, and the country has benefited from a number of investments in the private sector, enabling the economy to bounce back much faster than had been predicted. In fact it's strong recovery is attributed to the dynamic private sector combined with high domestic demand, as it's been estimated that the private sector accounted for 91% of the country's 8.9% annual growth last year.

Private investments grew by 33.5% during the second quarter, compared to the second quarter of 2010, and by 6.7% compared to the first quarter in the year. The construction industry, trade and transportation and the financial sectors are also performing strongly, contributing towards the higher than expected growth, and total foreign direct investment in the country during the first six months of the year came to $6.2 billion, an incredible increase of 338.5% compared to the first six months of 2010. Apparently one of the major reasons for this amount of money coming into the country is the strong finance sector.

Turkish English - Turkish Dictionary - Turkish Translation

Basic           Phrases   
yes              evet
no                hayir
please          lutfen
thankyou      tesekkurederim/tesekkurler/tesekkur/mersi
hello            merhaba/selam
goodbye       hoscakal/hoscakalin (polite form) or allahaismarladi
                   (if you are the person leaving); gulegiile (if you are
                   the person seeing someone off)

good morning                    gunaydm
good evening                     iyi aksamlar
goodnight                          iyi geceler
How are you?                    Nasilsiniz?/Ne haber?
I am well                           iyiyim
I don't understand              Anlamiyorum
Where is...?                      Nerede...?
left                                    sol
right                                  sag
here                                  burada
there                                 surada
There is                             Var
There is none                     Yok (generally used much more than hayir denote 'no')
Excuse me                        Affedersin, affedersiniz (polite form) or pardon, ozur dilerim
Wait a minute                    Bir dakika lutfen
cheap                               ucuz
expensive                         pahali
airport                              havaalanı/havalimani
bus station                       otogar terminal
train station                      tren stasyonu/tren gan/gar
filling station                     benzin istasyonu/benzinci
bank                                banka
restaurant                         lokanta/restaurant/restoran

Numbers

one            bir
two            iki
three          uc
four           dort
five            bes
six            alti
seven        yedi
eight        sekiz
nine         dokuz
ten             on
eleven        onbir
twelve        oniki
thirteen      onuc
fourteen     ondort
fifteen        onbes
sixteen      on alti
seventeen  onyedi
eighteen    onsekiz 
nineteen    ondokuz
twenty    yirmi
thirty    otuz
forty    kirk
fifty    elli
sixty    altmis
seventy    yet mis
eighty    seksen
ninety    doksan
one hundred    yuz
two hundred    ikiyuz
one thousand    bin
one hundred thousand    yuzbin
one million    bir milyon
one billion    bir milyar
Time
When?                             Nezaman?
yesterday                         dun
today                               bugun
tomorrow                         yarin

later                          sonra
in the morning            sabahleyin
at noon                      Oglen
in the afternoon          ogleyin, oglen, ogle, ogleden sonra
in the evening            aksamleyin

Days

Sunday    Pazar
Monday    Pazartesi
Tuesday    Sali
Wednesday    Carsamba
Thursday    Persembe
Friday    Cuma
Saturday    Cumartesi
Months   
January    Ocak
February    Subat
March    Mart
April    Nisan
May    Mayis
June    Haziran
July    Temmuz
August    Agustos
September    Eyliil
October    Ekim
November    Kasim
December    Aralik

Signs
Stop      Dur
No entry      Girilmez 
No smoking     Sigara Icılmex
city centre     Sehir Merkezi
entrance     Giris
exit      Cikis
WC       WC/Tuvalet
ladies      Bay Bayan

Dictionary of Technical and Useful Words
agac.    tree   
Aidat    monthly payment for communal 

aksam    evening   
aksam yemek    dinner   
Alici    purchaser or receiver   
Satis    purchase   
Stis bedell    purchase price   
ampul    light bulb   
anasokak    main street   
antika    antique, very old   
apartman    apartment block   
ara sokak    side street   
araba    vehicle or car   
arsa    plot of land   
asansor    lift   
at    horse   
avukat    lawyer   
bahce    garden   
bahcivan    gardener   
bak'iye    balance (money)   
bakkal    corner shop, grocer   
balkon    balcony, terrace   
bank    bank   
bank havalesi    bank transfer   
bank hesabi    bank account   
banliyo    suburbs   
banyo    bathroom   
bayram    religious holiday   
bekci    watchman   
belediye    local municipality   
berber    barber's shop (men only)   
beton    concrete   
beyaz    white   
beyaz sarap    white wine   
bilet    ticket   
bira    beer   
birahane    pub   
bodrum    basement or cellar   
bore    debt   
borsa    stock exchange   


boya    paint
boyaci    painter, decorator
bozuk para    change (money)
buzdolabi    refrigerator
buyuk    big, large
cadde    avenue
tin    gin
calisma izni    work permit
carsaf    bedsheet
cati    roof
cati kat    loft
cay    tea
cek    cheque
cesme    fountain or spring
cevre vergisi    annual environment tax (really a refuse
     charge)
ciftlik    farm
ciftlikevi    farmhouse
omenta    cement
cikis    exit
dag    mountain
da ire    apartment flat
deger    value
deniz    sea
deniz manzarasi    sea view
deniz manzarah    with a sea view
depozit    deposit (money)
dergi    magazine
dubleks    duplex
dus    shower
duvar    wall
duvar kagidi    wallpaper
eczane    chemist
ehliyet    licence (normally driving licence)
ekmek    bread
elektrik    electricity
elektrik sayaci    electricity meter
elektrikci    electrician
emlakci    estate agent
emlak vergisi    annual property tax
emniyet mudurlugu

eski ev faiz fatura feribot firm fiyat gayrimenkul gazette giris giris kat gol gumruk hali harita hastane hava havalimani. havuz hesap hol (koridor) ikametgah il ilce. insaat iskonto or indirim kahvalti kale kalorifer kaloriferli kapi' karakol kasaba kat kat kaloriferi kefalet kilit

central police station old house interest (financial) bill, invoice ferry boat oven price real estate property, land newspaper entrance, ground floor lake customs carpet map hospital weather airport swimming pool bill hallway place of residence province sub-province construction discount breakfast castle radiator centrally heated door police station town floor, storey central heating bail or financial security lock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kira    rent
kiraci    tenant
kira bedeli    rent (amount)
kiralik    for rent
kirmizi    red
kirmizi sarap    red wine
kisa    short
kisa vade    short term
klima    air-conditioning
konut    housing
kopru    bridge
koy    village
kuafbr    hairdresser
kuyu    well
kiicuk    small
lavabo    washbasin
mahalle    neighbourhood
marangoz    carpenter
merdiven    stairs
mesgul    occupied
meydan    town square
mimar    architect
mobilya    furniture
mobilyali    furnished
musluk    tap
mutfak    kitchen
muhim    important
nalburiye    hardware store
noter    notary public
oda    room
okul    school
ortnan    forest
ortak    partner
ortaklik    partnership
otel    hotel
otobiis    bus
otobus bileti    bus ticket
oturma izni    residence permit
ogle/oglen    noon
oglen yemegi    lunch
odeme    payment
onemli    important
onemsiz    unimportant
ozel    private or special
ozel plaj    private beach
para    money
pasaport    passport
pasta    cake
pencere    window
peynir    cheese
plaj    beach
plan    plan
prim    premium
pul    stamp
raki    Turkish strong nation
renk    colour
ruhsat    permission
salon    lounge
satici    vendor, seller
satilik    for rent
satis    sale
satis bedeli    sale price
satis sozlesmi    contract of sale
sayac    meter
senet    promissory note
serbest    free, unoccupied
sermaye    capital (financial)
sigorta    insurance
sigorta policesi    insurance policy
site    condominium or site
sicak    hot
sicak su    hot water
soguk    cold
soguk su    cold water
sozlesme    contract
sokak    street
su    water
su borusu    water pipe
su sayaci    water meter
 
sarap    wine
sarkuteri    delicatessen
sehir    city
sirket    company
sofben    water heater
tapu    title deed
tapu mudurlugu    land registry office
tapu sicil    land registry
tatil    holiday
tazminat    compensation
tebligat    official communication
tepe    mountain peak or hill
ticaret odasi    chamber of commerce
tren    train
tren bileti    train ticket
tripleks    triplex
tuketim    consumption
tuvalet    toilet
ucak    plane
ucak bileti    plane ticket
uzun    long
uzun wade    long term
uretim    production
valor    value date (for payments)
vatandaslik    citizenship
vergi    tax
vergi dairesi    tax office
vergi numarasi    tax number
yapi    structure
yapi ruhsat    permission for planning or construction
yastik    pillow
yatak    bed
yatak odasi    bedroom
yemek    food
yemek odasi    dining room
yeni    new
yorgan    bed quilt

FETHIYE ÖLÜDENIZ

Ölüdeniz is a small resort village in the Muğla Province on the South West coast of Turkey on the Aegean Sea to the south and the high, steep sided Babadağ Mountain, 14 km (9 mi) south of Fethiye. The town is a beach resort.

Ölüdeniz remains one of the most photographed beaches on the Mediterranean. It has a secluded sandy bay at the mouth of Ölüdeniz, on a blue lagoon.[1] The lagoon is a national nature reserve and building is strictly prohibited. Ölüdeniz is famous for its shades of turquoise and aquamarine, and is an official blue flag beach, and is frequently rated among the top 5 beaches in the world by Travelers and Tourism Journals alike. The resort is also famous for its paragliding opportunities. It is regarded as one of the best places in the world to paraglide due to its unique panoramic views, and the Babadağ Mountain's exceptional height.



MARMARIS TURKEY

Marmaris is a port city and a tourist destination on the Mediterranean coast, located in southwest Turkey, in the Muğla Province.

Marmaris' main source of income is tourism. While little is left of the sleepy fishing village that Marmaris was just a few decades ago after a construction boom in the 1980s, Marmaris still retains its charm due to the exceptional natural beauty of its location. The town's population is 28,660 (2000) and is estimated to reach 300,000 - 400,000 people during the tourism season, when the flow of people reaches critical levels. Marmaris' nightlife rivals anything on the Turkish coast.

It is also a major centre for sailing, possessing two major and several smaller marinas. It is a popular wintering location for hundreds of cruising boaters. There are regular ferry services to the Greek island of Rhodes, and large cruise ships call at the port.

Istanbul Turkey

Istanbul (Turkish: İstanbul; historically Byzantium and later Constantinople; see the other names of Istanbul) is the largest city in Turkey, largest city proper and second largest metropolitan area in Europe, and fourth largest city proper in the world with a population of 12.6 million. Istanbul is the cultural and financial center of Turkey. The city covers 27 districts of the Istanbul province.[2] It is located on the Bosphorus Strait and encompasses the natural harbor known as the Golden Horn, in the northwest of the country. It extends both on the Europe (Thrace) and on the Asia (Anatolia) side of the Bosphorus, and is thereby the only metropolis in the world that is situated on two continents. In its long history, Istanbul served as the capital city of the Roman Empire (330–395), the East Roman (Byzantine) Empire (395–1204 and 1261–1453), the Latin Empire (1204–1261), and the Ottoman Empire (1453–1922). The city was chosen as joint European Capital of Culture for 2010. The historic areas of Istanbul were added to the UNESCO World Heritage List in 1985   
Location
Istanbul is located in the north-west Marmara Region of Turkey. It encloses the southern Bosphorus which places the city on two continents—the western portion of Istanbul is in Europe, while the eastern portion is in Asia. The city boundaries cover a surface area of 1,830.92 square kilometres (707 sq mi), while the metropolitan region, or the Province of Istanbul, covers 6,220 square kilometres (2,402 sq mi).
Climate
Istanbul has a temperate climate, though a plausible argument can be made that under the Köppen climate classification, Istanbul has a humid subtropical climate.
In summer the weather in Istanbul is hot and humid, the temperature between June and September averaging 28°C (82°F). During winter it is cold, wet and often snowy, averaging 5°C (42°F). Average annual precipitation is 693 mm (27.2 inches). Summer is by far the driest season, although there is no real summer drought as rain does occur all year round, and so the climate cannot be considered mediterranean. Snowfall is quite common between the months of December and March, snowing for a week or two, but it can be heavy once it snows. The city is also quite windy, having an average wind speed of 17 km/h (11 mph).[27]

 Istanbul City arrangement
The historic peninsula of old Istanbul corresponds approximately to the extent of Constantinople in the 15th century; it comprises the districts of Eminönü and Fatih. This area lies on the southern shores of the Golden Horn, which separates the old city center from the northern and younger parts of the European side. The historic peninsula ends with the Theodosian Land Walls in the west. The peninsula is surrounded by the Sea of Marmara on the south and the entrance of the Bosphorus on the east.
North of the Golden Horn are the historical Beyoğlu and Beşiktaş districts, where the last Sultan's palace is located, followed by a chain of former villages such as Ortaköy and Bebek along the shores of the Bosphorus. On both the European and Asian sides of the Bosphorus, wealthy Istanbulites built luxurious chalet mansions, called yalı, which were used as summer residences.
The districts of Üsküdar (ancient Chrysopolis) and Kadıköy (ancient Chalcedon) which are located on the Asian side were originally separate cities (like the district of Beyoğlu (medieval Pera) on the European side also used to be.) These cities have eventually been absorbed by Istanbul and have become its districts. Today, the Asian side of the city has numerous modern residential areas and business districts, and is home to around one-third of Istanbul's population.
To the west, to the east and to the north, Istanbul extends far beyond its historical quarters. The tallest office and residential towers rise particularly in the quarters of Levent, Etiler and Maslak on the European side, and in the quarter of Kozyatağı on the Asian side. Due to Istanbul's exponential growth during the second half of the 20th century, a significant portion of the city consists of gecekondus, a Turkish word created in the 1940s meaning "built overnight" and refers to the illegally constructed squatter buildings that comprise entire neighborhoods and run rampant in the outskirts of Turkey’s largest cities; especially Istanbul, Ankara, İzmir, and Bursa. According to the official definition stated in the Gecekondus Act of 1966, these neighborhoods are typically built on abandoned land or on lands owned by others, without the permission of the landowner or the Municipality, and the construction methods do not follow the official rules and regulations.
Istanbul Airports

Atatürk International AirportIstanbul has two international airports: The larger one is the Atatürk International Airport located in the Yeşilköy district on the European side, about 24 kilometres (15 mi) west from the city center. When it was first built, the airport used to be at the western edge of the metropolitan area but now lies within the city bounds.
The smaller one is the Sabiha Gökçen International Airport located in the Kurtköy district on the Asian side, close to the Istanbul Park GP Racing Circuit. It is situated approximately 20 kilometres (12 mi) east of the Asian side and 45 kilometres (28 mi) east of the European city center.
Istanbul  Shopping
See also: List of shopping malls in Istanbul
Istanbul has numerous historic shopping centers, such as the Grand Bazaar (1461), Mahmutpaşa Bazaar (1462) and the Egyptian Bazaar (1660). The first modern shopping mall was Galleria Ataköy (1987), which was followed by dozens of others in the later decades, such as Akmerkez (1993) which is the only mall to win both "Europe's Best" and "World's Best" awards by the ICSC; Metrocity (2003); Cevahir Mall (2005) which is the largest mall in Europe; and Kanyon Mall (2006) which won the 2006 Cityscape Architectural Review Award for its interesting design. İstinye Park (2007) and City's Nişantaşı (2008) are two new malls which target high-end consumers and are almost exclusively dedicated to world-famous fashion brands.

Istanbul Restaurants
Along with the traditional Turkish restaurants, many European and Far Eastern restaurants and numerous other cuisines are also thriving in the city.

Çiçek Pasajı on İstiklal AvenueMost of the city's historic winehouses (meyhane in Turkish) and pubs are located in the areas around İstiklal Avenue in Beyoğlu. The 19th century Çiçek Pasajı (literally Flower Passage in Turkish, or Cité de Péra in French) on İstiklal Avenue, which has many historic meyhanes, pubs and restaurants, was built by Hristaki Zoğrafos Efendi at the former site of the Naum Theatre and was inaugurated in 1876. The famous Nevizade Street, which has rows of historic meyhanes next to each other, is also in this area.

Cezayir Sokak in Beyoğlu, also referred to as La Rue Française, has numerous pubs, cafés and restaurants playing live musicOther historic pubs are found in the areas around Tünel Pasajı and the nearby Asmalımescit Sokağı. Some historic neighbourhoods around İstiklal Avenue have recently been recreated, with differing levels of success such as Cezayir Sokak near Galatasaray Lisesi, which became unofficially known as La Rue Française and has rows of francophone pubs, cafés and restaurants playing live music.
Istanbul is also famous for its historic seafood restaurants. Many of them were originally established by the local Greeks. The most popular seafood restaurants are generally found along the shores of the Bosphorus and by the Marmara Sea shore towards the south of the city. The Princes' Islands in the Sea of Marmara (Büyük Ada, Heybeli Ada, Kınalı Ada, Burgaz Ada) and Anadolu Kavağı near the northern entrance of the Bosphorus towards the Black Sea (close to Yoros Castle, which was also known as the Genoese Castle due to Genoa's possession of it in the mid-15th century) also have many historic seafood restaurants.

Night life

Nişantaşı, the fashion districtThere are many night clubs, pubs, restaurants and taverns with live music in the city. The night clubs, restaurants and bars increase in number and move to open air spaces in the summer. The areas around Istiklal Avenue and Nişantaşı offer all sorts of cafés, restaurants, pubs and clubs as well as art galleries, theaters and cinemas.
The most popular open air summer time seaside night clubs are found on the Bosphorus, such as Reina, Sortie and Anjelique in the Ortaköy district. Babylon and Nu Pera in Beyoğlu are popular night clubs both in the summer and in the winter, while Istanbul Arena in Maslak frequently hosts the live concerts of famous singers and bands from all corners of the world. Parkorman in Maslak hosted the Isle of MTV Party in