Istanbul Real Estate News

New York and London have been named as leading international cities of the world.

A total of 39 million square meters of new shopping center space is currently under construction across the world's major cities.

Istanbul's office market hit a record high for office market transactions in 2013, dominated by large owner-occupier deals.

Approximately 14.1 million square meters of new shopping center space is expected to be delivered across Europe in the next two years.

Starwood Hotels & Resorts Worldwide plans to increase its European hotel portfolio by almost 40 percent in the next five years.

The European hotel industry recorded positive yearly results in November for all metrics recorded by STR Global, with demand surpassing North America's hotel market. "North America has steadily outperformed Europe in terms of demand growth on a 12-month rolling basis,"

Irish property investor Tom Ryan plans to build the tallest residential tower in the U.K. on a site in London's Canary Wharf business district. Mr. Ryan purchased the site for £100 million yesterday, the first deal in London for the developer.

As investor interest continue to grow, home prices increased 12.9 percent in July.

St. Regis Hotels & Resorts has signed an agreement to open the brand's first location in Turkey.

Hard Rock International, the iconic music-inspired brand, will open its first hotel in Europe in May 2014 on the island of Ibiza. Working with the European developer Palladium Hotel Group, two former Fiesta Hotels will be remodeled and united into The Hard Rock Hotel Ibiza.

I have an admission to make. I should have titled this story "My Top Train Rides in the World." It's my column...and these are my (totally subjective) choices! So get your ticket punched, and settle in for a quick train ride around the world...

The violent street protests that have rocked Turkey are rooted in years of political and religious tension.

Wyndham Hotel Group recently announced plans to enter the U.A.E. with its first property in Dubai.

The number of shopping center in development around the world is up 15 percent from a year ago, with more than half of the projects in China, according to new data released by CB Richard Ellis.

European hotels posted mixed results in February as cold winter weather impacted travel, according to the latest STR Global data report. "Major airports saw delays and closures due to the winter storm earlier in the month, which affected hotel performance across the region,"

Turkey real estate sales dropped by 2.35% in the third quarter compared to the previous period, but the news wasn't all that bad. When compared with results of the same period last year, general sales have experienced a growth of 1.76%. Averaging the last four quarters, a 6.76% increase was seen in sales in general.

The republic of Turkey, with a population of 75 million in western Asia, wants to be a noticeable player in the world's real estate markets. The country's real estate growth plans are ambitions. Turkey wants to attract up to $10 billion a year to its property market from investors in Europe, Asia and the oil-producing states around the Persian Gulf, including Iran, Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar, the United Arab Emirates, and Oman.

Hyatt Hotels Corporation recently announced the opening of Park Hyatt Chennai, marking the 30th hotel in the Park Hyatt collection and the first Park Hyatt hotel to be introduced in the city of Chennai, known as the gateway to Southern India.

(Dubai, UAE) -- There is a renewed energy in Dubai these days being witnessed by developers worldwide showcasing over an estimated $100 billion in new mega-projects in the UAE region at the 11th inaugural Cityscape Global property developers conference being held this week in Dubai.

According to hotel data compiled by STR Global, despite economic slowdowns in many regions of the world, hotel markets globally still posted mostly positive performance results for the month of August 2012. Here is a breakdown of hotel markets by region from STR Global.